At Lone Star Cash Services, we help put people in Royse City, Texas in connection with the money that they need to deal with life’s little emergencies. If you find yourself in need of a short term loan, we can help. Just fill out the short quote form and get a no obligation offer from one of our lenders. Ready to get started?
Cash Advance in Royse City
Commonly referred to as payday loans, these are the loans that most people think about when they need a small amount of money to get them by until their next payday. The great thing about these loans is that they are easy to qualify for, they fund fast and are convenient. The negative to these types of loans are that they have relatively high fees when compared to other loan types. Before taking one of these loans, you should consider whether the fees are less than what you would pay for overdraft charges or late fees with your creditors. To qualify for these loans you will need a checking account, a job, a working phone and a social security number. You must also be over the age of 18.
Is A Payday Loan Right For You?
This is the question that you must ask yourself. To answer it, you need to look at the costs of the loan versus the cost of not having the loan. If you would pay late charges without the money, compare them to the fees charged by the loan. If you can do without something, the loan might also not be worth it.
You should also look into your alternatives such as installment loans or borrowing from friends and family.
Royse City Installment Loans
Do you need more than $1,000? If so, you should consider an installment loan. These loans are typically for greater dollar amounts and will also have longer payback periods. You may be required to make monthly or possibly biweekly payments. To qualify for these loans you will need the same requirements as cash advances but you may require a slightly higher credit rating.
Borrowing From Friends
Nobody likes to mix friends and money but it might make sense in your case. If this is an option to you, it can get you a no interest and probably longer term loan that can get you going in the right direction.
Frequently Asked Questions
- How long will I have to pay back my loan?
These loans are designed to get you buy until the next pay period, so expect to have to pay back the loan within 14 days.
- How much can I take out on a payday loan?
This depends based on your lender and your personal situation but most payday loans are between $100 and $1,000. Take out as little as possible to make sure that you are able to repay it on time.
- Are these loans hard to qualify for?
No, in fact these are some of the easiest loans to get in Royse City, TX. Even if you have poor to bad credit, you may be able to qualify for a payday loan.
- When will I get my money?
Lenders will deposit your money directly into your checking account the next business day. If the next business day happens to fall on a federal bank holiday, it may be delayed an additional day.
- Do I have to have a checking account?
Yes lenders do require that you have a checking account. They deposit the funds directly into your account and they withdraw you’re payment from it as well.
- Can I take out more than one loan?
No, you cannot take out more than one payday loan at a time. This would be a bad idea anyway because you would quickly find yourself in trouble, not being able to pay back the loans.
Royse City Fast Money Article
- Staff Summary
Is a fast money loan the right thing for you. This article discusses payday loans and installment loan choices.