Payday Loans in SeaTac, Washington
Life happens, and we usually end up in a place where we have to pay for some surprise expenses. Think about submitting an application for a paycheck advance loan in SeaTac, WA, to see if you meet the requirements.
The loan application process is swift and painless. To be eligible, borrowers must satisfy a few general requirements.
What is a Paycheck Advance Loan? What Can It Be Put Towards?
A paycheck advance loan is where the borrower will be extended a small amount of cash on a short-term agreement. This is considered an unsecured loan because no collateral is expected.
When unforeseen financial needs arise, like late rent or utility payments, auto bills, health or vet bills, and so forth, individuals usually rely upon paycheck advance loans.
Cash Advance Loan Requirements In SeaTac, Washington
In SeaTac, Washington, cash advance loan borrowers must satisfy a few criteria to be eligible for a loan.
The borrower must:
- Prove that they are a resident of SeaTac, Washington
- Must be at least 18
- Have a steady income that they can prove that's at least $1,000/month
- Provide up-to-date contact information such as phone number and email address
- Provide their SSN
If a borrower does not abide by the above criteria, they will automatically be denied a payday loan. Make sure you possess the documents required when submitting your application.
Laws and Rules Regarding Payday Advance Loans in SeaTac, Washington
The State of Washington has ruled cash advance lending legal. Although, they have set the below rules and laws for the payday advance lending industry:
- A single money lender cannot offer a loan for more than $600. Borrowers are not allowed to have greater than two active 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 cannot rollover their loans.
- The fees and charges change for each money lender. The service fees charged by lenders on a payday loan are not considered 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 agreed upon. APR can be as high as 369%.
Will Payday Advance Lenders in SeaTac, WA, Run Credit Checks? What If I Have Poor/No Credit History At All?
Yes, the lenders we work with will run a credit check on you, still, even if you possess no credit or bad credit, you might still be eligible for a loan as long as you can prove that you can repay the loan. Lenders are usually unconcerned about your credit history if you possess proof of income and a plan to repay the loan.
Lenders will conduct a soft credit pull, 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, alternatively, must have your permission. These credit checks are utilized for various purposes, such as mortgages, credit cards, and more.
You may still be approved for a paycheck advance loan with less than great credit in SeaTac, Washington, as long as you can prove you will repay the loan.
So, when you apply, albeit in person or online, make sure that you have your income information available and any other documents showing that you can pay back the loan. The more evidence you possess, the better chance your loan application will be approved.
When Will I See My Cash in SeaTac, WA?
When you receive your money really depends on your lender as some lenders offer same-day payday advance loans, which means you will receive your payday loan on the same day you apply, as long as you're approved.
Much of the time, however, lenders will send the borrower their lump sum on the following business day. Businesses usually close for holidays and weekends. So, if you submit your application on a Friday, you might not see your money until Monday.
If you're wanting a same-day payday loan in SeaTac, Washington, you will need to be sure that you're applying by 10:30 am. All same-day payments going out that day will be approved by that time. However, you should request a loan earlier than that if possible, as it will boost the likelihood that you get your deposit on the same day that you apply.
One more factor that you should know is despite if the money lender approves your application and posts the credit to your checking account, sometimes the bank won't release that credit right away. 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.
On the whole, it's wise to prepare ahead of time to get cash on the next business day. That way, you're not out of luck 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 searching to get a paycheck advance loan, consider applying through us, as you usually have a better chance of approval.
We work with hundreds of different lenders who provide their services online. Frequently you will receive your cash on the following business day so ensure that you plan accordingly.
However, you can always find the closest payday advance loan storefront to you and apply in person to strengthen the chances of receiving your loan on the same business day. When applying in person, ensure that you have your government ID or driver's license; a passport is sufficient. Sometimes, lenders may request proof of address, so take along a utility bill to the store too.
To find the nearest payday loan store, please navigate to the list below and find your city.
Payday Loan Direct Lender Companies in SeaTac, WA
Below you will find a list of payday loan companies offering their services in SeaTac, Washington. If you can't find a lender near your location in SeaTac, 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 SeaTac, 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.