Payday Loans in Moses Lake, Washington
Things happen, and we often find ourselves in a spot where we have to pay for some unexpected expenses. Think about submitting an application for a cash advance loan in Moses Lake, Washington, to see if you meet the requirements.
The loan request process is fast and effortless. To be qualified, borrowers have to meet a few basic conditions.
What is a Payday Advance Loan? What Can It Be Used For?
A payday 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 loan because no collateral is required.
When surprise financial needs arise, for example missed rent or utility costs, auto fixes, health or vet payments, and so forth, people commonly rely upon payday loans.
Paycheck Advance Loan Criteria In Moses Lake, Washington
In Moses Lake, Washington, cash advance loan borrowers must satisfy a few criteria to be eligible for a loan.
The borrower has to:
- Prove that they reside in Moses Lake, WA
- Must be 18 years of age
- Have a steady income that they can provide proof of being at least $1,000 per month
- Give current contact information including cell phone number and email address
- Give their SSN
If a borrower does not meet the above rules, they will immediately be denied a payday loan. Make sure you have the documentation required when requesting a loan.
Laws and Regulations Regarding Payday Loans in Moses Lake, Washington
Washington has ruled paycheck advance lending legal. Still, they have put forth the below rules and regulations for the paycheck advance lending industry:
- A single lender can't extend a loan for more than $600. Borrowers cannot take out more than two active loans from different lenders. There is no smallest loan amount.
- The minimum loan term is not set, the maximum loan term length is 31 days. In the State of Washington, borrowers may not rollover their loans.
- The fees and charges change for each money lender. The service costs enacted by the lender on a payday loan do not fall under interest. The service fees apply to every $100 borrowed and can vary between 11-15%.
- An interest rate is required to be mutually settled upon. APR can be as much as 369%.
Will Cash Advance Lenders in Moses Lake, Washington, Complete Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we partner with will do a credit check on you, still, even if you have no credit or less than stellar credit, you might still be approved for a loan provided you can prove that you can pay back the loan. Lenders are typically unbothered by your credit history if you have proof of income and a strategy to repay the loan.
Lenders will perform a soft credit inquiry, which will have no impact on your credit score. This is only to get an idea of your credit history and basic information.
A hard credit pull, dissimilarly, requires your explicit consent. These credit checks 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 poor credit in Moses Lake, Washington, as long as you can prove you will repay the loan.
So, when you request a loan, albeit in person or online, ensure that you have your income information available and any other documents proving that you can pay back the loan. The more proof you provide, the more likely your loan application will be approved.
When Will I Receive My Cash in Moses Lake, WA?
When you get your funds actually depends on your lender as some lenders provide same-day cash advance loans, which means you will get your cash advance loan on the same day you request a loan, as long as you're approved.
Much of the time, though, lenders will give the borrower their lump sum on the next business day. Businesses typically close for holidays and weekends. So, if you submit your application on a Friday, you might not get your cash until Monday.
If you're needing a same-day cash advance loan in Moses Lake, WA, you will need to ensure you're applying by 10:30 am. All same-day loans going out that day will be approved by that time. However, you should submit an application earlier than that if possible, as it will increase the likelihood that you get your loan on the same day that you submit your application.
One additional consideration that you should understand is even if the money lender approves your application and posts the loan to your bank account, occasionally the bank won't release that loan immediately. 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 loan earlier.
Overall, it's wise to prepare in advance to receive cash on the next business day. That way, you're not surprised if you cannot get it on the same day.
Consider Working With Us
If you possess less than great credit or no credit and are looking to secure a cash advance loan, think about applying with us, as you most likely have a higher chance of approval.
We work with over one hundred different lenders who provide their services online. Much of the time you will see your cash on the next business day so make sure that you plan appropriately.
Although, you can always find the closest payday loan store to you and apply in person to increase the chances of seeing 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. Infrequently, lenders may require proof of address, so bring a utility bill to the store as well.
To locate the nearest cash advance loan storefront, please navigate to the list below and find your city.
Payday Loan Direct Lender Companies in Moses Lake, WA
Below you will find a list of payday loan companies offering their services in Moses Lake, Washington. If you can't find a lender near your location in Moses Lake, 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 Moses Lake, 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.