Lone Star Cash Services puts consumers in touch with the money that they need to pay for the unexpected. If you find yourself in need of some emergency cash in Garland, take a minute to familiarize yourself with your options. If one of them will work for you, apply right away.
Also known as Payday Loans, these loans are just what the two names imply. They are short term cash loans designed to be paid back on your next payday. These loans are usually for low amounts of less than $1000. Have an emergency auto repair that needs to be made or need to get to the dentist right away, this might be the loan for you. To qualify, all that you will need is a job, checking account, phone number and a valid social security number. You will also need to be at least 18 years old. Do keep in mind that these loans have fees, not interest. If you were to calculate the interest rate out with the fees and the short loan time, the rate is very high. If you decide to take out one of these loans, take out just what you need and no more.
Need more money and more time to pay it off? Then an installment loan is what you are looking for. These loans will be greater than $1000 in most cases and can be paid out over a longer time period. To get approved, you will need all of the above requirements and a fair to good credit rating.
- Why are the fees so high on Payday Loans?
Put yourself in the lenders shoes. They are basically providing someone who can not meet their current financial needs an unsecured loan. They need to charge higher fees to be profitable. No high fees, no payday loan providers. Do take into account the fees when considering this type of loan. If the fees are less than what you would have to pay in late fees or overdraft charges, it might make sense to you.
- My loan is coming due in a few days and I can not pay it back. What can I do?
Contact your lender right away and ask about extending your loan or refinancing it. There may be fees attached, so keep that in mind.
- I have been turned down for credit cards recently, can I get approved?
The credit requirements for these types of loans is much less. Even with bad credit, you may get approved.
- After I get approved, how long until I get my money?
Loans are almost always funded on the next business day. They will be deposited directly into your Garland bank’s checking account.
- What happens if I apply on a weekend?
You will get paid on the first business day so loans will fund on the following Monday in most cases. Bank holidays can also delay funding.