Payday Loans in Harker Heights, Texas
Things happen, and we usually end up in a situation where we have to cover some unforeseen bills. Consider applying for a payday loan in Harker Heights, TX, to see if you qualify.
The application process is quick and painless. To be qualified, you must meet a couple of general conditions.
What is a Paycheck Advance Loan? What Can It Be Put Towards?
A cash advance loan is where the borrower will receive a petite amount of money on a short-term contract. This is considered an unsecured loan as no collateral is required.
When unforeseen bills come up, such as past due rent or utility fees, car costs, health or vet payments, and so forth, individuals often rely upon payday loans.
Cash Advance Loan Stipulations In Harker Heights, Texas
In Harker Heights, TX, cash advance loan borrowers must meet a few requirements to qualify for a loan.
The borrower is required to:
- Prove that they live in Harker Heights, Texas
- Must be at least 18
- Have a steady stream of income that they can provide proof of being at least $1,000/month
- Give current contact details like phone number and email address
- Give their SSN
If a borrower does not meet the above requirements, they will automatically be denied a payday advance loan. Make sure you can provide the documents needed when applying for a loan.
Laws and Regulations Regarding Payday Loans in Harker Heights, TX
The State of Texas has deemed payday lending legal. Although, they have put forth the below rules and laws for the paycheck advance lending industry:
- An individual money lender cannot offer a loan greater than $600. Borrowers are not allowed to have more than two active loans from different lenders. There is no smallest loan amount.
- There is no minimum loan term, the longest loan term length is 31 days. In Texas, borrowers are unable to rollover their loans.
- The fees and charges vary for each loan lender. The service costs enacted by the lender on a payday loan are not considered interest. The service fees apply to every $100 loaned and can range between 11-15%.
- An interest rate must be mutually decided upon. APR can range up to 369%.
Will Cash Advance Lenders in Harker Heights, TX, Run Credit Checks? What If I Have Bad/No Credit History At All?
Yes, the lenders we work with will do a credit check on you, but, even if you possess no credit or poor credit, you may still be eligible for a loan as long as you can prove that you are able to pay back the loan. Lenders are typically unconcerned about your credit if you possess proof of income and a plan to pay back the loan.
Lenders will conduct a soft credit check, which will not impact your credit score. This is simply to get an idea of your credit history and basic information.
A hard credit inquiry, alternatively, needs your permission. These credit pulls are used for a variety of purposes, including mortgages, credit card applications, and more.
You can still be approved for a cash advance loan with less than great credit in Harker Heights, TX, as long as you have proof of repayment.
Therefore, when you request a loan, albeit in person or online, make sure that you have your income information ready and any other documents verifying that you can repay the loan. The more proof you show, the more likely your loan application will be approved.
When Will I Get My Deposit in Harker Heights, TX?
When you receive your loan actually relies on the lender as some lenders offer same-day cash advance loans, which means you will see your payday loan on the same day you apply, as long as you get an approval.
Most of the time, though, lenders will give the borrower their lump sum on the next business day. Businesses usually close for holidays and weekends. Therefore, if you submit your application on a Friday, you might not get your cash until Monday.
If you're wanting a same-day paycheck advance loan in Harker Heights, Texas, you will need to ensure you're applying by 10:30 am. All same-day loans going out that day will be approved by that time. However, you should apply earlier than that if able, as it will boost the likelihood that you receive your funds on the day that you apply.
One other consideration that you should know is despite if the money lender grants your loan request and posts the deposit to your checking account, occasionally the bank won't release that credit immediately. It's vital that you let your bank know that you plan to receive a payday loan, so they could possibly make an exception in releasing the loan earlier.
On the whole, it's wise to prepare in advance to get money on the following business day. That way, you're not left in the lurch if you cannot receive it on the same day.
Think About Working With Us
If you have less than great credit or no credit and are needing to get a payday advance loan, consider applying through us, as you usually have a better chance of approval.
We partner with more than one hundred different lenders who provide their services online. Most of the time you will see your cash on the next business day so make sure that you plan accordingly.
However, you can always locate the nearest payday loan storefront to you and apply in person to increase the chances of getting your money on the same day. When submitting an application in person, ensure that you have your government ID or driver's license; a passport is sufficient. Sometimes, lenders may ask for proof of address, so bring a utility bill to the store too.
To find the nearest paycheck advance loan store, please use the list below and locate your city.
Payday Loan Direct Lender Companies in Harker Heights, TX
Below you will find a list of payday loan companies offering their services in Harker Heights, Texas. If you can't find a lender near your location in Harker Heights, 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 Harker Heights, 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.