Payday Advance Nebraska
Emergencies can crop up at any time leaving you short on cash to meet pressing needs. Your vehicle, which is required to get to work and for other errands and activities, might break down, you or a family member might experience a sudden illness that requires immediate attention, you may have upcoming due dates on overlooked bills, or any number of other situations that arise before the arrival of your next paycheck.
Those living in Nebraska have the option of taking out a payday advance loan that provide quick funds to meet such emergencies. Payday advances not only give you the money you need to get your life back on track, but they are also short-term loans that are repayable in a short period of time thereby allowing you to avoid burdensome payments that come with long-term loans.
What Are Payday Advances?
Payday cash advances allow you to acquire small amounts of cash to meet financial emergencies. They are easy to get, require very little information, are quickly repaid and usually do not require credit checks. Basically, all that is required is that you be over 18 years old and have a verifiable form of regular income.
Nebraska payday loans offer resident's cash advances to help alleviate tight financial hardships. Although such loans have high interest and fees associated with them, they are also repaid quickly, normally upon your next scheduled payday, so they don't cause long-term financial burdens. The cash received from Nebraska payday advances can be used for emergencies, to buy necessary items, to take vacations, or for any purpose you desire.
How to Get Nebraska Payday Loans
Payday cash advances are designed to provide cash rapidly in order to meet financial emergencies, the process for obtaining them is quite simple. After researching loan terms of various lenders either in-state or online and selecting the best one, you fill out a short application form and provide personal identification, checking or savings bank account information, and proof of regular income. Some lenders may also require that you supply them with a check post-dated for the due date.
Your payday advance Nebraska loan application is then processed with results usually occurring within the same day or on the next business day. Once your loan is approved, the requested amount is deposited into your provided account. You then repay the loan plus associated interest and service fees on the date specified during your application process. Repayment of Nebraska payday cash advances can be made in person, by post-dated check, or by approved direct withdrawal from your bank account.
Nebraska Payday Loan Guidelines
Nebraska payday advances can be obtained from a licensed in-state provider or via an Internet payday loan company. However, any lender must meet the following laws governing Nebraska payday loans providing cash advances to Nebraska residents.
Loans of up to $500 can be borrowed in the state of Nebraska with a limit of two outstanding loans at any one time. Payday loans cannot be rolled over and, therefore, must be repaid in no more than 34 days. The maximum finance charges and fees that can be placed on loans by a lender is $15 per every $100 borrowed. That equates to $17.65 on a 14-day loan of $100, or 459% APR. A maximum collection fee of $15 can be charged on accounts with non-sufficient funds (NSFs).
Where to Obtain Further Information on Nebraska Payday Advances
Answers to questions, participating lenders and their locations, and other information on Nebraska payday loans can be obtained through the following state department.
Nebraska Department of Banking & Finance (NDB&F)
Financial Institutions Division
Commerce Court, Suite 400
1230 'O' Street
Lincoln, NE 68508-1402
Consumer Hotline: 877-471-3445