Got Paid? Here’s How to Find Payday Loans Near Me

Daniel Joelson

Daniel Joelson

Total Posts: 583

Published Date: December 22, 2021

Daniel Joelson has been in the consumer finance space since 1994, he has helped to develop underwriting manuals for the financial sector. With a vast amount of Knowledge in consumer finance, he has been writing articles for all types of loans. With his knowledge, he is able to help many people to answer different financial problems.

Payday Loans Near Me

Did you know that 60% of Americans aren’t able to afford a $1,000 emergency expense? If you’re one of them, then emergencies may be a very real worry you have in the back of your mind at all times.

While you may be lucky enough to have a steady job, even the income from that won’t be enough to pay a hefty medical bill. When this happens, you need a good backup plan.

One such backup plan can be payday loans!

If you’re wondering about “payday loans near me,” then you’re in the right place. Read on to find out all about this type of loan so you know if it’s right for your circumstances.

What Is a Payday Loan?

A payday loan is one of the quickest loans you can get on short notice. As the name implies, the loan is repaid with your next paycheck, which can be in as little as 1 to 2 weeks.

When compared to other types of loans, the amount you can borrow isn’t very large. Typically, you can just get a few hundred dollars. However, this might just be enough to tide you over to your next paycheck so you can still put food on the table and pay your expenses.

Also, one of the major downsides to payday loans is their extremely high-interest rates. On average, you can expect the rate to be around 400%, which can be very difficult to pay off if you don’t repay the initial loan completely.

This is why many people discourage others from taking out payday loans. However, if you’re responsible for them, payday loans can actually be very beneficial.

What Are the Benefits of Payday Loans?

Now for the interesting part: what are the actual benefits you can get when taking out payday loans? Read on to find out.

You Get Money Almost Instantly

The main advantage of choosing a payday loan over other types is you can get cash pronto.

For instance, maybe your car has broken down and you need it fixed right away. Otherwise, you won’t be able to get to work, as it’s in a remote place.

A payday loan will enable you to get your vehicle repaired promptly, as you can have money in your hands in as little as 15 minutes.

You Don’t Need a Good Credit Score

When you apply for most other loans, lenders will only approve you if you have a decent credit score. If you have poor or no credit, it can be frustrating to receive constant rejections.

You won’t have to worry about that with payday loans. All you need is proof of employment and you should be approved for a small loan amount.

They Have Very Little Requirements

In addition to no credit check required, payday loans also have very few requirements. All you need to apply and get approval are an SSN number (or government ID), employment, and bank account. You also need to be at least 18 years old.

Because there are so few requirements, you won’t need to spend time digging up documents. Simply get your contract or last paystub and ID!

You Don’t Need to Put Down Collateral

Payday loans are a type of unsecured loan. What this means is you don’t need to put down collateral to get a loan, which you’d have to do with a secured loan.

This can be a huge relief for many people. If you’re not completely sure you can pay off a loan within the specified timeframe, you might be worried that your assets will be seized by the lender and you’ll never get them back.

The only risk you have to take is the lender having access to your bank account. This is because in most cases when you sign for a payday loan, it specifies that they’ll direct debit your next paycheck to pay off the loan automatically.

How to Get Payday Loans Near Me

Perhaps you want to be prepared on how to get a payday loan, just in case you’re in a jam. It’s always a good idea to learn about a process before you actually need it. That way, when you’re stressed out, you won’t have the added burden of figuring out the payday loan process.

Here’s what you should do to get a payday loan.

Search Online

The beauty of the internet is we can search for whatever we want and get a myriad of results within milliseconds. Long gone are the days where you had to physically go to each lender to find out what they offer.

Take full advantage of this and perform an online search for “loans near me.” You should get a good idea of what lenders are available and what their terms and conditions are like.

Be very selective and take your time. While one lender or broker might seem to have great rates, you never know if the next one will have better terms.

Apply for the Payday Loan

Once you’ve decided on a site like TFC Title Loans, fill out an online application. You should then hear back within a few minutes whether you’re approved or not.

Get the Money in Your Account

After you’ve been approved, you should then receive the money you need in your bank account. As you can see, it’s a very quick and easy process!

Apply for a Payday Loan

While payday loans do come with high-interest rates and short repayment terms, they can definitely help you out in a pinch if you’re in need of quick cash. So long as you’re responsible and pay off the entire amount with your next paycheck, this should help you avoid a cycle of revolving debt.

This article was brought to you by TFC Title Loans, we try to bring to you the most informative information. If you are interested in getting a title loan local to you, we are able to help you with our large referral network.

We will help you to get the most money by using the equity that you have in your vehicle, the application is fast and we can provide you with same-day funding.

All of our referral partners are in compliance with the CFPB. We will help you to get the money that you need but from a trusted and reliable title lender.

Need Cash Now? Get Approved In Minutes!

How Much Cash Can i Get?

DISCLAIMER: As our policy to make sure you know what we do and what are our limitations, we offer you these disclaimers. We are NOT A LENDER and we do not make short term cash loans or credit decisions. We are a referral service and work only with licensed lenders/brokers.

We may act as the broker for the loan and may not be the direct lender. Loan proceeds are intended primarily for personal, family and household purposes. We do not offer or service student loans.

*Loan amounts by the lenders vary based on your vehicle and your ability to repay the loan.

*Since we do not lend money directly we cannot offer you a solicitation for a loan, except in the state of California. In all other serviced states we WILL match you with a lender based on the information you provide on this website. We will not charge you for this service and our service is not available in all states. States that are serviced by this Web Site may change from time to time and without notice. Personal Unsecured Loans and Auto Title Loans are not available in all states and all areas.

*Auto Title Loan companies typically do not have pre-payment penalties, but we cannot guarantee that every lender meets this standard. Small Business Loans typically do have pre-payment penalties and occasionally will use your car as collateral to secure the loan.

*All lenders are responsible for their own interest rates and payment terms. TFC Title Loans has no control over these rates or payments. Use of the work competitive or reasonable does not mean affordable and borrowers should use their own discretion when working directly with the lender.

*The amount of people who applied for a loan and we helped and those who received a loan is not the same. We cannot guarantee we will find a lender who will fund you.Just because you give us information on this web site, in no way do we guarantee you will be approved for a car title loan or any other type of loan. Not all lenders can provide loan amounts you may see on this web site because loan amounts are limited by state law and/or the lender. Some lenders may require you to use a GPS locator device on your car, active all the time. They may or may not pay for this or charge you for this. This is up to the lender and we have no control over this policy of the lender. Typically larger loans or higher risk loans use a GPS.

*In some circumstances faxing may be required. Use of your cell phone to receive updates is optional.

*Car Title Loans are expensive and you may have other ways to get funding that is less expensive. These types of loans are meant to provide you with short term financing to solve immediate cash needs and should not be considered a long term solution. Residents of some states may not be eligible for a loan. Rejections for loans are not disclosed to our firm and you may want to contact the lender directly.

*Car Title Loan lenders are usually licensed by the State in which you reside. You should consult directly with these regulatory agencies to make sure your lender is licensed and in compliance. These agencies are there to protect you and we advise making sure any lender you receive money from is fully licensed.

*Trading Financial Credit, LLC dba TFC Title Loans, Car Title Loans California, Dineromax. If you are using a screen reader and are having problems using this website, please give us a call at 1-844-242-3543 for immediate assistance.

Skip to content