Payday Loans in Clearfield, Utah

Incidents happen, and we often wind up in a spot where we must cover some unexpected costs. Think about submitting an application for a cash advance loan in Clearfield, Utah, to see if you meet the requirements.

The loan application process is fast and painless. To be eligible, you have to satisfy a few straightforward requirements.

What is a Payday Advance Loan? What Can It Cover?

A cash advance loan is where the borrower will get a petite amount of money on a short-term contract. This is thought of as an unsecured loan due to the fact that no collateral is needed.

When unforeseen expenses present themselves, such as past due rent or utility costs, vehicle costs, medical or vet fees, and so on, individuals usually turn to paycheck advance loans.

Payday Advance Loan Stipulations In Clearfield, UT

In Clearfield, Utah, payday advance loan borrowers must meet several requirements to be eligible for a loan.

The borrower has to:

• Provide proof that they are a resident of Clearfield, UT
• Must be 18 or older
• Have a steady stream of income that they can provide proof of being at least $1,000 per month
• Give up-to-date contact details including phone number and email address
• Provide their SSN

If a borrower does not meet the above criteria, they will automatically be denied a payday advance loan. Ensure that you can provide the documents required when applying.

Laws and Rules Regarding Payday Loans in Clearfield, Utah

Utah has deemed cash advance lending legal. Although, they have set the following rules and regulations for the paycheck advance lending market:

• An individual lender can't extend a loan for more than $600. Borrowers may not possess greater than two unpaid 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 Utah, borrowers may not rollover their loans.
• The fees and charges vary for each loan lender. The service fees charged by the lender on a cash advance loan 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 settled upon. APR can range up to 369%.

Will Payday Lenders in Clearfield, Utah, Perform Credit Checks? What If I Have Poor/No Credit History At All?

Yes, the lenders we partner with will perform a credit check on you, still, even if you have no credit or bad credit, you might still be approved for a loan as long as you can prove that you are able to pay back the loan. Lenders are commonly unbothered by your credit history if you offer proof of income and a strategy to repay the loan.

Lenders will rely on a soft credit pull, which will not impact your credit score. This is solely to get a look at your credit history and general information.

A hard credit inquiry, on the other hand, requires your explicit consent. These credit pulls are used for a plethora of purposes, such as mortgages, credit cards, and more.

You might still qualify for a paycheck advance loan with less than great credit in Clearfield, UT, provided that 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 verifying that you can repay the loan. The more proof you possess, the better chance your loan application will be approved.

When Will I See My Loan in Clearfield, Utah?

When you receive your funds actually relies on your lender as some lenders provide same-day cash advance loans, which means you will get your cash advance loan on the same day you apply, as long as you get an approval.

Most of the time, though, lenders will send the borrower their lump sum on the following business day. Businesses generally close for holidays and weekends. So, if you apply on a Friday, you may not receive your loan until Monday.

If you're needing a same-day cash advance loan in Clearfield, UT, you will need to make sure you're applying by 10:30 am. Any and all same-day payments going out that day will be approved by that deadline. However, you should submit an application earlier than that if able, as it will increase the likelihood that you see your funds on the day that you apply.

One additional factor that you should know is even if the money lender approves your application and posts the loan to your bank, occasionally the bank won't release that loan at that time. It's vital that you let your bank know that you plan to get a cash advance loan, so they could possibly make an exception in releasing the deposit earlier.

Overall, it's wise to prepare in advance to receive your loan on the following business day. That way, you're not out of luck if you cannot receive it on the same day.

Think About Working With Us

If you have bad credit or no credit and are looking to secure a payday loan, think about applying through us, as you usually have a higher chance of approval.

We partner with over one hundred different lenders who offer their services online. Much of the time you will see your loan on the next business day so make sure that you plan accordingly.

However, you can always find the nearest payday loan store to you and apply in person to increase the chances of getting your loan 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 will work as well. Sometimes, lenders may ask for proof of address, so bring a utility bill to the store too.

To find the nearest payday loan storefront, please refer to the list below and find your city.

Payday Loan Direct Lender Companies in Clearfield, UT

Below you will find a list of payday loan companies offering their services in Clearfield, Utah. If you can't find a lender near your location in Clearfield, consider applying in a nearby city in Utah. Alternatively, you can apply online on our website and get a decision almost instantly.