Payday Loans in Santa Clarita, California
Incidents happen, and we usually end up in a spot where we must cover some unforeseen bills. Consider applying for a payday loan in Santa Clarita, California, to see if you are eligible.
The application process is swift and effortless. To be eligible, loan borrowers have to meet a few simple conditions.
What is a Paycheck Advance Loan? What Can It Be Put Towards?
A paycheck advance loan is where the borrower will get a small sum of funds on a short-term contract. This is considered an unsecured personal loan due to the fact that no collateral is required.
When unforeseen costs present themselves, like late rent or utility expenditures, car fees, medical or vet fees, and so on, people often seek out payday advance loans.
Cash Advance Loan Criteria In Santa Clarita, CA
In Santa Clarita, California, cash advance loan borrowers must satisfy a few stipulations to qualify for a loan.
The borrower must:
- Show proof that they are a resident of Santa Clarita, California
- Must be at least 18
- Receive an income that they can provide proof of being at least $1,000/month
- Provide active contact information such as cell phone number and email address
- Give their social security number
If a borrower does not abide by the above requirements, they will automatically be denied a payday advance loan. Make sure you can provide the documents needed when requesting a loan.
Laws and Rules Concerning Paycheck Advance Loans in Santa Clarita, California
California has deemed payday lending legal. However, they have enacted the following rules and laws for the payday advance lending industry:
- An individual lender cannot extend a loan in excess of $600. Borrowers are not allowed to have more than two active loans from different lenders. There is no smallest loan amount.
- The minimum loan term is not set, the longest loan term length is 31 days. In California, borrowers may not rollover their loans.
- The fees and charges vary for each lender. The service fees enacted by the lender on a cash advance loan are not considered interest. The service fees apply to each $100 loaned and can range between 11-15%.
- An interest rate is required to be mutually decided upon. APR can be as much as 369%.
Will Payday Lenders in Santa Clarita, CA, Perform Credit Checks? What If I Have Poor/No Credit History At All?
Yes, the lenders we work with will perform a credit check on you, but, even if you have no credit or dismal credit, you might still be eligible for a loan given that you can show that you can repay the loan. Lenders are typically unbothered by your credit if you offer proof of income and a plan to repay the loan.
Lenders will perform a soft credit check, which will have no impact on your credit score. This is simply to get an idea of your credit history and general information.
A hard credit check, alternatively, must have your explicit consent. These credit checks are performed for various purposes, such as mortgages, credit card applications, and more.
You can still be approved for a payday loan with poor credit in Santa Clarita, California, if you have proof of repayment.
Therefore, when you apply for a loan, whether it is in person or online, make sure that you have your income information available and any other documents verifying that you can pay back the loan. The more proof you provide, the better chance your loan request will be granted.
When Will I Receive My Deposit in Santa Clarita, California?
When you get your deposit actually depends on your lender as some lenders offer same-day cash advance loans, which means you will receive your payday advance loan on the same day you request a loan, as long as you receive an approval.
Much of the time, however, lenders will send the borrower their lump sum on the next 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 needing a same-day payday advance loan in Santa Clarita, California, you will need to be sure that you're applying by 10:30 am. All same-day deposits going out that day will be approved by that deadline. However, you should submit an application earlier than that if able, as it will boost the likelihood that you get your loan on the day that you submit your application.
One additional consideration that you should understand is even if the lender approves your application and posts the funds 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 could possibly make an exception in releasing the cash earlier.
On the whole, it's best to prepare in advance to receive your loan on the next business day. That way, you're not left in the lurch if you cannot get it on the same day.
Consider Borrowing From PaydayLoanRadar
If you possess underwhelming credit or no credit and are needing to secure a payday advance loan, consider applying with us, as you probably have a better chance of approval.
We partner with over one hundred different lenders who provide their services online. Most of the time you will see your funds on the following business day so ensure that you plan accordingly.
However, you can always find the closest cash advance loan store to you and apply in person to strengthen the chances of getting your money on the same day. When requesting a loan in person, ensure that you have your government ID or driver's license; a passport will work as well. Infrequently, lenders may ask for proof of address, so bring a utility bill to the store as well.
To find the nearest payday advance loan storefront, please navigate to the list below and find your city.
Payday Loan Direct Lender Companies in Santa Clarita, CA
Below you will find a list of payday loan companies offering their services in Santa Clarita, California. If you can't find a lender near your location in Santa Clarita, 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 Santa Clarita, 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.