Payday Loans in West Palm Beach, FL
Are you in need of quick cash? We provide a fast, easy, and secure way to get payday loans in West Palm Beach, Florida. With loans starting at $100, you can cover unexpected car expenses, electricity bills, or a quick grocery store run.
You are not required to leave the comfort of your home to apply for a loan; all you need to do is fill in a free online application form! As long as you meet the basic qualifications, we will deem you an eligible candidate.
How To Apply For A Payday Loan Online In West Palm Beach, FL?
Getting payday loans in West Palm Beach, FL, has never been easier!
- First, go to the top right corner of our website and press the ‘Get Started’ button. A virtual Personal Financial Assistant will run you through the online loan application process. You will answer a couple of questions regarding your financial condition and provide your SSN and banking details.
- Next, you submit your application. If you fulfill the basic requirements, we will get back to you in a couple of minutes.
- We will then provide you with some loan products suitable for you.
- After you choose and accept the agreement, the lender can deposit the funds on the same day or the next business day.
What Will You Need?
This is what you will need to apply for a payday loan in West Palm Beach, Florida:
- A legal ID to verify your age and state of residence. We only accept loan requests from consumers aged 18 and above—you must also be a legal citizen or permanent resident in the US and have a valid SSN. Your area code must be 561, which is the official area code for West Palm Beach.
- Proof of source of income. You must have a regular income. You must either be self-employed, hold a permanent job position (for at least 90 days) or get paid benefits. Your monthly income must be around $1,000 after tax.
- Contact info. That includes your phone number (home or work) and a valid email address.
- An active checking account. If you want to get your money in your bank account, you will need an active checking account.
How Much Can You Borrow?
We offer loans starting at $100 and up to $5,000. However, the actual amount you receive depends on each lender’s specific underwriting criteria. Sometimes, West Palm Beach residents may even get payday loans online up to $25,000.
Generally, the preferred amounts among applicants are:
- 100 dollar loan
- 200 dollar loan
- 300 dollar loan
- 500 dollar loan
- 1000 dollar loan
When Will You Receive Your Funds?
Short-term loans are supposed to be quick and easy to obtain, so no need to worry! Lenders will deposit your funds directly into your bank account within one or two business days after approval. If you happen to apply on a non-working day, the lender will put off the transaction until the next business day. If you need the money instantly, we suggest sticking to applying for payday loans early in the morning on a business day.
APR And Fee
The average annual percentage rate for advance payday loans is 304%. The maximum charge rate cannot exceed 10% for every $100, and extra verification fees cost $5. To prevent the repercussions of late or missed payments, always pay on time. Lenders may also charge you a processing or early settlement service fee.
Regulations Surrounding Payday Loans In West Palm Beach, Florida
These regulations apply to most payday loan products in Florida. Small loans cannot go over $500, with installment payday loans going up to $1,000, excluding any extra fees.
Customers must repay the loans in 7 days or 60 days, depending on whether they got a single payment or an installment loan. The loan terms for single and installment loans are up to 31 days and 90 days, respectively. Florida law imposes a 24-hour cooling-off period and does not allow any rollovers. These rules apply to West Palm Beach residents and provide them some protection, too.
The loan provider cannot charge additional fees that exceed 10% of the payday loan amount. For installment transactions, extra costs cannot exceed 8% of the outstanding transaction balance. The consumer pays them every two weeks.
If you want to apply for payday loans in West Palm Beach (FL), we can arrange a sweet deal to cater to your needs. We offer many alternatives to regular payday loans. They all vary in size and have different requirements. Check them out below to discover the best option for you.
Bad Credit Loans
If your FICO credit score is below 690, you may want to apply for a bad credit loan. We work with many lenders who would gladly grant you a cash advance despite your credit score. As long as you provide proof that you can pay back the loan through a stable source of income, lenders will approve your request.
This type of loan is aimed at people who have a vehicle and would like to use it as collateral. Anything ranging from cars to SUVs, trucks, and motorcycles is acceptable, so long as it does not exceed $25,000.
How does it work? You either pay back the loan within an agreed-upon time, or you trade in your vehicle. It can make for a good agreement as every person has a different car of varying value. Depending on this, the lender makes a fair compromise.
The lender will ask you to leave a spare key to serve as collateral.
Emergency Car Repair Loans
If you are facing minimal car expenses, we can provide you with instant cash to cover them. You can either get an unsecured auto loan, in which case we will run you through a credit check to understand your financial behaviors better. If you choose to get a secure auto loan, then we can use your car’s title or another asset of yours as collateral.
No Credit Check Loans
We accept loan requests from anyone and everyone. Even if your credit score is not the most favorable, we can still work something out. In this case, we bypass the score-checking and investigate other things, such as your employment status, income, and general financial history. We may do a soft credit score check that won’t hurt your rating. Based on this information, we deem you as an eligible or ineligible candidate for a loan.
Payday Loans for the Unemployed
You may want to explore this option if you are currently unemployed. In this case, you must have another source of regular income, whether that be Social Security, retirement, or pension. You will also have to provide proof of said income. If all is well and you have a good credit score, we will lend you the money.
Legit Payday Loans
Short-term loans cannot exceed the amount of $500. They serve as a quick way to patch things up, such as paying overdue bills. You receive the money within a day or two at most so that you can quickly pay for whatever necessities you need. The primary purpose is not to rely on other people for this, which can often be burdensome.