Many people wonder about the way payday loans work in OKC. They are actually quite simple, as the online application is a straightforward process that offers borrowers fast approval time in most cases. When you experience an unexpected expenses or a financial emergency, a payday loan lender can be a great source for fast cash.
Simply fill out the easy application form and wait to be approved. Once you are, you will sign a contract with our company. There are no hidden fees or charges when we give you the loan, and we comply with all laws required in the Truth in Lending Act, or TILA. We clearly state all terms of the agreement, which includes how much the loan is for, the repayment date, how much is required for full repayment, and the APR that will be applied to the amount that is borrowed. Carefully read and understand all terms and conditions of your application before signing it in Oklahoma.
Once the payday loan contract is signed in Oklahoma, the funds will be given to the borrower in a couple of different manners, depending on how the loan was applied for. If approved online, the loan will be directly deposited into the active checking account that you provided on your application. Your loan will be wired the next business day after approval. For applications that are filled out in a store, funds are given upon approval, that very day. In most cases, it will be necessary to give the company a post-dated check, filled out for when the payment is due. This will include the full amount of the loan, plus any and all agreed upon fees. The lender will then hold the check, to be deposited once your payment date comes up.
Repaying the loan will also depend on whether you have borrowed online or at a local business. When applying online, you will be asked to repay the loan by pre-authorizing an electronic withdrawal from the checking account you receive your loan in. This will be for the amount that was borrowed, plus the agreed upon payday loan fee. For transactions that occurred at a local store, you can repay the loan back on or before the scheduled due date by paying the loan amount plus fees. You also have the option of doing nothing, and the lender will deposit your post-dated check in order to receive their payment.
A short-term payday loan is best used for an occasional expense in Oklahoma. A financial emergency is one of the best times that these loans can come in handy. We strive to make your payday loan experience with solidcashsolutions.com as easy and enjoyable as possible.