Payday Loans in Newton, Kansas

Things happen, and we usually find ourselves in a spot where we must pay for some unexpected bills. Think about applying for a payday advance loan in Newton, KS, to see if you meet the requirements.

The loan application process is quick and simple. To qualify, loan borrowers must meet a couple of simple requirements.

What is a Payday Loan? What Can It Be Used For?

A payday loan is where the borrower will be extended a small amount of cash on a short-term agreement. This is considered an unsecured loan because no collateral is required.

When surprise costs come up, for example missed rent or utility payments, auto costs, health or vet fees, and so on, individuals commonly seek out paycheck advance loans.

Payday Loan Requirements In Newton, KS

In Newton, Kansas, paycheck advance loan borrowers are required to meet a few criteria to qualify for a loan.

The borrower has to:

• Prove that they are a resident of Newton, KS
• Must be 18 years of age
• Have a steady stream of income that they can prove that's at least $1,000 per month
• Give up-to-date contact information such as phone number and email address
• Give their SSN

If a borrower does not meet the above criteria, they will immediately be denied a payday loan. Ensure that you have the documentation needed when applying.

Laws and Regulations Concerning Payday Loans in Newton, KS

The State of Kansas has ruled payday lending legal. Although, they have enacted the following rules and laws for the paycheck advance lending industry:

• A single money lender cannot offer a loan in excess of $600. Borrowers may not have greater than two active loans from different lenders. There is no smallest loan amount.
• The minimum loan term is not set, the maximum loan term length is 31 days. In the State of Kansas, borrowers cannot rollover their loans.
• The fees and charges vary for each loan lender. The service costs enacted by lenders on a loan do not fall under interest. The service fees apply to each $100 loaned and can range between 11-15%.
• An interest rate is required to be mutually settled upon. APR can be as much as 369%.

Will Payday Lenders in Newton, KS, Run Credit Checks? What If I Have Dismal/No Credit History At All?

Yes, the lenders we have a relationship with will complete a credit check on you, but, even if you possess no credit or less than optimal credit, you may still be eligible for a loan given that you can show that you are able to pay back the loan. Lenders are typically unbothered by your credit history if you have proof of income and a plan to pay back the loan.

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

A hard credit check, alternatively, must have your permission. These credit inquiries are performed for a variety of purposes, such as mortgages, credit cards, and more.

You can still qualify for a payday advance loan with bad credit in Newton, Kansas, as long as you can prove you will repay the loan.

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

When Will I See My Cash in Newton, KS?

When you receive your cash actually relies on the lender as some lenders advertise same-day paycheck advance loans, which means you will receive your cash advance loan on the same day you submit your application, as long as you get an approval.

Most of the time, though, lenders will send the borrower their lump sum on the next business day. Businesses often close for holidays and weekends. Therefore, if you submit your application on a Friday, you might not see your funds until Monday.

If you're needing a same-day payday loan in Newton, KS, you will need to be sure that you're applying by 10:30 am. Any and all same-day loans going out that day will be approved by that time. However, you should apply earlier than that if able, as it will boost the likelihood that you receive your money on the same day that you apply.

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

On the whole, it's best to prepare ahead of time to get cash on the following business day. That way, you're not surprised if you cannot get it on the same day.

Consider Borrowing From Us

If you have underwhelming credit or no credit and are searching to get a paycheck advance loan, think about applying through us, as you frequently have a better chance of approval.

We partner with over one hundred different lenders who offer their services online. Frequently you will get your money on the following business day so make sure that you plan accordingly.

However, you can always find the nearest payday loan storefront to you and apply in person to increase the chances of getting your cash on the same business day. When submitting an application in person, ensure that you have your government ID or driver's license; a passport is sufficient. Infrequently, lenders may require proof of address, so take along a utility bill to the store as well.

To locate the nearest cash advance loan storefront, please use the list below and locate your city.

Payday Loan Direct Lender Companies in Newton, KS

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