Payday Loans in Temple City, California
Things happen, and we usually end up in a spot where we must cover some surprise bills. Think about submitting an application for a paycheck advance loan in Temple City, CA, to see if you qualify.
The loan request process is quick and painless. To qualify, borrowers have to meet a couple of straightforward requirements.
What is a Cash Advance Loan? What Can It Cover?
A cash advance loan is where the borrower will get a small sum of money on a short-term agreement. This is considered an unsecured loan because no collateral is needed.
When unforeseen costs present themselves, like late rent or utility costs, car costs, medical or vet payments, and so on, individuals frequently rely upon payday loans.
Cash Advance Loan Requirements In Temple City, CA
In Temple City, CA, paycheck advance loan borrowers must satisfy several stipulations to qualify for a loan.
The borrower must:
- Provide proof that they live in Temple City, CA
- Must be 18 years old
- Receive an income that they can provide proof of being at least $1,000 per month
- Provide up-to-date contact details including cell phone number and email address
- Provide their SSN
If a borrower does not abide by the above rules, they will immediately be denied a paycheck advance loan. Ensure that you have the documentation required when applying for a loan.
Laws and Regulations Regarding Payday Advance Loans in Temple City, CA
The State of California has deemed paycheck advance lending legal. Still, they have set the below rules and laws for the cash advance lending market:
- A single money lender cannot offer a loan for more than $600. Borrowers cannot have more than two outstanding 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 the State of California, borrowers are unable to rollover their loans.
- The fees and charges vary for each money lender. The service costs enacted by lenders on a payday loan do not fall under interest. The service fees apply to each $100 borrowed and can vary between 11-15%.
- An interest rate is required to be mutually decided upon. APR can range up to 369%.
Will Payday Lenders in Temple City, California, Perform Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we work with will do a credit check on you, still, even if you have no credit or less than optimal credit, you may still be approved for a loan provided you can show that you are able to repay the loan. Lenders are commonly unconcerned about your credit history if you have proof of income and a plan to pay back the loan.
Lenders will perform a soft credit pull, which will have no impact on your credit score. This is simply to get a feel of your credit history and basic information.
A hard credit pull, dissimilarly, requires your explicit consent. These credit inquiries are performed for various purposes, including mortgages, credit card applications, and more.
You may still qualify for a paycheck advance loan with less than great credit in Temple City, CA, provided that you can prove you will repay the loan.
So, when you apply for a loan, whether it is in person or online, double check that you have your income information ready and any other documents showing that you can pay back the loan. The more evidence you show, the more likely your loan request will be granted.
When Will I Receive My Cash in Temple City, CA?
When you get your deposit actually depends on your lender as some lenders provide same-day paycheck advance loans, which means you will see your payday advance loan on the same day you submit your application, as long as you get an approval.
Most of the time, though, lenders will send the borrower their lump sum on the following business day. Businesses typically close for holidays and weekends. Because of this, if you apply on a Friday, you might not get your loan until Monday.
If you're looking for a same-day cash advance loan in Temple City, California, 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 time. However, you should request a loan earlier than that if able, as it will increase the likelihood that you get your funds on the day that you apply.
One other factor that you should understand is despite if the money lender grants your loan request and posts the deposit to your bank account, occasionally the bank won't release that loan at that time. It's vital that you let your bank know that you plan to get a payday loan, so they might make an exception in releasing the loan earlier.
On the whole, it's wise to prepare in advance to get money on the following business day. That way, you're not out of luck if you cannot receive it on the same day.
Consider Working With Us
If you have less than great credit or no credit and are searching to secure a payday loan, consider applying with us, as you frequently have a better chance of approval.
We partner with more than one hundred different lenders who provide their services online. Frequently you will see your funds on the next business day so ensure that you plan correctly.
However, you can always find the nearest paycheck advance loan store to you and apply in person to strengthen the chances of getting your loan 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 will work as well. Infrequently, lenders may ask for proof of address, so take along a utility bill to the store as well.
To find the nearest paycheck advance loan storefront, please navigate to the list below and search for your city.
Payday Loan Direct Lender Companies in Temple City, CA
Below you will find a list of payday loan companies offering their services in Temple City, California. If you can't find a lender near your location in Temple City, 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 Temple City, 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.