Payday Loans in Bothell East, Washington
Life happens, and we usually find ourselves in a situation where we have to pay for some surprise bills. Think about applying for a cash advance loan in Bothell East, WA, to see if you qualify.
The application process is quick and painless. To be eligible, borrowers must meet a couple of basic criteria.
What is a Payday Advance Loan? What Can It Be Put Towards?
A payday advance loan is where the borrower will receive a small sum of cash on a short-term contract. This is deemed to be an unsecured loan as no collateral is expected.
When surprise financial needs come up, for example missed rent or utility payments, auto fees, medical or vet costs, and so on, individuals usually seek out payday loans.
Payday Loan Stipulations In Bothell East, Washington
In Bothell East, WA, payday advance loan borrowers need to satisfy several requirements to be eligible for a loan.
The borrower has to:
- Show proof that they live in Bothell East, WA
- Must be 18 years old
- Have a steady stream of income that they can provide proof of being at least $1,000 per month
- Provide active contact details like phone number and email address
- Give their social security number
If a borrower does not satisfy the above requirements, they will automatically be denied a payday loan. Ensure that you have the documents needed when requesting a loan.
Laws and Regulations Regarding Cash Advance Loans in Bothell East, WA
Washington has deemed paycheck advance lending legal. However, they have set the following rules and regulations for the cash advance lending industry:
- A single money lender can't offer a loan greater than $600. Borrowers may not take out greater than two unpaid 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 Washington, borrowers are unable to rollover their loans.
- The fees and charges are different for each money lender. The service costs enacted by lenders on each loan or transaction are not considered interest. The service fees apply to each $100 borrowed and can vary from 11% up to 15%.
- An interest rate must be mutually settled upon. APR can range up to 369%.
Will Payday Advance Lenders in Bothell East, Washington, Perform Credit Checks? What If I Have Bad/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 may still be approved for a loan provided you can prove that you are able to pay back the loan. Lenders are typically unbothered by your credit if you possess proof of income and a plan to pay back the loan.
Lenders will conduct a soft credit pull, which will not impact your credit score. This is solely to get a feel of your credit history and general information.
A hard credit inquiry, dissimilarly, must have your permission. These credit checks are used for various purposes, such as mortgages, credit cards, and more.
You might still be approved for a cash advance loan with poor credit in Bothell East, Washington, if you can prove you will repay the loan.
So, when you apply, albeit in person or online, ensure that you have your income information available and any other documents verifying that you can repay the loan. The more proof you provide, the better chance you are to be approved.
When Will I Receive My Cash in Bothell East, Washington?
When you see your cash actually depends on your lender as some lenders advertise same-day paycheck advance loans, which means you will get your payday loan on the same day you submit your application, as long as you receive 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. So, if you apply on a Friday, you may not receive your funds until Monday.
If you're needing a same-day payday advance loan in Bothell East, Washington, you will need to be sure that you're applying by 10:30 am. All same-day deposits going out that day will be approved by that time. However, you should submit an application earlier than that if able, as it will boost the likelihood that you receive your funds on the day that you apply.
One other factor that you should understand is despite if the lender approves your application and posts the credit to your bank, occasionally the bank won't release that credit at that time. It's vital that you let your bank know that you plan to receive a payday advance loan, so they might make an exception in releasing the money earlier.
On the whole, it's best to prepare in advance to get money on the following business day. That way, you're not left in the lurch if you cannot get it on the same day.
Consider Borrowing From Us
If you have poor credit or no credit and are looking to get a payday loan, consider applying with us, as you frequently have a better chance of approval.
We partner with over one hundred different lenders who offer their services online. Much of the time you will receive your funds on the following business day so ensure that you plan appropriately.
However, you can always locate the closest payday advance loan storefront to you and apply in person to increase the chances of receiving 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 will work as well. Now and again, lenders may ask for proof of address, so bring a utility bill to the store as well.
To find the nearest paycheck advance loan storefront, please navigate to the list below and find your city.
Payday Loan Direct Lender Companies in Bothell East, WA
Below you will find a list of payday loan companies offering their services in Bothell East, Washington. If you can't find a lender near your location in Bothell East, 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 Bothell East, 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.