Payday Loans in Colleyville, Texas
Events happen, and we usually end up in a place where we must pay for some unforeseen costs. Consider applying for a paycheck advance loan in Colleyville, Texas, to see if you qualify.
The loan process is quick and effortless. To be eligible, you have to meet a couple of general conditions.
What is a Cash Advance Loan? What Can It Be Put Towards?
A cash advance loan is where the borrower will get a petite sum of money on a short-term basis. This is considered an unsecured personal loan because no collateral is needed.
When surprise bills arise, such as late rent or utility payments, car bills, medical or vet bills, and so on, people frequently rely upon payday advance loans.
Cash Advance Loan Requirements In Colleyville, Texas
In Colleyville, Texas, paycheck advance loan borrowers are required to satisfy several criteria to be eligible for a loan.
The borrower is required to:
- Show proof that they reside in Colleyville, Texas
- Must be 18 years old
- Have a steady stream of income that they can provide proof of being at least $1,000 per month
- Give active contact details such as cell phone number and email address
- Provide their social security number
If a borrower does not meet the above requirements, they will immediately be denied a cash advance loan. Make sure you can provide the documents required when applying for a loan.
Laws and Regulations Concerning Payday Advance Loans in Colleyville, TX
Texas has ruled cash advance lending legal. Although, they have enacted the following rules and laws for the paycheck advance lending industry:
- A single money lender can't 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 are not allowed to rollover their loans.
- The fees and charges are different for each loan lender. The service costs charged by lenders on a loan are not considered interest. The service fees apply to every $100 borrowed and can vary from 11% up to 15%.
- An interest rate must be mutually settled upon. APR can be as much as 369%.
Will Cash Advance Lenders in Colleyville, Texas, Perform Credit Checks? What If I Have Bad/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 dismal credit, you may still be eligible for a loan as long as you can show that you can repay the loan. Lenders are generally unconcerned about 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 not impact your credit score. This is solely to get an idea of your credit history and general information.
A hard credit pull, alternatively, needs your permission. These credit pulls are done for a variety of purposes, including mortgages, credit card applications, and more.
You may still be approved for a cash advance loan with poor credit in Colleyville, TX, provided that you have proof of repayment.
So, when you apply for a loan, whether it is in person or online, make sure that you have your income information available and any other documents proving that you can pay back the loan. The more proof you have, the better chance your loan request will be granted.
When Will I See My Cash in Colleyville, Texas?
When you receive your funds really depends on the lender as some lenders provide same-day paycheck advance loans, which means you will receive your paycheck advance loan on the same day you request a loan, as long as you receive an approval.
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. So, if you submit your application on a Friday, you might not see your cash until Monday.
If you're wanting a same-day cash advance loan in Colleyville, Texas, you will need to ensure you're applying by 10:30 am. Any and all same-day loans going out that day will be approved by that deadline. However, you should submit an application earlier than that if possible, as it will increase the likelihood that you see your loan on the same day that you apply.
One additional factor that you should be aware of is even if the lender grants your loan request and posts the credit to your bank, sometimes the bank won't release that loan right away. It's important to let your bank know that you plan to get a paycheck advance loan, so they could possibly make an exception in releasing the deposit earlier.
Overall, it's wise to prepare in advance to receive your deposit on the next business day. That way, you're not left in the lurch if you cannot receive it on the same day.
Think About Borrowing From PaydayLoanRadar
If you possess poor credit or no credit and are wanting to get a paycheck advance loan, consider applying through us, as you frequently have a better chance of approval.
We partner with more than one hundred different lenders who offer their services online. Frequently you will get your deposit on the next business day so ensure that you plan appropriately.
Although, you can always find the closest payday loan store to you and apply in person to strengthen the chances of receiving your cash 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. Now and again, lenders may require proof of address, so bring a utility bill to the store too.
To find the nearest paycheck advance loan store, please use the list below and locate your city.
Payday Loan Direct Lender Companies in Colleyville, TX
Below you will find a list of payday loan companies offering their services in Colleyville, Texas. If you can't find a lender near your location in Colleyville, 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 Colleyville, 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.