Payday Loans in Bedford, Texas
Things happen, and we often wind up in a place where we have to cover some unforeseen expenses. Consider submitting an application for a cash advance loan in Bedford, TX, to see if you are eligible.
The loan application process is fast and effortless. To qualify, loan borrowers must satisfy a couple of straightforward requirements.
What is a Paycheck Advance Loan? What Can It Be Put Towards?
A payday loan is where the borrower will be extended a small sum of cash on a short-term contract. This is thought of as an unsecured loan as no collateral is needed.
When unexpected bills present themselves, such as missed rent or utility expenditures, car fixes, medical or vet bills, and so forth, people commonly seek out payday loans.
Cash Advance Loan Requirements In Bedford, Texas
In Bedford, Texas, payday advance loan borrowers must meet several requirements to be eligible for a loan.
The borrower is required to:
- Prove that they are a resident of Bedford, Texas
- Must be 18 years of age
- Receive an income that they can provide proof of being at least $1,000 per month
- Provide up-to-date contact information like cell phone number and email address
- Give their social security number
If a borrower does not meet the above criteria, they will immediately be denied a payday loan. Make sure you can provide the documents required when applying.
Laws and Regulations Regarding Cash Advance Loans in Bedford, TX
The State of Texas has ruled payday advance lending legal. Still, they have put forth the below rules and laws for the cash advance lending market:
- A single money lender cannot offer a loan greater than $600. Borrowers may not possess more than two unpaid loans from different lenders. There is no minimum loan amount.
- There is no minimum loan term, the maximum loan term length is 31 days. In the State of Texas, borrowers cannot rollover their loans.
- The fees and charges change for each money lender. The service fees enacted by lenders on a cash advance loan are not considered interest. The service fees apply to every $100 borrowed and can vary between 11-15%.
- An interest rate must be mutually agreed upon. APR can be as high as 369%.
Will Payday Lenders in Bedford, TX, Complete Credit Checks? What If I Have Poor/No Credit History At All?
Yes, the lenders we have a relationship with will do a credit check on you, but, even if you have no credit or less than stellar credit, you may still be approved for a loan as long as you can prove that you can repay the loan. Lenders are commonly unconcerned about your credit history if you offer proof of income and a strategy to repay the loan.
Lenders will use a soft credit check, 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 pull, dissimilarly, needs your explicit consent. These credit checks are utilized for a variety of purposes, such as mortgages, credit card applications, and more.
You may still qualify for a payday loan with imperfect credit in Bedford, Texas, provided that you have proof of repayment.
Therefore, when you request a loan, albeit in person or online, make sure that you have your income information easily accessible and any other documents verifying that you can repay the loan. The more proof you have, the better chance your loan application will be approved.
When Will I Receive My Money in Bedford, Texas?
When you see your funds truly depends on the lender as some lenders offer same-day cash advance loans, which means you will receive your cash advance loan on the same day you submit your application, as long as you get an approval.
Most of the time, however, lenders will give the borrower their lump sum on the next business day. Businesses usually close for holidays and weekends. So, if you apply on a Friday, you may not get your deposit until Monday.
If you're wanting a same-day paycheck advance loan in Bedford, TX, you will need to make sure you're applying by 10:30 am. All same-day funds going out that day will be approved by that cut-off. However, you should request a loan earlier than that if able, as it will increase the likelihood that you get your funds on the day that you submit your application.
One additional factor that you should know is despite if the lender approves your application and posts the deposit to your checking account, sometimes the bank won't release that loan right away. It's paramount that you let your bank know that you plan to receive a paycheck advance loan, so they might make an exception in releasing the cash earlier.
Overall, it's best to prepare in advance to receive cash on the next business day. That way, you're not surprised if you cannot get it on the same day.
Think About Borrowing From PaydayLoanRadar
If you possess less than great credit or no credit and are searching to get a cash advance loan, consider applying with us, as you frequently have a better chance of approval.
We work with hundreds of different lenders who offer their services online. Often you will get your loan on the next business day so ensure that you plan correctly.
Although, you can always locate the nearest payday loan storefront to you and apply in person to boost the chances of getting your funds on the same business day. When submitting an application in person, ensure that you have your government ID or driver's license; a passport is sufficient. Infrequently, lenders may request proof of address, so bring a utility bill to the store as well.
To find the nearest payday loan storefront, please refer to the list below and search for your city.
Payday Loan Direct Lender Companies in Bedford, TX
Below you will find a list of payday loan companies offering their services in Bedford, Texas. If you can't find a lender near your location in Bedford, 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 Bedford, 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.