Payday Loans in Stafford, Texas
Life happens, and we usually find ourselves in a spot where we must cover some unexpected bills. Think about submitting an application for a payday advance loan in Stafford, Texas, to see if you are eligible.
The application process is fast and painless. To qualify, loan borrowers must meet a few general criteria.
What is a Cash Advance Loan? What Can It Pay For?
A payday advance loan is where the borrower will get a petite amount of cash on a short-term basis. This is considered an unsecured personal loan due to the fact that no collateral is required.
When unexpected bills arise, such as missed rent or utility costs, car fixes, health or vet costs, and so forth, people commonly rely upon payday advance loans.
Paycheck Advance Loan Criteria In Stafford, Texas
In Stafford, Texas, cash advance loan borrowers are required to satisfy several criteria to qualify for a loan.
The borrower is required to:
- Prove that they are a resident of Stafford, TX
- Must be 18 or older
- Have an income that they can provide proof of being at least $1,000/month
- Give up-to-date contact details such as phone number and email address
- Provide their social security number
If a borrower does not satisfy the above rules, they will automatically be denied a payday advance loan. Make sure you can provide the documents required when submitting your application.
Laws and Rules Concerning Cash Advance Loans in Stafford, TX
The State of Texas has deemed cash advance lending legal. Although, they have put forth the following rules and regulations for the cash advance lending market:
- An individual money lender cannot offer a loan in excess of $600. Borrowers may not take out more than two outstanding loans from different lenders. There is no minimum loan amount.
- The minimum loan term is not determined, the longest loan term length is 31 days. In the State of Texas, borrowers cannot rollover their loans.
- The fees and charges vary for each money lender. The service fees enacted by lenders on each loan or transaction do not fall under interest. The service fees apply to every $100 loaned and can vary between 11-15%.
- An interest rate is required to be mutually agreed upon. APR can be as high as 369%.
Will Cash Advance Lenders in Stafford, TX, Run Credit Checks? What If I Have Poor/No Credit History At All?
Yes, the lenders we work with will run a credit check on you, still, even if you have no credit or less than stellar credit, you may still be eligible for a loan given that you can show that you are able to pay back the loan. Lenders are typically unbothered by your credit history if you have proof of income and a strategy to pay back the loan.
Lenders will perform a soft credit inquiry, which will have no impact on your credit score. This is simply to get a feel of your credit history and basic information.
A hard credit check, dissimilarly, needs your explicit consent. These credit checks are performed for a plethora of purposes, such as mortgages, credit card applications, and more.
You might still be approved for a paycheck advance loan with less than great credit in Stafford, Texas, if you have proof of repayment.
So, when you request a loan, albeit in person or online, double check that you have your income information available and any other documents proving that you can pay back the loan. The more proof you show, the better chance you are to be approved.
When Will I Get My Cash in Stafford, Texas?
When you receive your loan really relies on your lender as some lenders offer same-day cash advance loans, which means you will get your payday advance loan on the same day you request a loan, as long as you receive an approval.
Much of the time, though, lenders will send the borrower their lump sum on the following business day. Businesses usually close for holidays and weekends. Therefore, if you apply on a Friday, you might not receive your loan until Monday.
If you're searching for a same-day paycheck advance loan in Stafford, Texas, you will need to ensure you're applying by 10:30 am. Any and all same-day loans going out that day will be approved by that cut-off. However, you should request a loan earlier than that if able, as it will boost the likelihood that you see your funds on the same day that you apply.
One more consideration that you should be aware of is even if the lender approves your application and posts the deposit to your bank account, occasionally the bank won't release that credit immediately. It's vital that you let your bank know that you plan to receive a cash advance loan, so they might make an exception in releasing the funds earlier.
On the whole, it's wise to prepare ahead of time to get cash 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 have poor credit or no credit and are needing to secure a payday advance loan, think about applying with us, as you probably have a better chance of approval.
We partner with over one hundred different lenders who offer their services online. Much of the time you will receive your deposit on the next business day so make sure that you plan accordingly.
However, you can always locate the nearest payday advance loan storefront to you and apply in person to strengthen the chances of receiving your cash on the same day. When submitting an application in person, ensure that you have your government ID or driver's license; a passport is sufficient. Now and again, lenders may request proof of address, so take along a utility bill to the store too.
To find the nearest payday loan store, please use the list below and find your city.
Payday Loan Direct Lender Companies in Stafford, TX
Below you will find a list of payday loan companies offering their services in Stafford, Texas. If you can't find a lender near your location in Stafford, 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 Stafford, 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.