Payday Loans in Boerne, Texas
Incidents happen, and we often end up in a situation where we must cover some surprise expenses. Consider submitting an application for a payday loan in Boerne, Texas, to see if you are eligible.
The application process is swift and effortless. To be qualified, you have to meet a few straightforward requirements.
What is a Payday Loan? What Can It Be Used For?
A paycheck advance loan is where the borrower will get a small sum of cash on a short-term agreement. This is deemed to be an unsecured loan due to the fact that no collateral is needed.
When surprise costs present themselves, for example late rent or utility payments, car fixes, medical or vet bills, and so on, individuals commonly rely upon payday advance loans.
Payday Loan Criteria In Boerne, TX
In Boerne, Texas, paycheck advance loan borrowers are required to meet a few requirements to be eligible for a loan.
The borrower has to:
- Show proof that they live in Boerne, TX
- Must be 18 or older
- Receive a steady income that they can prove that's at least $1,000/month
- Provide current contact details such as phone number and email address
- Give their social security number
If a borrower does not satisfy the above criteria, they will immediately be denied a cash advance loan. Ensure that you have the documentation required when applying.
Laws and Rules Regarding Payday Loans in Boerne, TX
The State of Texas has deemed cash advance lending legal. However, they have put forth the following rules and regulations for the payday lending industry:
- An individual money lender can't extend a loan in excess of $600. Borrowers are not allowed to take out more than two unpaid 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 the State of Texas, borrowers may not rollover their loans.
- The fees and charges vary for each loan lender. The service costs enacted by lenders on a cash advance loan are not considered interest. The service fees apply to every $100 loaned and can vary between 11-15%.
- An interest rate is required to be mutually decided upon. APR can range up to 369%.
Will Cash Advance Lenders in Boerne, Texas, Perform Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we work with will do a credit check on you, still, even if you have no credit or bad credit, you may still be eligible for a loan given that you can prove that you can pay back the loan. Lenders are commonly unbothered by your credit history if you provide proof of income and a plan to pay back the loan.
Lenders will perform a soft credit pull, which will not impact your credit score. This is simply to get a feel of your credit history and general information.
A hard credit pull, dissimilarly, needs your permission. These credit inquiries are utilized for a plethora of purposes, including mortgages, credit cards, and more.
You can still qualify for a paycheck advance loan with less than great credit in Boerne, Texas, as long as you have proof of repayment.
So, when you apply, whether it is in person or online, make sure that you have your income information at hand and any other documents proving that you can pay back the loan. The more evidence you have, the more likely your loan request will be granted.
When Will I Receive My Cash in Boerne, Texas?
When you get your deposit really depends on the lender as some lenders provide same-day payday advance loans, which means you will get your payday loan on the same day you apply, as long as you're approved.
Most of the time, though, lenders will give the borrower their lump sum on the following business day. Businesses typically close for holidays and weekends. Therefore, if you submit your application on a Friday, you may not see your cash until Monday.
If you're searching for a same-day cash advance loan in Boerne, TX, you will need to ensure you're applying by 10:30 am. All same-day deposits going out that day will be approved by that time. However, you should submit an application earlier than that if possible, as it will increase the likelihood that you see your deposit on the day that you apply.
One other consideration that you should be aware of is even if the lender grants your loan request and posts the deposit to your checking account, occasionally the bank won't release that loan right away. It's important to let your bank know that you plan to receive a payday advance loan, so they could possibly make an exception in releasing the deposit earlier.
On the whole, it's wise to prepare ahead of time to get cash on the following business day. That way, you're not out of luck if you cannot get it on the same day.
Consider Working With Us
If you have underwhelming credit or no credit and are needing to get a payday advance loan, consider applying with us, as you frequently have a better chance of approval.
We work with over one hundred different lenders who provide their services online. Most of the time you will receive your cash on the following business day so ensure that you plan correctly.
Although, you can always locate the closest paycheck advance loan storefront to you and apply in person to boost the chances of getting your loan 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. Infrequently, lenders may ask for proof of address, so take along a utility bill to the store too.
To locate the nearest payday loan store, please navigate to the list below and search for your city.
Payday Loan Direct Lender Companies in Boerne, TX
Below you will find a list of payday loan companies offering their services in Boerne, Texas. If you can't find a lender near your location in Boerne, 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 Boerne, 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.