Payday Loans in Andrews, Texas
Incidents happen, and we often wind up in a place where we must cover some unexpected costs. Think about submitting an application for a paycheck advance loan in Andrews, Texas, to see if you meet the requirements.
The loan application process is fast and simple. To be qualified, you have to satisfy a few general criteria.
What is a Payday Advance Loan? What Can It Be Used For?
A cash advance loan is where the borrower will be extended a petite sum of cash on a short-term contract. This is considered an unsecured personal loan as no collateral is expected.
When unforeseen expenses present themselves, such as late rent or utility bills, car bills, health or vet payments, and so on, individuals frequently rely upon payday loans.
Cash Advance Loan Criteria In Andrews, Texas
In Andrews, Texas, cash advance loan borrowers need to satisfy a few requirements to be eligible for a loan.
The borrower must:
- Provide proof that they reside in Andrews, Texas
- 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 abide by the above rules, they will automatically be denied a cash advance loan. Make sure you can provide the documentation required when requesting a loan.
Laws and Regulations Concerning Paycheck Advance Loans in Andrews, TX
The State of Texas has deemed paycheck advance lending legal. Still, they have put forth the below rules and regulations for the cash advance lending market:
- A single money lender can't extend a loan for more than $600. Borrowers are not allowed to take out greater than two outstanding loans from different lenders. There is no minimum loan amount.
- The minimum loan term is not set, the maximum loan term length is 31 days. In the State of Texas, borrowers are unable to rollover their loans.
- The fees and charges change for each money lender. The service fees enacted by the lender on a loan do not fall under interest. The service fees apply to each $100 loaned and can vary between 11-15%.
- An interest rate is required to be mutually settled upon. APR can be as high as 369%.
Will Payday Lenders in Andrews, TX, Perform Credit Checks? What If I Have Bad/No Credit History At All?
Yes, the lenders we work with will complete a credit check on you, still, even if you possess no credit or less than optimal credit, you may still be eligible for a loan given that you can prove that you can repay the loan. Lenders are usually unconcerned about your credit history if you have proof of income and a plan to repay the loan.
Lenders will rely on a soft credit pull, which will not impact your credit score. This is only to get a feel of your credit history and basic information.
A hard credit pull, dissimilarly, requires your explicit consent. These credit checks are performed for a plethora of purposes, such as mortgages, credit cards, and more.
You can still be approved for a cash advance loan with less than great credit in Andrews, Texas, if you have proof of repayment.
Therefore, when you apply for a loan, whether it is in person or online, double check that you have your income information at hand and any other documents verifying that you can pay back the loan. The more evidence you show, the more likely your loan request will be granted.
When Will I Receive My Money in Andrews, TX?
When you get your funds really relies on your lender as some lenders advertise same-day payday advance loans, which means you will receive your cash advance loan on the same day you request a loan, 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 generally close for holidays and weekends. So, if you submit your application on a Friday, you might not see your funds until Monday.
If you're searching for a same-day paycheck advance loan in Andrews, TX, you will need to be sure that you're applying by 10:30 am. All same-day deposits going out that day will be approved by that time. However, you should request a loan earlier than that if possible, as it will boost the likelihood that you get your deposit on the day that you apply.
One more factor that you should know is despite if the lender grants your loan request and posts the deposit to your bank account, occasionally the bank won't release that loan right away. It's paramount that you let your bank know that you plan to receive a payday advance loan, so they might make an exception in releasing the deposit earlier.
Overall, it's wise to prepare ahead of time to receive your funds on the following business day. That way, you're not left in the lurch if you cannot receive it on the same day.
Consider Borrowing From Us
If you have poor credit or no credit and are looking to get a paycheck advance loan, consider applying through us, as you frequently 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 see your money on the following business day so ensure that you plan correctly.
However, you can always locate the nearest payday loan store to you and apply in person to increase the chances of seeing your cash on the same 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 ask for proof of address, so take along a utility bill to the store too.
To locate the nearest payday advance loan store, please navigate to the list below and search for your city.
Payday Loan Direct Lender Companies in Andrews, TX
Below you will find a list of payday loan companies offering their services in Andrews, Texas. If you can't find a lender near your location in Andrews, 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 Andrews, 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.