Payday Loans in Hazel Dell, Washington
Things happen, and we often end up in a spot where we must pay for some unexpected expenses. Consider applying for a payday loan in Hazel Dell, Washington, to see if you meet the requirements.
The loan request process is quick and simple. To be eligible, loan borrowers must meet a few simple conditions.
What is a Payday Loan? What Can It Pay For?
A payday loan is where the borrower will receive a small sum of money on a short-term agreement. This is thought of as an unsecured loan as no collateral is expected.
When unforeseen financial needs present themselves, such as past due rent or utility payments, vehicle bills, medical or vet costs, and so on, individuals usually rely upon payday loans.
Payday Advance Loan Stipulations In Hazel Dell, WA
In Hazel Dell, WA, payday loan borrowers must meet a few requirements to be eligible for a loan.
The borrower has to:
- Provide proof that they are a resident of Hazel Dell, Washington
- Must be 18 or older
- Receive a steady income that they can provide proof of being at least $1,000/month
- Give current contact information like cell phone number and email address
- Provide their social security number
If a borrower does not abide by the above requirements, they will automatically be denied a cash advance loan. Make sure you have the documentation required when applying.
Laws and Regulations Regarding Cash Advance Loans in Hazel Dell, Washington
Washington has ruled cash advance lending legal. Still, they have created the following rules and regulations for the paycheck advance lending industry:
- A single lender cannot extend a loan in excess of $600. Borrowers may not take out greater than two outstanding loans from different lenders. There is no minimum loan amount.
- The minimum loan term is not determined, the maximum loan term length is 31 days. In Washington, borrowers are not allowed to rollover their loans.
- The fees and charges are different for each money lender. The service fees charged by lenders on a cash advance loan are not considered interest. The service fees apply to every $100 loaned and can range from 11% up to 15%.
- An interest rate must be mutually settled upon. APR can be as high as 369%.
Will Cash Advance Lenders in Hazel Dell, Washington, Run Credit Checks? What If I Have Bad/No Credit History At All?
Yes, the lenders we partner with will run a credit check on you, but, even if you have no credit or less than stellar credit, you might still be eligible for a loan given that you can show that you are able to pay back the loan. Lenders are typically unconcerned about your credit if you have proof of income and a strategy to repay the loan.
Lenders will rely on a soft credit pull, which will not impact your credit score. This is only to get an idea of your credit history and basic information.
A hard credit inquiry, dissimilarly, needs your permission. These credit pulls are done for a variety of purposes, including mortgages, credit cards, and more.
You can still qualify for a payday advance loan with bad credit in Hazel Dell, WA, as long as you have proof of repayment.
Therefore, when you apply, albeit in person or online, double check that you have your income information at hand and any other documents verifying that you can repay the loan. The more evidence you provide, the more likely your loan application will be approved.
When Will I Get My Loan in Hazel Dell, Washington?
When you see your money really relies on the lender as some lenders provide same-day paycheck advance loans, which means you will see your cash advance loan on the same day you apply, as long as you're approved.
Much of the time, though, lenders will send the borrower their lump sum on the next business day. Businesses generally close for holidays and weekends. So, if you submit your application on a Friday, you may not get your cash until Monday.
If you're wanting a same-day payday loan in Hazel Dell, Washington, you will need to ensure you're applying by 10:30 am. Any and 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 able, as it will boost the likelihood that you receive 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 approves your application and posts the credit to your checking account, sometimes the bank won't release that loan immediately. It's important to let your bank know that you plan to receive a paycheck advance loan, so they could possibly make an exception in releasing the funds earlier.
On the whole, it's best to prepare ahead of time to receive cash on the following business day. That way, you're not out of luck if you cannot get it on the same day.
Consider Working With Us
If you have underwhelming credit or no credit and are searching to secure a cash advance loan, consider applying with us, as you frequently have a better chance of approval.
We partner with more than one hundred different lenders who offer their services online. Often you will see your funds on the next business day so ensure that you plan accordingly.
However, you can always locate the closest payday loan storefront to you and apply in person to strengthen the chances of seeing your funds on the same business day. When applying in person, ensure that you have your government ID or driver's license; a passport will work as well. Sometimes, lenders may ask for proof of address, so take along a utility bill to the store as well.
To locate the nearest cash advance loan store, please refer to the list below and locate your city.
Payday Loan Direct Lender Companies in Hazel Dell, WA
Below you will find a list of payday loan companies offering their services in Hazel Dell, Washington. If you can't find a lender near your location in Hazel Dell, 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 Hazel Dell, 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.