Payday Loans in Landen, Ohio
Life happens, and we often find ourselves in a situation where we have to cover some unexpected bills. Think about submitting an application for a paycheck advance loan in Landen, OH, to see if you are eligible.
The loan application process is quick and effortless. To be qualified, loan borrowers must satisfy a couple of basic requirements.
What is a Payday Advance Loan? What Can It Be Used For?
A payday loan is where the borrower will receive a small sum of cash on a short-term contract. This is considered an unsecured personal loan due to the fact that no collateral is required.
When unexpected expenses come up, like past due rent or utility payments, vehicle repairs, health or vet bills, and so forth, individuals often rely upon paycheck advance loans.
Cash Advance Loan Criteria In Landen, Ohio
In Landen, OH, payday loan borrowers must satisfy several stipulations to qualify for a loan.
The borrower must:
- Provide proof that they reside in Landen, OH
- Must be 18 years old
- Have a steady stream of income that they can provide proof of being at least $1,000 per month
- Provide active contact information including phone number and email address
- Provide 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 requesting a loan.
Laws and Regulations Concerning Payday Loans in Landen, Ohio
The State of Ohio has ruled payday lending legal. Still, they have enacted the below rules and laws for the payday advance lending industry:
- A single money lender cannot extend a loan greater than $600. Borrowers may not take out greater than two outstanding loans from different lenders. There is no minimum loan amount.
- There is no minimum loan term, the maximum loan term length is 31 days. In Ohio, borrowers cannot rollover their loans.
- The fees and charges change for each money lender. The service costs charged by lenders on each loan or transaction are not considered interest. The service fees apply to every $100 loaned and can range from 11% up to 15%.
- An interest rate is required to be mutually agreed upon. APR can be as high as 369%.
Will Payday Lenders in Landen, Ohio, Perform Credit Checks? What If I Have Bad/No Credit History At All?
Yes, the lenders we have a relationship with will perform a credit check on you, but, even if you possess no credit or bad credit, you might still be approved for a loan provided you can prove that you are able to pay back the loan. Lenders are typically 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 look at your credit history and general information.
A hard credit check, on the other hand, must have your explicit consent. These credit checks are used for a variety of purposes, such as mortgages, credit card applications, and more.
You may still be approved for a paycheck advance loan with less than great credit in Landen, OH, if you can prove you will repay the loan.
Therefore, when you apply, albeit in person or online, make sure that you have your income information easily accessible and any other documents showing that you can pay back the loan. The more proof you possess, the better chance you are to be approved.
When Will I Get My Deposit in Landen, Ohio?
When you get your loan really relies on the lender as some lenders offer same-day payday advance loans, which means you will get your cash advance loan on the same day you apply, as long as you get an approval.
Much of the time, though, lenders will give the borrower their lump sum on the next business day. Businesses typically close for holidays and weekends. Because of this, if you apply on a Friday, you might not receive your cash until Monday.
If you're looking for a same-day payday advance loan in Landen, Ohio, you will need to ensure you're applying by 10:30 am. Any and all same-day payments going out that day will be approved by that deadline. However, you should request a loan earlier than that if possible, as it will increase the likelihood that you get your deposit on the same day that you submit your application.
One more factor that you should understand is even if the lender grants your loan request and posts the loan to your checking account, sometimes the bank won't release that funds right away. It's important to let your bank know that you plan to get a payday loan, so they might make an exception in releasing the loan earlier.
Overall, it's wise to prepare in advance to get money on the next business day. That way, you're not out of luck if you cannot get it on the same day.
Think About Borrowing From PaydayLoanRadar
If you have less than great credit or no credit and are needing to secure a payday loan, think about applying through us, as you usually have a higher chance of approval.
We work with over one hundred different lenders who offer 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 closest cash advance loan storefront to you and apply in person to increase the chances of seeing your loan on the same business day. When requesting a loan in person, make sure that you have your government ID or driver's license; a passport is sufficient. Now and again, lenders may request proof of address, so bring a utility bill to the store too.
To locate the nearest cash advance loan store, please use the list below and locate your city.
Payday Loan Direct Lender Companies in Landen, OH
Below you will find a list of payday loan companies offering their services in Landen, Ohio. If you can't find a lender near your location in Landen, consider applying in a nearby city in Ohio. Alternatively, you can apply online on our website and get a decision almost instantly.
If you can't find a lender near your location in Landen, consider checking out payday loan lenders in nearby cities. Alternatively, apply online on our website and get an instant decision. If approved, you will get your cash the same or next business day.