Getting a payday loan in California is not a remote possibility, and you can even get a payday loan in as little as 24 hours. Alternatively, you can get the cash in hand as soon as we verify and accept your application.
Many lending platforms offer Payday Loans California service without as much as a credit check. Life happens, and we run into unexpected emergencies. Sometimes these emergencies occur when we are in between paychecks. In such cases, we might need a quick buck to pay off an auto bill or a mortgage payment.
While you may not be eligible for personal loans, especially with bad credit, you can get payday loans. Getting online payday loans California has never been easier; with a brief application, you’re all set. What follows is all you need to know about how to get a payday loan in California.
What Is a Payday Loan?
A payday loan is a high-interest, short-term loan usually due by the next payday, meaning that you should repay within two to four weeks of collecting it. A payday loan is also called a cash advance, and while it is for a small amount, it is typically expensive. Payday online loans attract high-interest rates that increase with the closeness of the due date.
Payday loans are usually for small amounts like $500, although some states may loan up to $1000. In California, the maximum payday loans california limit is $255. It is important to note that not all lenders will lend you the total amount based on some factors.
You can get an online payday loan in California even with bad credit. Additionally, we can approve your loan request in minutes if everything is in order and have your loan in your account within 24 hours.
Requirements for a Payday Loan California
A resident of California must have these basic requirements ready to qualify for a payday loan. Here are some of the qualifications we require to count you eligible for a payday loan:
● Must be 18 years and above.
● Must have a valid Individual Taxpayer Identification Number or Social Security Number.
● Proof of steady income such as self-employment, retirement, disability, and so on.
● Have an active email account and phone number with which we can contact you.
● For California residents, you must show proof of a valid checking account that has been active for at least a month.
● Must not be involved in a bankruptcy case or filing for bankruptcy.
● Applicants must not be an active member of the force or call that does not specify thirty days or less.
● Applicants must also not be dependent on any of the force members indicated above.
● Maximum loan amount must be $255.
● Must include APR and fee scheduling terms.
Application Process for a Payday Loan
Our application process is pretty easy; you can do it within five minutes on your mobile device. You can kick-start your application process with just a few bits of information. In addition, the decision-making time is short for long term financial solutions as it only takes a few minutes to get feedback. Once the loan agreement is approved, you can get the loan in your account in less than one business day. You may also be eligible for cash pick-up at our store and go home with your cash in hand.
Once the application process is done and approved, you may write a post-dated cheque to ensure that your loan payment come in by the next payday. However, we have rollover plans if you cannot pay by the next payday. However, rollover plans incur extra interests and fees.
The best thing about this swift application process is that it will not affect your FICO score. Additionally, you can return your loan to us after 72 hours if you’re unsatisfied. Moreover, you can also seek credit counseling from best financial experts at Fast Loan CA.
Frequently Asked Questions (FAQs)
Q1. How can I qualify for a payday loan?
Firstly, you must be over 18 years old, with a valid means of identification. Provide an active checking account and show proof of a substantial income. With these, we can quickly process and approve your application. It is important to note that you may not qualify for the maximum amount based on your income stream.
Q2. Will applying for a payday loan affect my FICO score?
Our fact-checking process involves gathering information from non-traditional lending companies. While this may affect your credit profile with the particular agency, it will not affect your FICO score.
Q3. Are there charges for applying for a payday loan?
Our application process carries no application charges, and the entire process is free of charge whether your application is approved or rejected.
Q4. How soon can I get the loan?
Typically, you should receive the loan balance in your bank account within one business day. However, due to bank operations, you may only receive loan payment by the next weekday for applications you make on Fridays.
Now that you know how easy it is to get a payday loan in California, what are you waiting for? With that bill hanging over your head, all you need do is fill out our online form and start the process. Within hours, you can fix that bill with just a quick loan.
The requirements and terms for a payday loan are relatively straightforward and readily available. You’re already halfway there with a valid SSN, checking account, and proof of income. Indeed the terms and requirements are favorable to all. Our payday loan inquiry does not affect your FICO score; you can apply even with poor credit.
Our loan system is secure, and our process is fast and easy which makes the credit difficulties disappear just like that. In addition, every loan taken from us has a 72 hours validity period. If you’re not satisfied, return the principal within that time frame. Indeed, getting a payday loan in California & ensuring financial protection have never been easier .