Payday Loans in College Station, Texas
Things happen, and we often end up in a spot where we must pay for some unforeseen bills. Consider submitting an application for a payday loan in College Station, TX, to see if you are eligible.
The loan process is fast and effortless. To be eligible, you must meet a couple of straightforward requirements.
What is a Paycheck Advance Loan? What Can It Pay For?
A paycheck advance loan is where the borrower will get a small amount of funds on a short-term contract. This is deemed to be an unsecured personal loan because no collateral is expected.
When unexpected costs arise, such as missed rent or utility bills, car repairs, health or vet costs, and so on, individuals frequently turn to cash advance loans.
Cash Advance Loan Requirements In College Station, Texas
In College Station, Texas, paycheck advance loan borrowers must meet a few criteria to be eligible for a loan.
The borrower has to:
- Provide proof that they live in College Station, TX
- Must be 18 years of age
- Receive 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 social security number
If a borrower does not meet the above criteria, they will immediately be denied a payday advance loan. Ensure that you can provide the documents required when applying.
Laws and Regulations Concerning Payday Loans in College Station, TX
Texas has ruled cash advance lending legal. Although, they have set the below rules and regulations for the paycheck advance lending market:
- A single money lender cannot extend a loan greater than $600. Borrowers are not allowed to possess more than two unpaid loans from different lenders. There is no smallest loan amount.
- The minimum loan term is not determined, the longest loan term length is 31 days. In Texas, borrowers are not allowed to rollover their loans.
- The fees and charges vary for each loan lender. The service costs charged by lenders on a payday loan do not fall under interest. The service fees apply to each $100 loaned and can vary between 11-15%.
- An interest rate must be mutually settled upon. APR can be as much as 369%.
Will Payday Advance Lenders in College Station, TX, Perform Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we work with will perform a credit check on you, still, even if you possess no credit or less than optimal credit, you might still be approved for a loan as long as you can show that you are able to pay back the loan. Lenders are generally unconcerned about your credit history if you offer proof of income and a strategy to repay the loan.
Lenders will use a soft credit pull, which will have no impact on your credit score. This is only to get a feel of your credit history and basic information.
A hard credit check, on the other hand, requires your permission. These credit checks are done for a plethora of purposes, such as mortgages, credit cards, and more.
You may still be approved for a paycheck advance loan with less than great credit in College Station, Texas, if 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 ready and any other documents proving that you can repay the loan. The more evidence you provide, the more likely your loan request will be granted.
When Will I See My Cash in College Station, TX?
When you receive your funds actually depends on the lender as some lenders offer same-day cash advance loans, which means you will see 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 following business day. Businesses generally close for holidays and weekends. So, if you apply on a Friday, you might not see your cash until Monday.
If you're needing a same-day payday loan in College Station, Texas, you will need to ensure you're applying by 10:30 am. Any and all same-day deposits going out that day will be approved by that cut-off. However, you should submit an application earlier than that if possible, as it will boost the likelihood that you get your money on the day that you apply.
One more factor that you should know is even if the lender approves your application and posts the credit to your checking account, occasionally the bank won't release that credit right away. It's vital that you let your bank know that you plan to receive a paycheck advance loan, so they could possibly make an exception in releasing the money earlier.
On the whole, it's best to prepare in advance to get money 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 have underwhelming credit or no credit and are wanting to get a payday advance loan, consider applying with us, as you usually have a higher chance of approval.
We partner with hundreds of different lenders who provide their services online. Much of the time you will see your funds on the following business day so ensure that you plan accordingly.
Although, you can always find the nearest paycheck advance loan storefront to you and apply in person to increase the chances of receiving your cash on the same business day. When requesting a loan in person, make sure that you have your government ID or driver's license; a passport is sufficient. Infrequently, lenders may request proof of address, so take along a utility bill to the store too.
To find the nearest payday advance loan storefront, please refer to the list below and locate your city.
Payday Loan Direct Lender Companies in College Station, TX
Below you will find a list of payday loan companies offering their services in College Station, Texas. If you can't find a lender near your location in College Station, 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 College Station, 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.