Payday Loans in Aberdeen, Washington
Life happens, and we usually wind up in a place where we must pay for some surprise costs. Think about submitting an application for a payday advance loan in Aberdeen, WA, to see if you meet the requirements.
The loan application process is swift and painless. To be eligible, loan borrowers must meet a couple of basic criteria.
What is a Paycheck Advance Loan? What Can It Cover?
A cash advance loan is where the borrower will get a petite sum of cash on a short-term basis. This is deemed to be an unsecured loan as no collateral is required.
When surprise expenses come up, like past due rent or utility bills, auto costs, medical or vet payments, and so on, people commonly seek out paycheck advance loans.
Cash Advance Loan Requirements In Aberdeen, WA
In Aberdeen, WA, payday advance loan borrowers are required to meet a few requirements to qualify for a loan.
The borrower must:
- Prove that they are a resident of Aberdeen, Washington
- Must be 18 years of age
- Receive a steady stream of income that they can provide proof of being at least $1,000/month
- Provide active contact information such as phone number and email address
- Give their social security number
If a borrower does not satisfy the above requirements, they will immediately be denied a payday advance loan. Make sure you possess the documents needed when requesting a loan.
Laws and Rules Concerning Paycheck Advance Loans in Aberdeen, Washington
The State of Washington has ruled paycheck advance lending legal. Still, they have enacted the following rules and regulations for the payday lending market:
- An individual lender cannot offer a loan greater than $600. Borrowers may not have more than two outstanding loans from different lenders. There is no smallest loan amount.
- The minimum loan term is not set, the maximum loan term length is 31 days. In the State of Washington, borrowers may not rollover their loans.
- The fees and charges vary for each money lender. The service fees enacted by the lender on a loan are not considered 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 agreed upon. APR can be as high as 369%.
Will Cash Advance Lenders in Aberdeen, Washington, Perform Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we have a relationship with will do a credit check on you, still, even if you possess no credit or dismal credit, you might still be eligible for a loan as long as you can show that you can pay back the loan. Lenders are commonly unconcerned about your credit history if you provide proof of income and a strategy to repay the loan.
Lenders will perform a soft credit pull, which will not impact your credit score. This is simply to get a feel of your credit history and basic information.
A hard credit check, alternatively, needs your permission. These credit checks are done for a variety of purposes, including mortgages, credit cards, and more.
You can still be approved for a paycheck advance loan with poor credit in Aberdeen, WA, 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 showing that you can pay back the loan. The more evidence you provide, the better chance your loan request will be granted.
When Will I See My Funds in Aberdeen, Washington?
When you receive your loan truly relies on your lender as some lenders offer same-day paycheck advance loans, which means you will see your cash advance loan on the same day you submit your application, as long as you get an approval.
Most of the time, however, lenders will give the borrower their lump sum on the next business day. Businesses often close for holidays and weekends. Therefore, if you submit your application on a Friday, you may not receive your loan until Monday.
If you're looking for a same-day paycheck advance loan in Aberdeen, Washington, you will need to be sure that you're applying by 10:30 am. All same-day funds going out that day will be approved by that time. However, you should submit an application earlier than that if possible, as it will boost the likelihood that you get your funds on the same day that you submit your application.
One additional consideration that you should understand is even if the money lender grants your loan request and posts the credit to your bank, occasionally the bank won't release that deposit at that time. It's important to let your bank know that you plan to receive a payday advance loan, so they could possibly make an exception in releasing the funds earlier.
Overall, it's best to prepare ahead of time to receive 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 PaydayLoanRadar
If you have poor credit or no credit and are wanting to get a paycheck advance loan, consider applying through us, as you probably have a higher chance of approval.
We partner with more than one hundred different lenders who offer their services online. Frequently you will get your cash on the following business day so make sure that you plan accordingly.
However, you can always locate the nearest paycheck advance loan storefront to you and apply in person to strengthen the chances of receiving your funds 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 as well.
To locate the nearest payday advance loan storefront, please refer to the list below and locate your city.
Payday Loan Direct Lender Companies in Aberdeen, WA
Below you will find a list of payday loan companies offering their services in Aberdeen, Washington. If you can't find a lender near your location in Aberdeen, consider applying in a nearby city in Washington. Alternatively, you can apply online on our website and get a decision almost instantly.
If you can't find a lender near your location in Aberdeen, consider checking out payday loan lenders in nearby cities. Alternatively, apply online on our website and get an instant decision. If approved, you will get your cash the same or next business day.