Payday Loans in Upland, California
Life happens, and we often find ourselves in a place where we must cover some unforeseen costs. Think about submitting an application for a payday loan in Upland, CA, to see if you qualify.
The loan request process is swift and straightforward. To be qualified, you have to meet a few straightforward requirements.
What is a Cash Advance Loan? What Can It Be Used For?
A payday loan is where the borrower will be extended a petite amount of money on a short-term contract. This is deemed to be an unsecured loan due to the fact that no collateral is needed.
When unexpected bills present themselves, such as late rent or utility costs, car repairs, medical or vet payments, and so forth, people commonly seek out payday loans.
Payday Advance Loan Requirements In Upland, CA
In Upland, CA, paycheck advance loan borrowers need to satisfy several requirements to qualify for a loan.
The borrower has to:
- Show proof that they are a resident of Upland, CA
- Must be 18 years of age
- Receive a steady income that they can provide proof of being at least $1,000/month
- Give active contact information like phone number and email address
- Provide their social security number
If a borrower does not satisfy the above criteria, they will automatically be denied a cash advance loan. Ensure that you have the documentation needed when applying.
Laws and Rules Concerning Cash Advance Loans in Upland, CA
The State of California has deemed payday lending legal. Still, they have put forth the below rules and regulations for the cash advance lending market:
- A single money lender cannot offer a loan in excess of $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 set, the maximum loan term length is 31 days. In California, borrowers are unable to rollover their loans.
- The fees and charges are different for each money lender. The service costs enacted by lenders on a cash advance 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 agreed upon. APR can be as high as 369%.
Will Payday Lenders in Upland, CA, Perform Credit Checks? What If I Have Bad/No Credit History At All?
Yes, the lenders we work with will run a credit check on you, still, even if you have no credit or bad credit, you might still be eligible for a loan provided you can prove that you can repay the loan. Lenders are generally unconcerned about your credit if you provide proof of income and a strategy to repay the loan.
Lenders will perform a soft credit check, which will not impact your credit score. This is simply to get an idea of your credit history and general information.
A hard credit pull, on the other hand, requires your permission. These credit checks are utilized for a variety of purposes, including mortgages, credit cards, and more.
You might still be approved for a cash advance loan with poor credit in Upland, CA, as long as you can prove you will repay the loan.
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 showing that you can repay the loan. The more proof you show, the better chance your loan request will be granted.
When Will I See My Money in Upland, CA?
When you receive your cash truly depends on the lender as some lenders provide same-day payday advance loans, which means you will get your payday loan on the same day you apply, as long as you're approved.
Most of the time, though, lenders will send the borrower their lump sum on the next business day. Businesses generally close for holidays and weekends. Because of this, if you apply on a Friday, you might not receive your deposit until Monday.
If you're wanting a same-day payday loan in Upland, California, you will need to make sure you're applying by 10:30 am. All same-day funds going out that day will be approved by that time. However, you should submit an application earlier than that if possible, as it will increase the likelihood that you get your funds on the same day that you submit your application.
One more factor that you should know is despite if the money lender grants your loan request and posts the deposit to your bank, sometimes the bank won't release that credit at that time. It's vital that you let your bank know that you plan to receive a payday advance loan, so they might make an exception in releasing the loan earlier.
On the whole, it's wise to prepare ahead of time to get your loan on the following business day. That way, you're not out of luck if you cannot get it on the same day.
Consider Borrowing From Us
If you have less than great credit or no credit and are wanting to get a paycheck advance loan, think about applying with us, as you usually have a higher chance of approval.
We work with hundreds of different lenders who offer their services online. Most of the time you will receive your money on the following business day so make sure that you plan appropriately.
Although, you can always find the nearest payday loan storefront to you and apply in person to strengthen the chances of receiving your cash on the same day. When submitting an application in person, make sure that you have your government ID or driver's license; a passport will work as well. Occasionally, lenders may require proof of address, so bring a utility bill to the store as well.
To find the nearest cash advance loan storefront, please refer to the list below and search for your city.
Payday Loan Direct Lender Companies in Upland, CA
Below you will find a list of payday loan companies offering their services in Upland, California. If you can't find a lender near your location in Upland, 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 Upland, 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.