Payday Loans in Big Spring, Texas
Events happen, and we usually end up in a place where we must cover some unexpected costs. Consider applying for a cash advance loan in Big Spring, Texas, to see if you qualify.
The loan request process is quick and effortless. To be eligible, loan borrowers have to satisfy a few general conditions.
What is a Paycheck Advance Loan? What Can It Cover?
A payday advance loan is where the borrower will get a petite amount of funds on a short-term agreement. This is deemed to be an unsecured personal loan because no collateral is expected.
When surprise bills arise, for example missed rent or utility bills, auto fixes, health or vet bills, and so forth, people usually rely upon paycheck advance loans.
Payday Loan Stipulations In Big Spring, Texas
In Big Spring, TX, cash advance loan borrowers are required to meet several stipulations to qualify for a loan.
The borrower must:
- Show proof that they are a resident of Big Spring, TX
- Must be 18 years of age
- Have a steady income that they can provide proof of being at least $1,000/month
- Provide current contact details including phone number and email address
- Give their SSN
If a borrower does not abide by the above rules, they will automatically be denied a paycheck advance loan. Ensure that you possess the documentation required when applying for a loan.
Laws and Regulations Concerning Paycheck Advance Loans in Big Spring, TX
Texas has ruled cash advance lending legal. Still, they have enacted the following rules and laws for the cash advance lending industry:
- A single money lender cannot offer a loan for more than $600. Borrowers cannot have more than two active loans from different lenders. There is no minimum loan amount.
- The minimum loan term is not set, the longest loan term length is 31 days. In Texas, borrowers may not rollover their loans.
- The fees and charges change for each lender. The service fees charged by lenders on a loan are not considered interest. The service fees apply to every $100 loaned and can vary between 11-15%.
- An interest rate must be mutually decided upon. APR can be as high as 369%.
Will Cash Advance Lenders in Big Spring, TX, Complete Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we work with will complete a credit check on you, but, even if you possess no credit or less than stellar credit, you may still be eligible for a loan given that you can show that you are able to pay back the loan. Lenders are usually unbothered by your credit if you possess proof of income and a plan to repay the loan.
Lenders will rely on a soft credit check, which will have no impact on your credit score. This is solely to get a look at your credit history and general information.
A hard credit check, on the other hand, requires your explicit consent. These credit checks are used for a plethora of purposes, such as mortgages, credit card applications, and more.
You might still qualify for a payday loan with bad credit in Big Spring, TX, as long as you have proof of repayment.
So, when you request a loan, albeit in person or online, ensure that you have your income information available and any other documents showing that you can pay back the loan. The more proof you possess, the more likely your loan application will be approved.
When Will I See My Cash in Big Spring, TX?
When you receive your money really depends on your lender as some lenders advertise same-day payday loans, which means you will receive your payday advance loan on the same day you request a loan, as long as you receive an approval.
Much of the time, though, lenders will give the borrower their lump sum on the next business day. Businesses generally close for holidays and weekends. Therefore, if you apply on a Friday, you may not get your money until Monday.
If you're wanting a same-day payday advance loan in Big Spring, 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 deadline. However, you should submit an application 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 other consideration that you should be aware of is even if the money lender approves your application and posts the credit to your checking account, occasionally the bank won't release that deposit at that time. It's paramount that you let your bank know that you plan to get a cash advance loan, so they might make an exception in releasing the loan earlier.
Overall, it's best to prepare ahead of time to receive money on the following business day. That way, you're not surprised if you cannot get it on the same day.
Think About Working With Us
If you possess poor credit or no credit and are looking to secure a payday loan, consider applying through us, as you frequently have a better chance of approval.
We work with over one hundred different lenders who provide their services online. Much of the time you will receive your money on the following business day so ensure that you plan correctly.
Although, you can always locate the nearest paycheck advance loan store to you and apply in person to strengthen the chances of seeing your money 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. Infrequently, lenders may require proof of address, so take along a utility bill to the store as well.
To find the nearest cash advance loan store, please navigate to the list below and search for your city.
Payday Loan Direct Lender Companies in Big Spring, TX
Below you will find a list of payday loan companies offering their services in Big Spring, Texas. If you can't find a lender near your location in Big Spring, 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 Big Spring, 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.