Payday Loans in West Bountiful, Utah

Things happen, and we often wind up in a situation where we must cover some surprise bills. Consider applying for a paycheck advance loan in West Bountiful, Utah, to see if you meet the requirements.

The loan application process is quick and straightforward. To qualify, you have to satisfy a couple of straightforward requirements.

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

A cash advance loan is where the borrower will receive a small amount of funds on a short-term contract. This is considered an unsecured personal loan because no collateral is expected.

When unexpected bills come up, such as late rent or utility bills, vehicle repairs, health or vet expenditures, and so forth, people frequently seek out payday advance loans.

Paycheck Advance Loan Criteria In West Bountiful, UT

In West Bountiful, Utah, cash advance loan borrowers must meet a few stipulations to be eligible for a loan.

The borrower is required to:

• Show proof that they reside in West Bountiful, Utah
• Must be 18 or older
• Receive a steady income that they can provide proof of being at least $1,000 per month
• Provide up-to-date contact information including cell phone number and email address
• Provide their SSN

If a borrower does not abide by the above requirements, they will immediately be denied a payday advance loan. Make sure you possess the documents needed when applying for a loan.

Laws and Rules Concerning Cash Advance Loans in West Bountiful, Utah

The State of Utah has deemed cash advance lending legal. Still, they have put forth the below rules and regulations for the payday advance lending market:

• A single lender cannot extend a loan in excess of $600. Borrowers cannot take out greater than two active loans from different lenders. There is no minimum loan amount.
• There is no minimum loan term, the maximum loan term length is 31 days. In the State of Utah, borrowers may not rollover their loans.
• The fees and charges vary for each loan lender. The service fees charged by lenders on a loan do not fall under interest. The service fees apply to every $100 loaned and can vary from 11% up to 15%.
• An interest rate is required to be mutually agreed upon. APR can be as high as 369%.

Will Paycheck Advance Lenders in West Bountiful, Utah, Complete Credit Checks? What If I Have Poor/No Credit History At All?

Yes, the lenders we work with will run a credit check on you, but, even if you possess no credit or less than stellar credit, you might still be approved for a loan provided you can show that you can repay the loan. Lenders are usually unconcerned about your credit history if you possess proof of income and a plan to repay the loan.

Lenders will perform a soft credit check, which will have no impact on your credit score. This is only to get a look at your credit history and basic information.

A hard credit pull, alternatively, must have 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 payday advance loan with less than great credit in West Bountiful, Utah, as long as you can prove you will repay the loan.

Therefore, when you apply, albeit in person or online, double check that you have your income information at hand and any other documents proving that you can repay the loan. The more proof you show, the better chance your loan application will be approved.

When Will I Receive My Cash in West Bountiful, UT?

When you see your loan really relies on your lender as some lenders provide same-day paycheck advance loans, which means you will get your paycheck advance loan on the same day you submit your application, 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. Therefore, if you apply on a Friday, you might not receive your deposit until Monday.

If you're wanting a same-day payday advance loan in West Bountiful, UT, you will need to be sure that you're applying by 10:30 am. All same-day payments going out that day will be approved by that cut-off. However, you should submit an application earlier than that if possible, as it will increase the likelihood that you see your cash on the same day that you submit your application.

One additional consideration that you should be aware of is even if the lender grants your loan request and posts the deposit to your bank account, sometimes the bank won't release that deposit at that time. It's vital that you let your bank know that you plan to get a cash advance loan, so they could possibly make an exception in releasing the funds earlier.

Overall, it's best to prepare in advance to get money on the next business day. That way, you're not out of luck if you cannot get it on the same day.

Think About Working With PaydayLoanRadar

If you have bad credit or no credit and are needing to secure a paycheck advance loan, think about applying through us, as you most likely have a better chance of approval.

We work with over one hundred different lenders who offer their services online. Much of the time you will see your money on the following business day so make sure that you plan correctly.

Although, you can always find the closest payday loan store to you and apply in person to boost the chances of seeing your money on the same day. When requesting a loan in person, make sure that you have your government ID or driver's license; a passport is sufficient. Occasionally, lenders may require proof of address, so bring a utility bill to the store too.

To locate the nearest payday loan store, please use the list below and locate your city.

Payday Loan Direct Lender Companies in West Bountiful, UT

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