Payday Loans in Stevens Point, Wisconsin

Events happen, and we often find ourselves in a place where we must pay for some unexpected bills. Consider applying for a cash advance loan in Stevens Point, Wisconsin, to see if you are eligible.

The loan request process is fast and painless. To be qualified, loan borrowers have to meet a few basic criteria.

What is a Cash Advance Loan? What Can It Be Put Towards?

A cash advance loan is where the borrower will get a small sum of cash on a short-term agreement. This is considered an unsecured personal loan as no collateral is required.

When unexpected expenses arise, such as late rent or utility payments, vehicle fixes, medical or vet payments, and so forth, people frequently turn to cash advance loans.

Payday Loan Stipulations In Stevens Point, Wisconsin

In Stevens Point, WI, payday loan borrowers need to meet a few criteria to be eligible for a loan.

The borrower is required to:

• Show proof that they reside in Stevens Point, Wisconsin
• Must be 18 years of age
• Receive a steady income that they can prove that's at least $1,000 per month
• Give current contact details like phone number and email address
• Give their SSN

If a borrower does not satisfy the above criteria, they will immediately be denied a paycheck advance loan. Ensure that you can provide the documents required when requesting a loan.

Laws and Regulations Concerning Payday Advance Loans in Stevens Point, Wisconsin

The State of Wisconsin has deemed paycheck advance lending legal. However, they have created the following rules and regulations for the paycheck advance lending market:

• A single lender can't extend a loan greater than $600. Borrowers are not allowed to have more than two unpaid loans from different lenders. There is no minimum loan amount.
• The minimum loan term is not set, the longest loan term length is 31 days. In Wisconsin, borrowers cannot rollover their loans.
• The fees and charges are different for each lender. The service fees enacted by lenders on a loan do not fall under interest. The service fees apply to each $100 loaned and can range between 11-15%.
• An interest rate must be mutually agreed upon. APR can be as high as 369%.

Will Cash Advance Lenders in Stevens Point, Wisconsin, Perform 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 poor credit, you may still be approved for a loan provided you can show that you are able to pay back the loan. Lenders are usually unbothered by your credit history if you have proof of income and a strategy to pay back the loan.

Lenders will rely on a soft credit check, which will not impact your credit score. This is only to get a look at your credit history and basic information.

A hard credit pull, on the other hand, needs your permission. These credit inquiries are performed for various purposes, such as mortgages, credit cards, and more.

You can still qualify for a payday loan with poor credit in Stevens Point, Wisconsin, provided that you have proof of repayment.

Therefore, when you apply for a loan, whether it is in person or online, ensure that you have your income information at hand and any other documents showing that you can pay back the loan. The more evidence you show, the better chance your loan request will be granted.

When Will I See My Loan in Stevens Point, Wisconsin?

When you receive your cash really relies on your lender as some lenders advertise same-day cash advance loans, which means you will get your paycheck advance loan on the same day you apply, as long as you receive 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. Because of this, if you apply on a Friday, you might not see your deposit until Monday.

If you're searching for a same-day payday loan in Stevens Point, WI, you will need to make sure you're applying by 10:30 am. Any and all same-day payments going out that day will be approved by that cut-off. However, you should request a loan earlier than that if able, as it will boost the likelihood that you see your loan on the day that you apply.

One other factor that you should know is despite if the money lender grants your loan request and posts the deposit to your checking account, occasionally the bank won't release that funds right away. 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 funds earlier.

Overall, it's best to prepare in advance to get cash on the next business day. That way, you're not left in the lurch if you cannot get it on the same day.

Consider Working With Us

If you have poor credit or no credit and are wanting to get a cash advance loan, consider applying through us, as you frequently have a higher chance of approval.

We work with hundreds of different lenders who provide their services online. Much of the time you will see your cash on the following business day so make sure that you plan accordingly.

Although, you can always find the nearest cash advance loan store to you and apply in person to strengthen the chances of receiving your money on the same day. When applying 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 take along a utility bill to the store as well.

To find the nearest cash advance loan store, please navigate to the list below and search for your city.

Payday Loan Direct Lender Companies in Stevens Point, WI

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