Payday Loans in Clovis, California
Life happens, and we usually wind up in a place where we must cover some surprise expenses. Consider applying for a payday loan in Clovis, California, to see if you meet the requirements.
The loan application process is fast and painless. To be qualified, borrowers must satisfy a couple of basic requirements.
What is a Paycheck Advance Loan? What Can It Be Put Towards?
A cash advance loan is where the borrower will be extended a small sum of funds on a short-term basis. This is deemed to be an unsecured loan due to the fact that no collateral is required.
When surprise financial needs come up, like missed rent or utility bills, car fees, medical or vet costs, and so on, people frequently seek out payday loans.
Payday Loan Criteria In Clovis, CA
In Clovis, California, cash advance loan borrowers need to meet several criteria to be eligible for a loan.
The borrower has to:
- Provide proof that they reside in Clovis, California
- Must be 18 or older
- Receive a steady stream of income that they can provide proof of being at least $1,000/month
- Give up-to-date contact details such as phone number and email address
- Give their SSN
If a borrower does not meet the above criteria, they will immediately be denied a cash advance loan. Ensure that you can provide the documentation required when submitting your application.
Laws and Rules Regarding Cash Advance Loans in Clovis, CA
California has ruled paycheck advance lending legal. Still, they have enacted the following rules and laws for the cash advance lending industry:
- An individual money lender can't extend a loan in excess of $600. Borrowers are not allowed to take out greater than two unpaid loans from different lenders. There is no smallest loan amount.
- The minimum loan term is not determined, the maximum loan term length is 31 days. In the State of California, borrowers are not allowed to rollover their loans.
- The fees and charges change for each loan lender. The service costs enacted by lenders 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 must be mutually agreed upon. APR can be as much as 369%.
Will Payday Lenders in Clovis, California, Complete Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we partner with will perform a credit check on you, but, even if you have no credit or dismal credit, you may still be approved for a loan given that you can prove that you can pay back the loan. Lenders are commonly unconcerned about your credit if you possess proof of income and a strategy to repay the loan.
Lenders will perform a soft credit pull, which will not impact your credit score. This is only to get a look at your credit history and basic information.
A hard credit pull, alternatively, requires your permission. These credit inquiries are performed for a variety of purposes, including mortgages, credit card applications, and more.
You can still be approved for a cash advance loan with bad credit in Clovis, California, as long as you have proof of repayment.
So, when you apply for a loan, albeit in person or online, ensure that you have your income information at hand and any other documents showing that you can pay back the loan. The more evidence you provide, the better chance you are to be approved.
When Will I Get My Cash in Clovis, CA?
When you get your loan truly relies on the lender as some lenders provide same-day paycheck advance loans, which means you will see your paycheck advance loan on the same day you request a loan, as long as you're approved.
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 might not receive your cash until Monday.
If you're looking for a same-day paycheck advance loan in Clovis, California, you will need to ensure you're applying by 10:30 am. All same-day payments going out that day will be approved by that cut-off. However, you should request a loan earlier than that if able, as it will boost the likelihood that you see your money on the day that you apply.
One additional consideration that you should be aware of is despite if the money lender approves your application and posts the deposit to your bank account, occasionally the bank won't release that loan immediately. It's paramount that you let your bank know that you plan to receive a paycheck advance loan, so they might make an exception in releasing the loan earlier.
On the whole, it's best to prepare ahead of time to receive your loan on the next business day. That way, you're not left in the lurch if you cannot get it on the same day.
Consider Borrowing From PaydayLoanRadar
If you possess less than great credit or no credit and are searching to get a paycheck advance loan, consider applying with us, as you probably have a better 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 funds on the following business day so ensure that you plan appropriately.
However, you can always find the closest paycheck advance loan storefront to you and apply in person to increase the chances of seeing your funds on the same business day. When applying in person, ensure that you have your government ID or driver's license; a passport will work as well. Now and again, lenders may request proof of address, so take along a utility bill to the store too.
To locate the nearest paycheck advance loan store, please refer to the list below and find your city.
Payday Loan Direct Lender Companies in Clovis, CA
Below you will find a list of payday loan companies offering their services in Clovis, California. If you can't find a lender near your location in Clovis, 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 Clovis, 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.