Payday Loans in Grandview, Missouri

Events happen, and we usually find ourselves in a situation where we have to cover some unexpected bills. Consider applying for a payday loan in Grandview, Missouri, to see if you qualify.

The application process is swift and simple. To qualify, loan borrowers have to meet a few simple criteria.

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

A payday loan is where the borrower will receive a small amount of cash on a short-term contract. This is considered an unsecured personal loan due to the fact that no collateral is expected.

When unexpected costs arise, like missed rent or utility costs, car fixes, health or vet costs, and so forth, people commonly rely upon payday advance loans.

Cash Advance Loan Criteria In Grandview, Missouri

In Grandview, Missouri, cash advance loan borrowers must meet several criteria to be eligible for a loan.

The borrower has to:

• Prove that they are a resident of Grandview, Missouri
• Must be 18 years old
• Receive a steady stream of 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 criteria, they will automatically be denied a payday loan. Make sure you can provide the documentation required when applying.

Laws and Regulations Regarding Paycheck Advance Loans in Grandview, Missouri

The State of Missouri has deemed cash advance lending legal. Still, they have set the following rules and laws for the payday lending market:

• A single money lender can't extend a loan in excess of $600. Borrowers are not allowed to take out greater than two active loans from different lenders. There is no smallest loan amount.
• The minimum loan term is not set, the longest loan term length is 31 days. In the State of Missouri, borrowers are unable to rollover their loans.
• The fees and charges vary for each money lender. The service costs enacted by the lender on a payday loan do not fall under interest. The service fees apply to every $100 borrowed and can range between 11-15%.
• An interest rate is required to be mutually agreed upon. APR can be as much as 369%.

Will Cash Advance Lenders in Grandview, MO, Run Credit Checks? What If I Have Bad/No Credit History At All?

Yes, the lenders we partner with will complete a credit check on you, but, even if you have no credit or bad credit, you might still be eligible for a loan as long as you can prove that you are able to pay back 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 use a soft credit pull, which will have no impact on your credit score. This is simply to get a look at your credit history and basic information.

A hard credit inquiry, on the other hand, needs your explicit consent. These credit pulls are done for various purposes, including mortgages, credit cards, and more.

You can still be approved for a payday advance loan with less than great credit in Grandview, MO, if you have proof of repayment.

Therefore, when you request a loan, albeit in person or online, make sure that you have your income information available and any other documents showing that you can repay the loan. The more evidence you possess, the better chance your loan application will be approved.

When Will I Receive My Funds in Grandview, Missouri?

When you receive your funds truly relies on your lender as some lenders advertise same-day cash advance loans, which means you will get your payday loan on the same day you submit your application, as long as you're approved.

Much 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 get your cash until Monday.

If you're wanting a same-day payday advance loan in Grandview, Missouri, 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 cut-off. However, you should request a loan earlier than that if possible, as it will increase the likelihood that you see your deposit on the day that you apply.

One additional factor that you should know is despite if the lender grants your loan request and posts the funds to your checking account, occasionally the bank won't release that deposit at that time. 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 deposit earlier.

On the whole, it's wise to prepare ahead of time to receive money on the next business day. That way, you're not left in the lurch if you cannot get it on the same day.

Consider Borrowing From Us

If you possess underwhelming credit or no credit and are searching to secure a payday advance loan, think about applying through us, as you most likely have a higher chance of approval.

We work with over one hundred different lenders who offer their services online. Often you will get your cash on the following business day so make sure that you plan appropriately.

Although, you can always find the closest payday loan storefront to you and apply in person to increase the chances of getting your funds on the same day. When applying in person, ensure that you have your government ID or driver's license; a passport is sufficient. Occasionally, lenders may ask for proof of address, so take along a utility bill to the store as well.

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

Payday Loan Direct Lender Companies in Grandview, MO

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