Payday Loans in Alice, Texas
Things happen, and we often end up in a place where we have to pay for some unexpected bills. Consider submitting an application for a cash advance loan in Alice, TX, to see if you qualify.
The loan request process is swift and painless. To be qualified, borrowers must meet a few simple conditions.
What is a Cash Advance Loan? What Can It Be Put Towards?
A cash advance loan is where the borrower will get a small sum of money on a short-term contract. This is deemed to be an unsecured personal loan because no collateral is required.
When unexpected bills come up, such as late rent or utility fees, vehicle fixes, medical or vet payments, and so forth, people often turn to paycheck advance loans.
Cash Advance Loan Criteria In Alice, Texas
In Alice, TX, payday advance loan borrowers must meet a few stipulations to qualify for a loan.
The borrower is required to:
- Prove that they reside in Alice, TX
- Must be 18 years of age
- Have an income that they can provide proof of being at least $1,000 per month
- Provide current contact information such as cell phone number and email address
- Provide their SSN
If a borrower does not abide by the above requirements, they will automatically be denied a payday loan. Ensure that you have the documents needed when requesting a loan.
Laws and Regulations Concerning Payday Advance Loans in Alice, TX
Texas has ruled payday advance lending legal. Still, they have created the below rules and laws for the payday advance lending market:
- An individual money lender can't extend a loan in excess of $600. Borrowers may not possess greater than two unpaid 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 Texas, borrowers cannot rollover their loans.
- The fees and charges are different for each loan lender. The service costs enacted by lenders on each loan or transaction 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 decided upon. APR can be as much as 369%.
Will Payday Lenders in Alice, TX, Complete Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we work with will perform a credit check on you, still, even if you have no credit or dismal credit, you may still be eligible for a loan given that you can show that you are able to repay the loan. Lenders are generally unconcerned about your credit if you possess proof of income and a plan to pay back the loan.
Lenders will rely on a soft credit check, which will have no impact on your credit score. This is simply to get an idea of your credit history and general information.
A hard credit inquiry, alternatively, requires your explicit consent. These credit pulls are used for various purposes, such as mortgages, credit cards, and more.
You may still be approved for a payday loan with poor credit in Alice, TX, as long as you can prove you will repay the loan.
So, when you apply for a loan, whether it is in person or online, ensure that you have your income information ready and any other documents showing that you can pay back the loan. The more evidence you show, the better chance your loan application will be approved.
When Will I Receive My Loan in Alice, Texas?
When you see your deposit actually relies on your lender as some lenders offer same-day paycheck advance loans, which means you will see your cash advance loan on the same day you request a loan, as long as you receive an approval.
Most of the time, though, lenders will give 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 may not get your cash until Monday.
If you're wanting a same-day payday advance loan in Alice, Texas, you will need to be sure that you're applying by 10:30 am. Any and all same-day payments going out that day will be approved by that cut-off. However, you should submit an application earlier than that if possible, as it will increase the likelihood that you see your deposit on the day that you apply.
One more factor that you should know is despite if the lender approves your application and posts the funds to your bank account, occasionally the bank won't release that credit immediately. 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 funds earlier.
Overall, it's best to prepare ahead of time to get your funds on the next business day. That way, you're not surprised if you cannot receive it on the same day.
Consider Borrowing From Us
If you have poor credit or no credit and are searching to secure a paycheck advance loan, consider applying with us, as you probably have a higher chance of approval.
We work with over one hundred different lenders who offer their services online. Frequently you will get your loan on the following business day so ensure that you plan correctly.
Although, you can always find the nearest payday advance loan storefront to you and apply in person to strengthen 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. Now and again, lenders may request proof of address, so take along a utility bill to the store as well.
To locate the nearest payday advance loan store, please use the list below and locate your city.
Payday Loan Direct Lender Companies in Alice, TX
Below you will find a list of payday loan companies offering their services in Alice, Texas. If you can't find a lender near your location in Alice, consider applying in a nearby city in Texas. 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 Alice, 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.