Payday Loans in Shawnee, Kansas

Incidents happen, and we often wind up in a spot where we have to cover some unforeseen costs. Consider submitting an application for a cash advance loan in Shawnee, KS, to see if you meet the requirements.

The application process is fast and straightforward. To be qualified, you have to satisfy a couple of general criteria.

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

A payday loan is where the borrower will be extended a petite amount of money on a short-term basis. This is thought of as an unsecured personal loan as no collateral is expected.

When unforeseen expenses come up, for example late rent or utility bills, car fixes, health or vet fees, and so forth, people usually turn to cash advance loans.

Paycheck Advance Loan Requirements In Shawnee, KS

In Shawnee, Kansas, cash advance loan borrowers are required to meet a few stipulations to be eligible for a loan.

The borrower must:

• Provide proof that they reside in Shawnee, KS
• Must be at least 18
• Receive an income that they can prove that's at least $1,000 per month
• Provide active contact information such as phone number and email address
• Provide their social security number

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

Laws and Regulations Concerning Paycheck Advance Loans in Shawnee, KS

Kansas has deemed payday advance lending legal. However, they have created the following rules and laws for the payday lending market:

• A single lender cannot offer a loan for more than $600. Borrowers cannot possess more than two outstanding loans from different lenders. There is no smallest loan amount.
• There is no minimum loan term, the longest loan term length is 31 days. In the State of Kansas, borrowers cannot rollover their loans.
• The fees and charges are different for each lender. The service fees charged by the lender on a cash advance loan are not considered interest. The service fees apply to every $100 loaned and can range from 11% up to 15%.
• An interest rate must be mutually decided upon. APR can range up to 369%.

Will Cash Advance Lenders in Shawnee, Kansas, Run Credit Checks? What If I Have Dismal/No Credit History At All?

Yes, the lenders we partner with will complete a credit check on you, but, even if you possess no credit or bad credit, you might still be eligible for a loan given that you can show that you are able to pay back the loan. Lenders are usually unbothered by your credit if you offer proof of income and a strategy to pay back the loan.

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

A hard credit inquiry, alternatively, requires your explicit consent. These credit pulls are done for a plethora of purposes, including mortgages, credit card applications, and more.

You may still be approved for a payday loan with imperfect credit in Shawnee, KS, provided that you can prove you will repay the loan.

So, when you apply for a loan, whether it is in person or online, double check that you have your income information at hand and any other documents proving that you can pay back the loan. The more evidence you show, the better chance your loan request will be granted.

When Will I Get My Loan in Shawnee, KS?

When you get your money truly depends on the lender as some lenders advertise same-day paycheck 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.

Most of the time, however, lenders will send the borrower their lump sum on the following business day. Businesses often close for holidays and weekends. So, if you apply on a Friday, you may not get your cash until Monday.

If you're searching for a same-day cash advance loan in Shawnee, KS, you will need to ensure you're applying by 10:30 am. All same-day funds going out that day will be approved by that cut-off. However, you should apply earlier than that if possible, as it will increase the likelihood that you get your funds on the same day that you submit your application.

One additional consideration that you should be aware of is even if the money lender approves your application and posts the credit 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 get a payday 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 loan on the following business day. That way, you're not out of luck if you cannot get it on the same day.

Think About Working With Us

If you possess less than great credit or no credit and are searching to get a payday loan, think about applying with us, as you usually have a better chance of approval.

We work with hundreds of different lenders who offer their services online. Much of the time you will see your loan on the following business day so make sure that you plan accordingly.

However, you can always locate the closest paycheck advance loan store to you and apply in person to increase the chances of receiving your loan on the same business day. When applying in person, make sure that you have your government ID or driver's license; a passport is sufficient. Infrequently, lenders may require proof of address, so bring a utility bill to the store too.

To locate the nearest payday advance loan store, please refer to the list below and find your city.

Payday Loan Direct Lender Companies in Shawnee, KS

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