Looking for a short term loan in Richardson? We can help. At Lone Star Cash Services, we help people find the money that they need to handle their financial emergencies. Please take a moment to review your options and then, when you are ready, apply online for the quickest response.
Payday & Cash Advance Loans
These are the most common form of short term loans these days. Payday loans and cash advances are loans that are designed to be in low amounts and paid back quickly. Like the name says, most of these loans are paid back on the next payday. The great thing about these loans is that they are easy to get and net fund quickly. Even with bad credit, you can almost always qualify for one. The bad thing about them is that the fees can be high considering the short term of the loan. Still, if the fees are less than late charges or overdraft fees or this is the only source of money you have, it is a good option. To qualify, you will need a checking account, a job and a telephone. Simple right?
When you need more money, you will need to look into an installment loan. These loans will be a bit tougher to get with bad credit but they can give you more money and longer to pay it. These loans are most often in amounts between $1000 and $5000 with monthly or biweekly payments.
Frequently Asked Questions
- Why are the fees so high with payday loans?
Mainly it is because of the risk. Look at it from the lenders side for a moment. These are unsecured loans with minimal credit checks that are issued quickly. Without the high fees, no lender would be crazy enough to get into this business. The fees might be high, but these loans fill a void for many, many people.
- How long does it take to apply?
When you apply online, it will take just a few minutes to apply and you will get your answer just as fast.
- Why do I need a checking account?
You need a checking account so that the lender can wire the money directly into your account and also pull the repayment money out directly at the end of the term.
- When will my money be available?
Most lenders will get your money to you on the next business day. If the next business day falls on a banking holiday you will need to wait until the following business day.
- Can I take out more than one payday loan at a time?
You could if you used different Richardson lenders but this would be a mistake. Take out too much money and you could find yourself trapped in a debt prison. Be careful and only take out one of these loans at a time.