Payday Loans in Dallas, Texas
Life happens, and we usually find ourselves in a situation where we must pay for some surprise bills. Consider submitting an application for a payday loan in Dallas, TX, to see if you are eligible.
The application process is quick and straightforward. To be eligible, loan borrowers must meet a few basic requirements.
What is a Payday Advance Loan? What Can It Pay For?
A payday loan is where the borrower will get a petite amount of funds on a short-term agreement. This is thought of as an unsecured personal loan because no collateral is expected.
When unforeseen bills come up, such as late rent or utility bills, car fixes, health or vet fees, and so on, individuals frequently seek out cash advance loans.
Paycheck Advance Loan Stipulations In Dallas, Texas
In Dallas, Texas, payday loan borrowers need to satisfy several requirements to qualify for a loan.
The borrower must:
- Show proof that they are a resident of Dallas, TX
- Must be 18 years old
- Have a steady income that they can prove that's at least $1,000 per month
- Provide current contact details including cell phone number and email address
- Provide their SSN
If a borrower does not abide by the above criteria, they will automatically be denied a cash advance loan. Make sure you possess the documents required when applying.
Laws and Regulations Regarding Paycheck Advance Loans in Dallas, Texas
The State of Texas has ruled paycheck advance lending legal. Still, they have created the following rules and laws for the payday lending market:
- A single lender can't offer a loan for more than $600. Borrowers cannot have greater than two outstanding loans from different lenders. There is no smallest loan amount.
- The minimum loan term is not set, the maximum loan term length is 31 days. In Texas, borrowers may not rollover their loans.
- The fees and charges change for each money lender. The service fees enacted by lenders on a payday loan are not considered interest. The service fees apply to each $100 borrowed and can vary from 11% up to 15%.
- An interest rate must be mutually settled upon. APR can range up to 369%.
Will Cash Advance Lenders in Dallas, Texas, Complete Credit Checks? What If I Have Poor/No Credit History At All?
Yes, the lenders we work with will complete a credit check on you, still, even if you possess no credit or less than stellar 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 commonly unbothered by your credit history if you offer proof of income and a strategy to pay back the loan.
Lenders will conduct a soft credit inquiry, 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 pull, dissimilarly, must have your explicit consent. These credit pulls are done for a plethora of purposes, such as mortgages, credit cards, and more.
You may still qualify for a payday loan with less than great credit in Dallas, TX, provided that you can prove you will repay the loan.
So, when you request a loan, albeit in person or online, ensure that you have your income information ready and any other documents showing that you can pay back the loan. The more evidence you have, the more likely your loan request will be granted.
When Will I Get My Loan in Dallas, TX?
When you get your money really relies on the lender as some lenders offer same-day payday advance loans, which means you will get your payday loan on the same day you submit your application, as long as you get an approval.
Much of the time, however, lenders will give the borrower their lump sum on the next business day. Businesses often close for holidays and weekends. So, if you submit your application on a Friday, you might not receive your money until Monday.
If you're looking for a same-day paycheck advance loan in Dallas, TX, you will need to make sure you're applying by 10:30 am. All same-day payments going out that day will be approved by that deadline. However, you should apply earlier than that if possible, as it will increase the likelihood that you see your money on the same day that you apply.
One other factor that you should know is despite if the money lender grants your loan request and posts the loan to your bank, occasionally the bank won't release that funds 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 funds earlier.
Overall, it's wise to prepare in advance to get money on the next business day. That way, you're not left in the lurch if you cannot get it on the same day.
Consider Borrowing From Us
If you have underwhelming credit or no credit and are searching to get a paycheck advance loan, consider applying with us, as you usually have a higher chance of approval.
We work with more than one hundred different lenders who offer their services online. Often you will receive your cash on the following business day so ensure that you plan accordingly.
Although, you can always find the nearest paycheck advance loan store to you and apply in person to boost the chances of receiving your money on the same day. When requesting a loan in person, make sure that you have your government ID or driver's license; a passport will work as well. Now and again, lenders may ask for proof of address, so bring a utility bill to the store as well.
To locate the nearest payday loan store, please use the list below and locate your city.
Payday Loan Direct Lender Companies in Dallas, TX
Below you will find a list of payday loan companies offering their services in Dallas, Texas. If you can't find a lender near your location in Dallas, 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 Dallas, 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.