Payday Loans in Ceres, California
Life happens, and we often find ourselves in a situation where we must pay for some unforeseen expenses. Consider applying for a payday advance loan in Ceres, California, to see if you meet the requirements.
The application process is quick and simple. To be eligible, borrowers have to meet a few general requirements.
What is a Payday Advance Loan? What Can It Be Used For?
A cash advance loan is where the borrower will get a petite sum of cash on a short-term contract. This is considered an unsecured loan as no collateral is required.
When surprise expenses present themselves, for example missed rent or utility fees, vehicle fixes, medical or vet bills, and so forth, people often seek out payday advance loans.
Payday Loan Criteria In Ceres, CA
In Ceres, California, cash advance loan borrowers must meet several criteria to qualify for a loan.
The borrower has to:
- Show proof that they are a resident of Ceres, California
- Must be 18 years of age
- Receive a steady income that they can prove that's at least $1,000 per month
- Give current contact details like phone number and email address
- Give their social security number
If a borrower does not meet the above rules, they will automatically be denied a paycheck advance loan. Make sure you can provide the documentation required when applying.
Laws and Regulations Regarding Paycheck Advance Loans in Ceres, CA
California has deemed cash advance lending legal. Although, they have put forth the following rules and regulations for the payday lending industry:
- A single lender cannot extend a loan greater than $600. Borrowers are not allowed to have greater than two outstanding loans from different lenders. There is no smallest loan amount.
- The minimum loan term is not set, the maximum loan term length is 31 days. In California, borrowers may not rollover their loans.
- The fees and charges are different for each loan lender. The service fees charged by the lender on each loan or transaction are not considered interest. The service fees apply to each $100 borrowed and can range from 11% up to 15%.
- An interest rate is required to be mutually decided upon. APR can be as much as 369%.
Will Payday Advance Lenders in Ceres, California, Run 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, still, even if you possess 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 usually unbothered by your credit if you offer proof of income and a plan to pay back the loan.
Lenders will conduct a soft credit pull, which will not impact your credit score. This is solely to get an idea of your credit history and basic information.
A hard credit pull, on the other hand, must have your explicit consent. These credit checks are performed for a variety of purposes, including mortgages, credit cards, and more.
You can still qualify for a payday loan with poor credit in Ceres, California, provided that you have proof of repayment.
Therefore, when you request a loan, albeit in person or online, ensure that you have your income information at hand and any other documents proving that you can pay back the loan. The more proof you possess, the more likely you are to be approved.
When Will I Get My Money in Ceres, CA?
When you receive your money really relies on your lender as some lenders offer same-day cash advance loans, which means you will see your cash advance loan on the same day you request a loan, as long as you receive an approval.
Much of the time, however, lenders will send the borrower their lump sum on the next business day. Businesses often close for holidays and weekends. Therefore, if you submit your application on a Friday, you may not see your money until Monday.
If you're looking for a same-day paycheck advance loan in Ceres, California, you will need to make sure you're applying by 10:30 am. All same-day payments 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 get your deposit on the same day that you apply.
One other consideration that you should know is even if the money lender approves your application and posts the credit to your checking account, occasionally the bank won't release that credit at that time. It's important to let your bank know that you plan to receive a paycheck advance loan, so they could possibly make an exception in releasing the deposit earlier.
Overall, it's wise to prepare in advance to receive your deposit on the next business day. That way, you're not out of luck if you cannot receive it on the same day.
Think About Working With PaydayLoanRadar
If you possess bad credit or no credit and are needing to get a paycheck advance loan, consider applying with us, as you probably have a better chance of approval.
We partner with hundreds of different lenders who provide their services online. Often you will receive your funds on the next business day so ensure that you plan appropriately.
Although, you can always find the nearest paycheck advance loan store to you and apply in person to boost 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 will work as well. Sometimes, lenders may request proof of address, so bring a utility bill to the store as well.
To locate the nearest cash advance loan store, please use the list below and find your city.
Payday Loan Direct Lender Companies in Ceres, CA
Below you will find a list of payday loan companies offering their services in Ceres, California. If you can't find a lender near your location in Ceres, 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 Ceres, 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.