Payday Loans in Irving, Texas
Incidents happen, and we often wind up in a situation where we must cover some unforeseen bills. Consider applying for a payday advance loan in Irving, TX, to see if you qualify.
The loan request process is fast and straightforward. To qualify, loan borrowers must satisfy a couple of simple requirements.
What is a Payday Advance Loan? What Can It Be Used For?
A cash advance loan is where the borrower will get a small sum of funds on a short-term agreement. This is thought of as an unsecured personal loan as no collateral is required.
When surprise financial needs come up, for example missed rent or utility costs, auto costs, health or vet payments, and so forth, people frequently turn to payday loans.
Paycheck Advance Loan Stipulations In Irving, Texas
In Irving, TX, paycheck advance loan borrowers must meet several requirements to qualify for a loan.
The borrower has to:
- Show proof that they live in Irving, TX
- Must be at least 18
- Receive a steady stream of income that they can prove that's at least $1,000/month
- Give active contact details including phone number and email address
- Provide their SSN
If a borrower does not abide by the above requirements, they will immediately be denied a paycheck advance loan. Make sure you have the documentation needed when submitting your application.
Laws and Regulations Regarding Paycheck Advance Loans in Irving, TX
Texas has deemed paycheck advance lending legal. Although, they have set the below rules and laws for the cash advance lending market:
- A single money lender cannot offer a loan in excess of $600. Borrowers are not allowed to take out greater than two outstanding 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 the State of Texas, borrowers are unable to rollover their loans.
- The fees and charges are different for each loan lender. The service fees charged by the lender on each loan or transaction do not fall under interest. The service fees apply to every $100 loaned and can vary between 11-15%.
- An interest rate must be mutually settled upon. APR can be as high as 369%.
Will Payday Lenders in Irving, TX, Complete 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 have no credit or less than optimal credit, you might still be approved for a loan given that you can show that you are able to repay the loan. Lenders are commonly unbothered by your credit if you have proof of income and a strategy to pay back the loan.
Lenders will rely on a soft credit pull, which will not impact your credit score. This is simply to get a feel of your credit history and basic information.
A hard credit check, alternatively, needs your permission. These credit pulls are done for a variety of purposes, including mortgages, credit card applications, and more.
You might still be approved for a payday advance loan with bad credit in Irving, TX, provided that you can prove you will repay the loan.
So, when you apply, albeit in person or online, double check that you have your income information easily accessible and any other documents proving that you can repay the loan. The more evidence you have, the better chance you are to be approved.
When Will I Receive My Loan in Irving, Texas?
When you get your loan actually depends on the lender as some lenders offer same-day payday advance loans, which means you will see your payday advance loan on the same day you submit your application, 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 typically close for holidays and weekends. Therefore, if you submit your application on a Friday, you may not receive your deposit until Monday.
If you're wanting a same-day payday loan in Irving, 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 submit an application earlier than that if possible, as it will boost the likelihood that you receive your loan on the same day that you apply.
One more factor that you should know is even if the money lender grants your loan request and posts the funds to your bank, occasionally the bank won't release that deposit right away. It's paramount that you let your bank know that you plan to receive a payday advance loan, so they could possibly make an exception in releasing the deposit earlier.
Overall, it's best to prepare ahead of time to get your funds on the next business day. That way, you're not out of luck if you cannot receive it on the same day.
Think About Borrowing From PaydayLoanRadar
If you have poor credit or no credit and are looking to get a payday loan, consider applying through us, as you frequently have a better chance of approval.
We partner with more than one hundred different lenders who provide their services online. Frequently you will see your money on the following business day so ensure that you plan correctly.
Although, you can always find the closest payday loan storefront to you and apply in person to increase the chances of seeing 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 is sufficient. Now and again, lenders may request proof of address, so bring a utility bill to the store too.
To find the nearest cash advance loan storefront, please use the list below and locate your city.
Payday Loan Direct Lender Companies in Irving, TX
Below you will find a list of payday loan companies offering their services in Irving, Texas. If you can't find a lender near your location in Irving, 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 Irving, 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.