Payday Loans in Visalia, California
Events happen, and we often end up in a spot where we have to cover some unexpected expenses. Think about submitting an application for a payday advance loan in Visalia, California, to see if you qualify.
The loan application process is quick and simple. To qualify, borrowers have to satisfy a few simple criteria.
What is a Cash Advance Loan? What Can It Pay For?
A payday advance loan is where the borrower will be extended a petite sum of cash on a short-term agreement. This is thought of as an unsecured loan due to the fact that no collateral is expected.
When unexpected costs come up, for example missed rent or utility expenditures, vehicle bills, medical or vet costs, and so forth, individuals frequently turn to paycheck advance loans.
Paycheck Advance Loan Criteria In Visalia, CA
In Visalia, CA, paycheck advance loan borrowers are required to meet several requirements to be eligible for a loan.
The borrower is required to:
- Show proof that they are a resident of Visalia, CA
- Must be 18 years old
- Have a steady income that they can prove that's at least $1,000/month
- Give up-to-date contact details like cell phone number and email address
- Provide their SSN
If a borrower does not satisfy the above criteria, they will automatically be denied a payday loan. Ensure that you have the documents required when requesting a loan.
Laws and Rules Regarding Payday Advance Loans in Visalia, California
The State of California has ruled payday lending legal. Although, they have set the below rules and laws for the payday advance lending industry:
- An individual lender cannot offer a loan for more than $600. Borrowers cannot have more than two outstanding loans from different lenders. There is no minimum loan amount.
- The minimum loan term is not determined, the longest loan term length is 31 days. In the State of California, borrowers cannot rollover their loans.
- The fees and charges change for each money lender. The service fees enacted by the lender on a cash advance loan are not considered interest. The service fees apply to every $100 loaned and can range between 11-15%.
- An interest rate must be mutually decided upon. APR can range up to 369%.
Will Payday Lenders in Visalia, CA, Complete Credit Checks? What If I Have Poor/No Credit History At All?
Yes, the lenders we partner with will perform a credit check on you, but, even if you have no credit or less than stellar credit, you may still be approved for a loan given that you can prove that you are able to pay back the loan. Lenders are typically unconcerned about your credit if you possess proof of income and a strategy to repay the loan.
Lenders will use a soft credit inquiry, which will not impact your credit score. This is solely to get a feel of your credit history and basic information.
A hard credit check, dissimilarly, needs your permission. These credit inquiries are performed for a plethora of purposes, such as mortgages, credit cards, and more.
You can still be approved for a paycheck advance loan with poor credit in Visalia, California, provided that you can prove you will repay the loan.
So, when you apply, whether it is in person or online, double check that you have your income information easily accessible and any other documents proving that you can repay the loan. The more proof you have, the better chance you are to be approved.
When Will I Receive My Money in Visalia, California?
When you get your funds truly relies on the lender as some lenders offer same-day paycheck advance loans, which means you will see your payday loan on the same day you request a loan, as long as you receive an approval.
Most of the time, however, lenders will give the borrower their lump sum on the following business day. Businesses typically 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 cash advance loan in Visalia, 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 cut-off. However, you should submit an application earlier than that if possible, as it will increase the likelihood that you see your deposit on the day that you apply.
One more consideration that you should be aware of is despite if the lender approves your application and posts the funds to your bank, occasionally 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 paycheck advance loan, so they could possibly make an exception in releasing the cash earlier.
On the whole, it's wise to prepare ahead of time to receive your deposit on the following business day. That way, you're not left in the lurch if you cannot receive it on the same day.
Think About Working With Us
If you possess bad credit or no credit and are wanting to get a payday loan, consider applying through us, as you probably have a higher chance of approval.
We partner with hundreds of different lenders who provide their services online. Most of the time you will receive your cash on the next business day so ensure that you plan accordingly.
Although, you can always locate the closest cash advance loan storefront to you and apply in person to boost the chances of getting your money on the same day. When applying in person, make sure that you have your government ID or driver's license; a passport is sufficient. Occasionally, lenders may ask for proof of address, so take along a utility bill to the store too.
To locate the nearest payday loan store, please use the list below and search for your city.
Payday Loan Direct Lender Companies in Visalia, CA
Below you will find a list of payday loan companies offering their services in Visalia, California. If you can't find a lender near your location in Visalia, 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 Visalia, 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.