Payday Loans in West Jordan, Utah

Incidents happen, and we usually wind up in a situation where we have to cover some unexpected expenses. Consider submitting an application for a payday loan in West Jordan, UT, to see if you meet the requirements.

The loan application process is swift and effortless. To be qualified, borrowers must meet a couple of simple requirements.

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

A paycheck advance loan is where the borrower will receive a small sum of cash on a short-term agreement. This is deemed to be an unsecured loan due to the fact that no collateral is required.

When surprise expenses come up, such as late rent or utility fees, car fees, medical or vet payments, and so forth, individuals usually turn to payday advance loans.

Payday Advance Loan Stipulations In West Jordan, UT

In West Jordan, UT, payday advance loan borrowers must satisfy a few criteria to be eligible for a loan.

The borrower has to:

• Prove that they reside in West Jordan, Utah
• Must be 18 years old
• Receive an income that they can provide proof of being at least $1,000/month
• Give active contact information like phone number and email address
• Provide their SSN

If a borrower does not satisfy the above requirements, they will automatically be denied a paycheck advance loan. Ensure that you can provide the documentation needed when submitting your application.

Laws and Regulations Concerning Cash Advance Loans in West Jordan, Utah

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

• An individual lender can't extend a loan greater than $600. Borrowers may not have greater than two outstanding 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 may not rollover their loans.
• The fees and charges change for each money lender. The service costs 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 between 11-15%.
• An interest rate must be mutually decided upon. APR can be as high as 369%.

Will Payday Advance Lenders in West Jordan, Utah, 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, but, even if you have no credit or less than stellar credit, you may still be eligible for a loan given that you can show that you can repay the loan. Lenders are usually unconcerned about your credit history if you offer proof of income and a plan to pay back the loan.

Lenders will use a soft credit inquiry, which will not impact your credit score. This is solely to get an idea of your credit history and basic information.

A hard credit pull, on the other hand, must have your permission. These credit inquiries are performed for various purposes, including mortgages, credit cards, and more.

You may still qualify for a payday loan with less than great credit in West Jordan, UT, if you can prove you will repay the loan.

So, when you request a loan, albeit in person or online, make sure that you have your income information ready and any other documents verifying that you can pay back the loan. The more evidence you show, the better chance you are to be approved.

When Will I See My Money in West Jordan, Utah?

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

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

If you're searching for a same-day payday loan in West 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 deadline. However, you should submit an application earlier than that if possible, as it will boost the likelihood that you see your money on the same day that you submit your application.

One other consideration that you should understand is despite if the lender approves your application and posts the loan to your bank, sometimes the bank won't release that deposit right away. It's paramount 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 deposit earlier.

Overall, it's best to prepare ahead of time to receive money on the next business day. That way, you're not left in the lurch if you cannot receive it on the same day.

Consider Borrowing From Us

If you possess underwhelming credit or no credit and are needing to get a paycheck advance loan, consider applying with us, as you probably have a higher chance of approval.

We work with hundreds of different lenders who provide their services online. Much of the time you will see your funds on the following business day so make sure that you plan appropriately.

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

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

Payday Loan Direct Lender Companies in West Jordan, UT

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