Payday Loans in Highland, California
Events happen, and we often wind up in a place where we have to cover some unexpected expenses. Consider applying for a cash advance loan in Highland, CA, to see if you are eligible.
The application process is fast and straightforward. To be qualified, you must satisfy a few basic criteria.
What is a Payday Loan? What Can It Cover?
A cash advance loan is where the borrower will get a small sum of money on a short-term basis. This is thought of as an unsecured personal loan due to the fact that no collateral is required.
When unexpected costs come up, for example missed rent or utility costs, auto costs, medical or vet expenditures, and so on, individuals usually seek out paycheck advance loans.
Paycheck Advance Loan Requirements In Highland, CA
In Highland, California, cash advance loan borrowers are required to meet several requirements to be eligible for a loan.
The borrower must:
- Provide proof that they live in Highland, CA
- Must be at least 18
- Receive a steady stream of income that they can prove that's at least $1,000/month
- Give current contact information such as cell phone number and email address
- Provide their SSN
If a borrower does not satisfy the above criteria, they will immediately be denied a payday advance loan. Ensure that you possess the documentation required when submitting your application.
Laws and Rules Regarding Cash Advance Loans in Highland, CA
The State of California has deemed cash advance lending legal. Still, they have put forth the following rules and regulations for the cash advance lending market:
- A single money lender cannot offer a loan greater than $600. Borrowers cannot take out more than two unpaid loans from different lenders. There is no minimum loan amount.
- The minimum loan term is not set, the maximum loan term length is 31 days. In California, borrowers may not rollover their loans.
- The fees and charges change for each loan lender. The service fees enacted by lenders on each loan or transaction do not fall under interest. The service fees apply to each $100 borrowed and can vary from 11% up to 15%.
- An interest rate is required to be mutually settled upon. APR can range up to 369%.
Will Cash Advance Lenders in Highland, California, Run Credit Checks? What If I Have Bad/No Credit History At All?
Yes, the lenders we partner with will perform a credit check on you, but, even if you have no credit or less than optimal credit, you may still be approved 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 have proof of income and a strategy to repay the loan.
Lenders will rely on a soft credit check, which will not impact your credit score. This is solely to get a look at your credit history and basic information.
A hard credit inquiry, alternatively, must have your explicit consent. These credit checks are used for a plethora of purposes, including mortgages, credit cards, and more.
You can still qualify for a payday advance loan with bad credit in Highland, CA, provided that you can prove you will repay the loan.
So, when you apply for a loan, albeit in person or online, make sure that you have your income information easily accessible and any other documents verifying that you can pay back the loan. The more proof you possess, the better chance your loan application will be approved.
When Will I Receive My Cash in Highland, California?
When you get your cash actually depends on your lender as some lenders offer same-day payday loans, which means you will receive your payday loan on the same day you request a loan, as long as you receive an approval.
Most of the time, though, lenders will send the borrower their lump sum on the following business day. Businesses usually close for holidays and weekends. So, if you apply on a Friday, you may not get your funds until Monday.
If you're looking for a same-day payday advance loan in Highland, 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 deadline. However, you should request a loan earlier than that if possible, as it will boost the likelihood that you receive your funds on the same day that you apply.
One more consideration 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 deposit at that time. It's important to let your bank know that you plan to receive a payday advance loan, so they could possibly make an exception in releasing the loan earlier.
Overall, it's best to prepare in advance to receive your funds 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 Working With Us
If you have underwhelming credit or no credit and are looking to get a payday loan, consider applying through us, as you most likely have a better chance of approval.
We partner with over one hundred 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.
Although, you can always find the closest payday loan storefront to you and apply in person to increase the chances of getting your funds 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 will work as well. Infrequently, lenders may require proof of address, so take along a utility bill to the store as well.
To locate the nearest cash advance loan storefront, please use the list below and locate your city.
Payday Loan Direct Lender Companies in Highland, CA
Below you will find a list of payday loan companies offering their services in Highland, California. If you can't find a lender near your location in Highland, 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 Highland, 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.