Payday Loans in Pleasant Grove, Utah

Events happen, and we often find ourselves in a place where we have to cover some surprise costs. Consider applying for a paycheck advance loan in Pleasant Grove, UT, to see if you are eligible.

The loan application process is swift and simple. To be qualified, borrowers must satisfy a couple of basic criteria.

What is a Payday Loan? What Can It Be Put Towards?

A payday advance loan is where the borrower will receive a small amount of cash on a short-term agreement. This is deemed to be an unsecured personal loan as no collateral is required.

When surprise expenses arise, for example missed rent or utility payments, vehicle fees, medical or vet bills, and so forth, individuals often seek out payday loans.

Cash Advance Loan Criteria In Pleasant Grove, Utah

In Pleasant Grove, UT, payday loan borrowers must meet several stipulations to qualify for a loan.

The borrower is required to:

• Show proof that they live in Pleasant Grove, Utah
• Must be 18 years of age
• Have a steady income that they can provide proof of being at least $1,000/month
• Give current contact details including phone number and email address
• Give their SSN

If a borrower does not abide by the above requirements, they will automatically be denied a cash advance loan. Make sure you have the documents needed when submitting your application.

Laws and Regulations Concerning Paycheck Advance Loans in Pleasant Grove, Utah

The State of Utah has deemed payday lending legal. However, they have created the following rules and laws for the payday lending industry:

• A single money lender cannot extend a loan greater than $600. Borrowers are not allowed to have greater 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 are not allowed to rollover their loans.
• The fees and charges vary for each money lender. The service costs charged by the lender on a loan are not considered interest. The service fees apply to each $100 loaned and can range between 11-15%.
• An interest rate must be mutually settled upon. APR can be as high as 369%.

Will Paycheck Advance Lenders in Pleasant Grove, UT, Perform Credit Checks? What If I Have Dismal/No Credit History At All?

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

Lenders will conduct a soft credit check, which will not impact your credit score. This is only to get a feel of your credit history and general information.

A hard credit pull, alternatively, must have your explicit consent. These credit inquiries are done for a plethora of purposes, such as mortgages, credit card applications, and more.

You may still qualify for a payday loan with less than great credit in Pleasant Grove, Utah, if you can prove you will repay the loan.

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 verifying that you can pay back the loan. The more proof you have, the more likely your loan request will be granted.

When Will I See My Funds in Pleasant Grove, UT?

When you see your money really depends on your lender as some lenders provide same-day cash advance loans, which means you will get your payday advance loan on the same day you submit your application, as long as you get an approval.

Much of the time, though, lenders will give the borrower their lump sum on the following business day. Businesses typically close for holidays and weekends. So, if you submit your application on a Friday, you might not see your cash until Monday.

If you're needing a same-day cash advance loan in Pleasant Grove, Utah, you will need to make sure you're applying by 10:30 am. Any and all same-day deposits going out that day will be approved by that deadline. However, you should submit an application earlier than that if possible, as it will boost the likelihood that you receive your funds on the same day that you submit your application.

One additional factor that you should be aware of is even if the money lender approves your application and posts the loan to your checking account, sometimes the bank won't release that deposit right away. It's important to let your bank know that you plan to receive a cash advance loan, so they could possibly make an exception in releasing the deposit earlier.

Overall, it's wise to prepare ahead of time to get your loan on the following business day. That way, you're not surprised if you cannot receive it on the same day.

Consider Working With PaydayLoanRadar

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

We partner with more than one hundred different lenders who offer their services online. Frequently you will see your cash on the following business day so ensure that you plan appropriately.

Although, you can always find the closest payday 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, ensure that you have your government ID or driver's license; a passport will work as well. Sometimes, lenders may request proof of address, so bring a utility bill to the store as well.

To locate the nearest payday loan store, please navigate to the list below and find your city.

Payday Loan Direct Lender Companies in Pleasant Grove, UT

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