Payday Loans in Harlingen, Texas
Things happen, and we usually wind up in a place where we must pay for some unexpected bills. Consider applying for a cash advance loan in Harlingen, TX, to see if you are eligible.
The application process is quick and straightforward. To qualify, you have to satisfy a few basic criteria.
What is a Paycheck Advance Loan? What Can It Be Used For?
A paycheck advance loan is where the borrower will receive a petite amount of cash on a short-term basis. This is thought of as an unsecured personal loan because no collateral is expected.
When surprise expenses come up, for example missed rent or utility costs, vehicle bills, medical or vet fees, and so forth, people commonly rely upon paycheck advance loans.
Cash Advance Loan Stipulations In Harlingen, Texas
In Harlingen, Texas, cash advance loan borrowers are required to meet several stipulations to be eligible for a loan.
The borrower is required to:
- Show proof that they reside in Harlingen, Texas
- Must be at least 18
- Have a steady income that they can prove that's at least $1,000 per month
- Give up-to-date contact information like 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 payday loan. Make sure you have the documentation needed when requesting a loan.
Laws and Rules Regarding Cash Advance Loans in Harlingen, TX
The State of Texas has ruled cash advance lending legal. However, they have created the following rules and laws for the paycheck advance lending industry:
- A single money lender cannot extend a loan greater than $600. Borrowers cannot possess more than two active loans from different lenders. There is no minimum loan amount.
- The minimum loan term is not set, the longest loan term length is 31 days. In Texas, borrowers may not rollover their loans.
- The fees and charges vary for each money lender. The service costs charged by the lender on a payday loan are not considered interest. The service fees apply to each $100 loaned and can vary from 11% up to 15%.
- An interest rate is required to be mutually decided upon. APR can be as much as 369%.
Will Cash Advance Lenders in Harlingen, Texas, 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, still, even if you possess no credit or less than optimal credit, you might still be eligible for a loan as long as you can prove that you can repay the loan. Lenders are usually unconcerned about your credit if you possess 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 an idea of your credit history and general information.
A hard credit pull, on the other hand, must have your permission. These credit checks are used for a plethora of purposes, including mortgages, credit card applications, and more.
You can still be approved for a paycheck advance loan with poor credit in Harlingen, TX, as long as you have proof of repayment.
Therefore, when you apply, whether it is in person or online, double check that you have your income information at hand and any other documents proving that you can repay the loan. The more evidence you provide, the more likely you are to be approved.
When Will I Receive My Loan in Harlingen, Texas?
When you receive your loan truly relies on your lender as some lenders advertise same-day payday loans, which means you will get your cash advance loan on the same day you apply, as long as you're approved.
Most of the time, though, lenders will give the borrower their lump sum on the next business day. Businesses generally close for holidays and weekends. Therefore, if you apply on a Friday, you may not receive your deposit until Monday.
If you're searching for a same-day paycheck advance loan in Harlingen, 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 cut-off. However, you should submit an application earlier than that if able, as it will increase the likelihood that you receive your loan on the day that you submit your application.
One other consideration that you should understand is despite if the money lender approves your application and posts the credit to your checking account, sometimes the bank won't release that credit immediately. It's vital that you let your bank know that you plan to get a payday advance loan, so they might make an exception in releasing the deposit earlier.
On the whole, it's wise to prepare in advance 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 Borrowing From Us
If you possess underwhelming credit or no credit and are wanting to get a payday loan, think about applying through us, as you usually have a higher chance of approval.
We work with more than one hundred different lenders who offer their services online. Most of the time you will get your loan on the next business day so make sure that you plan accordingly.
Although, you can always locate the closest payday advance loan storefront to you and apply in person to boost the chances of receiving your funds on the same business day. When submitting an application in person, ensure that you have your government ID or driver's license; a passport will work as well. Sometimes, lenders may require proof of address, so bring a utility bill to the store as well.
To locate the nearest payday loan storefront, please use the list below and find your city.
Payday Loan Direct Lender Companies in Harlingen, TX
Below you will find a list of payday loan companies offering their services in Harlingen, Texas. If you can't find a lender near your location in Harlingen, 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 Harlingen, 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.