Payday Loans in Whittier, California
Life happens, and we usually find ourselves in a place where we must pay for some unforeseen expenses. Think about submitting an application for a cash advance loan in Whittier, California, to see if you meet the requirements.
The application process is quick and effortless. To be qualified, loan borrowers have to meet a few general requirements.
What is a Paycheck Advance Loan? What Can It Be Put Towards?
A payday advance loan is where the borrower will receive a small amount of money on a short-term agreement. This is considered an unsecured loan because no collateral is required.
When unforeseen financial needs arise, like late rent or utility bills, auto bills, medical or vet fees, and so on, people frequently seek out payday advance loans.
Cash Advance Loan Requirements In Whittier, CA
In Whittier, California, paycheck advance loan borrowers must meet a few stipulations to be eligible for a loan.
The borrower must:
- Prove that they reside in Whittier, California
- Must be 18 or older
- Have a steady stream of income that they can prove that's at least $1,000 per month
- Give up-to-date contact details including cell phone number and email address
- Give their social security number
If a borrower does not meet the above requirements, they will immediately be denied a cash advance loan. Ensure that you have the documents needed when applying for a loan.
Laws and Rules Regarding Payday Advance Loans in Whittier, California
California has ruled payday advance lending legal. Although, they have created the below rules and laws for the payday advance lending market:
- A single lender can't extend a loan for more than $600. Borrowers are not allowed to possess more than two outstanding loans from different lenders. There is no minimum 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 money lender. The service costs enacted by the lender on each loan or transaction are not considered interest. The service fees apply to every $100 loaned and can range from 11% up to 15%.
- An interest rate must be mutually agreed upon. APR can be as high as 369%.
Will Cash Advance Lenders in Whittier, California, Perform Credit Checks? What If I Have Dismal/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 less than optimal credit, you may still be eligible for a loan provided you can show that you are able to pay back the loan. Lenders are commonly unbothered by your credit if you have proof of income and a plan to repay the loan.
Lenders will conduct a soft credit check, 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 check, dissimilarly, requires your permission. These credit checks are performed for various purposes, including mortgages, credit cards, and more.
You may still qualify for a paycheck advance loan with poor credit in Whittier, CA, if you can prove you will repay the loan.
Therefore, when you apply, albeit in person or online, double check that you have your income information at hand and any other documents showing that you can pay back the loan. The more proof you possess, the better chance your loan request will be granted.
When Will I See My Deposit in Whittier, CA?
When you get your money truly depends on the lender as some lenders provide same-day cash advance loans, which means you will get your cash advance loan on the same day you submit your application, as long as you receive an approval.
Most of the time, though, lenders will send the borrower their lump sum on the following business day. Businesses generally close for holidays and weekends. Therefore, if you apply on a Friday, you may not get your funds until Monday.
If you're wanting a same-day payday loan in Whittier, California, you will need to make sure you're applying by 10:30 am. All same-day loans 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 money on the day that you submit your application.
One other factor that you should understand is despite if the lender approves your application and posts the deposit to your checking account, sometimes the bank won't release that funds right away. It's vital that you let your bank know that you plan to get a cash advance loan, so they might make an exception in releasing the loan earlier.
On the whole, it's wise to prepare in advance to get cash on the next business day. That way, you're not out of luck if you cannot get it on the same day.
Think About Working With PaydayLoanRadar
If you possess poor credit or no credit and are looking to get a cash advance loan, consider applying through us, as you probably have a better chance of approval.
We work with hundreds of different lenders who offer their services online. Much of the time you will receive your cash on the next business day so ensure that you plan correctly.
However, you can always find the nearest cash advance loan storefront to you and apply in person to boost the chances of seeing your funds on the same business day. When applying in person, ensure that you have your government ID or driver's license; a passport is sufficient. Infrequently, lenders may require proof of address, so take along a utility bill to the store as well.
To locate the nearest payday advance loan storefront, please refer to the list below and search for your city.
Payday Loan Direct Lender Companies in Whittier, CA
Below you will find a list of payday loan companies offering their services in Whittier, California. If you can't find a lender near your location in Whittier, 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 Whittier, 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.