Payday Loans in River Falls, Wisconsin

Events happen, and we often find ourselves in a spot where we must pay for some surprise expenses. Consider submitting an application for a payday loan in River Falls, Wisconsin, to see if you meet the requirements.

The loan request process is swift and painless. To be eligible, you have to meet a few simple requirements.

What is a Payday Advance Loan? What Can It Cover?

A payday loan is where the borrower will receive a petite sum of money on a short-term agreement. This is considered an unsecured loan as no collateral is expected.

When surprise expenses present themselves, such as past due rent or utility fees, auto bills, health or vet payments, and so on, individuals usually rely upon paycheck advance loans.

Payday Advance Loan Criteria In River Falls, Wisconsin

In River Falls, Wisconsin, payday advance loan borrowers need to satisfy several criteria to qualify for a loan.

The borrower has to:

• Show proof that they are a resident of River Falls, Wisconsin
• Must be 18 years of age
• Receive a steady stream of income that they can provide proof of being at least $1,000 per month
• Give up-to-date contact details like phone number and email address
• Provide their social security number

If a borrower does not meet the above criteria, they will automatically be denied a payday loan. Make sure you have the documents needed when applying for a loan.

Laws and Rules Concerning Paycheck Advance Loans in River Falls, WI

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

• A single lender cannot offer a loan for more than $600. Borrowers cannot take out greater than two outstanding loans from different lenders. There is no minimum loan amount.
• The minimum loan term is not determined, the maximum loan term length is 31 days. In Wisconsin, borrowers are not allowed to rollover their loans.
• The fees and charges are different for each loan lender. The service fees enacted by lenders on a cash advance loan do not fall under interest. The service fees apply to each $100 loaned and can range between 11-15%.
• An interest rate is required to be mutually agreed upon. APR can be as much as 369%.

Will Cash Advance Lenders in River Falls, WI, Complete Credit Checks? What If I Have Dismal/No Credit History At All?

Yes, the lenders we partner with will run a credit check on you, still, even if you have no credit or less than stellar credit, you might still be eligible for a loan as long as you can show that you can repay the loan. Lenders are usually unbothered by your credit if you offer proof of income and a plan to pay back the loan.

Lenders will rely on a soft credit inquiry, which will have no impact on your credit score. This is simply to get a feel of your credit history and general information.

A hard credit pull, dissimilarly, requires your explicit consent. These credit checks are performed for various purposes, such as mortgages, credit cards, and more.

You might still qualify for a payday advance loan with imperfect credit in River Falls, WI, provided that you can prove you will repay the loan.

So, when you apply for a loan, whether it is in person or online, make sure that you have your income information easily accessible and any other documents verifying that you can pay back the loan. The more proof you provide, the better chance you are to be approved.

When Will I See My Cash in River Falls, WI?

When you receive your funds really relies on your lender as some lenders offer same-day payday loans, which means you will receive your paycheck advance loan on the same day you submit your application, as long as you're approved.

Most 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 submit your application on a Friday, you may not receive your funds until Monday.

If you're looking for a same-day paycheck advance loan in River Falls, WI, you will need to be sure that you're applying by 10:30 am. All same-day deposits going out that day will be approved by that deadline. However, you should apply earlier than that if able, as it will increase the likelihood that you see your cash on the same day that you apply.

One other factor that you should understand is even if the money lender approves your application and posts the credit to your bank, sometimes the bank won't release that deposit at that time. It's important to let your bank know that you plan to receive a cash advance loan, so they might make an exception in releasing the cash earlier.

On the whole, 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.

Think About Borrowing From Us

If you possess bad credit or no credit and are wanting to get a payday advance loan, consider applying through us, as you usually have a higher chance of approval.

We partner with over one hundred different lenders who provide their services online. Most of the time you will see your money on the following business day so ensure that you plan correctly.

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 day. When submitting an application in person, make sure that you have your government ID or driver's license; a passport will work as well. Now and again, lenders may request proof of address, so take along a utility bill to the store too.

To locate the nearest payday advance loan storefront, please refer to the list below and find your city.

Payday Loan Direct Lender Companies in River Falls, WI

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