Payday Loans in Longview, Washington
Events happen, and we often end up in a situation where we must cover some unforeseen costs. Think about submitting an application for a payday loan in Longview, Washington, to see if you meet the requirements.
The application process is quick and simple. To be eligible, borrowers must satisfy a couple of simple criteria.
What is a Payday Advance Loan? What Can It Be Used For?
A cash advance loan is where the borrower will get a petite sum of cash on a short-term basis. This is thought of as an unsecured personal loan as no collateral is required.
When surprise bills present themselves, for example missed rent or utility payments, vehicle fixes, medical or vet fees, and so forth, individuals usually rely upon paycheck advance loans.
Cash Advance Loan Stipulations In Longview, Washington
In Longview, Washington, cash advance loan borrowers are required to satisfy several criteria to be eligible for a loan.
The borrower must:
- Show proof that they are a resident of Longview, WA
- Must be at least 18
- Have a steady stream of income that they can prove that's at least $1,000/month
- Give current contact information like 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. Ensure that you possess the documentation required when applying.
Laws and Rules Concerning Payday Advance Loans in Longview, WA
The State of Washington has ruled payday lending legal. Although, they have enacted the below rules and regulations for the paycheck advance lending industry:
- A single lender cannot extend a loan for more than $600. Borrowers may not take out greater than two active 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 Washington, borrowers are not allowed to rollover their loans.
- The fees and charges are different for each money lender. The service fees charged by the lender on each loan or transaction do not fall under interest. The service fees apply to each $100 borrowed and can range from 11% up to 15%.
- An interest rate is required to be mutually settled upon. APR can range up to 369%.
Will Paycheck Advance Lenders in Longview, WA, Perform Credit Checks? What If I Have Poor/No Credit History At All?
Yes, the lenders we work with will do a credit check on you, still, even if you possess no credit or bad credit, you may still be approved for a loan as long as you can prove that you are able to repay the loan. Lenders are usually unbothered by your credit if you possess proof of income and a plan to pay back the loan.
Lenders will perform a soft credit pull, which will have no impact on your credit score. This is only to get a look at your credit history and general information.
A hard credit check, dissimilarly, must have your explicit consent. These credit checks are used for a plethora of purposes, including mortgages, credit cards, and more.
You can still qualify for a payday advance loan with bad credit in Longview, WA, as long as you have proof of repayment.
So, when you request a loan, albeit in person or online, make sure that you have your income information at hand and any other documents verifying that you can pay back the loan. The more evidence you show, the better chance your loan application will be approved.
When Will I See My Funds in Longview, Washington?
When you get your money actually relies on the lender as some lenders provide same-day cash advance loans, which means you will get your paycheck advance loan on the same day you apply, as long as you receive an approval.
Much of the time, however, lenders will give the borrower their lump sum on the following business day. Businesses generally close for holidays and weekends. So, if you submit your application on a Friday, you may not receive your loan until Monday.
If you're wanting a same-day cash advance loan in Longview, 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 cut-off. However, you should apply earlier than that if possible, as it will boost the likelihood that you see your funds on the day that you submit your application.
One additional factor that you should know is even if the money lender approves your application and posts the credit to your bank, occasionally the bank won't release that loan immediately. It's vital that you let your bank know that you plan to get a payday advance loan, so they might make an exception in releasing the funds earlier.
Overall, it's best to prepare in advance to get your deposit on the next business day. That way, you're not left in the lurch if you cannot receive it on the same day.
Think About Working With Us
If you possess less than great credit or no credit and are looking to secure a cash advance loan, consider applying through us, as you most likely have a better chance of approval.
We work with more than one hundred different lenders who provide their services online. Much of the time you will get your deposit on the following business day so ensure that you plan correctly.
However, you can always locate the nearest cash advance loan store to you and apply in person to increase the chances of seeing your loan on the same day. When applying in person, make sure that you have your government ID or driver's license; a passport is sufficient. Now and again, lenders may require proof of address, so bring a utility bill to the store as well.
To find the nearest paycheck advance loan storefront, please use the list below and search for your city.
Payday Loan Direct Lender Companies in Longview, WA
Below you will find a list of payday loan companies offering their services in Longview, Washington. If you can't find a lender near your location in Longview, 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 Longview, 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.