Payday Loans in Ogden, Utah
Life happens, and we usually wind up in a spot where we have to pay for some unexpected expenses. Think about submitting an application for a cash advance loan in Ogden, Utah, to see if you are eligible.
The application process is quick and simple. To qualify, borrowers must meet a couple of general conditions.
What is a Cash Advance Loan? What Can It Be Used For?
A cash advance loan is where the borrower will receive a petite sum of money on a short-term contract. This is deemed to be an unsecured personal loan because no collateral is expected.
When unexpected bills present themselves, like late rent or utility costs, car bills, medical or vet expenditures, and so forth, individuals frequently seek out cash advance loans.
Paycheck Advance Loan Requirements In Ogden, UT
In Ogden, UT, payday loan borrowers need to meet several stipulations to qualify for a loan.
The borrower has to:
- Provide proof that they are a resident of Ogden, Utah
- Must be 18 or older
- Receive an income that they can prove that's at least $1,000/month
- Provide current contact information like cell phone number and email address
- Give their social security number
If a borrower does not abide by the above criteria, they will automatically be denied a cash advance loan. Ensure that you have the documentation required when applying for a loan.
Laws and Rules Concerning Cash Advance Loans in Ogden, Utah
Utah has ruled paycheck advance lending legal. Still, they have enacted the following rules and laws for the paycheck advance lending industry:
- An individual lender cannot extend a loan for more than $600. Borrowers may not possess more 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 money lender. The service fees enacted by the lender on a loan are not considered interest. The service fees apply to each $100 borrowed and can vary between 11-15%.
- An interest rate is required to be mutually settled upon. APR can be as high as 369%.
Will Paycheck Advance Lenders in Ogden, UT, Complete Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we work with will perform a credit check on you, but, even if you possess no credit or poor credit, you may still be eligible 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 have 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 simply to get a look at your credit history and general information.
A hard credit pull, alternatively, needs your permission. These credit inquiries are performed for a variety of purposes, such as mortgages, credit card applications, and more.
You may still qualify for a payday advance loan with bad credit in Ogden, UT, if you can prove you will repay the loan.
So, when you request a loan, whether it is in person or online, ensure that you have your income information available and any other documents showing that you can pay back the loan. The more proof you provide, the more likely your loan request will be granted.
When Will I See My Funds in Ogden, UT?
When you receive your deposit truly relies on the lender as some lenders provide same-day payday advance loans, which means you will receive your paycheck advance loan on the same day you apply, as long as you're approved.
Much of the time, however, 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 might not get your money until Monday.
If you're wanting a same-day payday advance loan in Ogden, Utah, 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 possible, as it will increase the likelihood that you see your deposit on the day that you submit your application.
One more consideration that you should understand is despite if the lender approves your application and posts the deposit to your checking account, sometimes the bank won't release that funds at that time. It's important to let your bank know that you plan to get a payday loan, so they might make an exception in releasing the money earlier.
Overall, it's best to prepare in advance to receive your loan on the next business day. That way, you're not left in the lurch if you cannot receive it on the same day.
Consider Borrowing From Us
If you possess poor credit or no credit and are needing to secure a payday advance loan, consider applying through us, as you probably have a better chance of approval.
We work with more than one hundred different lenders who offer their services online. Often you will receive your money on the next business day so make sure that you plan correctly.
Although, you can always find the nearest paycheck advance loan store to you and apply in person to boost the chances of receiving your funds on the same business 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 take along a utility bill to the store too.
To find the nearest payday advance loan store, please navigate to the list below and find your city.
Payday Loan Direct Lender Companies in Ogden, UT
Below you will find a list of payday loan companies offering their services in Ogden, Utah. If you can't find a lender near your location in Ogden, consider applying in a nearby city in Utah. 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 Ogden, 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.