Payday Loans in Navasota, Texas
Things happen, and we usually find ourselves in a place where we have to cover some unforeseen costs. Consider submitting an application for a payday advance loan in Navasota, TX, to see if you are eligible.
The loan application process is swift and painless. To be qualified, loan borrowers have to meet a few straightforward requirements.
What is a Payday Loan? What Can It Cover?
A cash advance loan is where the borrower will be extended a petite sum of funds on a short-term basis. This is thought of as an unsecured personal loan because no collateral is needed.
When unexpected expenses present themselves, for example missed rent or utility expenditures, auto repairs, medical or vet fees, and so forth, people often turn to cash advance loans.
Cash Advance Loan Criteria In Navasota, TX
In Navasota, Texas, payday advance loan borrowers must meet a few criteria to be eligible for a loan.
The borrower has to:
- Provide proof that they are a resident of Navasota, Texas
- Must be 18 or older
- Have an income that they can prove that's at least $1,000/month
- Give up-to-date contact information such as phone number and email address
- Give their SSN
If a borrower does not meet the above criteria, they will automatically be denied a paycheck advance loan. Make sure you possess the documentation needed when applying.
Laws and Regulations Regarding Paycheck Advance Loans in Navasota, Texas
Texas has deemed payday lending legal. Still, they have enacted the below rules and regulations for the paycheck advance lending industry:
- A single lender can't extend a loan greater than $600. Borrowers may not have greater than two outstanding loans from different lenders. There is no smallest loan amount.
- There is no minimum loan term, the maximum loan term length is 31 days. In Texas, borrowers are not allowed to rollover their loans.
- The fees and charges are different for each lender. The service costs enacted by lenders on a cash advance loan are not considered interest. The service fees apply to each $100 borrowed and can vary between 11-15%.
- An interest rate must be mutually settled upon. APR can be as much as 369%.
Will Payday Lenders in Navasota, TX, Perform Credit Checks? What If I Have Bad/No Credit History At All?
Yes, the lenders we have a relationship with will perform a credit check on you, but, even if you possess no credit or dismal credit, you may still be eligible for a loan as long as you can prove that you can pay back the loan. Lenders are generally unconcerned about your credit history if you offer proof of income and a plan to pay back the loan.
Lenders will conduct a soft credit check, which will not impact your credit score. This is only to get a look at your credit history and basic information.
A hard credit check, on the other hand, requires your permission. These credit pulls are used for a plethora of purposes, including mortgages, credit cards, and more.
You can still qualify for a cash advance loan with imperfect credit in Navasota, TX, as long as you have proof of repayment.
Therefore, when you apply, whether it is in person or online, make sure that you have your income information easily accessible and any other documents showing that you can pay back the loan. The more proof you provide, the better chance your loan request will be granted.
When Will I Get My Deposit in Navasota, TX?
When you see your funds actually relies on the lender as some lenders offer same-day cash advance loans, which means you will get your paycheck advance 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 following business day. Businesses typically close for holidays and weekends. Because of this, if you apply on a Friday, you may not see your funds until Monday.
If you're needing a same-day payday advance loan in Navasota, Texas, you will need to be sure that you're applying by 10:30 am. Any and all same-day payments going out that day will be approved by that deadline. However, you should apply earlier than that if able, as it will boost the likelihood that you get your funds 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 deposit to your checking account, sometimes the bank won't release that credit at that time. It's paramount that you let your bank know that you plan to get a payday advance loan, so they could possibly make an exception in releasing the funds earlier.
Overall, it's best to prepare ahead of time to get money on the following business day. That way, you're not surprised if you cannot get it on the same day.
Think About Borrowing From Us
If you possess poor credit or no credit and are looking to secure a cash advance loan, consider applying with us, as you frequently have a better chance of approval.
We work with hundreds of different lenders who provide their services online. Most of the time you will get your deposit on the next business day so make sure that you plan accordingly.
Although, you can always find the closest cash advance loan store to you and apply in person to strengthen the chances of receiving your cash on the same day. When requesting a loan 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 request proof of address, so take along a utility bill to the store too.
To locate the nearest payday advance loan storefront, please use the list below and search for your city.
Payday Loan Direct Lender Companies in Navasota, TX
Below you will find a list of payday loan companies offering their services in Navasota, Texas. If you can't find a lender near your location in Navasota, 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 Navasota, 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.