Payday Loans in Mesa AZ – Get Instacash, The Safe Payday Loan Alternative

Payday loans are controversial short-term loans. One of the reasons they are controversial is because they charge high interest rates and fees. In fact, payday loans are some of the most expensive lending options out there. Oftentimes, people that borrow money from payday lenders find themselves struggling to pay back what they owe. Borrowers are at greater risk of falling into cycles of debt and damaging their credit scores.

For this reason, payday loans are banned throughout Arizona. There are other short-term options available, and some will be better on your finances than others. Our guide will go over everything you need to know about short-term loans and payday loans in Mesa AZ. 

How to get a cash advance in Mesa AZ

Some short-term loans come with unfavorable terms and conditions that can leave your finances worse off. If your credit isn’t great, you can count on being charged even more. The good news is that there are affordable short-term lending solutions that don’t require a credit check. Cash advances are one example. Take a look at our top choice for cash advances in Mesa, AZ. 

Instacash

Max advance amount: $250

APR: 0%

Credit affects: None

MoneyLion offers a cash advance feature called Instacash which won’t affect your credit score. While this 24/7 on-demand resource for fast cash has many perks, it’s most significant by far is its 0% APR. That’s right – when you get a cash advance from Instacash you’ll only have to pay back the original amount you borrowed and nothing more. 

Instacash is one of the most price-friendly cash advances around. And true to its name, it’s also incredibly fast. Some lenders will take several days or weeks to approve you and deposit funds. With Instacash, you could receive your funds instantly by opting into a small fee. Not in a rush? No worries, you’ll still get your money in about 2 days for free. 

How to qualify: 

• 18 years or older

• Bank account showing consistent income or deposits

• Active bank account that’s been open for over 60 days

• Positive balance within your checking account

In-person lender

Max loan amount: none

APR: As high as 36% plus additional fees

Credit affects: Can harm your credit score if you miss payments

Short-term lending solutions are most often either Installment loans or title loans. Installment loans have to be paid back over various time intervals. While title loans require you to put up collateral in exchange for the loan – such as your car or your home. In both cases, lenders have control in deciding the terms you must adhere to. If you don’t meet your obligations you could face financial consequences, fall into debt, harm your credit score, or even lose an important asset like your car or home. 

For these reasons, we don’t recommend short-term lending solutions – especially if you have poor credit. You could be charged above-average interest rates that could ultimately hurt your finances. Make sure to explore other resources for financial assistance, such as local charities, non-profits, or even a side-gig. If you do decide to go with a short-term lender, read up on your lender’s terms before you agree to the loan. You can read more about short-term loans and payday loans in Mesa AZ here. 

How to qualify: 

• 18 years or older

• Citizen of the U.S. or permanent resident

• Bank account showing consistent income or deposits

• Name, date of birth, Social Security number, valid ID, and other personal information

• Active checking account

Instant loan options in Mesa AZ

Along with cash advances, instant loans are another impressive option for a fast and safe loan. Take a look at our top instant loan choice in Mesa. 

Credit Builder Loan

Loan amount: Up to $1,000

Credit affects: Over half of Credit Builder Loan members boost their credit score by 60 points in just 60 days! 

Most lenders will try to take advantage of your situation if you have poor credit or no credit history at all. They’ll charge you high interest rates that will end up making it harder for you to pay off your loan. This creates a toxic cycle of debt that can ultimately harm your credit score even more. MoneyLion’s Credit Builder Loan is different. This instant loan is specifically designed to boost your credit score.

There’s no hard credit check required to get started. You can get approved instantly and receive access to your loan at a competitively low APR faster than most other lenders. MoneyLion also provides additional financial resources to help you stay on top of your payments. In fact, most borrowers see their credit scores raised within as little as two months! 

How to qualify:

• 18 years or older

• Citizen of the U.S. or permanent resident

• Name, date of birth, Social Security number, valid ID, and other personal informaiton

• Active bank account

What’s included?

• A loan for up to $1,000 over 12 months

• Credit score monitoring resources

• A Credit Reserve Account that is also a built-in savings account by earning interest 

• Potential to boost your credit score by 60 points in 60 days!

• Instacash benefits

Comparing your cash advance loan options in Mesa AZ

Looking to compare your options for cash advances in Mesa? We’ve done the research on what’s available so take a look and start comparing!

Find better alternatives to predatory payday loans in Mesa AZ

Some lenders will try to charge you excessive fees that can end up leaving you worse off financially. It’s best to avoid these types of lenders and seek out more sustainable choices – like MoneyLion.

MoneyLion is a powerful financial resource that offers lending, investing, banking, and other services. MoneyLion’s online bank account, called RoarMoney comes with unique perks like early paycheck deposits and cashback rewards.

There’s also handy financial tools like budget tracking that can help you keep your financial goals in line. MoneyLion is designed to help you get the most out of your finances! Learn more here.