Payday Loans in Highlands, Texas
Events happen, and we usually find ourselves in a situation where we must pay for some surprise expenses. Think about submitting an application for a cash advance loan in Highlands, Texas, to see if you meet the requirements.
The loan process is swift and straightforward. To be qualified, borrowers have to meet a couple of straightforward requirements.
What is a Payday Loan? What Can It Be Put Towards?
A cash advance loan is where the borrower will be extended a small sum of funds on a short-term contract. This is deemed to be an unsecured loan because no collateral is expected.
When surprise bills arise, like missed rent or utility fees, car bills, medical or vet bills, and so forth, individuals commonly rely upon payday advance loans.
Payday Advance Loan Criteria In Highlands, TX
In Highlands, TX, cash advance loan borrowers are required to meet several stipulations to be eligible for a loan.
The borrower has to:
- Show proof that they are a resident of Highlands, Texas
- Must be at least 18
- Have an income that they can prove that's at least $1,000/month
- Give current contact details such as phone number and email address
- Provide their SSN
If a borrower does not abide by the above criteria, they will immediately be denied a cash advance loan. Make sure you can provide the documentation required when applying.
Laws and Regulations Regarding Payday Loans in Highlands, Texas
The State of Texas has deemed cash advance lending legal. Although, they have set the below rules and laws for the payday lending market:
- A single lender cannot extend a loan greater than $600. Borrowers cannot take out greater than two unpaid loans from different lenders. There is no minimum 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 are different for each lender. The service costs charged by the lender on a cash advance loan are not considered interest. The service fees apply to each $100 borrowed 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 Highlands, TX, Perform Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we work with will complete a credit check on you, but, even if you have no credit or dismal credit, you might still be approved for a loan as long as you can show that you are able to repay the loan. Lenders are generally unbothered by your credit history if you offer proof of income and a plan to pay back the loan.
Lenders will rely on a soft credit pull, 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 inquiry, dissimilarly, must have your explicit consent. These credit checks are used for a plethora of purposes, including mortgages, credit cards, and more.
You may still be approved for a paycheck advance loan with bad credit in Highlands, TX, provided that you can prove you will repay the loan.
Therefore, when you apply for a loan, whether it is in person or online, ensure that you have your income information ready and any other documents showing that you can pay back the loan. The more proof you possess, the better chance your loan application will be approved.
When Will I Receive My Deposit in Highlands, Texas?
When you get your cash truly relies on your lender as some lenders advertise same-day paycheck advance loans, which means you will see your cash advance loan on the same day you request a loan, as long as you receive an approval.
Much of the time, though, lenders will give the borrower their lump sum on the next business day. Businesses often close for holidays and weekends. So, if you apply on a Friday, you might not see your cash until Monday.
If you're searching for a same-day payday loan in Highlands, Texas, you will need to make sure you're applying by 10:30 am. Any and all same-day funds going out that day will be approved by that cut-off. However, you should request a loan earlier than that if possible, as it will increase the likelihood that you get your money on the same day that you apply.
One more factor that you should be aware of is despite if the lender grants your loan request and posts the loan to your checking account, sometimes the bank won't release that credit right away. It's important to let your bank know that you plan to receive a paycheck advance loan, so they could possibly make an exception in releasing the funds earlier.
Overall, it's wise to prepare ahead of time to get money on the next 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 possess less than great credit or no credit and are looking to get a paycheck advance loan, consider applying with us, as you probably have a higher chance of approval.
We work with more than one hundred different lenders who provide their services online. Often you will see your loan on the following business day so ensure that you plan appropriately.
However, you can always find the closest payday loan store to you and apply in person to increase the chances of getting your cash on the same day. When requesting a loan in person, make sure that you have your government ID or driver's license; a passport will work as well. Infrequently, lenders may require proof of address, so take along 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 Highlands, TX
Below you will find a list of payday loan companies offering their services in Highlands, Texas. If you can't find a lender near your location in Highlands, 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 Highlands, 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.