Payday Loans in Killeen, Texas
Incidents happen, and we often wind up in a situation where we have to pay for some unexpected expenses. Consider applying for a payday advance loan in Killeen, TX, to see if you qualify.
The loan process is fast and painless. To be qualified, borrowers have to meet a few basic criteria.
What is a Payday Loan? What Can It Be Put Towards?
A payday loan is where the borrower will be extended a small amount of cash on a short-term contract. This is deemed to be an unsecured personal loan as no collateral is needed.
When surprise costs come up, such as missed rent or utility costs, car repairs, medical or vet payments, and so on, individuals often turn to payday loans.
Payday Advance Loan Requirements In Killeen, TX
In Killeen, Texas, payday advance loan borrowers are required to meet a few criteria to qualify for a loan.
The borrower has to:
- Provide proof that they are a resident of Killeen, Texas
- Must be at least 18
- Have an income that they can prove that's at least $1,000 per month
- Give current contact information like cell phone number and email address
- Provide their social security number
If a borrower does not satisfy the above requirements, they will immediately be denied a cash advance loan. Ensure that you can provide the documentation required when applying for a loan.
Laws and Rules Regarding Paycheck Advance Loans in Killeen, TX
Texas has deemed cash advance lending legal. Although, they have created the below rules and laws for the cash advance lending market:
- An individual money lender cannot extend a loan in excess of $600. Borrowers may not have greater than two active loans from different lenders. There is no minimum loan amount.
- The minimum loan term is not set, the maximum loan term length is 31 days. In Texas, borrowers may not rollover their loans.
- The fees and charges are different for each money lender. The service costs charged by the lender on each loan or transaction do not fall under interest. The service fees apply to each $100 loaned and can range between 11-15%.
- An interest rate must be mutually settled upon. APR can range up to 369%.
Will Paycheck Advance Lenders in Killeen, Texas, Perform Credit Checks? What If I Have Poor/No Credit History At All?
Yes, the lenders we work with will run a credit check on you, but, even if you possess no credit or less than stellar credit, you may still be approved for a loan provided you can show that you can pay back the loan. Lenders are usually unconcerned about your credit history if you provide proof of income and a plan to pay back the loan.
Lenders will rely on a soft credit check, which will have no impact on your credit score. This is only to get a look at your credit history and basic information.
A hard credit pull, on the other hand, requires your explicit consent. These credit checks are performed for a plethora of purposes, such as mortgages, credit card applications, and more.
You might still qualify for a paycheck advance loan with less than great credit in Killeen, TX, as long as you have proof of repayment.
So, when you request a loan, whether it is in person or online, make sure that you have your income information available and any other documents showing that you can repay the loan. The more proof you provide, the more likely your loan application will be approved.
When Will I Receive My Money in Killeen, Texas?
When you receive your funds really depends on the lender as some lenders advertise same-day payday loans, which means you will receive your paycheck advance loan on the same day you request a loan, as long as you receive an approval.
Most of the time, however, lenders will give the borrower their lump sum on the following business day. Businesses usually close for holidays and weekends. Therefore, if you submit your application on a Friday, you may not get your cash until Monday.
If you're looking for a same-day paycheck advance loan in Killeen, Texas, you will need to ensure you're applying by 10:30 am. All same-day deposits going out that day will be approved by that time. However, you should apply earlier than that if possible, as it will increase the likelihood that you get your funds on the day that you apply.
One other factor that you should understand is despite if the money lender grants your loan request and posts the funds to your checking account, sometimes the bank won't release that deposit at that time. 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 funds earlier.
On the whole, it's best to prepare ahead of time to receive cash on the following business day. That way, you're not surprised if you cannot receive it on the same day.
Think About Borrowing From PaydayLoanRadar
If you have poor credit or no credit and are wanting to secure a payday advance loan, consider applying with us, as you most likely have a higher chance of approval.
We partner with hundreds of different lenders who offer their services online. Much of the time you will see your cash on the following business day so ensure that you plan accordingly.
Although, you can always find the nearest paycheck advance loan storefront to you and apply in person to boost the chances of receiving your money on the same day. When requesting a loan in person, ensure 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 payday loan store, please navigate to the list below and find your city.
Payday Loan Direct Lender Companies in Killeen, TX
Below you will find a list of payday loan companies offering their services in Killeen, Texas. If you can't find a lender near your location in Killeen, 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 Killeen, 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.