Payday Loans in Glendale, California
Incidents happen, and we usually wind up in a place where we must cover some unforeseen costs. Consider applying for a paycheck advance loan in Glendale, CA, to see if you are eligible.
The loan process is quick and straightforward. To qualify, borrowers must meet a few general conditions.
What is a Paycheck Advance Loan? What Can It Pay For?
A cash advance loan is where the borrower will be extended a petite amount of funds on a short-term agreement. This is considered an unsecured loan because no collateral is expected.
When surprise expenses present themselves, like missed rent or utility expenditures, auto bills, health or vet expenditures, and so on, individuals frequently rely upon payday advance loans.
Cash Advance Loan Requirements In Glendale, CA
In Glendale, California, payday loan borrowers are required to meet a few criteria to be eligible for a loan.
The borrower is required to:
- Prove that they are a resident of Glendale, CA
- Must be 18 or older
- Receive a steady income that they can provide proof of being at least $1,000 per month
- Give current contact information including cell phone number and email address
- Provide their SSN
If a borrower does not satisfy the above requirements, they will automatically be denied a payday advance loan. Ensure that you have the documentation needed when applying for a loan.
Laws and Rules Concerning Payday Loans in Glendale, California
The State of California has deemed paycheck advance lending legal. Still, they have set the below rules and regulations for the cash advance lending market:
- A single lender cannot extend a loan for more than $600. Borrowers are not allowed to take out more than two unpaid loans from different lenders. There is no minimum loan amount.
- The minimum loan term is not set, the longest loan term length is 31 days. In the State of California, borrowers may not rollover their loans.
- The fees and charges are different for each lender. The service fees charged by lenders on each loan or transaction 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 agreed upon. APR can range up to 369%.
Will Payday Advance Lenders in Glendale, California, Perform Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we partner with will do a credit check on you, but, even if you have no credit or bad credit, you may still be eligible for a loan given that you can show that you are able to repay the loan. Lenders are generally unconcerned about your credit history if you possess proof of income and a strategy to repay the loan.
Lenders will conduct a soft credit inquiry, which will not impact your credit score. This is only 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 utilized for a variety of purposes, including mortgages, credit cards, and more.
You may still be approved for a paycheck advance loan with imperfect credit in Glendale, CA, as long as you have proof of repayment.
Therefore, when you apply for a loan, albeit in person or online, ensure that you have your income information available and any other documents proving that you can repay the loan. The more proof you have, the better chance your loan request will be granted.
When Will I Receive My Deposit in Glendale, California?
When you receive your money actually relies on your lender as some lenders provide same-day payday advance loans, which means you will get your cash advance loan on the same day you apply, as long as you receive an approval.
Most of the time, though, lenders will give the borrower their lump sum on the following business day. Businesses typically close for holidays and weekends. Because of this, if you submit your application on a Friday, you may not see your loan until Monday.
If you're wanting a same-day payday advance loan in Glendale, California, you will need to be sure that you're applying by 10:30 am. All same-day deposits going out that day will be approved by that deadline. However, you should apply earlier than that if possible, as it will increase the likelihood that you get your cash on the day that you submit your application.
One more factor that you should know is despite if the money lender approves your application and posts the credit to your bank, sometimes the bank won't release that credit immediately. It's vital 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.
Overall, it's best to prepare in advance to receive money on the next business day. That way, you're not out of luck if you cannot get it on the same day.
Think About Working With Us
If you have poor credit or no credit and are looking to get a payday loan, think about applying with us, as you most likely have a higher chance of approval.
We work with hundreds of different lenders who offer their services online. Much of the time you will receive your loan on the next business day so make sure that you plan appropriately.
However, you can always locate the closest cash advance loan storefront to you and apply in person to strengthen the chances of seeing your cash on the same business day. When submitting an application in person, ensure 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 as well.
To locate the nearest paycheck advance loan store, please use the list below and find your city.
Payday Loan Direct Lender Companies in Glendale, CA
Below you will find a list of payday loan companies offering their services in Glendale, California. If you can't find a lender near your location in Glendale, 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 Glendale, 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.