Payday Loans in Union City, California
Events happen, and we often find ourselves in a place where we have to pay for some unexpected bills. Think about applying for a paycheck advance loan in Union City, CA, to see if you meet the requirements.
The application process is quick and painless. To qualify, loan borrowers must meet a few simple requirements.
What is a Cash Advance Loan? What Can It Be Used For?
A payday advance loan is where the borrower will be extended a small amount of funds on a short-term basis. This is deemed to be an unsecured loan because no collateral is expected.
When surprise costs come up, for example missed rent or utility expenditures, car fees, health or vet fees, and so forth, individuals frequently turn to paycheck advance loans.
Payday Advance Loan Stipulations In Union City, CA
In Union City, CA, payday loan borrowers are required to meet several requirements to be eligible for a loan.
The borrower is required to:
- Provide proof that they are a resident of Union City, CA
- Must be 18 or older
- Have an income that they can prove that's 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 requirements, they will automatically be denied a payday loan. Ensure that you can provide the documentation needed when submitting your application.
Laws and Regulations Regarding Paycheck Advance Loans in Union City, CA
California has deemed payday advance lending legal. Although, they have created the following rules and regulations for the payday advance lending industry:
- A single lender cannot extend a loan for more than $600. Borrowers may not possess more than two outstanding loans from different lenders. There is no smallest loan amount.
- The minimum loan term is not determined, the maximum loan term length is 31 days. In the State of California, borrowers are unable to rollover their loans.
- The fees and charges are different for each lender. The service fees enacted by lenders on a loan are not considered interest. The service fees apply to each $100 borrowed and can vary between 11-15%.
- An interest rate is required to be mutually settled upon. APR can be as much as 369%.
Will Payday Advance Lenders in Union City, CA, Run Credit Checks? What If I Have Bad/No Credit History At All?
Yes, the lenders we have a relationship with will do a credit check on you, but, even if you possess no credit or less than stellar credit, you may still be approved for a loan as long as you can show that you can repay the loan. Lenders are generally unbothered by your credit history if you possess proof of income and a strategy to repay the loan.
Lenders will perform a soft credit inquiry, which will have no impact on your credit score. This is solely to get an idea of your credit history and general information.
A hard credit pull, dissimilarly, requires your permission. These credit pulls are utilized for a plethora of purposes, such as mortgages, credit cards, and more.
You can still be approved for a payday advance loan with bad credit in Union City, California, if you have proof of repayment.
Therefore, when you apply for a loan, whether it is in person or online, ensure that you have your income information at hand and any other documents showing that you can pay back the loan. The more evidence you possess, the more likely your loan application will be approved.
When Will I See My Deposit in Union City, California?
When you get your funds actually depends on your lender as some lenders offer same-day payday advance loans, which means you will see your paycheck advance loan on the same day you submit your application, as long as you're approved.
Much of the time, though, lenders will give the borrower their lump sum on the following business day. Businesses usually close for holidays and weekends. So, if you apply on a Friday, you may not receive your cash until Monday.
If you're needing a same-day paycheck advance loan in Union City, California, you will need to be sure that 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 apply earlier than that if possible, as it will boost the likelihood that you get your loan on the same day that you apply.
One more factor that you should be aware of is even if the lender grants your loan request and posts the deposit to your bank account, occasionally the bank won't release that funds right away. It's vital that you let your bank know that you plan to get a payday advance loan, so they might make an exception in releasing the money earlier.
Overall, it's best to prepare in advance to receive money on the following business day. That way, you're not left in the lurch if you cannot get it on the same day.
Think About Working With Us
If you have less than great credit or no credit and are wanting to get a payday advance loan, consider applying through us, as you probably have a higher chance of approval.
We work with over one hundred different lenders who offer their services online. Most of the time you will get your funds on the following business day so ensure that you plan appropriately.
Although, you can always locate the closest paycheck advance loan storefront to you and apply in person to increase the chances of seeing your cash on the same business day. When submitting an application in person, ensure that you have your government ID or driver's license; a passport is sufficient. Infrequently, lenders may request proof of address, so take along a utility bill to the store too.
To locate the nearest payday loan storefront, please refer to the list below and find your city.
Payday Loan Direct Lender Companies in Union City, CA
Below you will find a list of payday loan companies offering their services in Union City, California. If you can't find a lender near your location in Union 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 Union 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.