Payday Loans in Fontana, California
Events happen, and we usually end up in a situation where we must pay for some surprise bills. Think about submitting an application for a cash advance loan in Fontana, CA, to see if you meet the requirements.
The loan application process is fast and painless. To be qualified, loan borrowers must meet a few simple criteria.
What is a Payday Advance Loan? What Can It Pay For?
A paycheck advance loan is where the borrower will receive a small amount of funds on a short-term contract. This is thought of as an unsecured loan due to the fact that no collateral is expected.
When surprise financial needs present themselves, such as past due rent or utility fees, car bills, medical or vet bills, and so forth, people commonly turn to cash advance loans.
Paycheck Advance Loan Stipulations In Fontana, California
In Fontana, California, payday loan borrowers need to satisfy several requirements to be eligible for a loan.
The borrower must:
- Show proof that they reside in Fontana, CA
- Must be 18 years old
- Have a steady stream of income that they can prove that's at least $1,000 per month
- Provide active contact details such as cell phone number and email address
- Provide their SSN
If a borrower does not satisfy the above rules, they will immediately be denied a payday loan. Ensure that you can provide the documentation required when applying for a loan.
Laws and Rules Regarding Cash Advance Loans in Fontana, CA
The State of California has deemed payday lending legal. However, they have set the following rules and regulations for the cash advance lending industry:
- An individual lender cannot offer a loan for more than $600. Borrowers are not allowed to take out greater than two unpaid 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 not allowed to rollover their loans.
- The fees and charges vary for each loan lender. The service costs charged by lenders on a cash advance loan do not fall under 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 range up to 369%.
Will Cash Advance Lenders in Fontana, CA, Perform Credit Checks? What If I Have Bad/No Credit History At All?
Yes, the lenders we work with will complete a credit check on you, but, even if you possess no credit or bad credit, you might still be approved for a loan given that you can show that you can repay the loan. Lenders are usually unbothered by your credit if you offer proof of income and a strategy to repay the loan.
Lenders will conduct a soft credit pull, which will have no impact on your credit score. This is only to get a feel of your credit history and basic information.
A hard credit inquiry, dissimilarly, must have your explicit consent. These credit pulls are performed for a plethora of purposes, including mortgages, credit cards, and more.
You might still be approved for a cash advance loan with less than great credit in Fontana, California, if you can prove you will repay the loan.
Therefore, when you request a loan, whether it is in person or online, make sure that you have your income information available and any other documents verifying that you can repay the loan. The more proof you show, the more likely your loan request will be granted.
When Will I Receive My Money in Fontana, CA?
When you receive your loan really depends on your lender as some lenders offer same-day payday loans, which means you will receive your payday advance loan on the same day you request a loan, as long as you're approved.
Much of the time, though, lenders will give the borrower their lump sum on the next business day. Businesses usually close for holidays and weekends. Because of this, if you apply on a Friday, you might not see your money until Monday.
If you're looking for a same-day cash advance loan in Fontana, CA, you will need to be sure that 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 possible, as it will boost the likelihood that you receive your cash on the day that you apply.
One additional factor that you should understand is even if the money lender approves your application and posts the loan to your bank account, occasionally the bank won't release that credit at that time. It's paramount that you let your bank know that you plan to receive a cash advance loan, so they might make an exception in releasing the deposit earlier.
On the whole, it's wise to prepare ahead of time to get cash 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 poor credit or no credit and are needing to secure a paycheck advance loan, think about applying with us, as you usually have a higher chance of approval.
We work with hundreds of different lenders who provide their services online. Much of the time you will get your loan on the following business day so ensure that you plan correctly.
However, you can always locate the nearest payday loan storefront to you and apply in person to boost the chances of getting your cash on the same business day. When requesting a loan in person, make sure that you have your government ID or driver's license; a passport is sufficient. 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 storefront, please refer to the list below and search for your city.
Payday Loan Direct Lender Companies in Fontana, CA
Below you will find a list of payday loan companies offering their services in Fontana, California. If you can't find a lender near your location in Fontana, 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 Fontana, 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.