Payday Loans in Corpus Christi, Texas
Life happens, and we usually end up in a place where we must pay for some unexpected bills. Consider applying for a payday advance loan in Corpus Christi, TX, to see if you meet the requirements.
The loan application process is swift and painless. To be eligible, loan borrowers have to satisfy a few straightforward criteria.
What is a Paycheck Advance Loan? What Can It Be Put Towards?
A payday advance loan is where the borrower will get a small sum of funds on a short-term contract. This is deemed to be an unsecured personal loan because no collateral is expected.
When unexpected bills present themselves, for example late rent or utility bills, auto fixes, medical or vet bills, and so on, individuals commonly rely upon cash advance loans.
Paycheck Advance Loan Stipulations In Corpus Christi, Texas
In Corpus Christi, Texas, paycheck advance loan borrowers must satisfy several criteria to be eligible for a loan.
The borrower is required to:
- Provide proof that they reside in Corpus Christi, Texas
- Must be at least 18
- Have an income that they can prove that's at least $1,000 per month
- Give up-to-date contact information like cell phone number and email address
- Provide their SSN
If a borrower does not meet the above rules, they will automatically be denied a paycheck advance loan. Make sure you possess the documentation required when applying.
Laws and Rules Concerning Payday Loans in Corpus Christi, Texas
Texas has deemed payday lending legal. Still, they have created the below rules and laws for the payday lending industry:
- A single lender cannot offer a loan for more than $600. Borrowers are not allowed to have greater than two active loans from different lenders. There is no minimum loan amount.
- There is no minimum loan term, the maximum loan term length is 31 days. In the State of Texas, borrowers are unable to rollover their loans.
- The fees and charges vary for each loan lender. The service fees enacted by lenders on a loan do not fall under interest. The service fees apply to each $100 loaned and can range between 11-15%.
- An interest rate is required to be mutually agreed upon. APR can be as high as 369%.
Will Payday Advance Lenders in Corpus Christi, Texas, Complete 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, but, even if you have no credit or less than stellar credit, you might still be eligible for a loan given that you can show that you can pay back the loan. Lenders are commonly unconcerned about your credit history if you offer proof of income and a strategy to pay back the loan.
Lenders will rely on a soft credit pull, which will not impact your credit score. This is solely to get an idea of your credit history and basic information.
A hard credit check, alternatively, must have your explicit consent. These credit inquiries are used for a plethora of purposes, including mortgages, credit cards, and more.
You might still be approved for a payday loan with poor credit in Corpus Christi, TX, if you have proof of repayment.
Therefore, when you request a loan, whether it is in person or online, double check that you have your income information at hand and any other documents proving that you can repay the loan. The more evidence you provide, the more likely you are to be approved.
When Will I Receive My Deposit in Corpus Christi, Texas?
When you get your money truly relies on the lender as some lenders offer same-day payday loans, which means you will see your payday loan on the same day you apply, as long as you receive an approval.
Much of the time, however, lenders will give the borrower their lump sum on the following business day. Businesses often close for holidays and weekends. So, if you submit your application on a Friday, you might not receive your funds until Monday.
If you're needing a same-day payday advance loan in Corpus Christi, 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 time. However, you should submit an application earlier than that if able, as it will increase the likelihood that you see your deposit on the same day that you submit your application.
One other factor that you should understand is despite if the money lender grants your loan request and posts the credit to your checking account, sometimes the bank won't release that funds immediately. 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 cash earlier.
Overall, it's best to prepare in advance to get your deposit on the following business day. That way, you're not left in the lurch if you cannot get it on the same day.
Think About Borrowing From Us
If you have underwhelming credit or no credit and are searching to get a paycheck advance loan, think about applying with us, as you most likely have a higher chance of approval.
We work with hundreds of different lenders who provide their services online. Much of the time you will receive your loan on the next business day so make sure that you plan appropriately.
Although, you can always find the closest paycheck advance loan store to you and apply in person to increase the chances of receiving your loan on the same day. When submitting an application in person, ensure that you have your government ID or driver's license; a passport will work as well. Sometimes, lenders may require proof of address, so take along a utility bill to the store too.
To locate the nearest payday loan store, please use the list below and find your city.
Payday Loan Direct Lender Companies in Corpus Christi, TX
Below you will find a list of payday loan companies offering their services in Corpus Christi, Texas. If you can't find a lender near your location in Corpus Christi, 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 Corpus Christi, 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.