Payday Loans in Porterville, California
Things happen, and we often wind up in a place where we have to pay for some surprise bills. Think about submitting an application for a cash advance loan in Porterville, CA, to see if you qualify.
The loan process is fast and painless. To qualify, you must satisfy a couple of general criteria.
What is a Cash Advance Loan? What Can It Be Put Towards?
A cash advance loan is where the borrower will get a petite amount of cash on a short-term basis. This is deemed to be an unsecured loan because no collateral is required.
When surprise costs arise, such as missed rent or utility bills, car repairs, health or vet bills, and so on, people usually rely upon paycheck advance loans.
Payday Advance Loan Criteria In Porterville, CA
In Porterville, California, payday loan borrowers need to meet a few stipulations to qualify for a loan.
The borrower has to:
- Provide proof that they live in Porterville, CA
- Must be at least 18
- Receive a steady income that they can prove that's at least $1,000 per month
- Give active contact details like cell phone number and email address
- Provide their social security number
If a borrower does not meet the above criteria, they will automatically be denied a cash advance loan. Ensure that you possess the documents required when applying for a loan.
Laws and Regulations Regarding Payday Loans in Porterville, California
California has ruled payday lending legal. Still, they have set the following rules and regulations for the payday lending industry:
- A single lender can't offer a loan in excess of $600. Borrowers may not take out greater than two unpaid loans from different lenders. There is no minimum loan amount.
- The minimum loan term is not set, the maximum loan term length is 31 days. In California, borrowers are not allowed to rollover their loans.
- The fees and charges are different for each lender. The service fees charged by the lender on a loan are not considered interest. The service fees apply to each $100 borrowed and can vary from 11% up to 15%.
- An interest rate is required to be mutually decided upon. APR can be as high as 369%.
Will Cash Advance Lenders in Porterville, CA, Complete Credit Checks? What If I Have Poor/No Credit History At All?
Yes, the lenders we have a relationship with will run 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 generally unconcerned about your credit if you possess proof of income and a strategy to pay back the loan.
Lenders will perform a soft credit pull, which will not impact your credit score. This is solely to get a feel of your credit history and basic information.
A hard credit inquiry, alternatively, must have your permission. These credit pulls are performed for a variety of purposes, including mortgages, credit card applications, and more.
You can still qualify for a paycheck advance loan with bad credit in Porterville, California, provided that you can prove you will repay the loan.
So, when you request a loan, albeit in person or online, ensure that you have your income information available 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 Funds in Porterville, CA?
When you get your deposit really depends on your lender as some lenders offer same-day payday advance loans, which means you will see your payday loan on the same day you request a loan, as long as you receive an approval.
Much 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 receive your cash until Monday.
If you're searching for a same-day payday advance loan in Porterville, California, you will need to be sure that you're applying by 10:30 am. All same-day payments going out that day will be approved by that deadline. However, you should request a loan earlier than that if able, as it will increase the likelihood that you receive your cash on the day that you apply.
One other consideration that you should be aware of is even if the lender approves your application and posts the loan to your bank, occasionally the bank won't release that funds immediately. It's vital that you 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 in advance to receive your deposit on the following business day. That way, you're not out of luck if you cannot receive it on the same day.
Consider Borrowing From Us
If you have underwhelming credit or no credit and are looking to secure a payday advance loan, think about applying through us, as you probably have a better chance of approval.
We work with hundreds of different lenders who provide their services online. Often you will receive your money on the following business day so ensure that you plan correctly.
However, you can always locate the nearest payday advance loan store to you and apply in person to strengthen the chances of receiving your money on the same day. When submitting an application in person, ensure 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 bring a utility bill to the store too.
To locate the nearest payday loan store, please use the list below and locate your city.
Payday Loan Direct Lender Companies in Porterville, CA
Below you will find a list of payday loan companies offering their services in Porterville, California. If you can't find a lender near your location in Porterville, 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 Porterville, 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.