Payday Loans in Wichita, Kansas

Events happen, and we usually find ourselves in a situation where we must cover some surprise costs. Think about applying for a payday loan in Wichita, KS, to see if you qualify.

The application process is swift and effortless. To be qualified, borrowers must meet a few simple requirements.

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

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

When surprise bills come up, for example missed rent or utility costs, auto costs, medical or vet payments, and so on, individuals usually rely upon payday advance loans.

Payday Loan Stipulations In Wichita, KS

In Wichita, Kansas, payday loan borrowers must satisfy a few requirements to be eligible for a loan.

The borrower is required to:

• Show proof that they are a resident of Wichita, KS
• Must be 18 years old
• Have a steady income that they can provide proof of being at least $1,000/month
• Provide active contact information such as phone number and email address
• Give their social security number

If a borrower does not meet the above requirements, they will automatically be denied a payday advance loan. Ensure that you have the documentation required when applying for a loan.

Laws and Rules Concerning Cash Advance Loans in Wichita, KS

The State of Kansas has deemed cash advance lending legal. Still, they have put forth the below rules and laws for the payday lending industry:

• An individual money lender cannot extend a loan for more than $600. Borrowers cannot possess more than two unpaid loans from different lenders. There is no minimum loan amount.
• The minimum loan term is not set, the longest loan term length is 31 days. In Kansas, borrowers are not allowed to rollover their loans.
• The fees and charges change for each loan lender. The service fees charged by lenders on a payday loan do not fall under interest. The service fees apply to each $100 borrowed and can vary between 11-15%.
• An interest rate is required to be mutually agreed upon. APR can be as high as 369%.

Will Payday Lenders in Wichita, KS, 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 less than optimal credit, you might still be eligible for a loan as long as you can show that you can pay back the loan. Lenders are generally unbothered by your credit if you possess proof of income and a strategy to pay back the loan.

Lenders will conduct a soft credit check, which will have no impact on your credit score. This is only to get an idea of your credit history and basic information.

A hard credit pull, dissimilarly, needs your permission. These credit pulls are utilized for a variety of purposes, including mortgages, credit card applications, and more.

You might still qualify for a payday loan with imperfect credit in Wichita, KS, as long as you can prove you will repay the loan.

Therefore, when you apply for a loan, albeit in person or online, double check that you have your income information available and any other documents proving that you can pay back the loan. The more proof you have, the better chance you are to be approved.

When Will I Receive My Deposit in Wichita, Kansas?

When you see your funds really depends on the lender as some lenders offer same-day cash advance loans, which means you will receive your cash advance loan on the same day you submit your application, as long as you're approved.

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

If you're needing a same-day cash advance loan in Wichita, Kansas, you will need to ensure you're applying by 10:30 am. All same-day payments 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 receive your funds on the day that you apply.

One other consideration that you should be aware of is even if the money lender grants your loan request and posts the credit to your bank, occasionally the bank won't release that funds right away. It's paramount that you let your bank know that you plan to receive a payday loan, so they might make an exception in releasing the funds earlier.

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

Consider Working With Us

If you have poor credit or no credit and are needing to get a cash advance loan, think about applying with us, as you usually have a better chance of approval.

We partner with hundreds of different lenders who provide their services online. Much of the time you will get your cash on the following business day so make sure that you plan correctly.

Although, you can always locate the nearest payday advance loan storefront to you and apply in person to strengthen the chances of getting your loan 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. Sometimes, lenders may request proof of address, so bring a utility bill to the store as well.

To find the nearest paycheck advance loan storefront, please navigate to the list below and search for your city.

Payday Loan Direct Lender Companies in Wichita, KS

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