Payday Loans in South Jordan, Utah

Events happen, and we often find ourselves in a place where we must pay for some unforeseen bills. Think about submitting an application for a payday advance loan in South Jordan, Utah, to see if you meet the requirements.

The application process is swift and straightforward. To be qualified, borrowers must meet a few simple criteria.

What is a Cash Advance Loan? What Can It Pay For?

A payday advance loan is where the borrower will receive a petite sum of funds on a short-term basis. This is thought of as an unsecured loan as no collateral is required.

When unforeseen costs present themselves, like past due rent or utility costs, auto costs, medical or vet expenditures, and so forth, people commonly seek out cash advance loans.

Cash Advance Loan Requirements In South Jordan, UT

In South Jordan, Utah, paycheck advance loan borrowers are required to meet a few stipulations to be eligible for a loan.

The borrower must:

• Prove that they reside in South Jordan, Utah
• Must be 18 years old
• Receive a steady stream of income that they can prove that's at least $1,000 per month
• Give active contact information like cell phone number and email address
• Provide their SSN

If a borrower does not satisfy the above requirements, they will automatically be denied a payday advance loan. Make sure you have the documentation needed when applying.

Laws and Rules Concerning Paycheck Advance Loans in South Jordan, UT

Utah has ruled payday lending legal. Still, they have created the following rules and regulations for the cash advance lending market:

• An individual money lender can't extend a loan greater than $600. Borrowers are not allowed to take out greater than two outstanding loans from different lenders. There is no minimum loan amount.
• The minimum loan term is not determined, the longest loan term length is 31 days. In Utah, borrowers are unable to rollover their loans.
• The fees and charges change for each money lender. The service costs charged by lenders on a payday loan are not considered interest. The service fees apply to every $100 borrowed and can vary between 11-15%.
• An interest rate must be mutually decided upon. APR can range up to 369%.

Will Paycheck Advance Lenders in South Jordan, Utah, Complete Credit Checks? What If I Have Dismal/No Credit History At All?

Yes, the lenders we work with will do a credit check on you, but, even if you have no credit or bad credit, you might still be approved for a loan provided you can prove that you can pay back the loan. Lenders are commonly unbothered by your credit history if you provide proof of income and a strategy to pay back the loan.

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

A hard credit pull, on the other hand, needs your permission. These credit pulls are performed for various purposes, including mortgages, credit card applications, and more.

You might still be approved for a payday advance loan with poor credit in South Jordan, Utah, if you have proof of repayment.

So, when you apply for a loan, whether it is in person or online, double check that you have your income information available and any other documents showing that you can repay the loan. The more proof you have, the better chance your loan request will be granted.

When Will I Receive My Loan in South Jordan, Utah?

When you receive your deposit really depends on the lender as some lenders offer same-day payday loans, which means you will receive your payday advance loan on the same day you request a loan, as long as you're approved.

Most of the time, though, lenders will send the borrower their lump sum on the next business day. Businesses generally close for holidays and weekends. Because of this, if you apply on a Friday, you might not get your cash until Monday.

If you're needing a same-day payday loan in South Jordan, Utah, 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 cut-off. However, you should apply earlier than that if able, as it will increase the likelihood that you see your money on the day that you apply.

One more factor that you should know is even if the money lender grants your loan request and posts the loan to your bank account, sometimes the bank won't release that funds at that time. It's vital that you let your bank know that you plan to get a paycheck advance loan, so they might make an exception in releasing the cash earlier.

On the whole, it's best to prepare ahead of time to get your loan on the following business day. That way, you're not out of luck if you cannot receive it on the same day.

Consider Borrowing From Us

If you have poor credit or no credit and are wanting to secure a cash advance loan, consider applying with us, as you frequently have a better chance of approval.

We work with over one hundred different lenders who provide their services online. Most of the time you will see your cash on the next business day so make sure that you plan accordingly.

However, you can always find the closest payday loan storefront to you and apply in person to increase the chances of receiving your cash on the same business day. When applying in person, ensure that you have your government ID or driver's license; a passport is sufficient. Infrequently, lenders may ask for proof of address, so take along a utility bill to the store too.

To find the nearest cash advance loan storefront, please use the list below and locate your city.

Payday Loan Direct Lender Companies in South Jordan, UT

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