Payday Loans in El Cajon, California
From bill shortages to emergency medical care, there are a lot of reasons you may need a payday loan. Securing a payday loan in El Cajon, California comes down to meeting certain, state-specific requirements.
Even if you have bad credit, the first step to getting your payday loan is to let GreenStarCash match you with a lender.
If you are in need of financial relief, continue reading.
How is a Payday Loan Different from a Personal Loan?
The difference between a payday loan and a personal loan mostly comes down to the length of their contracts and approval requirements. Personal loans offer larger funding amounts, but usually require a mix of good credit, a cosigner, and sometimes collateral for approval.
A Payday loan is different. The loaning period is much shorter, which allows payday loan companies to offer services to those with subpar credit and without collateral.
Am I Eligible for a Payday Loan?
Eligibility requirements are different depending on your location. In El Cajon, CA the requirements are typically as follows:
- Be at least 18 years of age
- Be a legal US Citizen
- Have a regular source of income
- Have a bank account that has been active for at least 30 days
- Have a valid phone number and email address
If you meet these requirements and are ready to get your funds, start your loan application with GreenStarCash!
How are Payday Loans Regulated in El Cajon, California?
The regulations for loans in the El Cajon, California area are strict. Lenders must ensure the following guidelines are followed:
- Loan APR cannot exceed 460%
- Loan amounts cannot exceed $300
- The maximum loan term is 31 days
- No rollovers may be processed on the loan
- Finance Charges can be no more than 15% of the amount of the loan
Will Lenders Need to Run a Credit Check?
Lenders want to know they will be repaid, which is why they need to run credit checks. However, they can do this without running a "hard" credit check.
A hard credit check shows up on your credit report for other lenders to see and can lower your credit score by a few points. Payday lenders use a soft credit check, which allows them to get a glimpse at your credit history without leaving a mark on it.
If you have bad credit, don't worry. Most payday lenders won't deny a loan application on bad credit alone. They care much more about your income and ability to pay.
What if My Credit is Bad?
Most payday lenders don't consider bad credit enough of a reason to deny an application. The lender will perform a soft check on your credit to see why your credit is bad.
If your credit report shows a history of outstanding payday loans or similar negative marks, the lender may choose to deny your application. Otherwise, lenders are more concerned with your current ability to pay than your past history with credit.
Getting matched with a bad credit payday loan in El Cajon, California is simple with the help of GreenStarCash. Begin your application, now.
How Long Will It Take to Get My Money?
To get your money as soon as possible, fill out an application with GreenStarCash to get matched with lenders.
If the lender you are matched with offers same day payday loans in El Cajon, California, you can potentially receive your funds the same day. In most other cases you will receive your money one business day after your approval.
If you apply for a loan over the weekend, you may not receive your funds until the next business day.
How Difficult is It to Apply?
Getting matched with a lender is easy, even if you live in El Cajon, CA. Here is a breakdown of the process:
- Fill out your GreenStarCash application in a few, short minutes.
- After we receive your information, we will check with our large selection of direct lenders to almost instantly find a payday lending company that is ready to accept and approve your application.
- You will be redirected to the lender's website to view your loan agreement.
- You will be asked to sign your loan agreement and any additional documents like an ACH authorization form.
- The lender will initiate the ACH transfer to put your loan funds into your account.
- When the repayment date arrives, the lender will withdraw the payment and your loan will be considered paid.
Ready to Find a Payday Loan in El Cajon, CA? Try Out GreenStarCash!
GreenStarCash works with over 100 direct lenders to offer quick, online payday loans. If you are in the El Cajon, California area and need a little financial help, try applying for a short-term loan through our matching services.
Bad credit doesn't mean you can't be approved, and funds can make it into your account as early as the same day.
Improve your chances of getting approved and apply for a loan through GreenStarCash, today.
Payday Loan Direct Lender Companies in El Cajon, CA
Below you will find a full list of payday loan storefronts in El Cajon, California. If you can’t find a local lender in El Cajon, consider applying in a nearby city in California. If you would prefer to apply for a payday loan online instead, please fill in the short form at the top.
If there are very few local lenders in El Cajon, you can apply for a payday loan online on our website. Alternatively, consider finding a suitable payday loan lender in a nearby city.