Payday Loans in Logan, Utah

Incidents happen, and we often find ourselves in a situation where we have to pay for some surprise expenses. Think about applying for a payday advance loan in Logan, UT, to see if you qualify.

The loan process is swift and simple. To qualify, you must meet a couple of general conditions.

What is a Cash Advance Loan? What Can It Be Used For?

A payday loan is where the borrower will receive a petite amount of funds on a short-term contract. This is considered an unsecured loan due to the fact that no collateral is needed.

When unforeseen bills present themselves, such as past due rent or utility costs, car repairs, health or vet expenditures, and so on, individuals commonly turn to cash advance loans.

Paycheck Advance Loan Criteria In Logan, Utah

In Logan, Utah, paycheck advance loan borrowers are required to meet a few criteria to be eligible for a loan.

The borrower has to:

• Show proof that they live in Logan, Utah
• Must be at least 18
• Receive a steady income that they can prove that's at least $1,000 per month
• Give up-to-date contact details like phone number and email address
• Provide their social security number

If a borrower does not meet the above rules, they will automatically be denied a paycheck advance loan. Ensure that you have the documentation required when submitting your application.

Laws and Regulations Regarding Cash Advance Loans in Logan, Utah

Utah has ruled cash advance lending legal. Still, they have put forth the following rules and regulations for the paycheck advance lending industry:

• A single money lender can't extend a loan in excess of $600. Borrowers are not allowed to possess more than two outstanding loans from different lenders. There is no smallest loan amount.
• The minimum loan term is not set, the maximum loan term length is 31 days. In the State of Utah, borrowers may not rollover their loans.
• The fees and charges change for each loan lender. The service costs charged by lenders on a payday loan do not fall under interest. The service fees apply to every $100 loaned and can vary between 11-15%.
• An interest rate must be mutually decided upon. APR can be as much as 369%.

Will Payday Lenders in Logan, Utah, Run Credit Checks? What If I Have Bad/No Credit History At All?

Yes, the lenders we have a relationship with will run a credit check on you, still, even if you have no credit or bad credit, you may still be eligible for a loan as long as you can prove that you can pay back the loan. Lenders are usually unconcerned about your credit history if you possess proof of income and a plan to pay back the loan.

Lenders will use a soft credit check, which will have no impact on your credit score. This is only to get a look at your credit history and basic information.

A hard credit inquiry, dissimilarly, needs your explicit consent. These credit pulls are performed for a variety of purposes, such as mortgages, credit cards, and more.

You can still be approved for a payday loan with imperfect credit in Logan, Utah, as long as you can prove you will repay the loan.

Therefore, when you request a loan, whether it is in person or online, make sure that you have your income information at hand and any other documents proving that you can pay back the loan. The more evidence you possess, the better chance you are to be approved.

When Will I See My Deposit in Logan, UT?

When you get your loan truly relies on the lender as some lenders advertise same-day paycheck advance loans, which means you will receive your payday loan on the same day you request a loan, as long as you're approved.

Most of the time, however, lenders will give the borrower their lump sum on the next business day. Businesses often close for holidays and weekends. So, if you apply on a Friday, you might not receive your deposit until Monday.

If you're searching for a same-day paycheck advance loan in Logan, Utah, you will need to be sure that you're applying by 10:30 am. Any and all same-day deposits going out that day will be approved by that time. However, you should submit an application earlier than that if possible, as it will increase the likelihood that you get your money on the day that you apply.

One more consideration that you should be aware of is despite if the lender grants your loan request and posts the deposit to your checking account, sometimes the bank won't release that credit immediately. It's paramount that you let your bank know that you plan to get a payday loan, so they might make an exception in releasing the loan earlier.

Overall, it's best to prepare in advance to receive cash on the following business day. That way, you're not surprised if you cannot get it on the same day.

Consider Working With Us

If you possess underwhelming credit or no credit and are needing to get a paycheck advance loan, think about applying with us, as you most likely have a higher chance of approval.

We work with more than one hundred different lenders who offer their services online. Much of the time you will receive your cash on the following business day so make sure that you plan accordingly.

Although, you can always locate the nearest cash advance loan store to you and apply in person to increase the chances of receiving your money on the same day. When requesting a loan in person, make sure that you have your government ID or driver's license; a passport will work as well. Now and again, lenders may require proof of address, so take along a utility bill to the store too.

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

Payday Loan Direct Lender Companies in Logan, UT

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