Payday Loans in South Houston, Texas
Events happen, and we often wind up in a place where we have to pay for some unforeseen expenses. Consider submitting an application for a paycheck advance loan in South Houston, TX, to see if you qualify.
The loan application process is fast and simple. To qualify, borrowers must satisfy a couple of simple criteria.
What is a Payday Loan? What Can It Be Used For?
A cash advance loan is where the borrower will receive a small amount of cash on a short-term basis. This is deemed to be an unsecured personal loan as no collateral is needed.
When surprise expenses present themselves, such as missed rent or utility bills, vehicle fees, health or vet costs, and so forth, individuals commonly turn to paycheck advance loans.
Payday Advance Loan Requirements In South Houston, TX
In South Houston, TX, paycheck advance loan borrowers must satisfy a few requirements to qualify for a loan.
The borrower has to:
- Prove that they are a resident of South Houston, Texas
- Must be 18 years of age
- Have an income that they can provide proof of being at least $1,000/month
- Give up-to-date contact details such as cell phone number and email address
- Provide their SSN
If a borrower does not satisfy the above requirements, they will immediately be denied a cash advance loan. Make sure you possess the documentation needed when applying for a loan.
Laws and Rules Concerning Payday Advance Loans in South Houston, TX
Texas has ruled paycheck advance lending legal. Still, they have set the following rules and regulations for the paycheck advance lending market:
- A single lender cannot extend a loan in excess of $600. Borrowers are not allowed to take out greater than two outstanding 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 Texas, borrowers cannot rollover their loans.
- The fees and charges are different for each loan lender. The service costs charged by the lender on each loan or transaction are not considered interest. The service fees apply to every $100 borrowed and can vary from 11% up to 15%.
- An interest rate must be mutually agreed upon. APR can be as much as 369%.
Will Payday Advance Lenders in South Houston, TX, Complete Credit Checks? What If I Have Bad/No Credit History At All?
Yes, the lenders we partner with will complete a credit check on you, but, even if you have no credit or less than optimal credit, you might still be approved for a loan as long as you can prove that you can pay back the loan. Lenders are usually unbothered by your credit history if you possess proof of income and a strategy to pay back the loan.
Lenders will rely on a soft credit inquiry, which will have no impact on your credit score. This is simply to get an idea of your credit history and general information.
A hard credit pull, alternatively, needs your explicit consent. These credit pulls are used for a plethora of purposes, such as mortgages, credit card applications, and more.
You can still be approved for a paycheck advance loan with bad credit in South Houston, TX, if you can prove you will repay the loan.
Therefore, when you apply for a loan, whether it is in person or online, make sure that you have your income information available and any other documents proving that you can pay back the loan. The more evidence you have, the better chance you are to be approved.
When Will I Receive My Loan in South Houston, TX?
When you see your money truly relies on the lender as some lenders offer same-day payday 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, however, lenders will send the borrower their lump sum on the following business day. Businesses usually close for holidays and weekends. Because of this, if you apply on a Friday, you may not get your cash until Monday.
If you're looking for a same-day payday loan in South Houston, Texas, you will need to ensure you're applying by 10:30 am. Any and all same-day funds going out that day will be approved by that time. However, you should request a loan earlier than that if possible, as it will increase the likelihood that you see your deposit on the same day that you submit your application.
One more consideration that you should be aware of is despite if the lender approves your application and posts the deposit to your bank, sometimes the bank won't release that deposit at that time. It's important to 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 get your funds on the following business day. That way, you're not surprised if you cannot receive it on the same day.
Think About Borrowing From PaydayLoanRadar
If you have poor credit or no credit and are wanting to get a paycheck advance loan, consider applying with us, as you most likely have a higher chance of approval.
We work with hundreds of different lenders who provide their services online. Much of the time you will see your funds on the following business day so ensure that you plan appropriately.
However, you can always locate the closest payday loan store to you and apply in person to strengthen the chances of getting your funds on the same business day. When applying in person, ensure that you have your government ID or driver's license; a passport will work as well. Sometimes, lenders may ask for proof of address, so take along a utility bill to the store too.
To find the nearest cash advance loan storefront, please navigate to the list below and locate your city.
Payday Loan Direct Lender Companies in South Houston, TX
Below you will find a list of payday loan companies offering their services in South Houston, Texas. If you can't find a lender near your location in South Houston, 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 South Houston, 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.