Payday Loans in Athens, Texas
Events happen, and we often find ourselves in a place where we have to pay for some unexpected expenses. Consider submitting an application for a payday loan in Athens, TX, to see if you qualify.
The loan application process is swift and simple. To be qualified, loan borrowers have to satisfy a few basic conditions.
What is a Payday Loan? What Can It Be Put Towards?
A paycheck advance loan is where the borrower will get a small amount of cash on a short-term agreement. This is considered an unsecured personal loan due to the fact that no collateral is expected.
When surprise expenses arise, for example missed rent or utility bills, car fees, health or vet expenditures, and so on, individuals usually turn to payday advance loans.
Payday Loan Stipulations In Athens, TX
In Athens, Texas, payday loan borrowers need to meet several stipulations to qualify for a loan.
The borrower has to:
- Provide proof that they are a resident of Athens, TX
- Must be 18 years old
- Have an income that they can prove that's at least $1,000 per month
- Provide active contact details including cell phone number and email address
- Provide their social security number
If a borrower does not abide by the above rules, they will automatically be denied a paycheck advance loan. Make sure you possess the documents needed when applying.
Laws and Rules Concerning Payday Loans in Athens, TX
The State of Texas has deemed payday lending legal. Although, they have enacted the following rules and laws for the paycheck advance lending industry:
- A single money lender can't extend a loan for more than $600. Borrowers may not possess greater than two outstanding 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 the State of Texas, borrowers may not rollover their loans.
- The fees and charges change for each loan lender. The service costs charged by lenders on a payday loan 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 settled upon. APR can be as much as 369%.
Will Cash Advance Lenders in Athens, TX, Complete Credit Checks? What If I Have Poor/No Credit History At All?
Yes, the lenders we work with will perform a credit check on you, still, even if you possess no credit or less than optimal credit, you might still be approved for a loan as long as you can prove that you can pay back the loan. Lenders are generally unbothered by your credit if you offer proof of income and a strategy to pay back the loan.
Lenders will perform a soft credit pull, which will have no impact on your credit score. This is only to get an idea of your credit history and basic information.
A hard credit inquiry, dissimilarly, requires your permission. These credit pulls are done for various purposes, including mortgages, credit cards, and more.
You may still qualify for a paycheck advance loan with less than great credit in Athens, Texas, as long as 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 available and any other documents verifying that you can pay back the loan. The more proof you show, the more likely your loan application will be approved.
When Will I See My Funds in Athens, TX?
When you see your deposit truly depends on your lender as some lenders advertise same-day cash advance loans, which means you will see your cash advance loan on the same day you apply, as long as you're approved.
Most of the time, however, lenders will send the borrower their lump sum on the following business day. Businesses generally close for holidays and weekends. So, if you submit your application on a Friday, you might not receive your cash until Monday.
If you're needing a same-day payday loan in Athens, TX, you will need to ensure you're applying by 10:30 am. Any and all same-day funds going out that day will be approved by that cut-off. However, you should apply earlier than that if able, as it will boost the likelihood that you receive your funds on the day that you apply.
One other factor that you should understand is despite if the lender approves your application and posts the deposit to your bank, sometimes the bank won't release that credit at that time. It's paramount that you let your bank know that you plan to get a payday loan, so they could possibly make an exception in releasing the money earlier.
On the whole, it's wise to prepare in advance to receive money on the following business day. That way, you're not left in the lurch if you cannot get it on the same day.
Think About Borrowing From PaydayLoanRadar
If you possess bad credit or no credit and are looking to secure a paycheck advance loan, think about applying through us, as you frequently have a better chance of approval.
We work with more than one hundred different lenders who provide their services online. Most of the time you will get your loan on the next business day so ensure that you plan accordingly.
Although, you can always find the nearest payday advance loan storefront to you and apply in person to boost the chances of seeing your cash on the same day. When submitting an application in person, make sure that you have your government ID or driver's license; a passport will work as well. Occasionally, lenders may require proof of address, so bring a utility bill to the store as well.
To find the nearest cash advance loan store, please refer to the list below and find your city.
Payday Loan Direct Lender Companies in Athens, TX
Below you will find a list of payday loan companies offering their services in Athens, Texas. If you can't find a lender near your location in Athens, 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 Athens, 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.