Payday Loans in Puyallup, Washington
Incidents happen, and we often end up in a situation where we must cover some unexpected costs. Consider applying for a cash advance loan in Puyallup, Washington, to see if you qualify.
The loan request process is swift and painless. To qualify, borrowers must meet a few general conditions.
What is a Payday Advance Loan? What Can It Pay For?
A paycheck advance loan is where the borrower will be extended a petite sum of money on a short-term basis. This is considered an unsecured loan as no collateral is expected.
When unexpected expenses arise, for example late rent or utility costs, car fees, medical or vet costs, and so on, individuals frequently seek out payday loans.
Payday Advance Loan Stipulations In Puyallup, WA
In Puyallup, Washington, payday advance loan borrowers are required to meet several criteria to qualify for a loan.
The borrower has to:
- Show proof that they are a resident of Puyallup, Washington
- Must be 18 or older
- Have a steady stream of income that they can prove that's at least $1,000/month
- Give current contact information including cell phone number and email address
- Give their social security number
If a borrower does not meet the above rules, they will immediately be denied a payday loan. Make sure you possess the documents required when requesting a loan.
Laws and Regulations Concerning Payday Loans in Puyallup, Washington
Washington has deemed paycheck advance lending legal. However, they have put forth the following rules and regulations for the cash advance lending market:
- An individual lender cannot offer a loan for more than $600. Borrowers are not allowed to possess 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 lender. The service costs charged by lenders on each loan or transaction are not considered interest. The service fees apply to every $100 borrowed and can range between 11-15%.
- An interest rate is required to be mutually decided upon. APR can be as high as 369%.
Will Payday Lenders in Puyallup, Washington, Perform Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we have a relationship with will run a credit check on you, but, even if you possess no credit or less than stellar credit, you may still be approved for a loan given that you can show that you are able to repay the loan. Lenders are typically unconcerned about your credit history if you provide proof of income and a strategy to pay back the loan.
Lenders will use a soft credit inquiry, which will not impact your credit score. This is simply to get a look at your credit history and general information.
A hard credit pull, dissimilarly, needs your explicit consent. These credit checks are performed for a plethora of purposes, such as mortgages, credit card applications, and more.
You may still qualify for a cash advance loan with bad credit in Puyallup, WA, as long as you have proof of repayment.
So, when you apply for a loan, albeit in person or online, double check that you have your income information at hand and any other documents proving that you can repay the loan. The more evidence you have, the more likely you are to be approved.
When Will I Receive My Deposit in Puyallup, WA?
When you see your loan truly depends on your lender as some lenders advertise same-day cash advance loans, which means you will see your paycheck advance loan on the same day you request a loan, as long as you receive an approval.
Much of the time, though, lenders will give the borrower their lump sum on the following business day. Businesses typically close for holidays and weekends. Because of this, if you submit your application on a Friday, you may not get your funds until Monday.
If you're searching for a same-day payday loan in Puyallup, WA, you will need to be sure that you're applying by 10:30 am. All same-day loans 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 increase the likelihood that you get your cash on the same day that you apply.
One other factor that you should understand is despite if the lender approves your application and posts the loan to your bank, sometimes the bank won't release that funds at that time. It's important to let your bank know that you plan to receive a payday advance loan, so they could possibly make an exception in releasing the deposit earlier.
Overall, it's best to prepare ahead of time to receive your funds on the next business day. That way, you're not surprised if you cannot get it on the same day.
Consider Borrowing From Us
If you have less than great credit or no credit and are searching to secure a payday 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 receive your money on the following business day so make sure that you plan correctly.
Although, you can always find the nearest payday loan store to you and apply in person to strengthen the chances of seeing your cash on the same business day. When applying in person, ensure that you have your government ID or driver's license; a passport is sufficient. Infrequently, lenders may require proof of address, so take along a utility bill to the store as well.
To locate the nearest cash advance loan storefront, please use the list below and search for your city.
Payday Loan Direct Lender Companies in Puyallup, WA
Below you will find a list of payday loan companies offering their services in Puyallup, Washington. If you can't find a lender near your location in Puyallup, 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 Puyallup, 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.