Payday Loan Definition
Typically, a single payday advance lasts from two to four weeks. These loans can be pricey for borrowers, because of their high fees. The use of payday loans as long-term financial solutions is not advised. Depending on the location (state) where you apply for Fast Payday Loan, the interest rate and term may change. You are not guaranteed to be accepted for a cash advance or for the maximum amount offered just because you submit an application. All cash advance loans are subject to the regular terms and conditions.
Why do people choose payday loans?
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Quick application procedure. Regardless of your financial status, our short and straightforward application makes it simple to assess your eligibility in a matter of minutes.
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Flexible Loans Options. We have a variety of loan options accessible online or in person at any of our Tennessee locations, with different amounts of money.
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Quick approval. You'll get a response to your application within a few minutes thanks to our quick loan approval process.
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Satisfaction guaranteed. For our payday loans, we provide a next business day satisfaction guarantee. If, for whatever reason, you decide not to use your cash advance, just give us a call before the close of business the following day and repay what you borrowed without incurring any fees.
What should you think about before taking out a loan?
When comparing lenders and lending possibilities, bear the following in mind: Ask about how long it can take to be authorized for a loan and receive the funds when comparing online and brick-and-mortar lenders. Online lenders might provide a more rapid solution.
Loan sizes: Verify if the lender provides loans that are adequate for your needs. Keep an eye out for minimum loan amounts as well; otherwise, you risk borrowing more money than you need.
Fees: A range of fees, such as application, origination, and prepayment fees, may be assessed by lenders. All of these payments are completely disclosed on your loan agreement.
Loan rates: Comparing loans' APRs instead than just their interest rates may be more beneficial.
Lender Benefits: Some lenders could provide borrowers with extra tools and resources. Some providers offer you five business days, for instance, to determine whether you want to keep your loan. You are free to return the loan principle if you change your mind without incurring any fees. Additionally, some of them provide a number of free tools and resources for financial education.
FAQ
What are the requirements to apply for a payday loan online in Tennessee?
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You have reached the age of 18
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You reside in Tennessee
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You are employed or have a reliable source of income
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Your checking account is open, active, and legitimate (savings and prepaid accounts not accepted)
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You have a working email address where you can get account updates.
Why there is a soft inquiry on my credit report?
Either a loan application you submitted that was rejected or a marketing effort for a pre-screen offer led to the query on your credit report. Both are "soft inquiries" on your credit report, so your FICO® score is unaffected.
How do I get the results of my application?
After you submit your application, you will have instant access to the results. Before we can approve your application, we may occasionally need to request more details or evidence of income. You decide how much you wish to borrow after approval (based on your approval amount and state of residence). If for some reason we are unable to accept your application, we will let you know why.
What happens if I fail to repay the loan on time?
Your credit score could be impacted by loan late payments. If your payments have not been made on time, your credit may be impacted and your ability to borrow money from other services that work with credit agencies may be restricted.
