Payday Loans in Taylorsville, Utah

Life happens, and we usually wind up in a place where we must pay for some unexpected expenses. Consider applying for a paycheck advance loan in Taylorsville, UT, to see if you are eligible.

The application process is swift and straightforward. To be qualified, you have to satisfy a couple of straightforward criteria.

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

A paycheck advance loan is where the borrower will receive a small sum of money on a short-term contract. This is thought of as an unsecured personal loan as no collateral is required.

When unforeseen expenses come up, such as missed rent or utility bills, auto bills, medical or vet costs, and so forth, individuals often turn to payday advance loans.

Payday Advance Loan Criteria In Taylorsville, UT

In Taylorsville, Utah, payday loan borrowers need to satisfy several stipulations to be eligible for a loan.

The borrower is required to:

• Show proof that they reside in Taylorsville, UT
• Must be 18 years of age
• Receive a steady income that they can prove that's at least $1,000/month
• Give current contact details including 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. Make sure you have the documents needed when applying.

Laws and Regulations Concerning Payday Advance Loans in Taylorsville, Utah

The State of Utah has deemed payday advance lending legal. Although, they have enacted the below rules and laws for the cash advance lending market:

• An individual lender can't offer a loan for more than $600. Borrowers cannot have more than two outstanding loans from different lenders. There is no smallest loan amount.
• The minimum loan term is not determined, the longest loan term length is 31 days. In Utah, borrowers cannot rollover their loans.
• The fees and charges are different for each money lender. The service fees charged by the lender on each loan or transaction do not fall under interest. The service fees apply to every $100 borrowed and can range from 11% up to 15%.
• An interest rate is required to be mutually settled upon. APR can be as high as 369%.

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

Yes, the lenders we have a relationship with will perform a credit check on you, still, even if you have no credit or less than stellar 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 generally unconcerned about your credit history if you provide proof of income and a plan to repay the loan.

Lenders will perform a soft credit inquiry, which will not impact your credit score. This is only to get a look at your credit history and general information.

A hard credit check, on the other hand, requires your permission. These credit pulls are done for a variety of purposes, such as mortgages, credit cards, and more.

You may still qualify for a cash advance loan with poor credit in Taylorsville, Utah, provided that you have proof of repayment.

Therefore, when you apply, albeit in person or online, ensure that you have your income information ready and any other documents showing that you can repay the loan. The more evidence you have, the better chance your loan application will be approved.

When Will I See My Loan in Taylorsville, UT?

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

Much of the time, however, lenders will send the borrower their lump sum on the next business day. Businesses typically close for holidays and weekends. Because of this, if you apply on a Friday, you might not see your money until Monday.

If you're needing a same-day payday advance loan in Taylorsville, 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 deadline. However, you should submit an application earlier than that if able, as it will increase the likelihood that you see your loan on the day that you apply.

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

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

Consider Working With PaydayLoanRadar

If you possess less than great credit or no credit and are wanting to secure a cash advance loan, think about applying with us, as you usually have a better chance of approval.

We work with more than one hundred different lenders who provide their services online. Often you will receive your money on the following business day so make sure that you plan correctly.

However, you can always find the nearest payday loan store to you and apply in person to boost the chances of getting your loan on the same day. When submitting an application in person, ensure that you have your government ID or driver's license; a passport is sufficient. Sometimes, lenders may require proof of address, so take along a utility bill to the store as well.

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

Payday Loan Direct Lender Companies in Taylorsville, UT

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