Payday Loan in Boca Raton, FL
When financially drained, your mind can get overwhelmed trying to find out where to get quick cash. Applying for payday loans is a proven strategy to escape such situations.
For a resident of Boca Raton, FL, there are no valid reasons for not considering payday loans for your troubles this is because there are about 171 payday loan lenders in the city of Boca Raton! A payday loan could be your quickest way out of a financial setback.
Every resident over 18 years of age can access payday loans in Boca Raton, FL. This short-term, small-dollar loan is accessible even for those with no or bad credit.
According to Florida state law, you can get a maximum of $1000 in payday loans to pay back in installments within 60 to 90 days. You can also borrow up to $500 and pay it back in one lump payment between 7 and 31 days.
In Florida, the number of outstanding loans one can have is only one at a time, and the cooling-off period between two consecutive loans is 24 hours.
Pros of Payday Loans in Boca Raton, FL
Payday loans in Boca Raton, FL, have plenty of benefits. These include:
- Quick to process – Compared to most loans, payday loans take the least amount of time to process. Payday loans in Boca Raton are processed within minutes. Lenders of payday loans deposit the cash into your account on the same day or within a single business day.
- Payday loans don’t require credit checks – If your credit history is terrible, applying for payday loans in Boca Raton, FL, is bliss. Lenders don’t do any checks before they give you this cash advance loan.
- Perfect for emergencies – Payday loans can sort all kinds of financial needs.
How to Get Payday Loans in Boca Raton, FL
How do you determine if a lender is licensed? This is something most borrowers grapple with. Payday loan borrowers need to be sure they are working with licensed lenders lest they end up in an even deeper financial hole.
AdvanceSOS has come up with a solution to assist these borrowers: we’ve gathered data on all licensed lenders in Boca Raton and have partnered with them to protect you from loan sharks or unscrupulous dealers.
Applying in-person may also be an ideal solution. However, it will mess you up big time if you cannot differentiate between legit lenders and illegal dealers, so it’d be better to stick to this online platform that has already vetted through the lenders for you.
Requirements for Payday Loans in Boca Raton, FL
What do you need to get payday loans in Boca Raton, FL? To be eligible, you need to:
- Not be a minor. In the U.S., it’s illegal to lend money to a minor, so the borrower should be 18 years or older.
- Have valid identification documents, such as a government-issued ID or driver’s license
- Possess a bank checking account
- Proof of a steady income source
- Have a valid email address and phone number
- Some lenders may ask for your social security number
APR and Fees
The cost of borrowing payday loans is steep. Lenders charge high fees and interest because payday loans have higher default rates. The APR is 304% in Florida, and the finance charge is 10% for every $100, plus a verification fee of $5.
How We Can Help
AdvanceSOS’s work is to connect borrowers of payday loans with reputable loan companies. We are not lenders, but our database of lenders and lending partners is vast. If you apply for payday loans in Florida via this platform, you can rest assured that you will be in safe and secure hands.
However, ensure that you read the print on the loan agreement before you sign it. Remember, you have a right to decline any contract that does not represent your best interests.
ATM Locations in Boca Raton, FL
|Bank of America ATM (Drive-thru)||4000 N Federal Hwy, Boca Raton, FL 33431|
|Bank of America ATM (Drive-thru)||4000 N Federal Hwy|
|Bank of America ATM (Drive-thru)||21060 St Andrews Blvd|
|Bank of America ATM (Drive-thru)||2000 Glades Rd STE 100|
|ATM||868 Jupiter Blvd NW, Palm Bay, FL 32907|
|BB Americas 24/7 ATM – Boca Raton||698 Yamato Rd #5|
|Bank of America ATM (Drive-thru)||17960 S Military Trail|
|ATM Machine at Global Entertainment Group||150 E Palmetto Park Rd, Boca Raton, FL 33432|
|PNC Bank ATM||2400 N Federal Hwy, Boca Raton, FL 33431|
|Cardtronics ATM||17800 Congress Ave, Boca Raton, FL 33487|
|BBT – ATM||6100 Glades Rd, Boca Raton, FL 33434|
|Bank of America ATM (Drive-thru)||1000 N Federal Hwy|
|ATM (TD Bank)||2301 N Federal Hwy|
|Bank of America ATM (Drive-thru)||150 E Palmetto Park Rd STE 106, Boca Raton, FL 33432|
|Citibank ATM||150 W Camino Real, Boca Raton, FL 33432|
|Seacoast Bank ATM||500 N Parrott Ave, Okeechobee, FL 34972|
|Presto ATM at Publix||1001 S Federal Hwy, Boca Raton, FL 33432|
|Wells Fargo ATM||7531 N Federal Hwy, Boca Raton, FL 34110|
|Presto ATM at Publix||4141 N Federal Hwy, Boca Raton, FL 33431|
|BBT – ATM||6100 Glades Rd, Boca Raton, FL 33434|
|ATM (TD Bank)||1317 W Palmetto Park Rd|
|Presto ATM at Publix||3003 Yamato Rd c9, Boca Raton, FL 33434|
Amanda is a senior writer at AdvanceSOS. She has more than six years of journalism experience, mostly in the finance sector. She graduated with a Bachelor’s Degree from Drew University.