Payday Loans in Timberwood Park, Texas
Things happen, and we usually wind up in a place where we must pay for some unexpected expenses. Think about applying for a payday advance loan in Timberwood Park, Texas, to see if you meet the requirements.
The loan application process is quick and painless. To be eligible, borrowers must meet a few general criteria.
What is a Payday Advance Loan? What Can It Pay For?
A paycheck advance loan is where the borrower will receive a petite sum of cash on a short-term basis. This is deemed to be an unsecured loan due to the fact that no collateral is required.
When unexpected bills present themselves, like missed rent or utility costs, car repairs, health or vet bills, and so forth, people commonly turn to cash advance loans.
Payday Loan Requirements In Timberwood Park, Texas
In Timberwood Park, TX, payday loan borrowers must meet several criteria to be eligible for a loan.
The borrower is required to:
- Show proof that they live in Timberwood Park, Texas
- Must be 18 years of age
- Have a steady income that they can prove that's at least $1,000 per month
- Give up-to-date contact information including cell phone number and email address
- Give their social security number
If a borrower does not meet the above criteria, they will automatically be denied a payday advance loan. Ensure that you have the documents needed when applying.
Laws and Rules Regarding Payday Loans in Timberwood Park, TX
Texas has ruled payday lending legal. Still, they have put forth the below rules and regulations for the payday advance lending industry:
- An individual lender can't extend a loan greater than $600. Borrowers cannot have more than two active 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 are not allowed to rollover their loans.
- The fees and charges vary for each lender. The service fees charged by the lender on each loan or transaction are not considered 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 much as 369%.
Will Payday Advance Lenders in Timberwood Park, TX, Complete Credit Checks? What If I Have Poor/No Credit History At All?
Yes, the lenders we have a relationship with will complete a credit check on you, but, 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 commonly unbothered by your credit if you provide proof of income and a plan to pay back the loan.
Lenders will use a soft credit check, which will not impact your credit score. This is simply to get a look at your credit history and basic information.
A hard credit pull, dissimilarly, must have your permission. These credit inquiries are done for a variety of purposes, including mortgages, credit cards, and more.
You can still be approved for a cash advance loan with bad credit in Timberwood Park, TX, 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 easily accessible and any other documents verifying that you can repay the loan. The more evidence you have, the more likely your loan application will be approved.
When Will I See My Deposit in Timberwood Park, Texas?
When you get your cash actually depends on the lender as some lenders offer same-day payday advance loans, which means you will get your paycheck advance loan on the same day you request a loan, as long as you receive an approval.
Much of the time, however, lenders will send the borrower their lump sum on the following business day. Businesses often close for holidays and weekends. Therefore, if you apply on a Friday, you may not see your cash until Monday.
If you're needing a same-day cash advance loan in Timberwood Park, Texas, you will need to make sure you're applying by 10:30 am. All same-day deposits going out that day will be approved by that deadline. However, you should submit an application earlier than that if possible, as it will boost the likelihood that you receive your deposit on the same day that you submit your application.
One more factor that you should be aware of is even if the lender grants your loan request and posts the deposit to your bank, sometimes the bank won't release that deposit right away. It's paramount that you let your bank know that you plan to receive a cash advance loan, so they might make an exception in releasing the cash earlier.
Overall, it's best to prepare ahead of time 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 wanting to secure a payday advance loan, think about applying through us, as you usually have a higher chance of approval.
We work with more than one hundred different lenders who offer their services online. Frequently you will get your loan on the next business day so ensure that you plan correctly.
Although, you can always find the closest cash advance loan store to you and apply in person to strengthen the chances of seeing your loan on the same day. When applying in person, ensure that you have your government ID or driver's license; a passport is sufficient. Occasionally, lenders may ask for proof of address, so bring a utility bill to the store as well.
To find the nearest cash advance loan storefront, please navigate to the list below and search for your city.
Payday Loan Direct Lender Companies in Timberwood Park, TX
Below you will find a list of payday loan companies offering their services in Timberwood Park, Texas. If you can't find a lender near your location in Timberwood Park, 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 Timberwood Park, 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.