Payday Loans in Washington, Utah

Incidents happen, and we usually find ourselves in a situation where we must pay for some surprise bills. Think about applying for a payday loan in Washington, Utah, to see if you meet the requirements.

The loan application process is quick and straightforward. To qualify, borrowers have to meet a few basic requirements.

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

A payday loan is where the borrower will receive a petite sum of cash on a short-term basis. This is thought of as an unsecured personal loan because no collateral is needed.

When surprise expenses come up, like missed rent or utility bills, vehicle repairs, health or vet payments, and so on, people often turn to cash advance loans.

Cash Advance Loan Criteria In Washington, Utah

In Washington, UT, payday advance loan borrowers need to satisfy a few stipulations to be eligible for a loan.

The borrower must:

• Prove that they live in Washington, Utah
• Must be 18 years old
• Have a steady income that they can provide proof of being at least $1,000/month
• Give up-to-date contact details such as phone number and email address
• Give their social security number

If a borrower does not meet the above requirements, they will automatically be denied a cash advance loan. Ensure that you have the documents required when applying for a loan.

Laws and Rules Regarding Payday Advance Loans in Washington, Utah

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

• A single money lender can't extend a loan greater than $600. Borrowers are not allowed to possess greater than two active loans from different lenders. There is no smallest loan amount.
• The minimum loan term is not set, the longest loan term length is 31 days. In Utah, borrowers are not allowed to 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 loaned and can vary between 11-15%.
• An interest rate is required to be mutually agreed upon. APR can be as high as 369%.

Will Payday Advance Lenders in Washington, Utah, Run Credit Checks? What If I Have Bad/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 less than optimal credit, you may still be eligible for a loan as long as you can show that you are able to repay the loan. Lenders are commonly unconcerned about your credit history if you possess proof of income and a plan to repay the loan.

Lenders will use a soft credit pull, which will have no impact on your credit score. This is simply to get an idea of your credit history and basic information.

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

You may still be approved for a cash advance loan with bad credit in Washington, Utah, if you can prove you will repay the loan.

Therefore, when you apply, whether it is in person or online, ensure that you have your income information easily accessible and any other documents showing that you can pay back the loan. The more evidence you show, the better chance your loan application will be approved.

When Will I Get My Funds in Washington, Utah?

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

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

If you're searching for a same-day paycheck advance loan in Washington, Utah, you will need to ensure you're applying by 10:30 am. All same-day loans going out that day will be approved by that time. However, you should request a loan earlier than that if able, as it will boost the likelihood that you see your cash on the day that you apply.

One other consideration that you should understand is even if the lender grants your loan request and posts the credit to your checking account, occasionally the bank won't release that funds immediately. It's vital that you let your bank know that you plan to receive a cash advance loan, so they could possibly make an exception in releasing the money earlier.

On the whole, it's best to prepare ahead of time to get your funds on the next business day. That way, you're not surprised if you cannot get it on the same day.

Consider Working With Us

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

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

Although, you can always locate the nearest payday loan store to you and apply in person to strengthen the chances of getting your funds on the same day. When submitting an application in person, make sure that you have your government ID or driver's license; a passport is sufficient. Occasionally, lenders may ask for proof of address, so bring a utility bill to the store as well.

To find the nearest paycheck advance loan store, please navigate to the list below and search for your city.

Payday Loan Direct Lender Companies in Washington, UT

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