Payday Loans in Watford City, North Dakota

Incidents happen, and we usually wind up in a spot where we have to pay for some surprise costs. Think about submitting an application for a payday advance loan in Watford City, ND, to see if you meet the requirements.

The loan process is swift and effortless. To be qualified, borrowers have to meet a few basic criteria.

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

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

When surprise costs come up, like missed rent or utility payments, vehicle fees, health or vet payments, and so on, people frequently rely upon payday loans.

Paycheck Advance Loan Criteria In Watford City, ND

In Watford City, ND, cash advance loan borrowers need to meet a few criteria to be eligible for a loan.

The borrower is required to:

• Provide proof that they are a resident of Watford City, North Dakota
• Must be 18 or older
• Receive a steady stream of income that they can provide proof of being at least $1,000/month
• Provide active contact information such as cell phone number and email address
• Give their SSN

If a borrower does not abide by the above rules, they will automatically be denied a cash advance loan. Make sure you possess the documentation required when applying.

Laws and Rules Regarding Cash Advance Loans in Watford City, ND

North Dakota has ruled paycheck advance lending legal. However, they have enacted the following rules and laws for the payday lending industry:

• An individual money lender cannot extend a loan for more than $600. Borrowers may not take out more than two outstanding loans from different lenders. There is no minimum loan amount.
• The minimum loan term is not determined, the longest loan term length is 31 days. In the State of North Dakota, borrowers may not rollover their loans.
• The fees and charges vary for each money lender. The service fees enacted by the lender on each loan or transaction are not considered interest. The service fees apply to every $100 loaned and can range between 11-15%.
• An interest rate must be mutually decided upon. APR can range up to 369%.

Will Payday Advance Lenders in Watford City, North Dakota, Complete Credit Checks? What If I Have Poor/No Credit History At All?

Yes, the lenders we have a relationship with will complete a credit check on you, still, even if you possess no credit or less than stellar credit, you may still be approved for a loan provided you can prove that you are able to repay the loan. Lenders are typically unbothered by your credit history if you possess proof of income and a plan to repay the loan.

Lenders will conduct a soft credit pull, which will have no impact on your credit score. This is solely to get a look at your credit history and general information.

A hard credit pull, alternatively, requires your permission. These credit inquiries are used for a variety of purposes, such as mortgages, credit cards, and more.

You can still be approved for a payday loan with poor credit in Watford City, ND, if you have proof of repayment.

So, when you apply for a loan, albeit in person or online, double check that you have your income information ready and any other documents showing that you can pay back the loan. The more proof you have, the better chance your loan request will be granted.

When Will I Get My Loan in Watford City, ND?

When you receive your cash actually relies on the lender as some lenders provide same-day cash advance loans, which means you will receive your cash advance loan on the same day you apply, as long as you're approved.

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 apply on a Friday, you might not receive your loan until Monday.

If you're needing a same-day payday loan in Watford City, ND, you will need to be sure that you're applying by 10:30 am. All same-day payments going out that day will be approved by that time. However, you should request a loan earlier than that if able, as it will boost the likelihood that you get your funds on the same day that you apply.

One other factor that you should be aware of is despite if the lender approves your application and posts the funds to your bank account, sometimes the bank won't release that deposit right away. It's vital that you let your bank know that you plan to receive a payday advance loan, so they might make an exception in releasing the cash earlier.

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

Think About Borrowing From Us

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

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

However, you can always locate the nearest cash advance loan store to you and apply in person to boost the chances of seeing your money on the same business day. When requesting a loan 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 bring a utility bill to the store too.

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

Payday Loan Direct Lender Companies in Watford City, ND

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