Payday Loans in Burien, Washington
Things happen, and we usually wind up in a place where we have to cover some unexpected costs. Think about submitting an application for a payday loan in Burien, WA, to see if you qualify.
The loan request process is fast and effortless. To qualify, loan borrowers must satisfy a couple of basic requirements.
What is a Paycheck Advance Loan? What Can It Pay For?
A payday loan is where the borrower will receive a petite sum of money on a short-term contract. This is considered an unsecured personal loan as no collateral is expected.
When unforeseen financial needs come up, like late rent or utility costs, auto fixes, health or vet fees, and so on, people frequently rely upon paycheck advance loans.
Payday Loan Stipulations In Burien, WA
In Burien, WA, cash advance loan borrowers are required to satisfy several criteria to be eligible for a loan.
The borrower has to:
- Provide proof that they are a resident of Burien, WA
- Must be at least 18
- Have a steady income that they can provide proof of being at least $1,000/month
- Provide current 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 paycheck advance loan. Ensure that you have the documents required when requesting a loan.
Laws and Regulations Regarding Payday Advance Loans in Burien, Washington
The State of Washington has deemed cash advance lending legal. Although, they have put forth the following rules and regulations for the paycheck advance lending market:
- An individual lender cannot offer a loan in excess of $600. Borrowers cannot 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 Washington, borrowers are unable to rollover their loans.
- The fees and charges change for each lender. The service costs charged by the lender on a cash advance loan are not considered interest. The service fees apply to every $100 borrowed and can vary between 11-15%.
- An interest rate must be mutually settled upon. APR can range up to 369%.
Will Paycheck Advance Lenders in Burien, Washington, Perform Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we work with will complete a credit check on you, still, even if you have no credit or poor credit, you may still be eligible for a loan as long as you can prove that you are able to pay back the loan. Lenders are usually unbothered by your credit history if you possess 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 only to get a feel of your credit history and general information.
A hard credit check, alternatively, requires your explicit consent. These credit pulls are utilized for a plethora of purposes, such as mortgages, credit cards, and more.
You might still be approved for a payday loan with less than great credit in Burien, Washington, as long as you can prove you will repay the loan.
So, when you apply, albeit in person or online, make sure that you have your income information available and any other documents proving that you can repay the loan. The more evidence you provide, the more likely your loan application will be approved.
When Will I Receive My Money in Burien, Washington?
When you see your money really depends on the lender as some lenders offer same-day payday loans, which means you will get your payday advance loan on the same day you submit your application, as long as you're approved.
Most of the time, however, lenders will send the borrower their lump sum on the following business day. Businesses usually close for holidays and weekends. So, if you apply on a Friday, you may not get your deposit until Monday.
If you're wanting a same-day payday advance loan in Burien, WA, you will need to make sure you're applying by 10:30 am. All same-day payments 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 receive your money on the same day that you apply.
One more consideration that you should be aware of is even if the money lender grants your loan request and posts the deposit to your checking account, occasionally the bank won't release that loan right away. It's paramount that you let your bank know that you plan to receive a payday loan, so they might make an exception in releasing the deposit earlier.
Overall, it's wise to prepare in advance to receive your funds on the next business day. That way, you're not surprised if you cannot receive it on the same day.
Think About Working With Us
If you have less than great credit or no credit and are wanting to get a payday advance loan, think about applying through us, as you usually have a higher chance of approval.
We work with hundreds of different lenders who provide their services online. Frequently you will see your deposit on the following business day so ensure that you plan correctly.
However, you can always find the nearest cash advance loan storefront to you and apply in person to strengthen the chances of receiving your cash on the same day. When applying in person, ensure that you have your government ID or driver's license; a passport is sufficient. Now and again, lenders may request proof of address, so bring a utility bill to the store too.
To locate the nearest paycheck advance loan storefront, please refer to the list below and locate your city.
Payday Loan Direct Lender Companies in Burien, WA
Below you will find a list of payday loan companies offering their services in Burien, Washington. If you can't find a lender near your location in Burien, 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 Burien, 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.