Payday Loans in Midvale, Utah

Life happens, and we usually find ourselves in a situation where we have to pay for some unforeseen expenses. Consider applying for a cash advance loan in Midvale, Utah, to see if you qualify.

The loan process is swift and simple. To be eligible, you have to meet a few general criteria.

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

A cash advance loan is where the borrower will get a small sum of funds on a short-term basis. This is considered an unsecured loan because no collateral is expected.

When surprise financial needs arise, such as past due rent or utility bills, vehicle bills, health or vet expenditures, and so on, individuals frequently rely upon payday loans.

Paycheck Advance Loan Stipulations In Midvale, Utah

In Midvale, UT, payday advance loan borrowers are required to satisfy several stipulations to be eligible for a loan.

The borrower is required to:

• Prove that they live in Midvale, UT
• Must be 18 years old
• Have a steady stream of income that they can provide proof of being at least $1,000 per month
• Provide current contact information such as phone number and email address
• Give their social security number

If a borrower does not meet the above rules, they will immediately be denied a paycheck advance loan. Ensure that you have the documents required when applying.

Laws and Regulations Regarding Paycheck Advance Loans in Midvale, UT

The State of Utah has ruled cash advance lending legal. However, they have put forth the following rules and regulations for the cash advance lending market:

• An individual money lender cannot extend a loan greater than $600. Borrowers may not possess more than two unpaid loans from different lenders. There is no smallest loan amount.
• There is no minimum loan term, the maximum loan term length is 31 days. In the State of Utah, borrowers are not allowed to rollover their loans.
• The fees and charges are different for each lender. The service fees enacted by lenders 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 decided upon. APR can be as much as 369%.

Will Cash Advance Lenders in Midvale, UT, Complete 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 bad credit, you may still be approved for a loan as long as you can prove that you are able to pay back the loan. Lenders are usually unbothered by your credit history if you provide proof of income and a plan to repay the loan.

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

A hard credit inquiry, alternatively, must have your explicit consent. These credit inquiries are used for a plethora of purposes, such as mortgages, credit cards, and more.

You may still qualify for a cash advance loan with bad credit in Midvale, 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, ensure that you have your income information available and any other documents verifying that you can repay the loan. The more evidence you provide, the better chance your loan request will be granted.

When Will I Receive My Money in Midvale, Utah?

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

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

If you're looking for a same-day payday loan in Midvale, UT, you will need to be sure that you're applying by 10:30 am. Any and all same-day funds going out that day will be approved by that deadline. However, you should apply earlier than that if able, as it will boost the likelihood that you receive your cash on the same day that you apply.

One other consideration that you should understand is despite if the money lender approves your application and posts the credit to your bank account, sometimes the bank won't release that loan at that time. It's vital that you let your bank know that you plan to receive a payday loan, so they could possibly make an exception in releasing the cash earlier.

On the whole, it's best to prepare in advance to get money on the following business day. That way, you're not left in the lurch if you cannot get it on the same day.

Think About Borrowing From Us

If you possess less than great credit or no credit and are looking to secure a payday loan, consider applying with us, as you probably have a higher chance of approval.

We work with hundreds of different lenders who offer their services online. Often you will see your loan on the following business day so make sure that you plan accordingly.

Although, you can always find the closest paycheck advance loan store to you and apply in person to increase the chances of receiving your money on the same business day. When requesting a loan in person, make sure that you have your government ID or driver's license; a passport is sufficient. Sometimes, lenders may require proof of address, so bring a utility bill to the store too.

To locate the nearest payday advance loan store, please use the list below and locate your city.

Payday Loan Direct Lender Companies in Midvale, UT

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