Payday Loans in Willis, Texas
Incidents happen, and we usually end up in a place where we must cover some unexpected bills. Consider applying for a cash advance loan in Willis, TX, to see if you are eligible.
The loan process is quick and painless. To qualify, loan borrowers must satisfy a couple of basic requirements.
What is a Paycheck Advance Loan? What Can It Be Used For?
A payday advance loan is where the borrower will receive a small amount of money on a short-term basis. This is considered an unsecured loan because no collateral is required.
When surprise expenses present themselves, such as past due rent or utility expenditures, auto fixes, medical or vet fees, and so on, people usually turn to paycheck advance loans.
Paycheck Advance Loan Stipulations In Willis, Texas
In Willis, TX, paycheck advance loan borrowers need to meet several requirements to qualify for a loan.
The borrower is required to:
- Provide proof that they are a resident of Willis, TX
- Must be at least 18
- Receive an income that they can provide proof of being at least $1,000 per month
- Give up-to-date contact information like phone number and email address
- Provide their SSN
If a borrower does not meet the above criteria, they will immediately be denied a paycheck advance loan. Make sure you can provide the documentation required when applying for a loan.
Laws and Regulations Regarding Payday Advance Loans in Willis, Texas
The State of Texas has ruled cash advance lending legal. Although, they have put forth the following rules and regulations for the paycheck advance lending industry:
- An individual lender can't offer a loan in excess of $600. Borrowers cannot have greater than two active loans from different lenders. There is no minimum loan amount.
- The minimum loan term is not set, the maximum loan term length is 31 days. In the State of Texas, borrowers cannot rollover their loans.
- The fees and charges are different for each money lender. The service costs charged by lenders on a loan are not considered interest. The service fees apply to each $100 loaned and can vary 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 Willis, Texas, Perform Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we work with will run a credit check on you, but, even if you possess no credit or bad credit, you may still be approved for a loan provided you can show that you can pay back the loan. Lenders are generally unbothered by your credit if you offer proof of income and a plan to pay back the loan.
Lenders will rely on a soft credit inquiry, which will not impact your credit score. This is simply to get an idea of your credit history and basic information.
A hard credit pull, on the other hand, must have your permission. These credit pulls are performed for a plethora of purposes, including mortgages, credit cards, and more.
You can still qualify for a cash advance loan with bad credit in Willis, Texas, as long as you have proof of repayment.
Therefore, when you request a loan, whether it is in person or online, double check that you have your income information easily accessible and any other documents showing that you can repay the loan. The more evidence you provide, the more likely you are to be approved.
When Will I Receive My Funds in Willis, TX?
When you see your money really relies on the lender as some lenders provide same-day payday advance loans, which means you will get your paycheck advance loan on the same day you apply, as long as you get 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 submit your application on a Friday, you might not receive your funds until Monday.
If you're looking for a same-day payday loan in Willis, Texas, you will need to make sure you're applying by 10:30 am. 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 boost the likelihood that you see your funds on the day that you apply.
One more factor that you should know is even if the lender approves your application and posts the funds to your bank account, sometimes the bank won't release that funds right away. It's vital that you let your bank know that you plan to receive a cash advance loan, so they could possibly make an exception in releasing the loan earlier.
On the whole, it's wise to prepare ahead of time to receive money on the next business day. That way, you're not out of luck if you cannot get it on the same day.
Think About Borrowing From PaydayLoanRadar
If you possess less than great credit or no credit and are needing to secure a paycheck advance loan, think about applying with us, as you most likely have a better chance of approval.
We partner with more than one hundred different lenders who offer their services online. Most of the time you will receive your cash on the next business day so ensure that you plan appropriately.
However, you can always locate the closest paycheck advance loan store to you and apply in person to increase the chances of receiving your cash on the same business day. When submitting an application in person, make sure that you have your government ID or driver's license; a passport is sufficient. Sometimes, lenders may ask for proof of address, so take along a utility bill to the store too.
To locate the nearest cash advance loan storefront, please navigate to the list below and locate your city.
Payday Loan Direct Lender Companies in Willis, TX
Below you will find a list of payday loan companies offering their services in Willis, Texas. If you can't find a lender near your location in Willis, 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 Willis, 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.