Payday Loans in Kilgore, Texas
Things happen, and we often wind up in a situation where we must pay for some unexpected costs. Think about submitting an application for a cash advance loan in Kilgore, TX, to see if you meet the requirements.
The loan process is quick and simple. To be qualified, loan borrowers must satisfy a couple of straightforward requirements.
What is a Cash Advance Loan? What Can It Be Used For?
A payday advance loan is where the borrower will be extended a petite sum of funds on a short-term agreement. This is considered an unsecured loan because no collateral is expected.
When unexpected expenses come up, like missed rent or utility fees, car repairs, medical or vet expenditures, and so on, individuals commonly rely upon payday loans.
Payday Loan Criteria In Kilgore, Texas
In Kilgore, Texas, paycheck advance loan borrowers must meet several stipulations to be eligible for a loan.
The borrower is required to:
- Provide proof that they live in Kilgore, Texas
- Must be 18 or older
- Have a steady stream of income that they can prove that's at least $1,000 per month
- Give up-to-date contact information including cell phone number and email address
- Give their social security number
If a borrower does not abide by the above rules, they will immediately be denied a paycheck advance loan. Make sure you can provide the documentation required when applying for a loan.
Laws and Rules Concerning Payday Loans in Kilgore, TX
Texas has deemed payday advance lending legal. However, they have created the following rules and laws for the cash advance lending market:
- An individual lender cannot extend a loan greater than $600. Borrowers are not allowed to have more 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 may not rollover their loans.
- The fees and charges are different for each lender. The service fees enacted by lenders on a cash advance loan do not fall under 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 settled upon. APR can be as much as 369%.
Will Payday Advance Lenders in Kilgore, TX, Perform Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we work with will run a credit check on you, but, even if you have no credit or dismal credit, you might still be eligible for a loan as long as you can prove that you are able to pay back the loan. Lenders are commonly unbothered by your credit history if you possess proof of income and a strategy 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 general information.
A hard credit pull, dissimilarly, needs your permission. These credit checks are performed for a plethora of purposes, including mortgages, credit cards, and more.
You may still qualify for a payday advance loan with bad credit in Kilgore, 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 available and any other documents proving that you can pay back the loan. The more proof you provide, the better chance your loan application will be approved.
When Will I See My Funds in Kilgore, TX?
When you see your funds truly relies on your lender as some lenders provide same-day paycheck advance loans, which means you will see your payday loan on the same day you submit your application, 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 typically close for holidays and weekends. So, if you apply on a Friday, you may not receive your funds until Monday.
If you're looking for a same-day payday loan in Kilgore, Texas, you will need to ensure you're applying by 10:30 am. Any and all same-day funds 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 receive your loan on the day that you submit your application.
One other consideration that you should know is even if the money lender grants your loan request and posts the deposit to your bank account, sometimes the bank won't release that loan at that time. It's important to let your bank know that you plan to receive a cash advance loan, so they could possibly make an exception in releasing the deposit earlier.
On the whole, it's wise to prepare ahead of time to receive your loan on the next business day. That way, you're not out of luck if you cannot receive it on the same day.
Consider Working With PaydayLoanRadar
If you have less than great credit or no credit and are needing to get a payday advance loan, think about applying with us, as you frequently have a higher chance of approval.
We partner with over one hundred different lenders who provide their services online. Much of the time you will see your loan on the following business day so ensure that you plan appropriately.
However, you can always find the closest cash advance loan store to you and apply in person to increase the chances of receiving your money on the same day. When applying in person, make sure that you have your government ID or driver's license; a passport will work as well. Now and again, lenders may ask for proof of address, so bring a utility bill to the store as well.
To locate the nearest paycheck advance loan store, please use the list below and find your city.
Payday Loan Direct Lender Companies in Kilgore, TX
Below you will find a list of payday loan companies offering their services in Kilgore, Texas. If you can't find a lender near your location in Kilgore, 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 Kilgore, 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.