Welcome to the Lone Star Cash Services website. We are here to help Mesquite, TX residents get the money that they need to deal with unexpected emergencies or expenses. Have an emergency dentist bill, did your paycheck come up a little short and you need to pay rent? We can help. Use our short quote form below to get a no obligation from a lender in our vast loan network. It is the quickest way to get the money solution that you need. Get started now.
Mesquite Area Cash Loans
These types of loans are often referred to as payday loans. They got this name because they are designed to literally get you by until your next payday. These are short term loans, typically with payback terms of under 14 days. Instead of interest, these loans usually charge a set fee per hundred dollars borrowed. Because of the set fees and of the short term, these loans have a rather high effective APR. Borrowers should be aware of the high fees and you should weigh them against the late charges or overdraft fees that you would otherwise face. If the expense is less or if you have no other source of funding, this might be a loan type that you should consider. To qualify for these loans you simply need a verifiable job, a checking account, a working phone and a social security number. That is it, even with bad credit or poor credit you should be able to qualify for one of these loans.
Loan Alternatives in Mesquite
If you have friends or family with a little money to spare, you might be able to get a free loan from them. This is a great alternative if available because it will allow you to avoid fees and possibly get longer to pay back the loan. The only downside is that you would have to reveal the state of your finances to the people you are close to. Never easy.
When you require more than $1,000, and you need longer to pay off the loan, you need to look at an installment loan. These types of loans are for larger dollar amounts and are paid over a longer period of time. They typically have monthly and sometimes bi-weekly payments required. To qualify for an installment loan, you will need all of the same things as a cash advance and your lender may run a stricter credit check on you.
If you do not want to borrow money, your next choice is to cut back on fees. Talk to some of your creditors and see if you can make interest only payments or perhaps defer payments. Cancel non essential things like satellite television or cable. Put gym memberships and cell phone accounts on hold. Whatever it takes to save a buck.
- Do I need a checking account?
Yes, lenders serving Mesquite require that you have a checking account. They deposit money directly into your account and withdrawal money directly from your account. This also forms as a sort of guarantee for the lender to assure them that they will get their money back.
- How quickly can I get money?
Most loans will find on the next business day. Banking holidays can however delay the funding.
- I already have a payday loan, can I take out another?
You should not take out more than one payday loan out of time. This can easily cause you to be unable to pay back any of your loans and can cause you some major financial trouble. Pay off one loan before you take out another.
- Why are the interest rates so high on payday loans?
This is because when you factor the APR, high fees coupled with the short loan term make for a high effective APR. These are high risk loans though And if the fees were not so high, there would probably not be many lenders willing to issue them. You should always take into account the fees and decide whether it is truly worth it before you proceed with a payday or cash advance loan.