Payday Loans in Ridgecrest, California
Things happen, and we often end up in a situation where we have to pay for some unexpected costs. Consider submitting an application for a payday advance loan in Ridgecrest, California, to see if you qualify.
The loan process is swift and simple. To be eligible, borrowers have to meet a couple of basic criteria.
What is a Cash Advance Loan? What Can It Be Used For?
A payday loan is where the borrower will be extended a petite sum of money on a short-term basis. This is considered an unsecured loan because no collateral is required.
When surprise expenses arise, for example past due rent or utility fees, auto costs, medical or vet costs, and so forth, individuals frequently turn to paycheck advance loans.
Payday Advance Loan Stipulations In Ridgecrest, CA
In Ridgecrest, CA, payday advance loan borrowers need to meet several stipulations to qualify for a loan.
The borrower is required to:
- Provide proof that they are a resident of Ridgecrest, CA
- Must be 18 or older
- Have a steady stream of income that they can provide proof of being at least $1,000/month
- Give up-to-date contact details including phone number and email address
- Give their social security number
If a borrower does not abide by the above criteria, they will automatically be denied a paycheck advance loan. Ensure that you have the documents required when submitting your application.
Laws and Rules Concerning Payday Loans in Ridgecrest, California
The State of California has deemed cash advance lending legal. However, they have set the below rules and laws for the paycheck advance lending industry:
- A single money lender cannot extend a loan greater than $600. Borrowers cannot take out more than two outstanding loans from different lenders. There is no minimum 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 money lender. The service fees enacted by the lender on each loan or transaction do not fall under interest. The service fees apply to each $100 loaned and can vary from 11% up to 15%.
- An interest rate is required to be mutually settled upon. APR can range up to 369%.
Will Paycheck Advance Lenders in Ridgecrest, CA, Complete Credit Checks? What If I Have Poor/No Credit History At All?
Yes, the lenders we partner with will run a credit check on you, but, even if you possess no credit or less than optimal credit, you may still be approved for a loan as long as you can show that you can repay the loan. Lenders are typically unbothered by your credit history if you provide proof of income and a plan to pay back the loan.
Lenders will rely on a soft credit check, 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, requires your permission. These credit pulls are done for various purposes, such as mortgages, credit card applications, and more.
You might still be approved for a payday advance loan with less than great credit in Ridgecrest, California, provided that you have proof of repayment.
So, when you apply, whether it is in person or online, double check that you have your income information available and any other documents showing that you can repay the loan. The more evidence you possess, the more likely your loan request will be granted.
When Will I Get My Loan in Ridgecrest, CA?
When you receive your deposit actually depends on your lender as some lenders advertise same-day cash advance loans, which means you will see your payday advance loan on the same day you apply, as long as you get an approval.
Most of the time, however, lenders will send the borrower their lump sum on the next business day. Businesses often close for holidays and weekends. So, if you submit your application on a Friday, you might not get your cash until Monday.
If you're looking for a same-day payday advance loan in Ridgecrest, CA, you will need to be sure that you're applying by 10:30 am. All same-day loans going out that day will be approved by that cut-off. However, you should apply earlier than that if possible, as it will boost the likelihood that you get your funds on the same day that you submit your application.
One additional consideration that you should be aware of is even if the money lender grants your loan request and posts the credit to your bank account, occasionally the bank won't release that loan at that time. It's paramount that you let your bank know that you plan to get a payday loan, so they might make an exception in releasing the cash earlier.
Overall, it's wise to prepare ahead of time to receive your loan on the next business day. That way, you're not surprised if you cannot receive it on the same day.
Consider Borrowing From PaydayLoanRadar
If you possess underwhelming credit or no credit and are searching to get a payday loan, consider applying with us, as you most likely have a better chance of approval.
We partner with hundreds of different lenders who offer their services online. Frequently you will get your money on the following business day so ensure that you plan correctly.
Although, you can always find the closest cash advance loan storefront to you and apply in person to increase the chances of getting your loan on the same day. When applying in person, make sure that you have your government ID or driver's license; a passport is sufficient. Infrequently, lenders may require proof of address, so bring a utility bill to the store too.
To locate the nearest payday loan store, please navigate to the list below and find your city.
Payday Loan Direct Lender Companies in Ridgecrest, CA
Below you will find a list of payday loan companies offering their services in Ridgecrest, California. If you can't find a lender near your location in Ridgecrest, 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 Ridgecrest, 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.