Payday Loans in Reedley, California
Things happen, and we often wind up in a situation where we have to pay for some unforeseen bills. Think about applying for a cash advance loan in Reedley, California, to see if you meet the requirements.
The loan request process is fast and simple. To be eligible, you must satisfy a few simple requirements.
What is a Cash Advance Loan? What Can It Pay For?
A payday advance loan is where the borrower will be extended a petite sum of cash on a short-term agreement. This is thought of as an unsecured personal loan due to the fact that no collateral is required.
When unexpected costs present themselves, such as past due rent or utility expenditures, auto bills, health or vet payments, and so forth, people usually turn to payday loans.
Payday Loan Requirements In Reedley, CA
In Reedley, California, cash advance loan borrowers are required to meet several criteria to be eligible for a loan.
The borrower must:
- Prove that they live in Reedley, California
- Must be 18 years of age
- Receive a steady stream of income that they can prove that's at least $1,000 per month
- Give current contact information such as phone number and email address
- Provide their SSN
If a borrower does not abide by the above requirements, they will automatically be denied a paycheck advance loan. Make sure you can provide the documents needed when applying.
Laws and Rules Regarding Paycheck Advance Loans in Reedley, California
The State of California has deemed payday lending legal. Still, they have put forth the following rules and laws for the payday advance lending market:
- An individual lender cannot extend a loan in excess of $600. Borrowers are not allowed to have greater 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 not allowed to rollover their loans.
- The fees and charges change for each money lender. The service costs enacted by lenders on a cash advance loan are not considered interest. The service fees apply to each $100 borrowed and can range between 11-15%.
- An interest rate is required to be mutually settled upon. APR can be as much as 369%.
Will Cash Advance Lenders in Reedley, California, 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 less than optimal credit, you might still be eligible for a loan provided you can show that you are able to pay back the loan. Lenders are commonly unconcerned about your credit history if you offer proof of income and a plan to repay the loan.
Lenders will conduct a soft credit check, which will not impact your credit score. This is simply to get a feel of your credit history and general information.
A hard credit check, on the other hand, must have your explicit consent. These credit inquiries are performed for a plethora of purposes, such as mortgages, credit card applications, and more.
You may still be approved for a cash advance loan with poor credit in Reedley, California, if you can prove you will repay the loan.
So, when you request a loan, albeit in person or online, make sure that you have your income information easily accessible and any other documents verifying that you can pay back the loan. The more evidence you show, the more likely your loan application will be approved.
When Will I See My Cash in Reedley, California?
When you receive your deposit truly depends on your lender as some lenders provide same-day payday loans, which means you will see your paycheck advance loan on the same day you apply, as long as you get an approval.
Most of the time, though, lenders will give the borrower their lump sum on the following business day. Businesses generally close for holidays and weekends. Therefore, if you apply on a Friday, you may not see your cash until Monday.
If you're looking for a same-day payday loan in Reedley, California, you will need to make sure you're applying by 10:30 am. All same-day funds going out that day will be approved by that cut-off. However, you should submit an application earlier than that if possible, as it will boost the likelihood that you see your deposit on the day that you submit your application.
One other consideration that you should understand is even if the money lender grants your loan request and posts the funds to your bank, occasionally 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 could possibly make an exception in releasing the cash earlier.
Overall, it's wise to prepare in advance to get your deposit on the following business day. That way, you're not surprised if you cannot get it on the same day.
Consider Working With PaydayLoanRadar
If you have less than great credit or no credit and are needing to get a cash advance loan, think about applying through us, as you usually have a better chance of approval.
We partner with over one hundred different lenders who provide their services online. Often you will get your money on the next business day so make sure that you plan correctly.
However, you can always find the closest cash advance loan store to you and apply in person to boost 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 is sufficient. Occasionally, lenders may ask for proof of address, so bring a utility bill to the store as well.
To locate the nearest cash advance loan store, please use the list below and locate your city.
Payday Loan Direct Lender Companies in Reedley, CA
Below you will find a list of payday loan companies offering their services in Reedley, California. If you can't find a lender near your location in Reedley, 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 Reedley, 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.