Payday Loans in Jacksonville, Texas
Events happen, and we often end up in a situation where we have to pay for some unforeseen expenses. Consider submitting an application for a paycheck advance loan in Jacksonville, Texas, to see if you are eligible.
The application process is fast and effortless. To be eligible, borrowers have to meet a few straightforward criteria.
What is a Payday Advance Loan? What Can It Be Used For?
A cash advance loan is where the borrower will get a petite amount of money on a short-term basis. This is deemed to be an unsecured loan due to the fact that no collateral is required.
When unexpected bills arise, such as past due rent or utility bills, vehicle costs, medical or vet payments, and so forth, individuals usually rely upon payday loans.
Payday Advance Loan Stipulations In Jacksonville, Texas
In Jacksonville, Texas, payday advance loan borrowers must satisfy several requirements to qualify for a loan.
The borrower is required to:
- Provide proof that they reside in Jacksonville, Texas
- Must be 18 years of age
- Have a steady stream of income that they can provide proof of being at least $1,000 per month
- Provide up-to-date contact details such as cell phone number and email address
- Give their social security number
If a borrower does not abide by the above rules, they will automatically be denied a paycheck advance loan. Ensure that you can provide the documents needed when requesting a loan.
Laws and Regulations Regarding Payday Advance Loans in Jacksonville, Texas
The State of Texas has ruled paycheck advance lending legal. However, they have put forth the below rules and regulations for the payday advance lending industry:
- A single money lender cannot extend a loan greater than $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 longest 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 enacted by the lender on a 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 settled upon. APR can be as high as 369%.
Will Paycheck Advance Lenders in Jacksonville, TX, Perform Credit Checks? What If I Have Bad/No Credit History At All?
Yes, the lenders we partner with will do a credit check on you, but, even if you possess no credit or less than stellar credit, you may still be eligible for a loan given that you can prove that you are able to pay back the loan. Lenders are usually unbothered by your credit if you have proof of income and a plan to repay 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, must have your explicit consent. These credit pulls are done for a variety of purposes, such as mortgages, credit cards, and more.
You might still qualify for a payday advance loan with imperfect credit in Jacksonville, TX, as long as you have proof of repayment.
Therefore, when you apply for a loan, whether it is in person or online, double check that you have your income information at hand and any other documents verifying that you can pay back the loan. The more proof you provide, the better chance you are to be approved.
When Will I Receive My Cash in Jacksonville, Texas?
When you receive your deposit truly relies on your lender as some lenders offer same-day cash advance loans, which means you will see your paycheck advance loan on the same day you submit your application, as long as you're approved.
Much of the time, however, lenders will send the borrower their lump sum on the next business day. Businesses typically close for holidays and weekends. Because of this, if you apply on a Friday, you may not see your cash until Monday.
If you're needing a same-day cash advance loan in Jacksonville, Texas, you will need to be sure that you're applying by 10:30 am. All same-day deposits going out that day will be approved by that deadline. However, you should submit an application earlier than that if possible, as it will increase the likelihood that you get your funds on the day that you apply.
One additional consideration that you should understand is despite if the lender grants your loan request and posts the deposit to your bank, occasionally the bank won't release that loan immediately. It's important to let your bank know that you plan to get a paycheck advance loan, so they might make an exception in releasing the loan earlier.
On the whole, it's best to prepare ahead of time to get your funds on the next business day. That way, you're not surprised if you cannot get it on the same day.
Think About Borrowing From PaydayLoanRadar
If you possess poor credit or no credit and are wanting to get a payday advance loan, think about applying with us, as you most likely have a better chance of approval.
We work with hundreds of different lenders who offer their services online. Often you will receive your deposit on the next business day so ensure that you plan accordingly.
However, you can always find the closest payday loan storefront to you and apply in person to strengthen the chances of receiving your money on the same day. When applying 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 take along a utility bill to the store as well.
To find the nearest payday loan store, please refer to the list below and search for your city.
Payday Loan Direct Lender Companies in Jacksonville, TX
Below you will find a list of payday loan companies offering their services in Jacksonville, Texas. If you can't find a lender near your location in Jacksonville, 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 Jacksonville, 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.