Payday Loans in Post, Texas
Things happen, and we usually find ourselves in a place where we must pay for some unexpected costs. Consider submitting an application for a payday loan in Post, TX, to see if you meet the requirements.
The loan application process is quick and effortless. To be qualified, you must meet a couple of general requirements.
What is a Paycheck Advance Loan? What Can It Be Put Towards?
A payday advance loan is where the borrower will get a small amount of money on a short-term basis. This is considered an unsecured loan due to the fact that no collateral is required.
When unexpected expenses come up, for example late rent or utility costs, auto repairs, medical or vet bills, and so forth, individuals usually turn to cash advance loans.
Paycheck Advance Loan Criteria In Post, Texas
In Post, Texas, cash advance loan borrowers must satisfy several stipulations to qualify for a loan.
The borrower must:
- Prove that they are a resident of Post, TX
- Must be 18 years of age
- Have an income that they can prove that's at least $1,000/month
- Provide current contact details including phone number and email address
- Provide their SSN
If a borrower does not meet the above requirements, they will immediately be denied a payday advance loan. Make sure you have the documentation needed when applying for a loan.
Laws and Regulations Concerning Paycheck Advance Loans in Post, TX
The State of Texas has ruled payday lending legal. However, they have enacted the below rules and regulations for the payday advance lending market:
- An individual money 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 determined, the maximum 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 money lender. The service costs enacted by lenders on a cash advance loan do not fall under 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 Payday Advance Lenders in Post, Texas, Complete Credit Checks? What If I Have Bad/No Credit History At All?
Yes, the lenders we have a relationship with will complete a credit check on you, but, even if you possess no credit or less than optimal credit, you may still be eligible for a loan given that you can prove that you are able to pay back the loan. Lenders are commonly unconcerned about your credit if you offer proof of income and a plan to pay back the loan.
Lenders will use a soft credit check, which will have no impact on your credit score. This is solely to get a look at your credit history and general information.
A hard credit check, dissimilarly, needs your explicit consent. These credit pulls are done for a variety of purposes, such as mortgages, credit cards, and more.
You can still be approved for a payday advance loan with poor credit in Post, Texas, provided that you have proof of repayment.
So, when you apply for a loan, albeit in person or online, ensure that you have your income information ready and any other documents showing that you can pay back the loan. The more proof you possess, the better chance your loan request will be granted.
When Will I See My Loan in Post, TX?
When you see your money actually depends on your lender as some lenders provide same-day paycheck 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 next business day. Businesses generally close for holidays and weekends. Therefore, if you apply on a Friday, you might not see your funds until Monday.
If you're searching for a same-day payday loan in Post, Texas, you will need to make sure you're applying by 10:30 am. Any and all same-day deposits going out that day will be approved by that deadline. However, you should request a loan earlier than that if possible, as it will boost the likelihood that you receive your funds on the same day that you submit your application.
One other consideration that you should know is even if the lender grants your loan request and posts the loan to your bank, sometimes the bank won't release that loan at that time. It's paramount that you let your bank know that you plan to get a payday loan, so they could possibly make an exception in releasing the loan earlier.
Overall, it's best to prepare ahead of time to receive 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 Borrowing From Us
If you have poor credit or no credit and are wanting to secure a payday loan, consider applying with us, as you frequently have a better chance of approval.
We work with over one hundred different lenders who provide their services online. Frequently you will see your funds on the next business day so make sure that you plan accordingly.
Although, you can always locate the nearest cash advance loan storefront to you and apply in person to boost the chances of seeing your money on the same 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. Now and again, lenders may ask for proof of address, so take along a utility bill to the store as well.
To find the nearest payday loan storefront, please use the list below and locate your city.
Payday Loan Direct Lender Companies in Post, TX
Below you will find a list of payday loan companies offering their services in Post, Texas. If you can't find a lender near your location in Post, 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 Post, 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.