Payday Loans in Garland, Texas
Events happen, and we usually end up in a place where we have to pay for some unexpected expenses. Think about applying for a payday loan in Garland, TX, to see if you meet the requirements.
The loan application process is quick and simple. To be qualified, you have to satisfy a couple of basic criteria.
What is a Cash Advance Loan? What Can It Pay For?
A payday advance loan is where the borrower will receive a petite amount of money on a short-term basis. This is considered an unsecured loan because no collateral is needed.
When unforeseen bills arise, such as past due rent or utility fees, car bills, health or vet expenditures, and so forth, individuals commonly rely upon paycheck advance loans.
Payday Loan Requirements In Garland, Texas
In Garland, TX, payday loan borrowers need to meet several stipulations to qualify for a loan.
The borrower is required to:
- Prove that they reside in Garland, Texas
- Must be 18 years old
- Receive a steady income that they can prove that's at least $1,000 per month
- Provide up-to-date contact details such as cell phone number and email address
- Provide their SSN
If a borrower does not meet the above rules, they will immediately be denied a cash advance loan. Make sure you possess the documentation required when applying.
Laws and Rules Concerning Payday Advance Loans in Garland, TX
The State of Texas has ruled payday advance lending legal. Still, they have created the following rules and regulations for the payday lending market:
- A single lender can't extend a loan for more than $600. Borrowers may not possess more than two unpaid loans from different lenders. There is no smallest loan amount.
- The minimum loan term is not determined, the longest loan term length is 31 days. In the State of Texas, borrowers are not allowed to rollover their loans.
- The fees and charges change for each money lender. The service costs charged by lenders on a cash advance loan do not fall under interest. The service fees apply to each $100 borrowed and can range between 11-15%.
- An interest rate is required to be mutually decided upon. APR can range up to 369%.
Will Payday Advance Lenders in Garland, TX, Run Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we have a relationship with will perform a credit check on you, still, even if you have no credit or poor credit, you may still be approved for a loan provided you can prove that you can pay back the loan. Lenders are generally unconcerned about your credit history if you provide proof of income and a strategy to repay the loan.
Lenders will perform a soft credit check, which will have no impact on your credit score. This is solely to get an idea of your credit history and basic information.
A hard credit inquiry, dissimilarly, must have your explicit consent. These credit inquiries are used for various purposes, such as mortgages, credit card applications, and more.
You can still qualify for a cash advance loan with imperfect credit in Garland, Texas, as long as you can prove you will repay the loan.
So, when you apply for a loan, albeit in person or online, make sure that you have your income information available and any other documents showing that you can pay back the loan. The more evidence you show, the more likely your loan application will be approved.
When Will I Get My Funds in Garland, TX?
When you receive your deposit truly relies on the lender as some lenders provide same-day paycheck advance loans, which means you will get your paycheck advance loan on the same day you request a loan, as long as you're approved.
Most of the time, however, lenders will send the borrower their lump sum on the following business day. Businesses generally 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 looking for a same-day cash advance loan in Garland, Texas, you will need to be sure that you're applying by 10:30 am. Any and all same-day funds going out that day will be approved by that deadline. However, you should apply earlier than that if able, as it will increase the likelihood that you see your funds on the day that you apply.
One other factor that you should be aware of is despite if the money lender grants your loan request and posts the loan to your checking account, sometimes the bank won't release that loan immediately. It's important to let your bank know that you plan to receive a cash advance loan, so they could possibly make an exception in releasing the cash earlier.
Overall, it's wise to prepare in advance to get cash on the next business day. That way, you're not left in the lurch if you cannot receive it on the same day.
Consider Working With PaydayLoanRadar
If you possess bad credit or no credit and are searching to secure a paycheck advance loan, think about applying through us, as you probably have a better chance of approval.
We partner with hundreds of different lenders who provide their services online. Most of the time you will receive your deposit on the following business day so ensure that you plan accordingly.
Although, you can always find the nearest cash advance loan store to you and apply in person to strengthen the chances of getting your loan on the same business day. When requesting a loan in person, make sure that you have your government ID or driver's license; a passport is sufficient. Sometimes, lenders may require proof of address, so bring a utility bill to the store as well.
To find the nearest paycheck advance loan storefront, please refer to the list below and search for your city.
Payday Loan Direct Lender Companies in Garland, TX
Below you will find a list of payday loan companies offering their services in Garland, Texas. If you can't find a lender near your location in Garland, 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 Garland, 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.