Payday Loans in Inglewood, California
Events happen, and we often wind up in a situation where we have to pay for some unforeseen bills. Consider submitting an application for a payday advance loan in Inglewood, California, to see if you qualify.
The loan process is swift and effortless. To be qualified, borrowers must meet a couple of simple requirements.
What is a Payday Advance Loan? What Can It Pay For?
A paycheck advance loan is where the borrower will receive a petite amount of cash on a short-term contract. This is thought of as an unsecured personal loan as no collateral is expected.
When unforeseen costs present themselves, such as missed rent or utility payments, vehicle fixes, medical or vet expenditures, and so on, individuals usually turn to payday advance loans.
Payday Advance Loan Requirements In Inglewood, California
In Inglewood, CA, payday advance loan borrowers are required to meet a few criteria to be eligible for a loan.
The borrower has to:
- Provide proof that they are a resident of Inglewood, CA
- Must be 18 years old
- Have a steady stream of income that they can prove that's at least $1,000 per month
- Give up-to-date contact information like cell phone number and email address
- Provide their SSN
If a borrower does not satisfy the above criteria, they will automatically be denied a payday loan. Make sure you can provide the documents required when submitting your application.
Laws and Regulations Concerning Cash Advance Loans in Inglewood, California
California has ruled payday advance lending legal. However, they have put forth the below rules and laws for the cash advance lending market:
- An individual money lender can't offer a loan greater than $600. Borrowers may not take out more than two outstanding 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 change for each money lender. The service costs enacted by the lender on a cash advance loan do not fall under interest. The service fees apply to every $100 borrowed and can vary between 11-15%.
- An interest rate must be mutually agreed upon. APR can be as much as 369%.
Will Paycheck Advance Lenders in Inglewood, CA, Run Credit Checks? What If I Have Bad/No Credit History At All?
Yes, the lenders we partner with will complete a credit check on you, but, even if you possess no credit or poor credit, you may still be approved for a loan provided you can prove that you can pay back the loan. Lenders are commonly unconcerned about your credit history if you provide proof of income and a strategy to pay back the loan.
Lenders will perform 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 pull, alternatively, requires your permission. These credit pulls are done for various purposes, such as mortgages, credit card applications, and more.
You can still qualify for a paycheck advance loan with less than great credit in Inglewood, California, if you have proof of repayment.
Therefore, 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 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 Receive My Loan in Inglewood, CA?
When you see your cash actually depends on the lender as some lenders offer same-day payday advance loans, which means you will receive your paycheck advance loan on the same day you request a loan, as long as you get an approval.
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. So, if you apply on a Friday, you may not get your loan until Monday.
If you're looking for a same-day payday advance loan in Inglewood, California, you will need to make sure you're applying by 10:30 am. Any and all same-day payments going out that day will be approved by that time. However, you should submit an application earlier than that if able, as it will increase the likelihood that you see your funds on the same day that you apply.
One other factor that you should understand is even if the money lender approves your application and posts the loan to your checking account, sometimes the bank won't release that deposit immediately. It's vital that you let your bank know that you plan to get a payday loan, so they might make an exception in releasing the deposit earlier.
On the whole, it's best to prepare ahead of time to receive money on the following business day. That way, you're not left in the lurch if you cannot get it on the same day.
Think About Working With Us
If you possess bad credit or no credit and are needing to get a payday advance loan, think about applying with us, as you probably have a higher chance of approval.
We partner with hundreds of different lenders who offer their services online. Most of the time you will get your cash on the following business day so ensure that you plan correctly.
Although, you can always find the closest payday loan store to you and apply in person to increase the chances of getting your loan on the same business day. When applying in person, ensure that you have your government ID or driver's license; a passport will work as well. Sometimes, lenders may request proof of address, so take along a utility bill to the store as well.
To find the nearest payday loan store, please refer to the list below and locate your city.
Payday Loan Direct Lender Companies in Inglewood, CA
Below you will find a list of payday loan companies offering their services in Inglewood, California. If you can't find a lender near your location in Inglewood, 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 Inglewood, 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.