Payday Loans in Perryton, Texas
Things happen, and we usually end up in a spot where we have to pay for some surprise bills. Consider submitting an application for a paycheck advance loan in Perryton, Texas, to see if you are eligible.
The loan process is fast and painless. To be qualified, loan borrowers must meet a couple of simple requirements.
What is a Payday Advance Loan? What Can It Cover?
A payday loan is where the borrower will be extended a petite sum of cash on a short-term agreement. This is considered an unsecured loan due to the fact that no collateral is needed.
When surprise financial needs present themselves, such as late rent or utility fees, car costs, medical or vet bills, and so on, people often turn to cash advance loans.
Cash Advance Loan Criteria In Perryton, Texas
In Perryton, Texas, payday loan borrowers need to meet several stipulations to be eligible for a loan.
The borrower is required to:
- Prove that they live in Perryton, Texas
- Must be 18 years old
- Receive a steady income that they can prove that's at least $1,000 per month
- Give up-to-date contact information such as 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 payday advance loan. Make sure you have the documentation needed when applying.
Laws and Regulations Concerning Paycheck Advance Loans in Perryton, Texas
The State of Texas has ruled payday advance lending legal. Although, they have set the following rules and regulations for the cash advance lending market:
- An individual money lender cannot extend a loan greater than $600. Borrowers cannot possess more than two active loans from different lenders. There is no minimum loan amount.
- There is no minimum loan term, the maximum loan term length is 31 days. In Texas, borrowers may not rollover their loans.
- The fees and charges are different for each loan lender. The service costs charged by lenders on each loan or transaction do not fall under interest. The service fees apply to each $100 borrowed and can range from 11% up to 15%.
- An interest rate must be mutually agreed upon. APR can be as much as 369%.
Will Cash Advance Lenders in Perryton, Texas, Perform Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we partner with will perform 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 given that you can show that you are able to repay the loan. Lenders are typically unconcerned about your credit if you have proof of income and a plan to pay back the loan.
Lenders will use a soft credit pull, which will not impact your credit score. This is simply to get a feel of your credit history and basic information.
A hard credit check, alternatively, requires your explicit consent. These credit inquiries are utilized for various purposes, such as mortgages, credit card applications, and more.
You can still qualify for a payday loan with poor credit in Perryton, TX, provided that you have proof of repayment.
So, when you request a loan, albeit in person or online, ensure that you have your income information at hand and any other documents proving that you can repay the loan. The more evidence you provide, the better chance you are to be approved.
When Will I Receive My Money in Perryton, TX?
When you receive your money actually depends on the lender as some lenders offer same-day payday loans, which means you will get your cash advance loan on the same day you apply, as long as you get 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 money until Monday.
If you're needing a same-day paycheck advance loan in Perryton, TX, you will need to be sure that you're applying by 10:30 am. Any and all same-day deposits going out that day will be approved by that time. However, you should apply earlier than that if able, as it will increase the likelihood that you receive your deposit on the same day that you apply.
One additional consideration that you should be aware of is even if the money lender grants your loan request and posts the loan to your checking account, sometimes the bank won't release that funds at that time. It's important to let your bank know that you plan to receive a paycheck advance loan, so they could possibly make an exception in releasing the funds earlier.
Overall, it's best to prepare in advance to get your deposit on the following business day. That way, you're not left in the lurch if you cannot receive it on the same day.
Think About Working With Us
If you possess poor credit or no credit and are looking to get a cash advance loan, consider applying through us, as you usually have a better chance of approval.
We work with hundreds of different lenders who provide their services online. Frequently you will receive your cash on the next business day so make sure that you plan appropriately.
Although, you can always locate the nearest paycheck advance loan store to you and apply in person to increase the chances of receiving 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 will work as well. Sometimes, lenders may request proof of address, so take along 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 Perryton, TX
Below you will find a list of payday loan companies offering their services in Perryton, Texas. If you can't find a lender near your location in Perryton, 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 Perryton, 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.