Payday Loans in Angleton, Texas
Incidents happen, and we usually end up in a spot where we must cover some unforeseen costs. Think about submitting an application for a payday advance loan in Angleton, Texas, to see if you are eligible.
The loan process is quick and simple. To qualify, borrowers have to meet a few simple criteria.
What is a Cash Advance Loan? What Can It Be Put Towards?
A paycheck advance loan is where the borrower will get a small sum of funds on a short-term contract. This is deemed to be an unsecured personal loan because no collateral is required.
When unexpected financial needs present themselves, like missed rent or utility payments, car fees, medical or vet bills, and so forth, individuals often seek out cash advance loans.
Payday Loan Stipulations In Angleton, TX
In Angleton, Texas, payday loan borrowers must satisfy a few stipulations to be eligible for a loan.
The borrower must:
- Provide proof that they reside in Angleton, Texas
- Must be 18 or older
- Have a steady income that they can prove that's at least $1,000/month
- Give active contact information such as cell phone number and email address
- Give their SSN
If a borrower does not satisfy the above criteria, they will immediately be denied a cash advance loan. Ensure that you possess the documentation needed when submitting your application.
Laws and Rules Concerning Paycheck Advance Loans in Angleton, Texas
The State of Texas has deemed cash advance lending legal. However, they have set the following rules and laws for the payday lending industry:
- A single money lender can't extend a loan for more than $600. Borrowers cannot have greater than two outstanding loans from different lenders. There is no minimum loan amount.
- There is no minimum loan term, the longest loan term length is 31 days. In Texas, borrowers may not rollover their loans.
- The fees and charges change for each money lender. The service fees charged by the lender on each loan or transaction are not considered interest. The service fees apply to every $100 borrowed and can range between 11-15%.
- An interest rate must be mutually agreed upon. APR can be as high as 369%.
Will Paycheck Advance Lenders in Angleton, Texas, Perform Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we partner with will do a credit check on you, still, even if you possess no credit or bad credit, you might still be eligible for a loan given that you can prove that you are able to repay the loan. Lenders are generally unbothered by your credit if you offer proof of income and a plan to pay back the loan.
Lenders will use a soft credit pull, which will not impact your credit score. This is simply to get a look at your credit history and basic information.
A hard credit inquiry, alternatively, needs your permission. These credit inquiries are used for a variety of purposes, such as mortgages, credit cards, and more.
You may still be approved for a payday advance loan with less than great credit in Angleton, TX, provided that you have proof of repayment.
Therefore, when you apply for a loan, albeit in person or online, double check that you have your income information easily accessible and any other documents verifying that you can pay back the loan. The more proof you have, the more likely your loan request will be granted.
When Will I Receive My Loan in Angleton, Texas?
When you get your funds actually depends on your lender as some lenders provide same-day payday advance loans, which means you will get your cash advance 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. Therefore, if you apply on a Friday, you may not get your money until Monday.
If you're looking for a same-day paycheck advance loan in Angleton, TX, you will need to make sure you're applying by 10:30 am. Any and all same-day loans going out that day will be approved by that time. However, you should request a loan earlier than that if able, as it will boost the likelihood that you get your money on the same day that you apply.
One other factor that you should be aware of is despite if the lender grants your loan request and posts the credit to your bank, occasionally the bank won't release that deposit right away. It's vital that you let your bank know that you plan to receive a payday advance loan, so they could possibly make an exception in releasing the deposit earlier.
Overall, it's best to prepare ahead of time to receive your deposit on the following business day. That way, you're not surprised if you cannot receive it on the same day.
Think About Borrowing From PaydayLoanRadar
If you have bad credit or no credit and are looking to get a payday loan, think about applying through us, as you frequently have a higher chance of approval.
We partner with hundreds of different lenders who offer their services online. Much of the time you will receive your funds on the following business day so make sure that you plan appropriately.
However, you can always locate the nearest payday loan store to you and apply in person to boost the chances of getting your cash on the same day. When applying in person, ensure that you have your government ID or driver's license; a passport will work as well. Occasionally, lenders may ask for proof of address, so take along a utility bill to the store too.
To locate the nearest payday advance loan storefront, please navigate to the list below and search for your city.
Payday Loan Direct Lender Companies in Angleton, TX
Below you will find a list of payday loan companies offering their services in Angleton, Texas. If you can't find a lender near your location in Angleton, 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 Angleton, 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.