Payday Loans in San Juan city, Texas
Things happen, and we often find ourselves in a place where we must pay for some unexpected bills. Think about submitting an application for a payday loan in San Juan city, Texas, to see if you qualify.
The loan process is swift and painless. To be qualified, borrowers must satisfy a few simple criteria.
What is a Cash Advance Loan? What Can It Be Used For?
A payday advance loan is where the borrower will be extended a small sum of money on a short-term contract. This is thought of as an unsecured loan as no collateral is needed.
When surprise costs present themselves, like past due rent or utility bills, auto bills, health or vet costs, and so on, individuals frequently turn to payday advance loans.
Cash Advance Loan Criteria In San Juan city, Texas
In San Juan city, TX, cash advance loan borrowers are required to satisfy several stipulations to be eligible for a loan.
The borrower has to:
- Show proof that they live in San Juan city, Texas
- Must be 18 years of age
- Have an income that they can prove that's at least $1,000/month
- Provide active contact details including cell phone number and email address
- Provide their social security number
If a borrower does not satisfy the above criteria, they will automatically be denied a paycheck advance loan. Make sure you have the documents required when applying.
Laws and Rules Concerning Cash Advance Loans in San Juan city, TX
The State of Texas has ruled paycheck advance lending legal. However, they have put forth the following rules and laws for the payday lending industry:
- An individual lender cannot extend a loan in excess of $600. Borrowers are not allowed to possess more than two unpaid loans from different lenders. There is no smallest loan amount.
- The minimum loan term is not set, the maximum loan term length is 31 days. In Texas, borrowers are unable to rollover their loans.
- The fees and charges vary for each lender. The service costs charged by the lender on a cash advance loan are not considered interest. The service fees apply to each $100 loaned and can range between 11-15%.
- An interest rate is required to be mutually decided upon. APR can be as much as 369%.
Will Payday Advance Lenders in San Juan city, Texas, Run 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 have no credit or poor credit, you might still be approved for a loan provided you can show that you are able to repay the loan. Lenders are generally unbothered by your credit if you provide proof of income and a strategy to pay back the loan.
Lenders will rely on a soft credit inquiry, which will not impact your credit score. This is solely to get a feel of your credit history and basic information.
A hard credit inquiry, dissimilarly, requires your permission. These credit checks are performed for various purposes, including mortgages, credit cards, and more.
You can still qualify for a paycheck advance loan with less than great credit in San Juan city, Texas, as long as you have proof of repayment.
So, when you apply for a loan, whether it is in person or online, double check that you have your income information at hand and any other documents verifying that you can pay back the loan. The more evidence you have, the more likely your loan request will be granted.
When Will I Receive My Funds in San Juan city, TX?
When you get your deposit really relies on your lender as some lenders advertise same-day payday advance loans, which means you will receive your cash advance loan on the same day you submit your application, as long as you get an approval.
Most of the time, though, lenders will send the borrower their lump sum on the next business day. Businesses generally close for holidays and weekends. So, if you apply on a Friday, you might not see your deposit until Monday.
If you're wanting a same-day cash advance loan in San Juan city, Texas, 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 cut-off. However, you should apply earlier than that if possible, as it will increase the likelihood that you receive your money on the same day that you submit your application.
One additional consideration that you should be aware of is even if the lender approves your application and posts the funds to your bank account, sometimes the bank won't release that loan immediately. 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 cash earlier.
Overall, it's wise to prepare in advance to receive your loan on the following business day. That way, you're not surprised if you cannot get it on the same day.
Consider Borrowing From Us
If you possess underwhelming credit or no credit and are searching to get a payday loan, think about applying through us, as you probably have a better chance of approval.
We partner with hundreds of different lenders who provide their services online. Most of the time you will see your deposit on the next business day so make sure that you plan correctly.
However, you can always find the closest payday loan storefront to you and apply in person to strengthen the chances of receiving your funds on the same day. When requesting a loan in person, make sure that you have your government ID or driver's license; a passport is sufficient. Sometimes, lenders may request proof of address, so bring a utility bill to the store as well.
To locate the nearest paycheck advance loan storefront, please refer to the list below and find your city.
Payday Loan Direct Lender Companies in San Juan city, TX
Below you will find a list of payday loan companies offering their services in San Juan city, Texas. If you can't find a lender near your location in San Juan city, 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 San Juan city, 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.