Payday Loans in Pratt, Kansas

Things happen, and we often find ourselves in a situation where we have to pay for some unforeseen bills. Consider submitting an application for a cash advance loan in Pratt, KS, to see if you qualify.

The application process is quick and simple. To qualify, borrowers have to meet a few basic requirements.

What is a Payday Advance Loan? What Can It Be Put Towards?

A payday advance loan is where the borrower will get a petite amount of money on a short-term contract. This is thought of as an unsecured personal loan as no collateral is needed.

When unexpected financial needs come up, like past due rent or utility costs, vehicle bills, medical or vet costs, and so forth, individuals often turn to paycheck advance loans.

Payday Loan Criteria In Pratt, Kansas

In Pratt, Kansas, payday loan borrowers need to meet a few criteria to be eligible for a loan.

The borrower has to:

• Show proof that they reside in Pratt, Kansas
• Must be 18 years old
• Receive an income that they can provide proof of being at least $1,000/month
• Provide current contact information including phone number and email address
• Give their SSN

If a borrower does not abide by the above criteria, they will immediately be denied a cash advance loan. Ensure that you possess the documentation required when requesting a loan.

Laws and Rules Regarding Payday Loans in Pratt, KS

Kansas has ruled payday lending legal. Although, they have put forth the following rules and regulations for the paycheck advance lending market:

• An individual money lender can't extend a loan in excess of $600. Borrowers may not possess more than two outstanding loans from different lenders. There is no smallest loan amount.
• The minimum loan term is not determined, the maximum loan term length is 31 days. In the State of Kansas, borrowers are not allowed to rollover their loans.
• The fees and charges change for each lender. The service costs charged by lenders on each loan or transaction do not fall under interest. The service fees apply to each $100 loaned and can range from 11% up to 15%.
• An interest rate is required to be mutually decided upon. APR can be as much as 369%.

Will Cash Advance Lenders in Pratt, Kansas, Perform Credit Checks? What If I Have Bad/No Credit History At All?

Yes, the lenders we partner with will run a credit check on you, but, even if you possess no credit or bad credit, you might still be eligible for a loan as long as you can show that you are able to repay the loan. Lenders are usually unconcerned about your credit history if you offer proof of income and a strategy to repay the loan.

Lenders will perform a soft credit check, which will have no impact on your credit score. This is simply to get a feel of your credit history and general information.

A hard credit pull, on the other hand, must have your permission. These credit pulls are performed for a variety of purposes, including mortgages, credit cards, and more.

You may still be approved for a payday loan with less than great credit in Pratt, KS, as long as you have proof of repayment.

Therefore, when you apply, albeit in person or online, double check that you have your income information at hand and any other documents showing that you can pay back the loan. The more proof you provide, the more likely your loan application will be approved.

When Will I Receive My Funds in Pratt, Kansas?

When you receive your loan actually depends on the lender as some lenders offer same-day payday loans, which means you will see your payday advance loan on the same day you submit your application, as long as you get an approval.

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

If you're searching for a same-day payday loan in Pratt, Kansas, you will need to ensure you're applying by 10:30 am. Any and all same-day loans going out that day will be approved by that deadline. However, you should apply earlier than that if able, as it will increase the likelihood that you see your money on the day that you submit your application.

One additional factor that you should understand is even if the money lender grants your loan request and posts the loan 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 cash advance loan, so they could possibly make an exception in releasing the money earlier.

Overall, it's wise to prepare in advance to receive your deposit on the next business day. That way, you're not surprised if you cannot receive it on the same day.

Think About Borrowing From Us

If you have underwhelming credit or no credit and are wanting to secure a payday loan, consider applying with us, as you usually have a better chance of approval.

We partner with more than one hundred different lenders who provide their services online. Often you will receive your deposit on the following business day so ensure that you plan appropriately.

Although, you can always locate the closest payday loan store to you and apply in person to strengthen 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 will work as well. Now and again, lenders may request proof of address, so take along a utility bill to the store too.

To find the nearest payday loan storefront, please use the list below and locate your city.

Payday Loan Direct Lender Companies in Pratt, KS

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