Payday Loans in Lake Stevens, Washington
Incidents happen, and we often wind up in a spot where we must pay for some unforeseen costs. Consider submitting an application for a payday advance loan in Lake Stevens, Washington, to see if you are eligible.
The loan request process is quick and simple. To be qualified, you have to meet a couple of basic conditions.
What is a Cash Advance Loan? What Can It Pay For?
A cash advance loan is where the borrower will receive a small amount of money on a short-term contract. This is thought of as an unsecured personal loan as no collateral is required.
When surprise expenses come up, such as missed rent or utility expenditures, car costs, medical or vet expenditures, and so on, people frequently seek out cash advance loans.
Payday Loan Stipulations In Lake Stevens, WA
In Lake Stevens, WA, payday loan borrowers need to satisfy a few stipulations to be eligible for a loan.
The borrower has to:
- Show proof that they live in Lake Stevens, WA
- Must be 18 years of age
- Receive an income that they can provide proof of being at least $1,000 per month
- Give active contact details including cell phone number and email address
- Give their SSN
If a borrower does not meet the above requirements, they will immediately be denied a paycheck advance loan. Make sure you have the documents needed when requesting a loan.
Laws and Regulations Concerning Paycheck Advance Loans in Lake Stevens, WA
Washington has deemed payday lending legal. However, they have created the below rules and regulations for the payday lending market:
- An individual lender can't extend a loan greater than $600. Borrowers may not take out more than two unpaid loans from different lenders. There is no smallest loan amount.
- There is no minimum loan term, the longest loan term length is 31 days. In the State of Washington, borrowers may not rollover their loans.
- The fees and charges vary for each lender. The service fees enacted by lenders on each loan or transaction are not considered interest. The service fees apply to each $100 loaned and can vary from 11% up to 15%.
- An interest rate must be mutually decided upon. APR can range up to 369%.
Will Paycheck Advance Lenders in Lake Stevens, Washington, Complete Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we have a relationship with will perform a credit check on you, but, even if you have no credit or less than optimal credit, you may still be eligible for a loan given that you can prove that you can pay back the loan. Lenders are typically unconcerned about your credit history if you have proof of income and a strategy to pay back the loan.
Lenders will perform a soft credit inquiry, which will have no impact on your credit score. This is only to get a feel of your credit history and basic information.
A hard credit inquiry, on the other hand, requires your explicit consent. These credit pulls are performed for a plethora of purposes, including mortgages, credit card applications, and more.
You might still be approved for a cash advance loan with imperfect credit in Lake Stevens, WA, if you can prove you will repay the loan.
So, when you apply for a loan, whether it is 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 proof you provide, the better chance your loan request will be granted.
When Will I Receive My Deposit in Lake Stevens, Washington?
When you see your deposit actually depends on the lender as some lenders provide same-day payday loans, which means you will see your paycheck advance loan on the same day you request a loan, as long as you get an approval.
Most of the time, though, lenders will give the borrower their lump sum on the following business day. Businesses often close for holidays and weekends. Because of this, if you apply on a Friday, you might not receive your cash until Monday.
If you're needing a same-day payday advance loan in Lake Stevens, WA, you will need to make sure you're applying by 10:30 am. All same-day loans going out that day will be approved by that deadline. However, you should apply earlier than that if able, as it will boost the likelihood that you receive your deposit on the same day that you apply.
One other consideration that you should be aware of is even if the lender approves your application and posts the deposit to your bank, occasionally the bank won't release that deposit immediately. It's important to let your bank know that you plan to receive a payday loan, so they might make an exception in releasing the money earlier.
On the whole, it's best to prepare in advance to receive money on the next business day. That way, you're not left in the lurch if you cannot get it on the same day.
Consider Working With Us
If you have bad credit or no credit and are looking to secure a payday advance loan, consider applying through us, as you frequently have a better chance of approval.
We partner with over one hundred different lenders who provide their services online. Often you will get your money on the next business day so ensure that you plan appropriately.
Although, you can always locate the closest paycheck advance loan store to you and apply in person to boost the chances of seeing your cash on the same day. When submitting an application 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 too.
To locate the nearest paycheck advance loan store, please use the list below and locate your city.
Payday Loan Direct Lender Companies in Lake Stevens, WA
Below you will find a list of payday loan companies offering their services in Lake Stevens, Washington. If you can't find a lender near your location in Lake Stevens, 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 Lake Stevens, 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.