Payday Loans in Citrus Heights, California
Events happen, and we usually wind up in a place where we have to pay for some surprise costs. Consider submitting an application for a payday loan in Citrus Heights, CA, to see if you qualify.
The loan request process is quick and simple. To qualify, borrowers have to meet a couple of straightforward 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 money on a short-term agreement. This is deemed to be an unsecured loan as no collateral is needed.
When surprise financial needs come up, like late rent or utility payments, car fees, medical or vet fees, and so on, people often seek out paycheck advance loans.
Payday Loan Criteria In Citrus Heights, California
In Citrus Heights, CA, paycheck advance loan borrowers are required to meet several criteria to qualify for a loan.
The borrower must:
- Prove that they live in Citrus Heights, California
- Must be at least 18
- Receive a steady stream of income that they can prove that's at least $1,000 per month
- Provide active contact information such as 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 payday advance loan. Make sure you can provide the documents required when submitting your application.
Laws and Rules Regarding Cash Advance Loans in Citrus Heights, California
The State of California has ruled paycheck advance lending legal. Although, they have enacted the below rules and regulations for the paycheck advance lending market:
- A single money lender cannot offer a loan in excess of $600. Borrowers are not allowed to take out more than two active loans from different lenders. There is no minimum loan amount.
- The minimum loan term is not set, the maximum loan term length is 31 days. In the State of California, borrowers are unable to rollover their loans.
- The fees and charges vary for each money lender. The service fees enacted by the lender on a payday loan are not considered interest. The service fees apply to each $100 borrowed and can vary between 11-15%.
- An interest rate is required to be mutually decided upon. APR can be as high as 369%.
Will Payday Lenders in Citrus Heights, California, Complete 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 repay the loan. Lenders are generally unbothered by your credit if you have proof of income and a strategy to repay the loan.
Lenders will rely on a soft credit check, which will have no impact on your credit score. This is only to get an idea of your credit history and general information.
A hard credit check, alternatively, needs your explicit consent. These credit checks are performed for a variety of purposes, including mortgages, credit card applications, and more.
You may still be approved for a payday loan with less than great credit in Citrus Heights, CA, provided that you can prove you will repay the loan.
So, when you apply, whether it is in person or online, ensure that you have your income information at hand and any other documents proving that you can repay the loan. The more evidence you show, the more likely your loan request will be granted.
When Will I See My Deposit in Citrus Heights, California?
When you receive your funds truly depends on the lender as some lenders provide same-day cash advance loans, which means you will see your payday 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 next business day. Businesses typically close for holidays and weekends. Therefore, if you submit your application on a Friday, you might not get your cash until Monday.
If you're wanting a same-day cash advance loan in Citrus Heights, CA, you will need to make sure you're applying by 10:30 am. All same-day deposits going out that day will be approved by that time. However, you should submit an application earlier than that if able, as it will boost the likelihood that you get your money on the day that you apply.
One more consideration that you should know is even if the money lender grants your loan request and posts the deposit to your checking account, occasionally the bank won't release that credit immediately. 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.
Overall, it's best to prepare ahead of time to receive money on the following business day. That way, you're not out of luck if you cannot get it on the same day.
Think About Working With PaydayLoanRadar
If you possess less than great credit or no credit and are searching to secure a cash advance loan, think about applying with us, as you usually have a higher chance of approval.
We partner with more than one hundred different lenders who provide their services online. Much of the time you will receive your loan 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 increase the chances of seeing your loan on the same business day. When submitting an application 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 too.
To locate the nearest paycheck advance loan store, please use the list below and locate your city.
Payday Loan Direct Lender Companies in Citrus Heights, CA
Below you will find a list of payday loan companies offering their services in Citrus Heights, California. If you can't find a lender near your location in Citrus Heights, 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 Citrus Heights, 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.