Payday Loans in Hays, Kansas

Life happens, and we usually wind up in a place where we must cover some unforeseen expenses. Consider applying for a paycheck advance loan in Hays, KS, to see if you meet the requirements.

The loan process is fast and painless. To be qualified, loan borrowers have to satisfy a few general criteria.

What is a Paycheck Advance Loan? What Can It Pay For?

A cash advance loan is where the borrower will get a small sum of cash on a short-term agreement. This is deemed to be an unsecured loan because no collateral is expected.

When unexpected bills come up, for example late rent or utility bills, car fees, medical or vet costs, and so forth, individuals frequently seek out cash advance loans.

Payday Advance Loan Criteria In Hays, KS

In Hays, Kansas, payday advance loan borrowers are required to meet a few requirements to be eligible for a loan.

The borrower must:

• Prove that they live in Hays, Kansas
• Must be 18 or older
• Have an income that they can prove that's at least $1,000/month
• Give current contact information like cell phone number and email address
• Provide their SSN

If a borrower does not satisfy the above requirements, they will immediately be denied a cash advance loan. Ensure that you can provide the documents required when requesting a loan.

Laws and Rules Regarding Paycheck Advance Loans in Hays, KS

Kansas has ruled payday advance lending legal. Still, they have created the below rules and laws for the payday lending market:

• An individual money lender can't offer a loan for more than $600. Borrowers cannot take out more than two unpaid loans from different lenders. There is no smallest loan amount.
• The minimum loan term is not determined, the longest loan term length is 31 days. In Kansas, borrowers may not rollover their loans.
• The fees and charges vary for each money lender. The service costs enacted by lenders on a payday loan do not fall under interest. The service fees apply to every $100 loaned and can range from 11% up to 15%.
• An interest rate must be mutually settled upon. APR can be as high as 369%.

Will Payday Advance Lenders in Hays, KS, Complete Credit Checks? What If I Have Dismal/No Credit History At All?

Yes, the lenders we partner with will do a credit check on you, but, even if you possess no credit or poor credit, you may still be approved for a loan given that you can show that you can repay the loan. Lenders are generally unconcerned about your credit if you possess proof of income and a strategy to pay back the loan.

Lenders will rely on a soft credit pull, which will not impact your credit score. This is only to get an idea of your credit history and basic information.

A hard credit pull, on the other hand, requires your explicit consent. These credit pulls are used for various purposes, including mortgages, credit card applications, and more.

You may still qualify for a cash advance loan with poor credit in Hays, Kansas, if you can prove you will repay the loan.

Therefore, when you request a loan, whether it is in person or online, make sure that you have your income information available and any other documents verifying that you can pay back the loan. The more proof you have, the better chance your loan application will be approved.

When Will I Receive My Loan in Hays, Kansas?

When you see your money actually depends on your lender as some lenders advertise same-day payday advance loans, which means you will receive your payday loan on the same day you request a loan, as long as you receive an approval.

Much of the time, however, lenders will send the borrower their lump sum on the next business day. Businesses usually close for holidays and weekends. So, if you submit your application on a Friday, you might not receive your cash until Monday.

If you're wanting a same-day cash advance loan in Hays, KS, you will need to be sure that you're applying by 10:30 am. Any and all same-day deposits going out that day will be approved by that deadline. However, you should request a loan earlier than that if possible, as it will increase the likelihood that you see your deposit on the same day that you submit your application.

One other factor that you should know is despite if the lender approves your application and posts the loan to your checking account, sometimes the bank won't release that loan immediately. It's important to let your bank know that you plan to receive a cash advance loan, so they might make an exception in releasing the deposit earlier.

Overall, it's wise to prepare ahead of time to receive money on the following business day. That way, you're not surprised if you cannot get it on the same day.

Consider Working With PaydayLoanRadar

If you have less than great credit or no credit and are needing to secure a payday loan, consider applying through us, as you probably have a higher chance of approval.

We work with more than one hundred different lenders who provide their services online. Much of the time you will get your deposit on the next business day so ensure that you plan correctly.

However, you can always find the nearest cash advance loan storefront to you and apply in person to increase the chances of getting your funds on the same day. When requesting a loan in person, make sure that you have your government ID or driver's license; a passport is sufficient. Now and again, lenders may request proof of address, so bring a utility bill to the store as well.

To find the nearest payday advance loan store, please use the list below and search for your city.

Payday Loan Direct Lender Companies in Hays, KS

Below you will find a list of payday loan companies offering their services in Hays, Kansas. If you can't find a lender near your location in Hays, consider applying in a nearby city in Kansas. Alternatively, you can apply online on our website and get a decision almost instantly.