Payday Loans in Auburn, California
Things happen, and we often find ourselves in a situation where we have to cover some surprise bills. Think about applying for a payday advance loan in Auburn, California, to see if you meet the requirements.
The loan process is fast and simple. To qualify, you must meet a couple of basic requirements.
What is a Paycheck Advance Loan? What Can It Be Put Towards?
A payday advance loan is where the borrower will get a small sum of funds on a short-term basis. This is considered an unsecured personal loan due to the fact that no collateral is required.
When unexpected expenses arise, like past due rent or utility payments, vehicle costs, health or vet payments, and so on, individuals frequently rely upon payday loans.
Payday Loan Requirements In Auburn, California
In Auburn, CA, cash advance loan borrowers must satisfy a few criteria to be eligible for a loan.
The borrower must:
- Prove that they reside in Auburn, California
- Must be 18 years of age
- Have a steady income that they can provide proof of being at least $1,000 per month
- Provide current contact information including cell phone number and email address
- Provide their social security number
If a borrower does not abide by the above criteria, they will immediately be denied a paycheck advance loan. Make sure you have the documentation required when applying for a loan.
Laws and Rules Concerning Cash Advance Loans in Auburn, CA
The State of California has deemed payday lending legal. Still, they have put forth the following rules and regulations for the paycheck advance lending market:
- A single lender can't offer a loan in excess of $600. Borrowers are not allowed to take out greater than two active loans from different lenders. There is no smallest loan amount.
- The minimum loan term is not determined, the longest loan term length is 31 days. In California, borrowers are not allowed to rollover their loans.
- The fees and charges are different for each money lender. The service costs charged by lenders on each loan or transaction do not fall under interest. The service fees apply to each $100 loaned and can range from 11% up to 15%.
- An interest rate must be mutually decided upon. APR can range up to 369%.
Will Paycheck Advance Lenders in Auburn, CA, Perform Credit Checks? What If I Have Poor/No Credit History At All?
Yes, the lenders we work with will run a credit check on you, but, even if you possess no credit or dismal credit, you might still be eligible for a loan given that you can prove that you are able to pay back the loan. Lenders are usually unconcerned about your credit history if you possess proof of income and a plan to repay the loan.
Lenders will conduct a soft credit inquiry, which will not impact your credit score. This is simply to get a feel of your credit history and basic information.
A hard credit pull, on the other hand, needs your permission. These credit inquiries are performed for various purposes, including mortgages, credit cards, and more.
You may still be approved for a payday loan with poor credit in Auburn, CA, provided that you have proof of repayment.
So, when you apply for a loan, albeit in person or online, make sure that you have your income information available and any other documents showing that you can repay the loan. The more proof you show, the more likely your loan request will be granted.
When Will I See My Funds in Auburn, CA?
When you receive your cash truly depends on your lender as some lenders offer same-day payday loans, which means you will get your payday advance loan on the same day you apply, as long as you get an approval.
Most of the time, though, lenders will send the borrower their lump sum on the following business day. Businesses typically close for holidays and weekends. Therefore, if you apply on a Friday, you may not get your deposit until Monday.
If you're searching for a same-day payday advance loan in Auburn, California, you will need to make sure you're applying by 10:30 am. Any and all same-day payments going out that day will be approved by that deadline. However, you should request a loan earlier than that if able, as it will increase the likelihood that you see your funds on the day that you apply.
One other factor that you should be aware of is despite if the money lender approves your application and posts the loan to your bank, occasionally the bank won't release that credit right away. It's vital that you let your bank know that you plan to receive a payday advance loan, so they might make an exception in releasing the funds earlier.
On the whole, it's wise to prepare ahead of time to receive your deposit on the next business day. That way, you're not left in the lurch if you cannot receive it on the same day.
Consider Working With Us
If you have poor credit or no credit and are searching to secure a payday loan, consider applying through us, as you usually have a higher chance of approval.
We partner with more than one hundred different lenders who offer their services online. Often you will get your loan on the next business day so make sure that you plan correctly.
However, you can always locate the nearest payday loan storefront to you and apply in person to increase the chances of receiving your money on the same day. When requesting a loan in person, make sure that you have your government ID or driver's license; a passport is sufficient. Occasionally, lenders may require proof of address, so take along a utility bill to the store too.
To find the nearest payday advance loan storefront, please use the list below and find your city.
Payday Loan Direct Lender Companies in Auburn, CA
Below you will find a list of payday loan companies offering their services in Auburn, California. If you can't find a lender near your location in Auburn, consider applying in a nearby city in California. Alternatively, you can apply online on our website and get a decision almost instantly.
If you can't find a lender near your location in Auburn, consider checking out payday loan lenders in nearby cities. Alternatively, apply online on our website and get an instant decision. If approved, you will get your cash the same or next business day.