Payday Advance Kansas
Kansas's residents who are strapped for cash due to financial emergencies or other reasons will find that Kansas's payday advance loans provide solutions to such events. It can be quite difficult to make ends meet in a tough economy and those pains are compounded when life throws unexpected situations at you that require fast cash.
Luckily, Kansas offers its citizens rapid payday cash advances that meet such needs without adding a heap of stress onto your already difficult situation. Kansas's payday advances are a perfect solution to short-term cash requirements. Not only do you get the needed cash normally within a day's time, but also the loan is quickly paid off using your next scheduled paycheck.
What Exactly Are Payday Loans?
Payday loans are short-term advances that use your next paycheck as collateral to obtain small amounts of emergency cash. Because your current employment is used as collateral, Kansas's payday lenders rarely engage in credit checks, which make getting the finances you require easy regardless of whether you have bad credit or no credit at all.
Unexpected events occasionally occur which require instant funding. Vehicle breakdowns, illnesses, unexpected bills, cash requirements for school aged children, etc. can put you in a hard position if they catch you between paydays. Kansas's payday advances provide the quick cash you need to handle the situation and, because these small loans are repaid out of your next paycheck, your life is only minimally interrupted.
What to Expect When Applying for Kansas Payday Loans
You can seek payday short-term loans either through an approved lender in the state of Kansas or via an online lender. However, online lenders must adhere to the specific laws and regulations surrounding payday advances when providing funds for Kansas's residents. Online lenders provide the same rapid service as brick and mortar stores with the additional benefits of being more convenient and being obtained from the privacy of home or office.
Kansas's payday loans are quite easy to obtain. You only need to fill out a short application with some simple information including the loan amount requested and the anticipated repayment date. You will also be required to provide the lender with employment verification and an accepted form of personal identification. Bank account information is also supplied and some lenders require a post-dated personal check made out for the total amount of the loan plus interest and fees that can be cashed should you not arrive on the due date to make payment.
Your application and required information are then submitted for approval. The approval process for Kansas's payday advances normally takes from a few hours to the next business day. Once your payday loan application is approved, the lender deposits the funds into your supplied account for immediate use.
Kansas Payday Loan Laws and Guidelines
You can obtain a payday advances Kansas loan up to an amount of $500. The loan term is set for repayment within 7 to 30 days. The finance rate and subsequent fees are not to exceed 15% of the loan amount which equates to a $15 charge on a $100 loan set for repayment in 14 days, or an APR of 390%.
There are a maximum number of two outstanding Kansas payday loans allowed at any one time, per resident. Kansas's law does not specify the number of rollovers, or extensions, for payday advances. Only one NSF non-sufficient funds (NSF) fee is allowed, but the amount is also not specified and a monthly fee of three percent of the outstanding balance can be charged if the loan becomes overdue. However, no other fees or charges are permitted.
Additional Information on Kansas Payday Loans
If you require more information or require answers to questions concerning Kansas's payday loans, the laws governing them, or lender locations, you can use the following contact information.
Office of the State Bank Commissioner
700 SW Jackson, Suite 300
Topeka, KS 66603