Payday Loans in Coalinga, California
Events happen, and we usually find ourselves in a place where we have to pay for some unexpected costs. Think about applying for a payday advance loan in Coalinga, California, to see if you qualify.
The loan application process is swift and effortless. To be eligible, borrowers must satisfy a couple of basic requirements.
What is a Cash Advance Loan? What Can It Be Used For?
A paycheck advance loan is where the borrower will be extended a small sum of cash on a short-term basis. This is considered an unsecured personal loan due to the fact that no collateral is needed.
When surprise financial needs come up, such as past due rent or utility payments, auto fees, medical or vet fees, and so on, people often turn to cash advance loans.
Paycheck Advance Loan Criteria In Coalinga, California
In Coalinga, CA, payday loan borrowers need to satisfy several criteria to qualify for a loan.
The borrower must:
- Prove that they reside in Coalinga, California
- Must be at least 18
- Receive a steady income that they can prove that's at least $1,000 per month
- Provide active contact information including phone number and email address
- Give their social security number
If a borrower does not abide by the above criteria, they will immediately be denied a cash advance loan. Make sure you possess the documentation needed when applying for a loan.
Laws and Rules Regarding Paycheck Advance Loans in Coalinga, California
California has ruled payday advance lending legal. However, they have created the following rules and laws for the payday advance lending market:
- An individual lender cannot offer a loan for more than $600. Borrowers are not allowed to possess 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 the State of California, borrowers are unable to rollover their loans.
- The fees and charges change for each lender. The service costs charged by lenders on a payday loan do not fall under interest. The service fees apply to every $100 loaned and can vary between 11-15%.
- An interest rate must be mutually decided upon. APR can range up to 369%.
Will Payday Advance Lenders in Coalinga, California, Perform Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we work with will run a credit check on you, but, even if you have no credit or less than optimal credit, you might still be eligible for a loan given that you can show that you can pay back the loan. Lenders are typically unconcerned about your credit if you have proof of income and a strategy to repay the loan.
Lenders will perform a soft credit check, which will not impact your credit score. This is simply to get a look at your credit history and general information.
A hard credit pull, dissimilarly, must have your explicit consent. These credit pulls are performed for a plethora of purposes, including mortgages, credit card applications, and more.
You may still be approved for a payday advance loan with poor credit in Coalinga, CA, provided that you can prove you will repay the loan.
Therefore, when you request a loan, albeit in person or online, double check that you have your income information easily accessible and any other documents showing that you can pay back the loan. The more proof you provide, the better chance you are to be approved.
When Will I Get My Money in Coalinga, California?
When you see your deposit truly relies on your lender as some lenders offer same-day cash advance loans, which means you will see your payday 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 following business day. Businesses usually close for holidays and weekends. Therefore, if you submit your application on a Friday, you might not see your cash until Monday.
If you're needing a same-day payday loan in Coalinga, California, you will need to make sure you're applying by 10:30 am. All same-day loans going out that day will be approved by that deadline. However, you should apply earlier than that if able, as it will increase the likelihood that you see your money on the day that you submit your application.
One other factor that you should know is even if the money lender grants your loan request and posts the loan to your bank account, sometimes the bank won't release that credit at that time. It's paramount that you let your bank know that you plan to get a payday loan, so they could possibly make an exception in releasing the cash earlier.
On the whole, it's wise to prepare ahead of time to receive your deposit on the following business day. That way, you're not surprised if you cannot get it on the same day.
Think About Borrowing From PaydayLoanRadar
If you possess less than great credit or no credit and are searching to secure a cash advance loan, consider applying through us, as you usually have a better chance of approval.
We partner with over one hundred different lenders who offer their services online. Often you will see your cash on the next business day so make sure that you plan appropriately.
However, you can always find the closest payday loan storefront to you and apply in person to increase the chances of getting your money on the same 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 require proof of address, so take along a utility bill to the store too.
To locate the nearest cash advance loan storefront, please use the list below and find your city.
Payday Loan Direct Lender Companies in Coalinga, CA
Below you will find a list of payday loan companies offering their services in Coalinga, California. If you can't find a lender near your location in Coalinga, 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 Coalinga, 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.