 What
is a Cash Advance, Payday Loan, or Paycheck Loan?
A payday advance provides you with an unsecured,
short-term cash advance until your payday. Customers
choose payday advances to cover small, unexpected
expenses while avoiding costly bounced-check fees
and late payment penalties. With California Payday
Loan you can apply for a payday loan online and
have your advance electronically deposited to your
checking or savings account.
What
about Qualifying?
Qualifying for a payday loan advance is easier
than qualifying for traditional credit. California
Payday Loan does not perform credit checks. Your
job and your paycheck act as your collateral. You
only need to meet the following requirements:
- You're currently
employed or receive recurring income regularly.
- At least
$1000/month if employed or $800/month
if on a fixed income.
- Your paycheck
is direct deposited into your savings or checking
account.
Do
I need anything else?
After completing an application, you will
be asked to fax in copies of the following documents:
- Copy of drivers
license, State issued ID or Military ID.
- Copy of a
bank statement within the last 30 days.
- Copy of a
personal check marked "VOID".
- Copy of your
most current pay stub.
Does
the process take long?
Customers typically receive approval within
hours of applying. Since the money is wired directly
into your checking or savings account, you can usually
have access to your funds the very next day
What
if I have bad credit or a bankruptcy?
Not a problem! California Payday Loan does
not obtain a credit bureau report to qualify you
for a cash advance payday loan.
What
about collateral to receive a loan?
No. Your job and your paycheck are your collateral.
Do
I need direct deposit?
At this time we can only process your loan
if your paycheck is direct deposited; it is the
most secure way to offer loans as quickly as we
do.
Is
there an application fee?
California Payday Loan never charges applicants
a fee to qualify for a payday cash advance loan.
Do
provide payday loans in all 50 states?
Yes, at this time our lender is able to provide
payday cash advance loans to clients in all 50 states.
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