Payday Loans in San Diego, California
Life happens, and we often end up in a spot where we have to cover some unexpected costs. Consider submitting an application for a cash advance loan in San Diego, California, to see if you are eligible.
The loan request process is swift and painless. To be qualified, borrowers must meet a few simple requirements.
What is a Payday Advance Loan? What Can It Cover?
A paycheck advance loan is where the borrower will get a small sum of cash on a short-term basis. This is deemed to be an unsecured loan because no collateral is required.
When unforeseen bills arise, such as missed rent or utility costs, auto bills, health or vet expenditures, and so on, people frequently turn to paycheck advance loans.
Payday Loan Criteria In San Diego, CA
In San Diego, California, paycheck advance loan borrowers need to meet several stipulations to qualify for a loan.
The borrower must:
- Show proof that they live in San Diego, California
- Must be 18 years of age
- Receive a steady income that they can provide proof of being at least $1,000 per month
- Give up-to-date contact information including cell phone number and email address
- Provide their SSN
If a borrower does not abide by the above criteria, they will automatically be denied a payday advance loan. Ensure that you can provide the documentation needed when applying.
Laws and Rules Concerning Cash Advance Loans in San Diego, CA
California has deemed paycheck advance lending legal. Still, they have enacted the following rules and laws for the cash advance lending industry:
- An individual money lender can't extend a loan for more than $600. Borrowers cannot possess more than two outstanding loans from different lenders. There is no minimum loan amount.
- There is no minimum loan term, the maximum loan term length is 31 days. In the State of California, borrowers are not allowed to rollover their loans.
- The fees and charges vary for each money lender. The service costs enacted by the lender on each loan or transaction do not fall under interest. The service fees apply to each $100 loaned and can range from 11% up to 15%.
- An interest rate must be mutually decided upon. APR can be as much as 369%.
Will Payday Lenders in San Diego, CA, Run Credit Checks? What If I Have Bad/No Credit History At All?
Yes, the lenders we work with will complete a credit check on you, but, even if you possess no credit or less than stellar credit, you might still be approved for a loan provided you can show that you are able to pay back the loan. Lenders are usually unbothered by your credit history if you offer proof of income and a plan to pay back the loan.
Lenders will use a soft credit check, which will have no impact on your credit score. This is only to get a look at your credit history and basic information.
A hard credit inquiry, dissimilarly, must have your explicit consent. These credit checks are utilized for a variety of purposes, including mortgages, credit card applications, and more.
You might still be approved for a cash advance loan with poor credit in San Diego, California, provided that you have proof of repayment.
Therefore, when you apply, albeit in person or online, double check that you have your income information ready and any other documents proving 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 San Diego, California?
When you see your money actually depends on the lender as some lenders offer same-day paycheck advance loans, which means you will get your paycheck advance loan on the same day you apply, as long as you receive an approval.
Much of the time, though, lenders will send the borrower their lump sum on the next business day. Businesses usually close for holidays and weekends. So, if you submit your application on a Friday, you might not see your deposit until Monday.
If you're needing a same-day cash advance loan in San Diego, CA, you will need to make sure you're applying by 10:30 am. Any and all same-day loans going out that day will be approved by that deadline. However, you should submit an application earlier than that if able, as it will increase the likelihood that you get your funds on the same day that you submit your application.
One additional factor that you should know is despite if the money lender approves your application and posts the funds to your checking account, sometimes the bank won't release that funds right away. It's paramount that you let your bank know that you plan to receive a paycheck advance loan, so they might make an exception in releasing the loan earlier.
On the whole, it's best to prepare in advance to get your loan on the following business day. That way, you're not surprised if you cannot receive it on the same day.
Think About Working With Us
If you have bad credit or no credit and are needing to secure a payday loan, consider applying through us, as you probably have a better chance of approval.
We work with hundreds of different lenders who provide their services online. Much of the time you will see your money on the next business day so make sure that you plan appropriately.
Although, you can always locate the closest payday loan storefront to you and apply in person to boost 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. Now and again, lenders may ask for proof of address, so bring a utility bill to the store too.
To locate the nearest paycheck advance loan storefront, please navigate to the list below and find your city.
Payday Loan Direct Lender Companies in San Diego, CA
Below you will find a list of payday loan companies offering their services in San Diego, California. If you can't find a lender near your location in San Diego, 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 San Diego, 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.