Payday Loans in Exeter, Rhode Island

Life happens, and we often end up in a place where we must pay for some unexpected bills. Consider applying for a paycheck advance loan in Exeter, Rhode Island, to see if you qualify.

The loan request process is quick and painless. To be eligible, borrowers have to satisfy a couple of simple requirements.

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

A paycheck advance loan is where the borrower will receive a petite sum of money on a short-term agreement. This is considered an unsecured personal loan due to the fact that no collateral is needed.

When unforeseen financial needs present themselves, for example missed rent or utility payments, auto bills, health or vet expenditures, and so forth, individuals frequently seek out payday loans.

Paycheck Advance Loan Criteria In Exeter, RI

In Exeter, RI, paycheck advance loan borrowers need to satisfy several criteria to qualify for a loan.

The borrower has to:

• Prove that they live in Exeter, Rhode Island
• Must be 18 years old
• Have an income that they can provide proof of being at least $1,000/month
• Give current contact details including cell phone number and email address
• Give their SSN

If a borrower does not satisfy the above requirements, they will immediately be denied a paycheck advance loan. Ensure that you possess the documentation needed when applying for a loan.

Laws and Rules Regarding Cash Advance Loans in Exeter, RI

The State of Rhode Island has deemed payday advance lending legal. Still, they have created the following rules and regulations for the payday lending industry:

• An individual lender cannot offer a loan in excess of $600. Borrowers cannot possess more than two unpaid loans from different lenders. There is no minimum loan amount.
• The minimum loan term is not determined, the maximum loan term length is 31 days. In Rhode Island, borrowers are unable to rollover their loans.
• The fees and charges are different for each loan lender. The service costs enacted by the lender on each loan or transaction do not fall under interest. The service fees apply to every $100 borrowed and can range from 11% up to 15%.
• An interest rate is required to be mutually decided upon. APR can be as much as 369%.

Will Paycheck Advance Lenders in Exeter, Rhode Island, Run Credit Checks? What If I Have Bad/No Credit History At All?

Yes, the lenders we work with will do a credit check on you, still, even if you possess no credit or bad credit, you may 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 use a soft credit inquiry, which will have no impact on your credit score. This is only to get a look at your credit history and general information.

A hard credit pull, on the other hand, must have your explicit consent. These credit pulls are used for a variety of purposes, such as mortgages, credit card applications, and more.

You might still qualify for a cash advance loan with less than great credit in Exeter, RI, if you can prove you will repay the loan.

So, when you request a loan, whether it is in person or online, double check that you have your income information at hand and any other documents proving that you can pay back the loan. The more proof you show, the more likely you are to be approved.

When Will I Receive My Deposit in Exeter, Rhode Island?

When you see your deposit actually depends on the lender as some lenders offer same-day paycheck advance loans, which means you will see your paycheck advance loan on the same day you request a loan, as long as you're approved.

Most of the time, however, lenders will send the borrower their lump sum on the next business day. Businesses generally close for holidays and weekends. So, if you submit your application on a Friday, you might not receive your funds until Monday.

If you're searching for a same-day payday loan in Exeter, Rhode Island, you will need to make sure you're applying by 10:30 am. All same-day loans going out that day will be approved by that time. However, you should apply earlier than that if able, as it will boost the likelihood that you receive your funds on the same day that you apply.

One additional factor that you should understand is despite if the lender grants your loan request and posts the deposit to your bank account, occasionally the bank won't release that deposit immediately. It's vital that you let your bank know that you plan to get a cash advance loan, so they might make an exception in releasing the funds earlier.

On the whole, it's wise to prepare in advance to get your loan on the next business day. That way, you're not surprised if you cannot receive it on the same day.

Consider Working With Us

If you possess underwhelming credit or no credit and are searching to get a payday advance loan, consider applying with us, as you probably have a better chance of approval.

We partner with over one hundred different lenders who provide their services online. Most of the time you will get your deposit on the next business day so make sure that you plan appropriately.

However, you can always find the nearest cash advance loan store to you and apply in person to strengthen the chances of receiving your cash on the same business day. When applying in person, ensure that you have your government ID or driver's license; a passport will work as well. Infrequently, lenders may request proof of address, so take along a utility bill to the store too.

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

Payday Loan Direct Lender Companies in Exeter, RI

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