Payday Loans in Mission Viejo, California
Do you need a little extra cash to get by, but don't want to be on the hook for a long term installment loan? A payday loan might be exactly what you need.
Finding a payday lender in Mission Viejo, CA doesn't have to be hard. Even if you have less than great credit, GreenStarCash can help connect you to a lender ready to approve your loan.
Payday loans are different than personal loans in more ways than one. If you want to learn more about payday loans and how you can get one, continue reading.
What Exactly is a Payday Loan?
Payday loans, also known as fast-cash loans and deferred deposit transactions, are short-term, unsecured loans that are used by millions of Americans each year. These loans typically have lower credit requirements and can provide funds to those who may not be able to get approval for other loan types.
The most identifying quality of the payday loan is the extremely short loan term. Due to state guidelines, when you take out a payday loan in Mission Viejo, CA, your repayment must fall within 31 days of the loan approval date.
Am I Eligible for a Payday Loan?
Eligibility for payday loans is governed by federal law, local regulations, and lender requirements. In Mission Viejo, CA, you must:
- Be 18+
- Have legal US citizenship
- Prove your source of income
- Have an established checking or savings account (over 30 days old)
- Provide your current phone and email
If you are interested in a payday loan and meet these requirements, fill out a loan application with GreenStarCash!
Are There Payday Loan Regulations Specific to Mission Viejo, California?
Mission, Viejo residents are protected by California's payday loan regulations. Here is a quick breakdown of these rules:
- Payday loan amounts cap out at $300
- APR must remain under 460%
- Contract terms can't exceed 31 days
- Loans may not be extended
- If finance charges are issued, they must be less than 15% of the loan amount
Will The Lender Run a Credit Check?
Payday lenders may have looser standards for credit, but they still need to run credit checks on their applicants. If this worries you, you should know that payday lenders run soft credit checks, which don't leave a negative mark on your credit report.
These lenders are mostly checking for red flags on your credit report like currently outstanding loans, multiple defaulted loans, or other similar issues.
If you are worried that your credit is too bad for a payday loan, the upside is that there is no harm in applying. The soft credit check won't be visible by other lenders in the future and doesn't lower your score.
Can I Get a Payday Loan With Bad Credit?
Your credit score can help show lenders how likely you are to repay a loan. That's why good credit is so important to a lot of lending companies. Payday loans operate a little differently. Their loans don't cover long terms where your job status, bill responsibilities, and other economic factors can dramatically change. Therefore, they have the ability to lend to applicants with poor credit.
As long as your credit report isn't filled with currently outstanding debts or a prolonged history of defaulting on loans, it is unlikely you will be denied on your credit score alone.
To get matched with a lender for a bad credit payday loan in Mission Viejo, California, fill out an application with GreenStarCash, today.
Will I Get My Funds Quickly?
Payday lenders know you need your money quickly. Usually, your lender will do their best to get you your money the same day. If that isn't possible, they will try to send your money the following business day. If you apply on a Friday or right before a holiday, you may have to wait a few days until banks reopen to receive your money.
If you want to make sure you get your money as soon as possible, fill out an application with GreenStarCash to be matched with a lender as soon as you can.
How Easy is The Application Process?
Mission Viejo, CA residents can easily apply for a loan with GreenStarCash. Simply fill out our short application and wait as we almost instantly match you with a willing lender. Afterward, your lending process will look like this:
- Find your loan terms and agreement on the lender's webpage.
- Sign the agreement along with an automatic transfer approval document.
- Wait for your funds to show up in your bank account!
Ready to Find a Payday Loan in Mission Viejo, CA? Try Out GreenStarCash!
GreenStarCash is the fastest way to get matched with a lender ready to get you the money you need. We work with over 100 direct lenders and our matching process is almost instant, which means you get your funds as quickly as possible.
If you are in Mission Viejo, California and need a payday loan fast, we are here to help you.
Don't waste your time with lenders that have no interest in approving your application. Let GreenStarCash match you up with lenders ready to approve you, today.
If there are very few local lenders in Mission Viejo, you can apply for a payday loan online on our website. Alternatively, consider finding a suitable payday loan lender in a nearby city.