Payday Loans in Long Beach, California
Events happen, and we often find ourselves in a spot where we must pay for some unexpected expenses. Consider submitting an application for a cash advance loan in Long Beach, California, to see if you qualify.
The loan process is swift and painless. To qualify, borrowers must meet a few general requirements.
What is a Payday Loan? What Can It Pay For?
A payday loan is where the borrower will be extended a petite sum of cash on a short-term agreement. This is deemed to be an unsecured personal loan due to the fact that no collateral is expected.
When surprise costs arise, like missed rent or utility bills, vehicle fixes, health or vet payments, and so on, individuals frequently turn to payday advance loans.
Payday Advance Loan Stipulations In Long Beach, CA
In Long Beach, CA, payday loan borrowers are required to satisfy a few stipulations to qualify for a loan.
The borrower is required to:
- Provide proof that they are a resident of Long Beach, California
- Must be at least 18
- Have a steady income that they can prove that's at least $1,000 per month
- Give up-to-date contact details like phone number and email address
- Provide their social security number
If a borrower does not satisfy the above requirements, they will immediately be denied a payday loan. Make sure you can provide the documents required when applying for a loan.
Laws and Regulations Concerning Cash Advance Loans in Long Beach, California
California has ruled payday advance lending legal. Still, they have put forth the below rules and laws for the payday advance lending market:
- A single money lender can't extend a loan for more than $600. Borrowers are not allowed to possess greater than two unpaid loans from different lenders. There is no smallest loan amount.
- The minimum loan term is not set, the longest loan term length is 31 days. In California, borrowers are unable to rollover their loans.
- The fees and charges change for each money lender. The service fees charged by lenders on a cash advance loan are not considered interest. The service fees apply to each $100 borrowed and can range from 11% up to 15%.
- An interest rate must be mutually agreed upon. APR can be as much as 369%.
Will Payday Advance Lenders in Long Beach, California, Complete Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we work with will perform a credit check on you, still, even if you have no credit or less than optimal credit, you may still be eligible for a loan as long as you can show that you can repay the loan. Lenders are typically unconcerned about your credit history if you provide proof of income and a plan to pay back the loan.
Lenders will conduct a soft credit pull, 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 pulls are done for a variety of purposes, including mortgages, credit cards, and more.
You may still be approved for a paycheck advance loan with poor credit in Long Beach, California, if you have proof of repayment.
Therefore, when you request a loan, whether it is in person or online, make sure that you have your income information at hand and any other documents verifying that you can repay the loan. The more proof you have, the more likely you are to be approved.
When Will I Receive My Cash in Long Beach, California?
When you receive your cash actually relies on the lender as some lenders offer same-day payday loans, which means you will see your payday loan on the same day you request a loan, as long as you get an approval.
Much of the time, however, lenders will give the borrower their lump sum on the following business day. Businesses often close for holidays and weekends. Therefore, if you submit your application on a Friday, you may not receive your deposit until Monday.
If you're needing a same-day cash advance loan in Long Beach, CA, you will need to be sure that 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 request a loan earlier than that if possible, as it will increase the likelihood that you get your loan on the day that you apply.
One additional consideration that you should be aware of is even if the lender grants your loan request and posts the credit to your bank, occasionally the bank won't release that funds at that time. It's important to let your bank know that you plan to get a cash advance loan, so they could possibly make an exception in releasing the money earlier.
Overall, it's best to prepare ahead of time to get your loan on the following business day. That way, you're not surprised if you cannot get it on the same day.
Think About Borrowing From PaydayLoanRadar
If you have underwhelming credit or no credit and are searching to secure a cash advance loan, consider applying through us, as you most likely have a higher chance of approval.
We partner with more than one hundred different lenders who offer their services online. Frequently you will see your cash on the next business day so make sure that you plan accordingly.
Although, you can always locate the nearest paycheck advance loan store to you and apply in person to increase the chances of receiving 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. Sometimes, lenders may ask for proof of address, so take along a utility bill to the store too.
To locate the nearest payday advance loan store, please navigate to the list below and find your city.
Payday Loan Direct Lender Companies in Long Beach, CA
Below you will find a list of payday loan companies offering their services in Long Beach, California. If you can't find a lender near your location in Long Beach, 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 Long Beach, 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.