Payday Loans in Bellmead, Texas
Events happen, and we often wind up in a place where we must cover some unexpected bills. Consider applying for a payday advance loan in Bellmead, Texas, to see if you are eligible.
The loan process is quick and effortless. To be eligible, loan borrowers have to meet a few general requirements.
What is a Payday Loan? What Can It Be Put Towards?
A payday loan is where the borrower will receive a small amount of funds on a short-term agreement. This is considered an unsecured loan because no collateral is needed.
When unexpected bills come up, for example missed rent or utility payments, car bills, health or vet bills, and so forth, people often rely upon cash advance loans.
Payday Advance Loan Requirements In Bellmead, TX
In Bellmead, TX, paycheck advance loan borrowers need to meet a few requirements to be eligible for a loan.
The borrower is required to:
- Show proof that they are a resident of Bellmead, Texas
- Must be 18 or older
- Have a steady stream of income that they can prove that's at least $1,000 per month
- Give up-to-date contact information such as cell phone number and email address
- Provide their SSN
If a borrower does not satisfy the above criteria, they will immediately be denied a payday advance loan. Ensure that you can provide the documentation required when requesting a loan.
Laws and Regulations Concerning Payday Loans in Bellmead, Texas
The State of Texas has deemed paycheck advance lending legal. Although, they have put forth the below rules and laws for the paycheck advance lending market:
- A single lender cannot offer a loan in excess of $600. Borrowers may not take out greater than two outstanding loans from different lenders. There is no smallest loan amount.
- The minimum loan term is not determined, the maximum loan term length is 31 days. In Texas, borrowers are unable to rollover their loans.
- The fees and charges are different for each money lender. The service fees charged by lenders on a cash advance loan are not considered interest. The service fees apply to each $100 borrowed and can vary between 11-15%.
- An interest rate is required to be mutually settled upon. APR can be as much as 369%.
Will Payday Advance Lenders in Bellmead, Texas, Run Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we partner with will run a credit check on you, still, even if you have no credit or dismal credit, you might still be eligible for a loan as long as you can prove that you are able to pay back the loan. Lenders are generally unbothered by your credit if you have proof of income and a strategy to repay the loan.
Lenders will perform a soft credit pull, which will not impact your credit score. This is simply to get a look at your credit history and general information.
A hard credit pull, on the other hand, must have your permission. These credit pulls are done for a variety of purposes, such as mortgages, credit cards, and more.
You might still qualify for a payday loan with bad credit in Bellmead, TX, provided that you can prove you will repay the loan.
So, when you apply for a loan, whether it is in person or online, make sure that you have your income information easily accessible and any other documents showing that you can repay the loan. The more proof you show, the better chance your loan request will be granted.
When Will I Get My Funds in Bellmead, TX?
When you receive your funds really depends on your lender as some lenders offer same-day payday advance loans, which means you will receive your cash advance loan on the same day you submit your application, as long as you're approved.
Much of the time, though, lenders will give the borrower their lump sum on the next business day. Businesses often close for holidays and weekends. So, if you apply on a Friday, you might not see your funds until Monday.
If you're looking for a same-day payday advance loan in Bellmead, Texas, 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 see your funds on the same day that you submit your application.
One additional consideration that you should be aware of is even if the lender grants your loan request and posts the loan to your bank account, occasionally the bank won't release that credit right away. It's important to let your bank know that you plan to receive a cash advance loan, so they might make an exception in releasing the loan earlier.
On the whole, it's wise to prepare ahead of time to get your funds on the next business day. That way, you're not surprised if you cannot get it on the same day.
Consider Working With Us
If you possess less than great credit or no credit and are searching to secure a payday advance loan, think about applying with us, as you probably have a higher chance of approval.
We partner with over one hundred different lenders who provide their services online. Much of the time you will get your funds on the next business day so make sure that you plan appropriately.
Although, you can always find the nearest payday loan storefront to you and apply in person to strengthen 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 require proof of address, so bring a utility bill to the store as well.
To locate the nearest paycheck advance loan storefront, please navigate to the list below and find your city.
Payday Loan Direct Lender Companies in Bellmead, TX
Below you will find a list of payday loan companies offering their services in Bellmead, Texas. If you can't find a lender near your location in Bellmead, 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 Bellmead, 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.