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Payday loans in Omaha - Payday Advance Credit ™ USA

Payday loans are fast approval loans that do not need any form of collateral. These loans have a better approval rating since the lender won’t be running a credit check of the applicant. These loans are approved depending upon the information provided by the borrower.

Some of the benefits associated with payday loans Omaha are:

  • Quick approval – borrowers can receive their approval within 90 seconds of application submission.
  • Cash deposited directly in the bank account – once approved the cash will be deposited into your account by the next business day and sometimes even sooner.
  • Clearly laid down terms – most of the payday loan providers operating in the City of Omaha are strictly following the state norms which include some clearly stated rules and regulations.

Some lenders might still be involved in unlawful practices when it comes to payday loans. The policies governing these loans vary depending upon the state; in some states it can be stricter than others. In the City of Omaha all laws concerned with payday loans are included in the Nebraska Statutes Annotated § 45-901 and Nebraska Revised Statutes § 45-904.


Payday loans were introduced in the state for the first time in the year 1994. According to the rules governing these loans the lender must be physically present in the state in order to operate in the region. All lenders that have their entire operations online with no physical presence in the state are considered illegal. Also according to the Nebraska Law, the lenders operating in Omaha must have licenses if they wish to provide their services. Moreover, in order to begin with a lending business the lender has to provide a bond of $50,000 and an additional bond of $25,000 for every location that the lender wishes to operate in. the license cost for the lender in the state of Nebraska is $500 and for every additional branch an extra $125. The lending licenses are to be renewed every year.


The maximum fee amount that can be charged for a $100 loan is $15. Moreover, the borrower also has to pay a finance charge of $17.65 for every $100 taken for a period of two weeks. APR for these loans must not exceed 459%. A written agreement is needed for each and every payday loan transaction. The agreement must contain all the information concerning the terms and fee. In the state of Nebraska however the lenders are not required to provide a disclosure for Truth in lending act.


The maximum payday loan amount for the state of Nebraska is $500 that can be given for a maximum time period of 31 days. These loans cannot be refinanced, renewed or consolidated. When the due date arrives the loan must be repaid in full. The lender is permitted to charge one NSF fee of $15 if the borrower has insufficient balance in his account to repay the loan. The borrower is permitted to have two different payday loans at the same time, however no extensions are allowed in the repayment period.

 

Our lending process is free of any catches and hidden clauses, because we answer all your doubts and explain the lending process explicitly to our buyers. Whether you have hundred questions or one, we make sure that each of them is answered to your utmost satisfaction before and after applying the loan.

Fraud Alert Please be informed about stores pretending to be Payday advance credit. Read more We're a fully licensed company. Getting a safe and easy loan We are a locally owned and fully licensed company operating locally and online. You can learn more about our payday loans and licensing information for lenders here!

Disclaimer : Payday advance credit is not a financial organization or a lender. We do not provide loan or make decisions relating to the lending policy of our lenders. When you apply for a payday loan by filling out the application form available on our site, it does not guarantee approval of the loan. We forward your filled form to our network of lenders, who then evaluate your application based on their set criteria and approves your loan. Based on your application, our lenders will offer you the rate of interest, charges involved and other terms guiding your loan process. Once you get the offer from the lender, you can then decide whether you need to accept the amount or not. Payday advance credit does not play any role in deciding your loan amount, interest charged or any other terms related to it. We advise our clients to read the terms and conditions properly and weigh the pros and cons that follow before signing the contract. We make our earnest effort to provide you with up to date and explicit information on our site. If you decide to accept the offer, then you will have to sign the documents electronically and send it over to us. After you duly sign and agree to the agreement, we will then put forward the amount in your bank. We are in no way obligate you to accept the loan amount after the offer is made. You are solely responsible to accept the loan amount based on your personal decision. Some of our lenders will run a credit check on your name to ensure your capability to repay the loan. The verification won't affect your credit history and is performed by lenders to cover risks associated with lending money. Payday advance credit reserve the right of making any changes on our website without intimating the clients in advance. The updated information is effective from the time it is updated and it is the responsivity of the customer to read them prior to applying for a loan. Payday advance credit or its affiliates do not guarantee availability, performance accuracy and functionality of the third party software working on our website. Any transactions occurring between you and payday advance credit is subjected to local jurisdiction regardless of the place where you reside. Payday advance credit or its affiliates does not guarantee the performance, availability, functionality and accuracy of the third party software present on its website. All the transactions between Payday advance credit and you are subject to the local jurisdiction regardless of the location where you live when you accept a short term loan or advance credit. We advise you to go through rates and fees section on our site to understand the laws and terms that follow your agreement. Our terms of use will help you in gathering more information on the loan process, products and services to understand it thoroughly. Read our privacy policy to understand rules and regulations to understand the collection, use and distribution of personal and non­personal information that's been gathered from customers by Payday advance credit or any affiliates. Privacy Policy