Payday Loans in La Mirada, California
Life happens, and we often find ourselves in a situation where we must pay for some surprise bills. Think about applying for a paycheck advance loan in La Mirada, CA, to see if you are eligible.
The application process is fast and painless. To be eligible, borrowers must meet a couple of general requirements.
What is a Paycheck Advance Loan? What Can It Pay For?
A cash advance loan is where the borrower will be extended a petite sum of cash on a short-term agreement. This is considered an unsecured personal loan because no collateral is required.
When unforeseen costs arise, such as missed rent or utility expenditures, vehicle repairs, medical or vet fees, and so forth, individuals commonly rely upon payday loans.
Payday Loan Criteria In La Mirada, CA
In La Mirada, California, payday advance loan borrowers need to meet a few stipulations to qualify for a loan.
The borrower has to:
- Provide proof that they are a resident of La Mirada, California
- Must be 18 years of age
- Have an income that they can prove that's at least $1,000 per month
- Give active contact information like cell phone number and email address
- Give their social security number
If a borrower does not meet the above requirements, they will automatically be denied a payday loan. Ensure that you possess the documents needed when requesting a loan.
Laws and Regulations Concerning Paycheck Advance Loans in La Mirada, CA
California has ruled payday advance lending legal. However, they have enacted the below rules and laws for the cash advance lending market:
- An individual lender can't extend a loan greater than $600. Borrowers cannot possess greater than two unpaid loans from different lenders. There is no smallest loan amount.
- The minimum loan term is not determined, the maximum loan term length is 31 days. In California, borrowers are unable to rollover their loans.
- The fees and charges are different for each lender. The service costs enacted by the lender on a payday loan do not fall under interest. The service fees apply to every $100 borrowed and can range between 11-15%.
- An interest rate is required to be mutually agreed upon. APR can be as high as 369%.
Will Payday Lenders in La Mirada, CA, Perform Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we partner with will perform a credit check on you, but, even if you possess no credit or less than stellar credit, you may still be eligible for a loan given that you can show that you are able to pay back the loan. Lenders are commonly unconcerned about your credit if you offer proof of income and a plan to repay the loan.
Lenders will perform a soft credit inquiry, which will have no impact on your credit score. This is only to get an idea of your credit history and basic information.
A hard credit pull, alternatively, must have your permission. These credit pulls are used for various purposes, including mortgages, credit cards, and more.
You can still qualify for a payday advance loan with imperfect credit in La Mirada, CA, as long as you have proof of repayment.
Therefore, when you apply, albeit in person or online, make sure that you have your income information ready and any other documents verifying that you can repay the loan. The more proof you show, the more likely you are to be approved.
When Will I See My Cash in La Mirada, California?
When you see your funds really depends on your lender as some lenders advertise same-day payday loans, which means you will get your payday advance loan on the same day you request a loan, as long as you're approved.
Most of the time, however, lenders will send the borrower their lump sum on the following business day. Businesses often close for holidays and weekends. Because of this, if you submit your application on a Friday, you may not receive your funds until Monday.
If you're searching for a same-day cash advance loan in La Mirada, California, you will need to ensure you're applying by 10:30 am. All same-day payments going out that day will be approved by that cut-off. However, you should submit an application earlier than that if able, as it will boost the likelihood that you get your loan on the same day that you apply.
One additional factor that you should know is despite if the money lender grants your loan request and posts the credit to your bank, occasionally the bank won't release that deposit at that time. It's paramount that you let your bank know that you plan to receive a paycheck advance loan, so they could possibly make an exception in releasing the loan earlier.
On the whole, it's wise to prepare in advance to receive your funds on the following business day. That way, you're not surprised if you cannot get it on the same day.
Think About Borrowing From Us
If you possess bad credit or no credit and are wanting to secure a payday advance loan, think about applying with us, as you usually have a higher chance of approval.
We work with more than one hundred different lenders who offer their services online. Frequently you will get your loan on the next business day so ensure that you plan accordingly.
Although, you can always locate the nearest payday advance loan store to you and apply in person to strengthen the chances of getting your money 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. Now and again, lenders may ask for proof of address, so take along a utility bill to the store as well.
To find the nearest cash advance loan storefront, please use the list below and find your city.
Payday Loan Direct Lender Companies in La Mirada, CA
Below you will find a list of payday loan companies offering their services in La Mirada, California. If you can't find a lender near your location in La Mirada, 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 Mirada, 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.