Payday Loans in Reno, Nevada

Life happens, and we often end up in a spot where we must pay for some unforeseen bills. Consider applying for a paycheck advance loan in Reno, NV, to see if you are eligible.

The application process is fast and painless. To be eligible, loan borrowers must satisfy a couple of general requirements.

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

A payday loan is where the borrower will be extended a small amount of money on a short-term contract. This is considered an unsecured loan because no collateral is needed.

When unforeseen bills come up, such as missed rent or utility costs, car repairs, medical or vet expenditures, and so forth, individuals frequently seek out payday advance loans.

Paycheck Advance Loan Stipulations In Reno, NV

In Reno, Nevada, payday loan borrowers are required to meet several criteria to be eligible for a loan.

The borrower has to:

• Provide proof that they reside in Reno, NV
• Must be 18 years old
• Receive a steady 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 satisfy the above rules, they will automatically be denied a payday loan. Make sure you can provide the documentation required when requesting a loan.

Laws and Regulations Concerning Payday Advance Loans in Reno, Nevada

Nevada has deemed cash advance lending legal. Although, they have enacted the following rules and regulations for the paycheck advance lending industry:

• A single money lender cannot offer a loan greater than $600. Borrowers are not allowed to possess more than two active loans from different lenders. There is no smallest loan amount.
• The minimum loan term is not set, the maximum loan term length is 31 days. In Nevada, borrowers are unable to rollover their loans.
• The fees and charges vary for each money lender. The service fees enacted by the lender on each loan or transaction do not fall under interest. The service fees apply to each $100 borrowed and can vary from 11% up to 15%.
• An interest rate must be mutually settled upon. APR can be as much as 369%.

Will Payday Advance Lenders in Reno, NV, Run Credit Checks? What If I Have Bad/No Credit History At All?

Yes, the lenders we work with will run a credit check on you, still, even if you have no credit or poor credit, you might still be eligible for a loan as long as you can prove that you can pay back the loan. Lenders are commonly unbothered by your credit history if you possess proof of income and a plan 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 look at your credit history and basic information.

A hard credit check, dissimilarly, requires your permission. These credit checks are used for a variety of purposes, such as mortgages, credit card applications, and more.

You can still qualify for a payday loan with bad credit in Reno, NV, provided that you can prove you will repay the loan.

So, when you apply, albeit in person or online, ensure that you have your income information ready and any other documents proving that you can pay back the loan. The more evidence you possess, the more likely your loan application will be approved.

When Will I Get My Cash in Reno, NV?

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

Much of the time, though, 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 may not receive your deposit until Monday.

If you're needing a same-day payday advance loan in Reno, NV, 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 deadline. However, you should submit an application earlier than that if able, as it will increase the likelihood that you receive your money on the day that you apply.

One more factor that you should know is even if the lender approves your application and posts the loan to your bank account, sometimes the bank won't release that credit at that time. It's vital that you let your bank know that you plan to get a payday loan, so they could possibly make an exception in releasing the cash earlier.

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

Consider Working With PaydayLoanRadar

If you have less than great credit or no credit and are looking to secure a cash advance loan, think about applying through us, as you probably have a higher chance of approval.

We partner with over one hundred different lenders who provide their services online. Most of the time you will receive your money on the following business day so make sure that you plan accordingly.

Although, you can always locate the nearest payday advance loan storefront to you and apply in person to increase the chances of getting your cash on the same day. When submitting an application in person, ensure that you have your government ID or driver's license; a passport will work as well. Sometimes, lenders may ask for proof of address, so bring a utility bill to the store too.

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

Payday Loan Direct Lender Companies in Reno, NV

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