Lone Star Cash Services

If you are in need of a short term financial solution in Farmers Branch, TX, 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 completing our quote form.

Farmers Branch Loan

Cash Loans in Farmers Branch

If you are here, you probably already know what payday loans are but I will give you the overview anyway. Dallas 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.

Payday Loan Benefits

The biggest benefit to a payday loan is that it is quick to get. Fill out a simple form and get an offer. Accept the offer and the money will be in your account as soon as the next day. It is an easy way to solve emergency money problems. Another selling point for this type of loan is that it is simple to qualify for. Lenders are not as strict with credit qualifications and even if you have a poor credit score, you can get approved.

Payday Loan Drawbacks

The biggest drawback is that the loan comes with some high fees. An example of a fee might be $15 on every $100 borrowed. This results in a high interest rate but often the fees are worth it when the alternative to not having the money is more costly. Also, loan terms are short with the loans being due on the next payday. Because of this, most loans inĀ  Farmers Branch are for less than two weeks.

The Loan Process

The first thing that you need to do is fill out the quote form at the top of the page. It will ask for basic information like your name, address, employment info and your checking information. Your lender will use that information to deposit money into your account. If approved, you will receive a loan offer. If you like the offer, you can agree to the loan and it will be deposited right into your account as soon as the next business day. Use the money to handle your emergency and repay it on your next payday.

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. Bank holidays and the weekend may delay your deposit.
  • 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. As long as you can show your address in Farmers Branch and have a source of income, you will be in a good position to get approved.
  • 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.

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