Payday Loans in Walla Walla, Washington
Life happens, and we often end up in a situation where we must pay for some unexpected bills. Think about applying for a payday advance loan in Walla Walla, WA, to see if you meet the requirements.
The loan application process is swift and painless. To be eligible, you must satisfy a few straightforward criteria.
What is a Paycheck Advance Loan? What Can It Cover?
A cash advance loan is where the borrower will get a petite amount of funds on a short-term contract. This is thought of as an unsecured loan because no collateral is needed.
When unexpected financial needs present themselves, like late rent or utility payments, vehicle bills, health or vet costs, and so on, people often turn to payday loans.
Cash Advance Loan Requirements In Walla Walla, Washington
In Walla Walla, WA, payday loan borrowers need to satisfy a few stipulations to qualify for a loan.
The borrower has to:
- Show proof that they live in Walla Walla, WA
- Must be 18 or older
- Have a steady stream of income that they can prove that's at least $1,000 per month
- Provide current contact information including cell phone number and email address
- Provide their SSN
If a borrower does not meet the above requirements, they will automatically be denied a cash advance loan. Make sure you can provide the documentation required when requesting a loan.
Laws and Rules Regarding Cash Advance Loans in Walla Walla, WA
Washington has deemed paycheck advance lending legal. Although, they have set the below rules and laws for the cash advance lending market:
- An individual money lender can't extend a loan for more than $600. Borrowers are not allowed to possess more than two unpaid 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 are not allowed to rollover their loans.
- The fees and charges are different for each lender. The service fees charged by lenders on a payday loan are not considered interest. The service fees apply to every $100 borrowed and can vary from 11% up to 15%.
- An interest rate is required to be mutually settled upon. APR can range up to 369%.
Will Cash Advance Lenders in Walla Walla, WA, Run 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, but, even if you have no credit or bad credit, you may still be approved for a loan as long as you can show that you can repay the loan. Lenders are typically unconcerned about your credit history if you possess proof of income and a plan to pay back the loan.
Lenders will rely on 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 pull, alternatively, must have your permission. These credit checks are performed for a variety of purposes, including mortgages, credit card applications, and more.
You can still qualify for a paycheck advance loan with imperfect credit in Walla Walla, WA, if you have proof of repayment.
So, when you request a loan, whether it is in person or online, double check that you have your income information at hand and any other documents verifying that you can pay back the loan. The more proof you possess, the better chance your loan request will be granted.
When Will I Get My Money in Walla Walla, Washington?
When you get your cash actually depends on your lender as some lenders offer same-day payday loans, which means you will get your cash advance loan on the same day you apply, as long as you receive an approval.
Much of the time, though, lenders will send the borrower their lump sum on the following business day. Businesses typically close for holidays and weekends. So, if you apply on a Friday, you might not receive your deposit until Monday.
If you're needing a same-day payday advance loan in Walla Walla, Washington, you will need to make sure you're applying by 10:30 am. All same-day funds going out that day will be approved by that time. However, you should submit an application earlier than that if able, as it will boost the likelihood that you receive your funds on the day that you apply.
One additional consideration that you should be aware of is even if the lender grants your loan request and posts the funds to your bank, sometimes the bank won't release that credit right away. It's paramount that you let your bank know that you plan to receive a paycheck 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 receive your loan on the following business day. That way, you're not surprised if you cannot receive it on the same day.
Think About Working With PaydayLoanRadar
If you possess less than great credit or no credit and are looking to get a payday loan, consider applying through us, as you frequently have a better chance of approval.
We work with hundreds of different lenders who offer their services online. Often you will get your loan on the next business day so ensure that you plan correctly.
Although, you can always find the closest payday loan storefront 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, make sure that you have your government ID or driver's license; a passport will work as well. Sometimes, lenders may ask for proof of address, so bring a utility bill to the store too.
To locate the nearest payday loan storefront, please refer to the list below and search for your city.
Payday Loan Direct Lender Companies in Walla Walla, WA
Below you will find a list of payday loan companies offering their services in Walla Walla, Washington. If you can't find a lender near your location in Walla Walla, 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 Walla Walla, 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.