Payday Loans in La Habra, California
Life happens, and we usually end up in a spot where we must cover some unexpected expenses. Consider applying for a payday loan in La Habra, California, to see if you meet the requirements.
The loan application process is swift and effortless. To be qualified, borrowers have to meet a few basic requirements.
What is a Payday Advance Loan? What Can It Pay For?
A paycheck advance loan is where the borrower will receive a small sum of funds on a short-term contract. This is considered an unsecured personal loan as no collateral is expected.
When unforeseen bills come up, for example past due rent or utility expenditures, vehicle bills, medical or vet costs, and so forth, individuals often turn to cash advance loans.
Cash Advance Loan Stipulations In La Habra, California
In La Habra, CA, cash advance loan borrowers must satisfy several requirements to be eligible for a loan.
The borrower must:
- Prove that they reside in La Habra, California
- Must be 18 years of age
- Have a steady stream of income that they can provide proof of being at least $1,000/month
- Provide up-to-date contact information such as phone number and email address
- Give their SSN
If a borrower does not abide by the above rules, they will immediately be denied a payday loan. Make sure you have the documentation needed when submitting your application.
Laws and Rules Concerning Paycheck Advance Loans in La Habra, CA
The State of California has deemed cash advance lending legal. However, they have enacted the below rules and laws for the paycheck advance lending market:
- An individual money lender cannot extend a loan for more than $600. Borrowers cannot possess more than two active 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 unable to rollover their loans.
- The fees and charges vary for each money lender. The service costs enacted by lenders on a cash advance loan do not fall under interest. The service fees apply to every $100 loaned and can range between 11-15%.
- An interest rate must be mutually agreed upon. APR can be as much as 369%.
Will Payday Lenders in La Habra, California, Run Credit Checks? What If I Have Bad/No Credit History At All?
Yes, the lenders we partner with will do 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 are able to pay back the loan. Lenders are commonly unbothered by your credit history if you provide proof of income and a plan to repay the loan.
Lenders will use a soft credit inquiry, which will have no impact on your credit score. This is only to get a look at your credit history and general information.
A hard credit check, dissimilarly, requires your explicit consent. These credit inquiries are done for a plethora of purposes, such as mortgages, credit cards, and more.
You may still be approved for a payday advance loan with imperfect credit in La Habra, CA, as long as you have proof of repayment.
Therefore, when you apply, whether it is in person or online, make sure that you have your income information at hand and any other documents proving 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 Loan in La Habra, California?
When you receive your loan truly relies on the lender as some lenders provide same-day payday loans, which means you will receive your paycheck advance loan on the same day you apply, as long as you get an approval.
Most of the time, however, lenders will send the borrower their lump sum on the next business day. Businesses usually close for holidays and weekends. Therefore, if you apply on a Friday, you might not see your money until Monday.
If you're needing a same-day payday loan in La Habra, CA, you will need to make sure you're applying by 10:30 am. Any and all same-day loans going out that day will be approved by that cut-off. However, you should apply earlier than that if possible, as it will boost the likelihood that you get your loan on the same day that you submit your application.
One more factor that you should understand is despite if the money lender grants your loan request and posts the funds to your checking 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 might make an exception in releasing the funds earlier.
On the whole, it's wise to prepare ahead of time to get money on the next business day. That way, you're not surprised if you cannot get it on the same day.
Think About Working With PaydayLoanRadar
If you possess bad credit or no credit and are wanting to get a payday loan, consider applying with us, as you frequently have a higher chance of approval.
We partner with more than one hundred different lenders who offer their services online. Most of the time you will see your loan on the next business day so make sure that you plan appropriately.
Although, you can always find the closest cash advance loan storefront to you and apply in person to increase the chances of getting your cash on the same business day. When applying in person, make sure that you have your government ID or driver's license; a passport is sufficient. Occasionally, lenders may require proof of address, so take along a utility bill to the store as well.
To find the nearest cash advance loan storefront, please refer to the list below and search for your city.
Payday Loan Direct Lender Companies in La Habra, CA
Below you will find a list of payday loan companies offering their services in La Habra, California. If you can't find a lender near your location in La Habra, 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 La Habra, 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.