Payday Loans in Chattanooga, TN | Cash Advance in Chattanooga, TN



Have you ever been in a challenging financial situation where a few dollars could solve your problem in a minute? Come on! We have all been there. Human beings are desire-driven creatures, and none of us can always fight the urge of overspending. The regret that comes afterwards, however, can sometimes cost us a fortune. But don’t worry, payday loans have your back.

A payday loan is a relatively small amount of money lent at a specific interest rate on the agreement that it will be repaid when the borrower receives their next paycheck.

Every loan is composed of two different parts: principal and interest. This remains true whether you’re borrowing a lot of money for a large purchase such as a home or car or if you just need a little extra cash before your next payday.

Chattanooga is a city located in southeastern Tennessee. The Tennessee River flows alongside the city in the foothills of the Appalachian Mountains. It’s home to several beautiful landscapes and green areas. In addition to this, one of the famous historical places in Chattanooga is the site of a Civil War battle which is now honoured at the Battle of Chattanooga Museum.

According to a report by Data USA, the largest industries in Chattanooga are Health Care & Social Assistance, Manufacturing, and Retail Trade. The highest paying industries are Management of Companies & Enterprises, Mining, Quarrying, & Oil & Gas Extraction, and Utilities. The unemployment rate has been pretty controlled in the past few decades, and the opportunities remain steady.

Some of the largest employers in the area include Erlanger Health System, BlueCross BlueShield, Mckee Food Corps, Volkswagen of America, Unum, and the Tennessee Valley Authority. Many people have good jobs at places like Starbucks, Wal-Mart, Home Depot, and Amazon as well.

However, financial problems have no set selection process. They can knock on any door at any point in life. Any unexpected event in your life can cause minor economic instability in a person’s perfectly smooth financial life. Some can be caused by unforeseen circumstances like a car crash or an emergency medical need, while others can occur when you’re short on some cash for your next significant investment. In either case, no issue is ever too big or small to fix. There are always ways to solve your temporary financial problems!

Fortunately, we have payday loans that can help us out in situations like that! We can understand that the term can seem a little daunting to many people. Don’t worry; we’ve got your back. We’ll explain everything, from the popular questions to actually connecting you to potential lenders!

In most cases, submitting your information through our site will only take a few minutes of your time. After submitting your information, you will be redirected to the lender’s website to review the loan terms. If accepted, the funds will be deposited into your bank account as early as today!

Let’s break it down further. You borrow the amount of cash needed for your immediate problem from a lender. The lender will need your bank account information to wire you the money in as soon as a few minutes. Plus, the payback can be automatically deducted from your account when it is due. That doesn’t sound too hard. Well, we make it easier!

Everyday things people take a $100 loan for:

  • Paying for a utility bill like water or electricity
  • Paying for part of a rent or mortgage payment
  • Paying for groceries
  • Paying for cell phone or internet bill
  • Paying for an unexpected car repair
  • Paying for an unexpected house repair
  • Paying for an appliance repair
  • Paying off a credit card bill for a vacation or something else
  • Paying for child care
  • Paying for clothing or other supplies for school
  • Paying for an emergency medical expense
  • Paying for work supplies

FAQs:

How much can we borrow?

Most people looking into payday loans try to cover a couple of hundred dollars before their upcoming paycheck hits their account. Payday loans are usually the most convenient and fastest method to get quick cash because there are no lengthy application or approval processes.

You can get a loan of up to $1000 or sometimes even more through a payday lender. However, loans greater than $1000 have a more elaborate application process that sometimes requires a traditional credit check. The lender does charge you interest fees in addition to the principal that you will have to pay back. This is debited from your account on your next payday through an ACH transfer.

What happens if I don’t pay back the loan on time?

The lender will often roll your loan over. What does that mean? It means you have to pay it back the next month with additional interest. We do not recommend this practice at all. This is bound to cause an accumulation of interest and make it harder for your wallet in the future! Have a spending plan in place before agreeing to terms with a lender.

What helps the most in situations like these is budgeting! When you’re taking out a loan, you should have a general idea of what you’re diving into. For example, if you have a loan this month, that means no more extra spending next month, and that Prada bag will have to wait! Make sure you have a plan in place to pay back your loan and any interest on time and in full.

Does my credit score matter?

The short answer is it does not have to matter! Unlike traditional bank loans, payday loans are not secured against an asset, nor must your credit score always be checked. Instead, factors such as your employment history and your tenure at your current job will be looked at when taking a payday loan!

However, loans greater than $1000 might require different documents and more elaborate background checks than a smaller payday loan.

Easy Online Application

Lengthy online applications can be a pain, we know. So, we have put together an easy and brief online application for your convenience. All you need is:

  1. Your Social Security Number (SSN)
  2. Your banking information
  3. A recent pay stub

With this information, you can apply for a direct payday loan in minutes and get your money as soon as the same day. Loan applications don’t get easier than this!

Click here to start your online application now!

Local Payday Loan Stores in Chattanooga, TN:

Even though our online application process is easy and convenient, we understand that some people still prefer doing business in person.

We only want the best for our customers, so we have created a list of local stores for you. This will save you the time and hassle of comparing interest rates at the store! Besides this, it is essential to know what lenders have the best reputation and work ethic before diving into something like this.

The comparisons can really be a headache sometimes, but we have got you covered. We still recommend applying online to make it easier to see the differences in each local store. However, here are a few picks amongst the numerous local stores in Chattanooga! Don’t forget that you don’t have to go visit a store in person – you can simply apply through our application engine!

Advance America
5250 Brainerd Rd Ste. 102, Chattanooga, TN 37411
(423) 855-1903
Advance America is a big name in the payday loan world. They have a very dependable service that has been tried and tested over the years. They have reasonable interest rates and a wide range of options to choose from. Finally, they can sometimes offer loans larger than $950, which can be a huge help!

Speedy Cash 
5900 Brainerd Rd, Chattanooga, TN 37411
(423) 892-3294
As the name suggests, Speedy Cash has very quick service. Alongside this, they’re known for their friendly and accommodating staff. They have the “beginner-friendly” store title as they have many good options for first-time customers.

Quick Credit
1408 Gunbarrel Rd, Chattanooga, TN 37421 
(423) 826-7821
Quick Credit has had a 5-star rating for almost two years now. They make sure the loan is available for their customers as soon as the same day. In addition to this, they have great interest rates and very efficient and helpful staff!

Advance Financial 
3536 Brainerd Rd Suite 108, Chattanooga, TN 37411
(423) 353-9290
Advance Financial has a very efficient customer service system. They have a very decent interest rate and a flexible payback system. Advance Financial is also known for its variety of options and student offers!

Check into Cash 
3800 Tennessee Ave Suite 136, Chattanooga, TN 37409
(423) 822-9803
Check into Cash has a wide range of loan options available, which helps you make the right choice for your needs. In addition, the store has quick service and can give out loans as big as $500.