Payday Loans in Hurst, Texas
Incidents happen, and we usually end up in a situation where we have to pay for some unexpected bills. Think about submitting an application for a cash advance loan in Hurst, TX, to see if you are eligible.
The loan application process is swift and straightforward. To be eligible, borrowers have to satisfy a couple of straightforward criteria.
What is a Payday Loan? What Can It Be Put Towards?
A payday loan is where the borrower will receive a small amount of funds on a short-term basis. This is deemed to be an unsecured personal loan due to the fact that no collateral is expected.
When unexpected financial needs come up, such as past due rent or utility fees, vehicle costs, health or vet costs, and so forth, people usually turn to payday loans.
Payday Advance Loan Requirements In Hurst, TX
In Hurst, Texas, payday advance loan borrowers are required to satisfy several requirements to qualify for a loan.
The borrower is required to:
- Provide proof that they live in Hurst, TX
- Must be at least 18
- Have an income that they can prove that's at least $1,000/month
- Provide up-to-date contact details including phone number and email address
- Give their social security number
If a borrower does not satisfy the above requirements, they will automatically be denied a payday advance loan. Ensure that you possess the documentation required when submitting your application.
Laws and Regulations Concerning Payday Loans in Hurst, Texas
Texas has deemed cash advance lending legal. Although, they have enacted the below rules and laws for the paycheck advance lending market:
- A single money lender cannot extend a loan in excess of $600. Borrowers cannot possess more than two active 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 may not rollover their loans.
- The fees and charges are different for each loan lender. The service costs charged by the lender on a payday loan are not considered interest. The service fees apply to every $100 borrowed and can vary from 11% up to 15%.
- An interest rate is required to be mutually decided upon. APR can be as high as 369%.
Will Paycheck Advance Lenders in Hurst, Texas, Perform Credit Checks? What If I Have Bad/No Credit History At All?
Yes, the lenders we partner with will perform a credit check on you, but, even if you possess no credit or poor credit, you might still be eligible for a loan as long as you can prove that you can pay back the loan. Lenders are typically unbothered by your credit if you offer proof of income and a plan to repay the loan.
Lenders will perform a soft credit pull, which will not impact your credit score. This is solely to get a look at your credit history and basic information.
A hard credit check, on the other hand, must have your permission. These credit inquiries are utilized for various purposes, such as mortgages, credit card applications, and more.
You can still qualify for a payday advance loan with bad credit in Hurst, Texas, if you have proof of repayment.
Therefore, when you apply, whether it is 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 possess, the better chance you are to be approved.
When Will I Get My Money in Hurst, Texas?
When you see your money actually depends on your lender as some lenders offer same-day paycheck advance loans, which means you will get your payday loan on the same day you apply, as long as you receive 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. Because of this, if you apply on a Friday, you may not see your money until Monday.
If you're looking for a same-day payday advance loan in Hurst, TX, you will need to make sure you're applying by 10:30 am. Any and all same-day loans going out that day will be approved by that deadline. However, you should submit an application earlier than that if possible, as it will boost the likelihood that you receive your funds on the day that you submit your application.
One additional factor that you should understand is even if the money lender approves your application 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 get a paycheck advance loan, so they could possibly make an exception in releasing the funds earlier.
Overall, it's wise to prepare in advance to receive your funds on the next business day. That way, you're not surprised if you cannot receive it on the same day.
Consider Working With PaydayLoanRadar
If you have bad credit or no credit and are looking to get a payday advance loan, consider applying with us, as you frequently have a higher chance of approval.
We partner with hundreds of different lenders who provide their services online. Much of the time you will get your cash on the following business day so ensure that you plan accordingly.
Although, you can always locate the nearest payday advance loan store to you and apply in person to boost the chances of seeing your money on the same business day. When applying in person, ensure that you have your government ID or driver's license; a passport will work as well. Infrequently, lenders may ask for proof of address, so bring a utility bill to the store as well.
To locate the nearest payday loan storefront, please refer to the list below and search for your city.
Payday Loan Direct Lender Companies in Hurst, TX
Below you will find a list of payday loan companies offering their services in Hurst, Texas. If you can't find a lender near your location in Hurst, 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 Hurst, 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.