Payday Loans in Cheyenne, Wyoming
Things happen, and we usually wind up in a spot where we have to cover some surprise bills. Think about submitting an application for a payday advance loan in Cheyenne, Wyoming, to see if you qualify.
The loan request process is fast and painless. To be qualified, borrowers must satisfy a couple of general criteria.
What is a Paycheck Advance Loan? What Can It Pay For?
A cash advance loan is where the borrower will be extended a small sum of funds on a short-term contract. This is considered an unsecured personal loan because no collateral is required.
When surprise bills arise, such as past due rent or utility bills, car bills, medical or vet expenditures, and so on, individuals often rely upon payday advance loans.
Payday Loan Requirements In Cheyenne, WY
In Cheyenne, Wyoming, payday advance loan borrowers are required to meet several stipulations to qualify for a loan.
The borrower must:
- Show proof that they reside in Cheyenne, Wyoming
- Must be 18 years of age
- Have a steady stream of income that they can provide proof of being at least $1,000 per month
- Give up-to-date contact details such as 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. Make sure you can provide the documents required when submitting your application.
Laws and Rules Concerning Payday Loans in Cheyenne, WY
Wyoming has deemed payday lending legal. Although, they have set the below rules and regulations for the payday lending industry:
- A single lender can't extend a loan for more than $600. Borrowers cannot take out more than two active loans from different lenders. There is no minimum loan amount.
- There is no minimum loan term, the longest loan term length is 31 days. In Wyoming, borrowers are unable to rollover their loans.
- The fees and charges are different for each money lender. The service costs enacted by lenders on a payday loan are not considered interest. The service fees apply to each $100 borrowed and can vary from 11% up to 15%.
- An interest rate is required to be mutually decided upon. APR can be as much as 369%.
Will Payday Advance Lenders in Cheyenne, Wyoming, Complete Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we partner with will do a credit check on you, but, even if you have no credit or bad credit, you may still be eligible for a loan as long as you can show that you are able to pay back the loan. Lenders are typically 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 solely to get an idea of your credit history and basic information.
A hard credit pull, alternatively, requires your explicit consent. These credit inquiries are utilized for a plethora of purposes, including mortgages, credit card applications, and more.
You can still be approved for a paycheck advance loan with poor credit in Cheyenne, Wyoming, if you can prove you will repay the loan.
Therefore, when you request a loan, albeit in person or online, make sure that you have your income information ready and any other documents showing that you can pay back the loan. The more proof you have, the better chance your loan request will be granted.
When Will I Receive My Loan in Cheyenne, WY?
When you get your money really depends on the lender as some lenders advertise same-day payday loans, which means you will see your paycheck advance loan on the same day you request a loan, as long as you receive an approval.
Much of the time, though, lenders will send the borrower their lump sum on the next business day. Businesses typically close for holidays and weekends. Therefore, if you submit your application on a Friday, you might not get your funds until Monday.
If you're searching for a same-day cash advance loan in Cheyenne, Wyoming, you will need to ensure you're applying by 10:30 am. Any and all same-day deposits 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 increase the likelihood that you see your cash on the same day that you apply.
One more factor that you should know is even 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 paramount that you let your bank know that you plan to receive a cash advance loan, so they might make an exception in releasing the loan earlier.
On the whole, it's wise to prepare in advance to get cash on the next business day. That way, you're not surprised if you cannot get it on the same day.
Think About Working With Us
If you possess poor credit or no credit and are looking to secure a paycheck advance loan, consider applying through us, as you most likely have a higher chance of approval.
We partner with more than one hundred different lenders who provide their services online. Often you will get your loan on the following business day so ensure that you plan accordingly.
Although, you can always find the nearest payday loan storefront to you and apply in person to boost the chances of getting your cash on the same day. When requesting a loan in person, make sure that you have your government ID or driver's license; a passport is sufficient. Now and again, lenders may request proof of address, so take along a utility bill to the store as well.
To locate the nearest paycheck advance loan store, please use the list below and find your city.
Payday Loan Direct Lender Companies in Cheyenne, WY
Below you will find a list of payday loan companies offering their services in Cheyenne, Wyoming. If you can't find a lender near your location in Cheyenne, consider applying in a nearby city in Wyoming. 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 Cheyenne, 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.