Payday Loans in Perris, California
Life happens, and we usually find ourselves in a place where we must pay for some unexpected bills. Consider applying for a paycheck advance loan in Perris, CA, to see if you are eligible.
The loan application process is fast and straightforward. To qualify, loan borrowers have to meet a few straightforward criteria.
What is a Cash Advance Loan? What Can It Pay For?
A cash advance loan is where the borrower will be extended a small amount of cash on a short-term agreement. This is deemed to be an unsecured personal loan as no collateral is needed.
When surprise bills come up, such as missed rent or utility payments, vehicle fixes, medical or vet payments, and so on, people frequently turn to payday loans.
Cash Advance Loan Stipulations In Perris, California
In Perris, California, paycheck advance loan borrowers need to satisfy a few requirements to qualify for a loan.
The borrower has to:
- Show proof that they live in Perris, California
- Must be 18 years of age
- Have an income that they can prove that's at least $1,000 per month
- Provide active contact details including phone number and email address
- Give their SSN
If a borrower does not satisfy the above rules, they will automatically be denied a paycheck advance loan. Ensure that you can provide the documentation required when requesting a loan.
Laws and Regulations Regarding Payday Loans in Perris, California
The State of California has deemed payday lending legal. Still, they have enacted the following rules and regulations for the payday advance lending industry:
- An individual lender can't offer a loan greater than $600. Borrowers cannot take out more than two unpaid loans from different lenders. There is no smallest loan amount.
- The minimum loan term is not determined, the longest loan term length is 31 days. In the State of California, borrowers may not rollover their loans.
- The fees and charges vary for each loan lender. The service costs enacted by lenders on each loan or transaction do not fall under interest. The service fees apply to each $100 borrowed and can range between 11-15%.
- An interest rate is required to be mutually agreed upon. APR can range up to 369%.
Will Payday Advance Lenders in Perris, CA, Perform Credit Checks? What If I Have Bad/No Credit History At All?
Yes, the lenders we work with will perform a credit check on you, still, even if you possess no credit or less than stellar credit, you might still be approved for a loan as long as you can show that you are able to pay back the loan. Lenders are usually unconcerned about your credit history if you possess proof of income and a strategy to repay the loan.
Lenders will use a soft credit pull, which will not impact your credit score. This is simply to get a feel of your credit history and general information.
A hard credit pull, alternatively, needs your explicit consent. These credit pulls are utilized for a variety of purposes, such as mortgages, credit cards, and more.
You may still qualify for a cash advance loan with poor credit in Perris, California, provided that you have proof of repayment.
Therefore, when you request a loan, albeit in person or online, make sure that you have your income information at hand and any other documents showing that you can pay back the loan. The more proof you show, the more likely your loan application will be approved.
When Will I See My Deposit in Perris, CA?
When you get your money really depends on your lender as some lenders provide same-day payday loans, which means you will receive your cash advance loan on the same day you submit your application, as long as you're approved.
Most of the time, though, lenders will give the borrower their lump sum on the following business day. Businesses typically close for holidays and weekends. So, if you submit your application on a Friday, you may not see your loan until Monday.
If you're wanting a same-day paycheck advance loan in Perris, California, you will need to ensure you're applying by 10:30 am. Any and all same-day loans going out that day will be approved by that time. However, you should apply earlier than that if possible, as it will boost the likelihood that you see your money on the day that you submit your application.
One more factor that you should be aware of is even if the lender grants your loan request and posts the deposit to your checking account, sometimes the bank won't release that credit at that time. It's paramount that you let your bank know that you plan to get a paycheck advance loan, so they might make an exception in releasing the loan earlier.
Overall, it's wise to prepare ahead of time to get cash 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 Borrowing From Us
If you have poor credit or no credit and are needing to get a cash advance loan, think about applying through us, as you usually have a higher chance of approval.
We partner with over one hundred different lenders who provide their services online. Frequently you will get your loan on the following business day so make sure that you plan accordingly.
However, you can always find the closest payday advance loan store to you and apply in person to strengthen the chances of getting your loan on the same day. When submitting an application in person, ensure that you have your government ID or driver's license; a passport is sufficient. Occasionally, lenders may ask for proof of address, so bring a utility bill to the store too.
To locate the nearest payday advance loan storefront, please use the list below and find your city.
Payday Loan Direct Lender Companies in Perris, CA
Below you will find a list of payday loan companies offering their services in Perris, California. If you can't find a lender near your location in Perris, 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 Perris, 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.