Payday Loans in Maplewood, Washington
Life happens, and we often end up in a place where we must cover some unexpected costs. Consider applying for a payday advance loan in Maplewood, WA, to see if you are eligible.
The application process is fast and painless. To be qualified, loan borrowers must satisfy a couple of basic conditions.
What is a Paycheck Advance Loan? What Can It Pay For?
A payday advance loan is where the borrower will be extended a small sum of money on a short-term basis. This is considered an unsecured loan because no collateral is needed.
When surprise costs come up, for example past due rent or utility costs, vehicle costs, health or vet fees, and so forth, people usually seek out paycheck advance loans.
Paycheck Advance Loan Stipulations In Maplewood, Washington
In Maplewood, WA, payday loan borrowers are required to satisfy a few criteria to qualify for a loan.
The borrower must:
- Show proof that they reside in Maplewood, WA
- Must be 18 years of age
- Receive a steady income that they can prove that's at least $1,000/month
- Provide up-to-date contact information such as cell phone number and email address
- Give their social security number
If a borrower does not abide by the above requirements, they will automatically be denied a payday advance loan. Ensure that you have the documents needed when requesting a loan.
Laws and Regulations Concerning Cash Advance Loans in Maplewood, WA
Washington has ruled payday lending legal. However, they have set the below rules and laws for the payday lending industry:
- A single money lender can't offer a loan greater than $600. Borrowers are not allowed to take out more than two unpaid loans from different lenders. There is no smallest loan amount.
- The minimum loan term is not determined, 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 money lender. The service costs enacted by lenders on a payday loan are not considered interest. The service fees apply to each $100 borrowed and can range between 11-15%.
- An interest rate is required to be mutually agreed upon. APR can be as high as 369%.
Will Paycheck Advance Lenders in Maplewood, WA, Perform Credit Checks? What If I Have Poor/No Credit History At All?
Yes, the lenders we partner with will complete a credit check on you, still, even if you have no credit or less than optimal credit, you may still be approved for a loan as long as you can prove that you can pay back the loan. Lenders are usually unconcerned about your credit if you have proof of income and a strategy to pay back the loan.
Lenders will conduct a soft credit check, which will have no impact on your credit score. This is solely to get a look at your credit history and basic information.
A hard credit check, dissimilarly, needs your permission. These credit pulls are utilized for various purposes, such as mortgages, credit card applications, and more.
You might still be approved for a payday advance loan with imperfect credit in Maplewood, WA, as long as you can prove you will repay the loan.
So, when you apply for a loan, albeit in person or online, make sure that you have your income information easily accessible and any other documents verifying that you can pay back the loan. The more proof you have, the more likely your loan request will be granted.
When Will I Receive My Money in Maplewood, WA?
When you see your deposit really relies on your lender as some lenders offer same-day payday loans, which means you will receive your payday loan on the same day you request a loan, as long as you get an approval.
Much of the time, though, 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 might not get your funds until Monday.
If you're wanting a same-day payday loan in Maplewood, Washington, you will need to be sure that you're applying by 10:30 am. Any and all same-day loans going out that day will be approved by that time. However, you should request a loan earlier than that if able, as it will increase the likelihood that you see your loan on the day that you submit your application.
One other factor that you should know is even if the money lender grants your loan request and posts the funds to your bank account, sometimes the bank won't release that loan immediately. It's important to let your bank know that you plan to receive a cash 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 your loan on the next business day. That way, you're not out of luck if you cannot get it on the same day.
Think About Working With Us
If you have less than great credit or no credit and are needing to get a payday advance loan, think about applying with us, as you most likely have a higher chance of approval.
We partner with hundreds of different lenders who provide their services online. Most of the time you will get your deposit on the following business day so ensure that you plan correctly.
However, you can always find the nearest payday loan storefront to you and apply in person to strengthen the chances of receiving your money on the same business day. When requesting a loan in person, ensure that you have your government ID or driver's license; a passport will work as well. Occasionally, lenders may request proof of address, so take along a utility bill to the store as well.
To locate the nearest paycheck advance loan store, please use the list below and locate your city.
Payday Loan Direct Lender Companies in Maplewood, WA
Below you will find a list of payday loan companies offering their services in Maplewood, Washington. If you can't find a lender near your location in Maplewood, 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 Maplewood, 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.