Payday Loans in Eagle Pass, Texas
Events happen, and we usually wind up in a spot where we have to cover some unforeseen costs. Think about applying for a payday loan in Eagle Pass, Texas, to see if you qualify.
The loan request process is fast and effortless. To qualify, you have to satisfy a couple of basic requirements.
What is a Payday Advance Loan? What Can It Cover?
A paycheck advance loan is where the borrower will get a petite sum of money on a short-term basis. This is considered an unsecured loan as no collateral is expected.
When unexpected expenses come up, like late rent or utility fees, car costs, health or vet expenditures, and so on, people commonly rely upon payday loans.
Payday Advance Loan Stipulations In Eagle Pass, TX
In Eagle Pass, TX, payday advance loan borrowers are required to meet a few requirements to qualify for a loan.
The borrower is required to:
- Prove that they reside in Eagle Pass, Texas
- Must be at least 18
- Receive an income that they can provide proof of being at least $1,000 per month
- Provide up-to-date contact information like cell phone number and email address
- Provide their social security number
If a borrower does not abide by the above requirements, they will automatically be denied a paycheck advance loan. Ensure that you possess the documents required when requesting a loan.
Laws and Rules Concerning Payday Advance Loans in Eagle Pass, Texas
Texas has ruled payday lending legal. However, they have put forth the below rules and regulations for the paycheck advance lending market:
- A single money lender cannot extend a loan in excess of $600. Borrowers may not take out more than two outstanding loans from different lenders. There is no smallest loan amount.
- The minimum loan term is not set, the longest loan term length is 31 days. In the State of Texas, borrowers cannot rollover their loans.
- The fees and charges are different for each loan lender. The service costs charged by lenders on a cash advance loan are not considered interest. The service fees apply to each $100 borrowed and can range from 11% up to 15%.
- An interest rate must be mutually settled upon. APR can be as much as 369%.
Will Payday Advance Lenders in Eagle Pass, TX, Complete Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we have a relationship with will run a credit check on you, but, even if you have no credit or less than optimal credit, you might still be eligible for a loan given that you can prove that you are able to repay the loan. Lenders are typically unconcerned about your credit if you offer proof of income and a plan 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 check, alternatively, must have your permission. These credit pulls are performed for various purposes, including mortgages, credit cards, and more.
You can still be approved for a payday loan with less than great credit in Eagle Pass, Texas, provided that you have proof of repayment.
So, when you apply, albeit in person or online, double check that you have your income information at hand and any other documents verifying that you can repay the loan. The more proof you possess, the more likely your loan application will be approved.
When Will I See My Deposit in Eagle Pass, TX?
When you receive your deposit really depends on the lender as some lenders offer same-day cash advance loans, which means you will get your cash advance loan on the same day you request a loan, as long as you're approved.
Much of the time, though, lenders will give the borrower their lump sum on the following business day. Businesses often close for holidays and weekends. Because of this, if you submit your application on a Friday, you may not see your funds until Monday.
If you're needing a same-day payday loan in Eagle Pass, TX, 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 apply earlier than that if possible, as it will increase the likelihood that you see your deposit on the day that you submit your application.
One additional factor that you should be aware of is even if the money lender grants your loan request and posts the funds to your checking account, sometimes the bank won't release that loan at that time. It's paramount that you let your bank know that you plan to receive a paycheck advance loan, so they might make an exception in releasing the deposit earlier.
Overall, it's best to prepare ahead of time to get your deposit on the following business day. That way, you're not out of luck if you cannot receive it on the same day.
Consider Borrowing From PaydayLoanRadar
If you have underwhelming credit or no credit and are looking to get a cash advance loan, consider applying with us, as you frequently have a higher chance of approval.
We work with more than one hundred different lenders who provide their services online. Frequently you will see your loan on the following business day so ensure that you plan accordingly.
However, you can always find the closest paycheck advance loan store to you and apply in person to boost the chances of receiving your money on the same business day. When requesting a loan in person, ensure that you have your government ID or driver's license; a passport will work as well. Occasionally, lenders may ask for proof of address, so take along a utility bill to the store too.
To locate the nearest paycheck advance loan store, please navigate to the list below and locate your city.
Payday Loan Direct Lender Companies in Eagle Pass, TX
Below you will find a list of payday loan companies offering their services in Eagle Pass, Texas. If you can't find a lender near your location in Eagle Pass, 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 Eagle Pass, 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.