Payday Loans in Rice Lake, Wisconsin

Incidents happen, and we often wind up in a spot where we must pay for some surprise costs. Consider applying for a paycheck advance loan in Rice Lake, WI, to see if you qualify.

The loan application process is swift and effortless. To qualify, you must satisfy a few basic requirements.

What is a Payday Loan? What Can It Be Put Towards?

A cash advance loan is where the borrower will be extended a small amount of funds on a short-term contract. This is thought of as an unsecured loan due to the fact that no collateral is expected.

When unexpected expenses present themselves, like past due rent or utility costs, vehicle bills, health or vet payments, and so on, individuals usually turn to paycheck advance loans.

Cash Advance Loan Requirements In Rice Lake, WI

In Rice Lake, Wisconsin, payday loan borrowers need to meet a few requirements to qualify for a loan.

The borrower is required to:

• Prove that they live in Rice Lake, WI
• Must be 18 or older
• Receive a steady income that they can prove that's at least $1,000/month
• Give current contact details such as phone number and email address
• Provide their SSN

If a borrower does not satisfy the above criteria, they will automatically be denied a payday advance loan. Ensure that you have the documents needed when applying.

Laws and Regulations Concerning Paycheck Advance Loans in Rice Lake, WI

The State of Wisconsin has deemed cash advance lending legal. Although, they have put forth the below rules and regulations for the payday advance lending market:

• An individual lender can't extend a loan for more than $600. Borrowers are not allowed to take out more than two unpaid loans from different lenders. There is no minimum loan amount.
• The minimum loan term is not determined, the longest loan term length is 31 days. In the State of Wisconsin, borrowers may not rollover their loans.
• The fees and charges vary for each lender. The service fees charged by the lender on a loan are not considered interest. The service fees apply to every $100 borrowed and can vary between 11-15%.
• An interest rate is required to be mutually decided upon. APR can range up to 369%.

Will Payday Lenders in Rice Lake, Wisconsin, Perform Credit Checks? What If I Have Poor/No Credit History At All?

Yes, the lenders we work with will complete a credit check on you, still, even if you have no credit or bad credit, you might still be approved for a loan given that you can prove that you are able to pay back the loan. Lenders are commonly unconcerned about your credit history if you possess proof of income and a strategy to repay the loan.

Lenders will rely on a soft credit check, which will not impact your credit score. This is only to get an idea of your credit history and general information.

A hard credit pull, on the other hand, must have your explicit consent. These credit pulls are performed for a plethora of purposes, such as mortgages, credit cards, and more.

You might still be approved for a cash advance loan with imperfect credit in Rice Lake, Wisconsin, if you have proof of repayment.

So, when you apply, whether it is in person or online, double check that you have your income information easily accessible and any other documents proving that you can pay back the loan. The more evidence you possess, the more likely you are to be approved.

When Will I Get My Funds in Rice Lake, Wisconsin?

When you get your loan actually depends on your lender as some lenders provide same-day payday advance loans, which means you will get your paycheck advance loan on the same day you request a loan, as long as you get an approval.

Most of the time, though, lenders will give the borrower their lump sum on the next business day. Businesses generally close for holidays and weekends. Therefore, if you submit your application on a Friday, you may not get your deposit until Monday.

If you're needing a same-day cash advance loan in Rice Lake, Wisconsin, 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 cut-off. However, you should submit an application earlier than that if possible, as it will boost the likelihood that you receive your loan on the day that you apply.

One other consideration that you should know is despite if the lender approves your application and posts the funds to your bank, sometimes the bank won't release that credit immediately. It's important to let your bank know that you plan to get a paycheck advance loan, so they might make an exception in releasing the loan earlier.

Overall, it's wise to prepare in advance to get money on the next business day. That way, you're not out of luck if you cannot receive it on the same day.

Consider Borrowing From Us

If you possess less than great credit or no credit and are looking to get a paycheck advance loan, think about applying through us, as you frequently have a better chance of approval.

We partner with hundreds of different lenders who offer their services online. Much of the time you will receive your loan on the next business day so ensure that you plan appropriately.

Although, you can always find the closest cash advance loan storefront to you and apply in person to boost the chances of getting your money on the same day. When submitting an application in person, make sure 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 as well.

To find the nearest payday loan storefront, please navigate to the list below and search for your city.

Payday Loan Direct Lender Companies in Rice Lake, WI

Below you will find a list of payday loan companies offering their services in Rice Lake, Wisconsin. If you can't find a lender near your location in Rice Lake, consider applying in a nearby city in Wisconsin. Alternatively, you can apply online on our website and get a decision almost instantly.