Payday Loans in Longview, Texas
Things happen, and we often wind up in a spot where we have to cover some unexpected expenses. Consider submitting an application for a payday advance loan in Longview, TX, to see if you meet the requirements.
The application process is fast and effortless. To be eligible, you must meet a few general criteria.
What is a Payday Loan? What Can It Cover?
A payday loan is where the borrower will receive a petite sum of cash on a short-term agreement. This is deemed to be an unsecured personal loan as no collateral is needed.
When unforeseen financial needs present themselves, for example past due rent or utility expenditures, auto repairs, medical or vet bills, and so forth, people usually rely upon payday loans.
Payday Loan Stipulations In Longview, TX
In Longview, TX, payday advance loan borrowers are required to meet several criteria to be eligible for a loan.
The borrower has to:
- Prove that they reside in Longview, TX
- Must be 18 years of age
- Receive a steady stream of income that they can prove that's at least $1,000/month
- Give active contact details such as cell phone number and email address
- Give their social security number
If a borrower does not meet the above rules, they will immediately be denied a payday advance loan. Make sure you possess the documents required when applying for a loan.
Laws and Regulations Concerning Paycheck Advance Loans in Longview, TX
The State of Texas has deemed payday lending legal. Still, they have put forth the following rules and regulations for the cash advance lending market:
- An individual money lender can't offer a loan in excess of $600. Borrowers may not take out more than two outstanding loans from different lenders. There is no smallest loan amount.
- The minimum loan term is not determined, the maximum loan term length is 31 days. In Texas, borrowers may not rollover their loans.
- The fees and charges vary for each loan lender. The service costs enacted by the lender on a payday loan do not fall under interest. The service fees apply to each $100 borrowed and can range between 11-15%.
- An interest rate must be mutually settled upon. APR can be as much as 369%.
Will Paycheck Advance Lenders in Longview, TX, Perform Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we work with will complete a credit check on you, still, even if you possess no credit or dismal credit, you might still be approved for a loan provided you can prove that you are able to pay back the loan. Lenders are generally unbothered by your credit if you offer proof of income and a strategy to pay back the loan.
Lenders will conduct a soft credit check, which will not impact your credit score. This is solely to get an idea of your credit history and basic information.
A hard credit pull, dissimilarly, must have your explicit consent. These credit inquiries are performed for various purposes, such as mortgages, credit card applications, and more.
You might still be approved for a payday loan with imperfect credit in Longview, Texas, as long as you can prove you will repay the loan.
Therefore, when you apply for a loan, whether it is in person or online, double check that you have your income information easily accessible and any other documents verifying that you can pay back the loan. The more evidence you have, the better chance your loan request will be granted.
When Will I Receive My Deposit in Longview, TX?
When you receive your money truly relies on your lender as some lenders advertise same-day cash advance loans, which means you will get your cash advance loan on the same day you apply, as long as you receive an approval.
Most of the time, however, lenders will send the borrower their lump sum on the following business day. Businesses usually close for holidays and weekends. So, if you submit your application on a Friday, you may not get your funds until Monday.
If you're needing a same-day payday loan in Longview, Texas, you will need to be sure that you're applying by 10:30 am. All same-day payments going out that day will be approved by that cut-off. However, you should submit an application earlier than that if able, as it will boost the likelihood that you get your money on the day that you apply.
One more consideration that you should know is even if the lender grants your loan request and posts the funds to your checking account, occasionally the bank won't release that loan right away. 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.
Overall, it's best to prepare in advance to get money on the following business day. That way, you're not surprised if you cannot receive it on the same day.
Think About Working With Us
If you possess poor credit or no credit and are wanting to get a payday advance loan, think about applying with us, as you probably have a better chance of approval.
We work with over one hundred different lenders who offer their services online. Frequently you will see your loan on the next business day so make sure that you plan accordingly.
However, you can always find the closest payday advance loan store to you and apply in person to increase the chances of receiving your money on the same business day. When submitting an application in person, ensure that you have your government ID or driver's license; a passport will work as well. Infrequently, lenders may ask for proof of address, so bring a utility bill to the store as well.
To find the nearest paycheck advance loan storefront, please refer to the list below and search for your city.
Payday Loan Direct Lender Companies in Longview, TX
Below you will find a list of payday loan companies offering their services in Longview, Texas. If you can't find a lender near your location in Longview, 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 Longview, 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.