Payday Loans Near You In The US

Payday loans near you in the US is important as life can be very unpredictable when it comes to one’s finances. There is no telling what kind of financial emergency can come in at what time.

The need for a quick financial solution is what birthed the idea of different types of loans such as secured personal loans, unsecured personal loans, debt consolidation loans, co-signed and joint loans, and so on.

These types of loans are available through a bank, credit union or an online lender.

Before deciding to get a loan, it is crucial to learn about the types that exist and then deciding on which one best suits your financial needs.

In this article, we will be focusing on Payday loan, a type of unsecured personal loan that charges a high interest rate and doesn’t require a collateral.

What is a Payday Loan?

This is a type of short-term personal loan that can be quickly attained to solve one’s financial needs. One of the features of Payday loan is that you need to put down a collateral before you can get it, which means you’re not putting your asset at risk. Also, lenders usually charge higher interest rates compared to some other types of loans.

The loan is repaid once you get your paycheck, so the lender can either seek your permission to electronically withdraw money from your bank, credit union, or prepaid card account, or ask you to write a check which he will cash once the loan is due.

In essence, it is a loan to help you get by till you get paid.

More on Payday Loans

Here, lenders don’t do a credit check before they grant you the loan and if they do, it is usually a soft pull, meaning it won’t affect your credit score at all. These loans are usually used to cater for unplanned expenses such as medical bills, car repairs, utility bills, and so on.

The amount involved here aren’t usually as high as some other types of loans, we’re talking just a few thousand dollars. They are also called cash advance loans or check advance loans.

Payday loans, unlike other types of loans, are not available in all states, which means if you are planning to get it, you need to know which states allow them.

Also, lenders usually give loans based on one’s paycheck, i.e. based on what one is earning.

States Where Payday Loans are illegal

Not all states in the USA allow Payday loans, which some states have declared it as illegal. Here are some of those states:

Vermont, Arizona, New Mexico, Arkansas, Colorado, Connecticut, Georgia, Maryland, Massachusetts, Montana, Nebraska, New Jersey, New Mexico, New York, North Carolina, Pennsylvania, South Dakota, West Virginia and the District of Columbia, and New Hampshire.

States Where Payday Loans are Legal

Like we mentioned earlier, not all states in the USA allow Payday loans. That being said, below are some states where Payday loans are considered legal.

Alabama, Alaska, Florida, Illinois, Missouri, Ohio, Indiana, Michigan, Oklahoma, Mississippi, Kentucky, Louisiana, Oregon, Minnesota, Wyoming, South Carolina, Colorado, California, Hawaii, Wisconsin, Nevada, Delaware, District of Columbia, Kansas, Idaho, North Dakota, Iowa, South Dakota, Washington, Tennessee, Utah, Rhode Island,

Virginia, New Hampshire, Texas, Montana, Maine, and Nebraska.

Payday Loans Near You In The US

Depending on where you live in the USA, there are payaday loan stores tjat are cyou can always visit them whenever you’re in need of a Payday loan.

Payday loan stores in California

• 321 South Main Street Suite E. Corona, CA 92882
• 82158 Highway 111 Indio, CA 92201
• 31762 Mission Trail Suite P Lake Elsinore, CA 92530
• 314 S Main St, Orange, CA 92868, USA
• 495 West Orange Show Rd. Ste. B San Bernardino, CA 92408
• 559 S. Broadway, Los Angeles, CA 90014
• 311 S. Vermont Ave., Los Angeles, CA 90020
• 1771 W. Jefferson Blvd., Los Angeles, CA 90018

Payday Loan Stores in Texas

• 8500 N. Stemmons Freeway, Ste. 4040, Dallas, TX 75247; Multiple locations
• 3108 Old Denton Road, Ste. 107, Carrollton, TX 75007
• 7016 Greenville Ave., Dallas, TX 75231
• 5200 Lemmon Ave., Ste. 106, Dallas, TX 75209
• 3405 N. Beltline Road, Irving, TX 75062

Payday Loan Stores in Mississippi

• 1710 Hwy. 15 North, B, Laurel, MS 39440, United States
• 214 N 16th Ave, Laurel, MS 39440, United States
• 105 S 16th Ave Suite C, Laurel, MS 39440, United States
• 803 N 16th Ave A, Laurel, MS 39440, United States
• 1717 Gilbreath Dr, Laurel, MS 39440, United States
• 1592 MS-15 B, Laurel, MS 39440, United States
• 120 N 15th Ave, Laurel, MS 39440, United States
• 134 Beacon St, Laurel, MS 39440, United States

Payday Loan Stores in Colorado

• 3731 Drennan Road, Colorado Springs, CO 80910, United States
• 3925 N Academy Blvd, Colorado Springs, CO 80917, United States
• 893 N Academy Blvd, Colorado Springs, CO 80909, United States
• 542 S Academy Blvd, Colorado Springs, CO 80910, United States
• 1406 S Nevada Ave, Colorado Springs, CO 80905, United States
• 3014 N Nevada Ave, Colorado Springs, CO 80907, United States
• 1029 N Academy Blvd, Colorado Springs, CO 80909, United States
• 2064 S Academy Blvd, Colorado Springs, CO 80916, United States

Payday Loan Stores in Ohio

• 1380 S Arlington St, Akron, OH 44306, United States
• 7428 Montgomery Road, Cincinnati, OH 45236, United States
• 2133 Polaris Pkwy, Columbus, OH 43240, United States
• 14930 Puritas Avenue, Cleveland, OH 44135, United States
• 13708 Lorain Rd. Cleveland, OH 44111, United States
• 4308 Ridge Rd. Brooklyn, OH 44144, United States
• 1360 E. 9th St. Cleveland, OH 44114, United States
• 5750 Chevrolet Blvd. Parma, OH 44130, United States

Top Online Payday Loans

It’s no longer news that we now live in a digital world where virtually everything is done online. Most services are now rendered digitally, including the granting of payday loans. There are some online platforms that provides the service of connecting borrowers with payday lenders. Through these platforms, you will gain access to multiple payday lenders, and way you can compare offers to see which lender has the one that you want.

Regardless of your state of residence, here are some online payday loans that you can visit from any location in the USA and apply for a payday loan:

1. PersonalLoans.com:

The first name on this helpful list is a great digital platform that provides you with access to multiple payday lenders, competitive terms, and incredibly attractive interest rates. To apply, all you have to do is fill out an application that requires your personal information, how much you want to borrow, and a few financial details. One of the great features of this platform is that, you can get a favorable response from a lender in just 24 hours.

Requirements

The borrower must:

• Be a citizen of USA.
• Be above 18 years.
• Have a valid Social Security number.
• Have a bank account which has their name on it.

Details of the loan

• Lowest amount that can be borrowed: $1,000
• Highest amount that can be borrowed: $35,000
• Interest rate: 5.99% to 35.99%

2. BadCreditLoans:

Like the name implies, this wonderful digital platform provides users with numerous payday loan options where they can borrow from without worrying about their bad credit scores. To apply, all you have to do is complete an online application that asks for your contact information, how much you want to borrow, how much you earn, your assets, and previous debts. The loan is processed and approved within 24 to 48 hours.

Requirements

As a borrower, you must:

• Be a US citizen.
• Be above 18 years of age.
• Have an operational bank account.
• Provide evidence of employment.
• Have a stable source of income.

Details of the loan

• Lowest amount that can be borrowed: $500
• Highest amount that can be borrowed: $10,000
• Interest rate: 5.99% to 35.99%

3. ClearViewLoans:

This is one of the fastest and most flexible digital payday platform that provides borrowers with licensed and reliable lenders who offer favorable interest rates and comfortable repayment periods. Loans gotten here are usually approved by lenders in just 24 hours.

Requirements

Applicant must:

• Be 18 years and above.
• Earn at least $1,000 per month.
• Give a valid phone number and email address.
• Have an active checking account.
• Have held a job for at least 90 days.

Details of the loan

• Lowest amount that can be borrowed: $100
• Highest amount that can be borrowed: $5,000
• Interest rate: Varies

4. CashUSA:

Financial emergencies don’t really announce themselves beforehand, which is why quick financial solutions like payday loans exist. The facilitation of these loans is why great online platforms like CashUSA was created and it has never disappointed. All you have to do is fill out an application form which requests for your contact information, how much you intend to borrow, and some other financial details. CashUSA then carries out a soft credit pull just to authenticate your credentials, without affecting your credit score. Loans applied for on this platform usually gets approved in a short period of time.

Requirements

A borrower must:

• Be 18 years and above.
• Have an operational bank account.
• Be a U.S. citizen.
• Earn a minimum of $800 per month.

Details of the Loan

• Lowest amount that can be borrowed: $500
• Highest amount that can be borrowed: $10,000
• Interest rate: 5.99% to 35.99%

How to Qualify for a Payday Loan

Getting a payday loan is a quick process that is very easy but there are few qualities that makes one eligible for them. The borrower must:

1. Be at least 18 years old.

2. Have an operational checking account.

3. Show some evidence of income.

4. Present a valid identification.

How to Apply for a Payday Loan

Applying for a payday loan isn’t a complicated process, as long as you qualify and have the necessary requirements. Here is a simple process of application:

1. Check online for payday lenders or visit payday loan stores and compare offers.

2. Apply online or in person.

3. Wait for approval as the lender evaluates your application.

4. Receive the loan.

Payday Loan Interest Rates

The interest rate in each state may vary, in the sense that some states have capped the interest rates that payday lenders are allowed to charge. In states where the interest rate is not capped, payday lenders charge yearly percentage rates that transcends 500%.

The impact of payday loan on your Credit Score

Since payday loans are not reported to the credit bureaus, they won’t affect your credit score but you still need to take paying them back seriously because if the lender reports you to the collection agency for not paying, the agency may report you to the credit bureau, and this could negatively impact your credit score.

Payday Loan Regulations

The laws that guide the activities of payday lenders in each state in the USA differs. For example, in California, the highest amount that anyone is allowed to borrow at once is $300 while some states have set a higher limit.

Also, some states have set a limit for the interest rate that payday lenders are allowed to charge on loans.

In Summary:

After you’ve decided that a payday loan is the solution to your financial problems, the next step is to either pick one of the above options of Payday Loans Near You In The US or apply through one of the digital platforms. Whichever option you decide to make use of, you can be rest assured that you will get the best of service.