Payday Loans in Lumberton, Texas
Things happen, and we often end up in a spot where we must pay for some surprise bills. Consider submitting an application for a cash advance loan in Lumberton, TX, to see if you qualify.
The application process is swift and straightforward. To be qualified, borrowers must meet a few simple requirements.
What is a Cash Advance Loan? What Can It Be Used For?
A cash advance loan is where the borrower will get a small amount of funds on a short-term contract. This is considered an unsecured personal loan because no collateral is expected.
When unexpected bills present themselves, such as missed rent or utility costs, auto fixes, medical or vet fees, and so forth, people frequently turn to payday advance loans.
Paycheck Advance Loan Criteria In Lumberton, Texas
In Lumberton, Texas, payday advance loan borrowers must meet a few requirements to qualify for a loan.
The borrower must:
- Provide proof that they are a resident of Lumberton, TX
- Must be 18 years old
- Receive a steady stream of income that they can prove that's at least $1,000 per month
- Give up-to-date contact information such as cell phone number and email address
- Give their SSN
If a borrower does not satisfy the above requirements, they will automatically be denied a payday loan. Ensure that you possess the documentation needed when applying.
Laws and Rules Concerning Payday Advance Loans in Lumberton, Texas
The State of Texas has deemed cash advance lending legal. Although, they have put forth the below rules and regulations for the payday lending market:
- An individual lender can't offer a loan greater than $600. Borrowers may not possess more than two active 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 change for each lender. The service costs charged by lenders on a payday loan are not considered interest. The service fees apply to each $100 loaned and can range from 11% up to 15%.
- An interest rate is required to be mutually agreed upon. APR can range up to 369%.
Will Cash Advance Lenders in Lumberton, TX, Perform Credit Checks? What If I Have Poor/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 bad credit, you may still be eligible for a loan as long as you can show that you are able to repay the loan. Lenders are generally unconcerned about your credit history if you provide proof of income and a strategy to pay back the loan.
Lenders will rely on a soft credit check, which will not impact your credit score. This is only to get a feel of your credit history and general information.
A hard credit inquiry, 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 may still be approved for a payday advance loan with less than great credit in Lumberton, Texas, if you have proof of repayment.
So, when you request a loan, albeit in person or online, make sure that you have your income information easily accessible and any other documents proving that you can repay the loan. The more evidence you show, the better chance you are to be approved.
When Will I Receive My Deposit in Lumberton, Texas?
When you get your funds really relies on the lender as some lenders advertise same-day payday advance loans, which means you will see your payday loan on the same day you request a loan, as long as you're approved.
Much of the time, though, lenders will give the borrower their lump sum on the following business day. Businesses typically close for holidays and weekends. So, if you submit your application on a Friday, you may not see your funds until Monday.
If you're wanting a same-day payday advance loan in Lumberton, TX, you will need to make sure you're applying by 10:30 am. All same-day deposits going out that day will be approved by that cut-off. However, you should apply earlier than that if possible, as it will boost the likelihood that you get your deposit on the day that you apply.
One additional factor that you should know is despite if the lender grants your loan request and posts the credit to your bank account, occasionally the bank won't release that deposit right away. It's vital that you let your bank know that you plan to receive a payday advance loan, so they might make an exception in releasing the loan earlier.
Overall, it's wise to prepare ahead of time to receive your loan on the next business day. That way, you're not surprised if you cannot receive it on the same day.
Consider Borrowing From Us
If you possess underwhelming credit or no credit and are looking to secure a payday loan, think about applying through us, as you frequently have a better chance of approval.
We partner with hundreds of different lenders who offer their services online. Often you will receive your cash on the next business day so make sure that you plan correctly.
However, you can always locate the nearest cash advance loan storefront to you and apply in person to strengthen the chances of seeing your cash on the same business day. When submitting an application in person, make sure that you have your government ID or driver's license; a passport is sufficient. Now and again, lenders may require proof of address, so take along a utility bill to the store as well.
To find the nearest payday loan store, please navigate to the list below and search for your city.
Payday Loan Direct Lender Companies in Lumberton, TX
Below you will find a list of payday loan companies offering their services in Lumberton, Texas. If you can't find a lender near your location in Lumberton, 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 Lumberton, 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.