Payday Loans in Fresno, California
Incidents happen, and we often find ourselves in a spot where we must cover some unexpected bills. Consider applying for a payday loan in Fresno, California, to see if you qualify.
The loan request process is swift and simple. To be qualified, loan borrowers must satisfy a couple of basic criteria.
What is a Cash Advance Loan? What Can It Be Put Towards?
A payday advance loan is where the borrower will receive a small sum of cash on a short-term agreement. This is deemed to be an unsecured loan due to the fact that no collateral is required.
When unexpected bills present themselves, for example late rent or utility fees, car fixes, medical or vet costs, and so on, individuals usually rely upon cash advance loans.
Payday Loan Requirements In Fresno, CA
In Fresno, CA, cash advance loan borrowers must satisfy a few requirements to qualify for a loan.
The borrower has to:
- Provide proof that they reside in Fresno, CA
- Must be 18 years old
- Have a steady income that they can prove that's at least $1,000 per month
- Give up-to-date contact details including cell phone number and email address
- Give their SSN
If a borrower does not satisfy the above rules, they will automatically be denied a paycheck advance loan. Ensure that you possess the documents needed when submitting your application.
Laws and Rules Concerning Payday Advance Loans in Fresno, California
California has deemed cash advance lending legal. However, they have created the below rules and regulations for the payday lending market:
- An individual money lender can't offer a loan for more than $600. Borrowers are not allowed to have more than two unpaid 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 are not allowed to rollover their loans.
- The fees and charges vary for each money lender. The service fees enacted by the lender on a payday loan do not fall under interest. The service fees apply to every $100 borrowed and can range between 11-15%.
- An interest rate must be mutually settled upon. APR can range up to 369%.
Will Cash Advance Lenders in Fresno, California, Run 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 have no credit or poor credit, you might still be eligible for a loan given that you can show that you can pay back the loan. Lenders are generally unconcerned about your credit if you offer proof of income and a plan to pay back the loan.
Lenders will perform 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 general information.
A hard credit pull, on the other hand, needs your permission. These credit pulls are performed for a variety of purposes, such as mortgages, credit cards, and more.
You might still be approved for a cash advance loan with less than great credit in Fresno, California, if you have proof of repayment.
Therefore, when you apply, whether it is in person or online, ensure that you have your income information available and any other documents showing that you can pay back the loan. The more evidence you provide, the better chance your loan request will be granted.
When Will I Get My Money in Fresno, CA?
When you see your cash truly depends on your lender as some lenders provide same-day paycheck advance loans, which means you will see your cash advance loan on the same day you submit your application, as long as you get an approval.
Most of the time, however, lenders will send the borrower their lump sum on the following business day. Businesses generally close for holidays and weekends. Therefore, if you apply on a Friday, you might not receive your funds until Monday.
If you're searching for a same-day payday loan in Fresno, California, 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 deadline. However, you should submit an application earlier than that if able, as it will increase the likelihood that you receive your money on the same day that you submit your application.
One more consideration that you should understand is despite if the lender grants your loan request and posts the funds to your bank account, occasionally the bank won't release that credit right away. It's important to let your bank know that you plan to get a payday loan, so they could possibly make an exception in releasing the deposit earlier.
Overall, it's best to prepare ahead of time to get your funds on the next business day. That way, you're not out of luck if you cannot receive it on the same day.
Consider Borrowing From PaydayLoanRadar
If you have poor credit or no credit and are needing to secure a payday loan, think about applying through us, as you probably have a higher chance of approval.
We partner with hundreds of different lenders who provide their services online. Most of the time you will get your cash on the next business day so make sure that you plan appropriately.
However, you can always locate the closest payday advance loan store to you and apply in person to strengthen the chances of receiving your cash on the same 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 ask for proof of address, so bring a utility bill to the store too.
To find the nearest paycheck advance loan storefront, please use the list below and locate your city.
Payday Loan Direct Lender Companies in Fresno, CA
Below you will find a list of payday loan companies offering their services in Fresno, California. If you can't find a lender near your location in Fresno, 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 Fresno, 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.