Payday Loans in Garden Grove, California
Events happen, and we often wind up in a situation where we have to cover some surprise bills. Think about submitting an application for a payday advance loan in Garden Grove, California, to see if you are eligible.
The loan process is fast and straightforward. To qualify, you must satisfy a few simple criteria.
What is a Payday Loan? What Can It Cover?
A payday advance loan is where the borrower will receive a petite amount of money on a short-term basis. This is considered an unsecured personal loan because no collateral is expected.
When unforeseen financial needs present themselves, like missed rent or utility costs, auto fixes, medical or vet fees, and so on, people usually turn to paycheck advance loans.
Cash Advance Loan Stipulations In Garden Grove, California
In Garden Grove, California, payday advance loan borrowers must meet a few requirements to qualify for a loan.
The borrower must:
- Provide proof that they live in Garden Grove, CA
- Must be 18 or older
- Have an income that they can provide proof of being at least $1,000/month
- Give current contact information such as phone number and email address
- Give their social security number
If a borrower does not abide by the above requirements, they will automatically be denied a cash advance loan. Ensure that you have the documents required when applying for a loan.
Laws and Rules Regarding Payday Advance Loans in Garden Grove, California
The State of California has ruled paycheck advance lending legal. Still, they have created the below rules and regulations for the cash advance lending market:
- A single money lender can't extend a loan greater than $600. Borrowers may not have greater than two outstanding loans from different lenders. There is no minimum loan amount.
- There is no minimum loan term, the maximum loan term length is 31 days. In California, borrowers are not allowed to rollover their loans.
- The fees and charges change for each money lender. The service fees enacted by lenders on a payday loan do not fall under interest. The service fees apply to each $100 borrowed and can range from 11% up to 15%.
- An interest rate is required to be mutually decided upon. APR can be as much as 369%.
Will Payday Lenders in Garden Grove, CA, Run Credit Checks? What If I Have Poor/No Credit History At All?
Yes, the lenders we partner with will run a credit check on you, still, even if you have no credit or less than stellar credit, you might still be eligible for a loan as long as you can show that you can repay the loan. Lenders are typically unconcerned about your credit history if you offer proof of income and a strategy to pay back the loan.
Lenders will use a soft credit check, which will have no impact on your credit score. This is simply to get a look at your credit history and general information.
A hard credit inquiry, alternatively, must have your explicit consent. These credit pulls are performed for a plethora of purposes, including mortgages, credit cards, and more.
You may still qualify for a cash advance loan with imperfect credit in Garden Grove, California, if you can prove you will repay the loan.
So, when you request a loan, whether it is 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 possess, the more likely your loan application will be approved.
When Will I See My Funds in Garden Grove, CA?
When you receive your loan actually relies on the lender as some lenders offer same-day paycheck advance loans, which means you will receive your cash advance loan on the same day you request a loan, as long as you receive an approval.
Most of the time, however, lenders will send the borrower their lump sum on the following business day. Businesses typically close for holidays and weekends. Therefore, if you apply on a Friday, you might not get your cash until Monday.
If you're wanting a same-day payday loan in Garden Grove, CA, you will need to be sure that you're applying by 10:30 am. All same-day funds going out that day will be approved by that deadline. However, you should submit an application earlier than that if possible, as it will boost the likelihood that you get your deposit on the day that you submit your application.
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, sometimes the bank won't release that credit right away. It's important to let your bank know that you plan to receive a payday loan, so they might make an exception in releasing the money earlier.
On the whole, it's wise to prepare in advance to receive money on the next business day. That way, you're not left in the lurch if you cannot receive it on the same day.
Think About Borrowing From PaydayLoanRadar
If you have bad credit or no credit and are needing to get a cash advance loan, think about applying with us, as you frequently have a better chance of approval.
We work with over one hundred different lenders who provide their services online. Much of the time you will see your loan on the following business day so make sure that you plan correctly.
However, you can always locate the nearest cash advance loan store to you and apply in person to increase the chances of getting your cash on the same day. When submitting an application 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 bring a utility bill to the store as well.
To find the nearest paycheck advance loan storefront, please navigate to the list below and find your city.
Payday Loan Direct Lender Companies in Garden Grove, CA
Below you will find a list of payday loan companies offering their services in Garden Grove, California. If you can't find a lender near your location in Garden Grove, 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 Garden Grove, 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.