Payday Loans in Calexico, California
Events happen, and we usually end up in a spot where we must pay for some unforeseen expenses. Consider submitting an application for a cash advance loan in Calexico, CA, to see if you meet the requirements.
The loan request process is fast and simple. To be qualified, borrowers must meet a few basic criteria.
What is a Payday Loan? What Can It Cover?
A payday advance loan is where the borrower will get a small amount of cash on a short-term basis. This is deemed to be an unsecured personal loan because no collateral is required.
When surprise costs present themselves, such as past due rent or utility payments, vehicle fixes, medical or vet payments, and so forth, individuals often rely upon cash advance loans.
Payday Advance Loan Requirements In Calexico, California
In Calexico, CA, payday loan borrowers are required to meet a few stipulations to be eligible for a loan.
The borrower must:
- Provide proof that they are a resident of Calexico, CA
- Must be at least 18
- Receive a steady income that they can prove that's at least $1,000/month
- Provide up-to-date contact details such as phone number and email address
- Provide their social security number
If a borrower does not meet the above criteria, they will automatically be denied a cash advance loan. Make sure you have the documentation needed when submitting your application.
Laws and Regulations Regarding Payday Loans in Calexico, CA
The State of California has deemed payday lending legal. Although, they have put forth the below rules and laws for the paycheck advance lending market:
- A single money lender cannot extend a loan greater than $600. Borrowers may not take out greater than two outstanding loans from different lenders. There is no smallest loan amount.
- There is no minimum loan term, the longest loan term length is 31 days. In the State of California, borrowers are unable to rollover their loans.
- The fees and charges change for each lender. The service fees enacted by lenders on each loan or transaction are not considered interest. The service fees apply to every $100 borrowed and can range from 11% up to 15%.
- An interest rate is required to be mutually agreed upon. APR can be as much as 369%.
Will Cash Advance Lenders in Calexico, California, Run Credit Checks? What If I Have Poor/No Credit History At All?
Yes, the lenders we partner with will perform a credit check on you, still, even if you have no credit or less than optimal credit, you might still be approved for a loan as long as you can show that you are able to pay back the loan. Lenders are generally unconcerned about your credit if you possess proof of income and a plan to pay back the loan.
Lenders will rely on a soft credit inquiry, which will have no impact on your credit score. This is simply to get a feel of your credit history and general information.
A hard credit pull, alternatively, requires your permission. These credit checks are performed for a variety of purposes, including mortgages, credit card applications, and more.
You may still qualify for a payday loan with poor credit in Calexico, CA, provided that you can prove you will repay the loan.
So, when you apply, albeit in person or online, double check that you have your income information easily accessible and any other documents verifying that you can pay back the loan. The more evidence you show, the better chance you are to be approved.
When Will I See My Deposit in Calexico, CA?
When you get your funds truly depends on your lender as some lenders advertise same-day payday advance loans, which means you will receive your payday advance loan on the same day you submit your application, as long as you get an approval.
Much of the time, though, lenders will send the borrower their lump sum on the next business day. Businesses often close for holidays and weekends. Because of this, if you submit your application on a Friday, you might not see your cash until Monday.
If you're looking for a same-day payday loan in Calexico, CA, you will need to ensure you're applying by 10:30 am. All same-day funds going out that day will be approved by that time. However, you should request a loan earlier than that if possible, as it will increase the likelihood that you see your funds on the same day that you submit your application.
One additional factor that you should understand is despite if the money lender grants your loan request and posts the credit to your checking account, occasionally the bank won't release that credit right away. It's important to let your bank know that you plan to get a cash advance loan, so they could possibly make an exception in releasing the loan earlier.
On the whole, it's wise to prepare ahead of time to get your deposit on the next business day. That way, you're not left in the lurch if you cannot get it on the same day.
Consider Working With Us
If you possess underwhelming credit or no credit and are needing to get a cash advance loan, consider applying with us, as you most likely have a better chance of approval.
We partner with hundreds of different lenders who provide their services online. Much of the time you will get your deposit on the following business day so ensure that you plan appropriately.
However, you can always locate the closest payday advance loan storefront to you and apply in person to boost the chances of getting your money on the same day. When requesting a loan in person, ensure that you have your government ID or driver's license; a passport will work as well. Sometimes, lenders may ask for proof of address, so bring a utility bill to the store as well.
To locate the nearest cash advance loan storefront, please refer to the list below and search for your city.
Payday Loan Direct Lender Companies in Calexico, CA
Below you will find a list of payday loan companies offering their services in Calexico, California. If you can't find a lender near your location in Calexico, 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 Calexico, 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.