Payday Loans in La Feria, Texas
Life happens, and we often end up in a place where we have to pay for some unforeseen costs. Consider applying for a payday advance loan in La Feria, TX, to see if you meet the requirements.
The application process is fast and painless. To be qualified, loan borrowers must meet a couple of simple conditions.
What is a Payday Advance Loan? What Can It Be Put Towards?
A cash advance loan is where the borrower will get a small sum of money on a short-term agreement. This is considered an unsecured personal loan as no collateral is expected.
When unexpected bills come up, like missed rent or utility bills, vehicle bills, medical or vet payments, and so on, people often rely upon payday advance loans.
Payday Loan Requirements In La Feria, TX
In La Feria, Texas, cash advance loan borrowers are required to meet several requirements to be eligible for a loan.
The borrower must:
- Show proof that they are a resident of La Feria, Texas
- Must be 18 years of age
- Receive a steady income that they can prove that's at least $1,000 per month
- Provide up-to-date contact details including cell phone number and email address
- Provide their social security number
If a borrower does not meet the above rules, they will automatically be denied a paycheck advance loan. Ensure that you can provide the documentation required when submitting your application.
Laws and Regulations Concerning Paycheck Advance Loans in La Feria, Texas
The State of Texas has ruled payday lending legal. However, they have created the below rules and regulations for the payday advance lending industry:
- An individual lender can't extend a loan greater than $600. Borrowers are not allowed to have more than two unpaid loans from different lenders. There is no smallest loan amount.
- The minimum loan term is not set, the longest loan term length is 31 days. In the State of Texas, borrowers are not allowed to rollover their loans.
- The fees and charges vary for each loan lender. The service fees enacted by the lender on each loan or transaction are not considered interest. The service fees apply to every $100 loaned and can vary from 11% up to 15%.
- An interest rate is required to be mutually settled upon. APR can range up to 369%.
Will Payday Lenders in La Feria, Texas, Complete Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we have a relationship with will complete a credit check on you, still, even if you have no credit or dismal credit, you might still be eligible for a loan given that you can prove that you are able to repay the loan. Lenders are commonly unbothered by your credit history if you offer proof of income and a plan to repay the loan.
Lenders will use a soft credit check, which will have no impact on your credit score. This is solely to get an idea of your credit history and basic information.
A hard credit pull, alternatively, must have your explicit consent. These credit pulls are used for a variety of purposes, such as mortgages, credit card applications, and more.
You might still be approved for a paycheck advance loan with poor credit in La Feria, TX, provided that you can prove you will repay the loan.
Therefore, when you request a loan, whether it is in person or online, ensure that you have your income information at hand and any other documents verifying that you can repay the loan. The more proof you provide, the better chance your loan application will be approved.
When Will I Get My Funds in La Feria, TX?
When you receive your cash really depends on the lender as some lenders provide same-day paycheck advance loans, which means you will receive your payday loan on the same day you apply, as long as you receive an approval.
Much of the time, though, lenders will give the borrower their lump sum on the next business day. Businesses usually close for holidays and weekends. Therefore, if you apply on a Friday, you may not get your loan until Monday.
If you're looking for a same-day payday advance loan in La Feria, 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 deadline. However, you should submit an application earlier than that if able, as it will increase the likelihood that you receive your deposit on the day that you apply.
One additional consideration that you should be aware of is despite if the lender grants your loan request and posts the deposit to your bank account, sometimes the bank won't release that credit right away. It's important to let your bank know that you plan to get a cash advance loan, so they might make an exception in releasing the money earlier.
On the whole, it's best to prepare in advance to get cash 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 bad credit or no credit and are needing to secure a payday loan, think about applying through us, as you frequently have a higher chance of approval.
We work with more than one hundred different lenders who offer their services online. Much of the time you will receive your deposit on the following business day so ensure that you plan correctly.
However, you can always locate the nearest payday advance loan store to you and apply in person to boost the chances of getting your money on the same day. When requesting a loan in person, make sure that you have your government ID or driver's license; a passport is sufficient. Sometimes, lenders may require proof of address, so take along a utility bill to the store too.
To locate the nearest payday advance loan store, please use the list below and locate your city.
Payday Loan Direct Lender Companies in La Feria, TX
Below you will find a list of payday loan companies offering their services in La Feria, Texas. If you can't find a lender near your location in La Feria, 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 La Feria, 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.