Payday Loans in Bastrop, Texas
Incidents happen, and we usually wind up in a spot where we have to pay for some unexpected bills. Consider submitting an application for a payday loan in Bastrop, Texas, to see if you qualify.
The application process is quick and simple. To qualify, you have to satisfy a couple of basic criteria.
What is a Cash Advance Loan? What Can It Be Used For?
A payday loan is where the borrower will receive a small sum of funds on a short-term agreement. This is considered an unsecured loan as no collateral is required.
When unforeseen bills arise, such as past due rent or utility costs, auto fees, medical or vet fees, and so forth, individuals commonly rely upon paycheck advance loans.
Payday Loan Requirements In Bastrop, TX
In Bastrop, Texas, cash advance loan borrowers must satisfy several stipulations to qualify for a loan.
The borrower must:
- Show proof that they are a resident of Bastrop, Texas
- Must be 18 or older
- Have an income that they can provide proof of being at least $1,000/month
- Provide current contact information such as cell phone number and email address
- Give their SSN
If a borrower does not satisfy the above requirements, they will automatically be denied a payday advance loan. Ensure that you have the documentation required when submitting your application.
Laws and Regulations Concerning Paycheck Advance Loans in Bastrop, Texas
The State of Texas has deemed cash advance lending legal. However, they have put forth the following rules and regulations for the payday advance lending market:
- An individual lender can't extend a loan for more than $600. Borrowers may not take out more than two outstanding loans from different lenders. There is no smallest loan amount.
- There is no minimum loan term, the maximum loan term length is 31 days. In Texas, borrowers are unable to rollover their loans.
- The fees and charges change for each lender. The service fees charged by the lender on each loan or transaction are not considered interest. The service fees apply to each $100 borrowed and can range between 11-15%.
- An interest rate is required to be mutually agreed upon. APR can be as high as 369%.
Will Payday Lenders in Bastrop, TX, Run Credit Checks? What If I Have Bad/No Credit History At All?
Yes, the lenders we have a relationship with will do a credit check on you, still, even if you have no credit or less than optimal credit, you might still be eligible for a loan as long as you can show that you can repay the loan. Lenders are typically unbothered by your credit if you possess proof of income and a plan to pay back the loan.
Lenders will perform a soft credit pull, which will have no impact on your credit score. This is solely to get an idea of your credit history and basic information.
A hard credit check, alternatively, must have your permission. These credit checks are performed for a variety of purposes, such as mortgages, credit card applications, and more.
You may still be approved for a cash advance loan with less than great credit in Bastrop, TX, provided that 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 ready and any other documents proving that you can pay back the loan. The more evidence you possess, the better chance you are to be approved.
When Will I Receive My Money in Bastrop, Texas?
When you receive your loan really depends on the lender as some lenders advertise same-day payday advance loans, which means you will see your payday loan on the same day you submit your application, as long as you receive an approval.
Most of the time, though, lenders will send the borrower their lump sum on the next business day. Businesses usually 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 needing a same-day payday loan in Bastrop, Texas, you will need to make sure 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 request a loan earlier than that if possible, as it will increase the likelihood that you get your loan on the day that you apply.
One more consideration that you should understand is despite if the money lender grants your loan request and posts the funds to your bank, sometimes the bank won't release that loan immediately. 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 funds earlier.
On the whole, it's wise to prepare ahead of time to receive money on the following business day. That way, you're not out of luck if you cannot receive it on the same day.
Consider Borrowing From Us
If you have less than great credit or no credit and are needing to secure a cash advance loan, consider applying with us, as you usually have a better chance of approval.
We work with more than one hundred different lenders who offer their services online. Most of the time you will get your cash on the following business day so ensure that you plan accordingly.
However, you can always locate the nearest payday advance loan storefront to you and apply in person to boost the chances of seeing your money on the same day. When requesting a loan in person, ensure that you have your government ID or driver's license; a passport will work as well. Infrequently, lenders may require proof of address, so bring a utility bill to the store too.
To locate the nearest paycheck advance loan store, please navigate to the list below and find your city.
Payday Loan Direct Lender Companies in Bastrop, TX
Below you will find a list of payday loan companies offering their services in Bastrop, Texas. If you can't find a lender near your location in Bastrop, 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 Bastrop, 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.