Payday Loans in Fresno, Texas
Incidents happen, and we often end up in a situation where we have to cover some unexpected costs. Consider applying for a payday loan in Fresno, TX, to see if you are eligible.
The loan request process is swift and effortless. To be qualified, borrowers must meet a few basic requirements.
What is a Paycheck Advance Loan? What Can It Cover?
A payday loan is where the borrower will be extended a small sum of money on a short-term basis. This is deemed to be an unsecured loan because no collateral is needed.
When unexpected expenses come up, like late rent or utility costs, car bills, medical or vet bills, and so on, individuals frequently rely upon paycheck advance loans.
Cash Advance Loan Stipulations In Fresno, TX
In Fresno, TX, cash advance loan borrowers must meet several requirements to qualify for a loan.
The borrower must:
- Provide proof that they are a resident of Fresno, TX
- Must be at least 18
- Have a steady income that they can provide proof of being at least $1,000 per month
- Provide up-to-date contact details such as cell phone number and email address
- Provide their social security number
If a borrower does not satisfy the above rules, they will immediately be denied a paycheck advance loan. Make sure you can provide the documents needed when applying for a loan.
Laws and Rules Regarding Cash Advance Loans in Fresno, Texas
Texas has deemed payday advance lending legal. However, they have set the below rules and laws for the cash advance lending industry:
- A single money lender can't offer a loan for more than $600. Borrowers cannot take out greater than two outstanding loans from different lenders. There is no smallest loan amount.
- There is no minimum loan term, the maximum loan term length is 31 days. In Texas, borrowers are not allowed to rollover their loans.
- The fees and charges change for each lender. The service fees enacted by the lender on a cash advance loan are not considered interest. The service fees apply to each $100 loaned and can vary from 11% up to 15%.
- An interest rate must be mutually settled upon. APR can be as high as 369%.
Will Paycheck Advance Lenders in Fresno, Texas, Perform Credit Checks? What If I Have Poor/No Credit History At All?
Yes, the lenders we have a relationship with will complete a credit check on you, but, even if you possess no credit or dismal credit, you might still be approved for a loan as long as you can prove that you are able to repay the loan. Lenders are commonly unconcerned about your credit history if you provide proof of income and a plan to pay back the loan.
Lenders will perform a soft credit check, 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 inquiry, on the other hand, must have your explicit consent. These credit checks are performed for a variety of purposes, such as mortgages, credit cards, and more.
You might still be approved for a paycheck advance loan with poor credit in Fresno, TX, as long as you have proof of repayment.
Therefore, when you apply for a loan, albeit in person or online, double check that you have your income information ready and any other documents proving that you can repay the loan. The more proof you provide, the more likely you are to be approved.
When Will I See My Funds in Fresno, TX?
When you receive your loan truly relies on your lender as some lenders advertise same-day cash advance loans, which means you will receive your cash advance loan on the same day you apply, as long as you receive an approval.
Much of the time, though, lenders will send the borrower their lump sum on the next business day. Businesses typically close for holidays and weekends. Because of this, if you submit your application on a Friday, you might not receive your cash until Monday.
If you're looking for a same-day payday loan in Fresno, Texas, you will need to make sure you're applying by 10:30 am. All same-day loans going out that day will be approved by that cut-off. However, you should request a loan earlier than that if able, as it will increase the likelihood that you receive your money on the day that you submit your application.
One more consideration that you should be aware of is despite if the lender approves your application and posts the credit to your bank, occasionally the bank won't release that loan right away. It's vital that you let your bank know that you plan to get a cash advance loan, so they might make an exception in releasing the money earlier.
Overall, it's best to prepare ahead of time to receive cash on the following business day. That way, you're not left in the lurch if you cannot get it on the same day.
Consider Working With Us
If you have underwhelming credit or no credit and are searching to secure a paycheck advance loan, think about applying through us, as you most likely have a better chance of approval.
We work with over one hundred different lenders who offer their services online. Most of the time you will get your loan on the next business day so ensure that you plan correctly.
However, you can always locate the nearest cash advance loan store to you and apply in person to increase the chances of getting 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. Now and again, lenders may ask for proof of address, so bring a utility bill to the store as well.
To find the nearest payday loan storefront, please refer to the list below and find your city.
Payday Loan Direct Lender Companies in Fresno, TX
Below you will find a list of payday loan companies offering their services in Fresno, Texas. If you can't find a lender near your location in Fresno, 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 Fresno, 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.