Farmers Branch, TX
If you are in need of a short term financial solution in Farmers Branch, we are glad that you have come to us. Lone Star Cash Services can provide you access to the funds that you need to deal with life’s little emergencies. If you need to get approved as soon as possible, start the application process off right away by applying for a payday loan online. If you need to learn more about your options, keep reading.
If you are here, you probably already know what payday loans are but I will give you the overview anyway. Payday loans are short term loans designed to be repaid by the borrower on their next payday. These loans are easy to qualify for and are for low dollar amounts compared to other loans. To qualify for one of these loans in Farmers Branch, you will need a checking account, a job and a social security number. A social security number is required but you can still qualify for one of these loans even if you have bad credit. Lenders are mainly only checking to see if you have defaulted on payday loans in the past.
If you have better credit and you need more money, you might be interested in taking out an installment loan. These loans are for longer terms and higher dollar amounts. They will typically be fore amounts greater than $1000 and will require the borrower to make monthly and sometimes biweekly payments.
Frequently Asked Questions
- How soon can I get my money from a payday loan?
In most cases, you will have it on the next business day. The money will be deposited directly into your account and will be available to you right away.
- Do I need to have a checking account?
Yes, this is how the lender sends you the money and it is how they get reimbursed.
- Can I qualify for a payday loan with bad credit?
Absolutely, this is alternative financing that is available to just about everybody.
- Can I take out more than one cash advance?
No, you should only take out one cash advance at a time. This will help ensure that you can pay the loan back on time.
- What is the interest rate on my loan?
These loans have fees more often than interest rates. You might be charged, for example, $20 per $100 that you borrow. If you calculate the effective APR from these fees, the rate will be high, usually over 400% APR. These are high risk loans and the borrower should be careful when taking one out. Borrow only what you need and make sure that you will be able to pay it off at the end of the term without refinancing.