Getting a Payday Loan in San Bernardino, California
If you have to apply for a payday advance loan in San Bernardino, know you are not alone. In fact, based on research from the Federal Reserve Board, more than half the country has credit scores under 680. Most traditional banks don't lend to borrowers with scores below that threshold.
Additionally, an alarming 47 percent of Americans aren't adequately prepared to deal with a $400 unexpected expense. They would have to resort to other measures, like asking a friend for money or selling an important belonging.
This is why many San Bernardino residents turn to payday loans to get access to cash quickly. At LendUp, we are committed to offering safe and convenient payday advance options to residents in San Bernardino. We distinguish ourselves from the traditional payday lender by offering financial products that are designed to encourage responsible borrowing. Plus, we don’t have rollover fees, ever. So you don’t get trapped in a cycle of debt.
Before applying for cash advances in San Bernardino, learn more about how our online loans can offer a better alternative to traditional payday loan stores. Here are the main things you need to know.
Why Are San Bernardino Payday Loans Useful?
Think of this scenario: It's summer, and it's hot. Your paycheck is late. The electricity bill is past due. You certainly don't want to melt. A cash advance in San Bernardino is a viable solution in this case. With a cash advance, you can avoid late charges and reconnection fees.
Before you borrow, just be sure you can pay it back on time. Also, understand that this shouldn't turn into a long-term practice. Rather, payday loans should serve as a temporary solution.
At LendUp, we want to get you on the path to better financial health. It's our goal that you be in a better financial situation than before you used LendUp. We want you to feel more financially empowered. That’s why we offer free financial education to empower our customers to take control of their financial health.
What Requirements Are There for San Bernardino Payday Loans?
Every San Bernardino payday advance provider is different. But, at a minimum, you will need to be at least 18 and be able to provide some proof you can repay the loan.
At LendUp, we have established requirements. You must be 18, a California resident, and have a checking account (which can accept electronic transfers). You must also have some sort of recurring income, such as a job or government payments (proof must be provided).
If you are worried about your credit score, know that LendUp doesn't require good credit. If you have bad credit, you won’t be automatically turned away. We run a soft inquiry of your credit instead of a traditional hard pull. Soft credit inquiries won’t make your credit score dip like a hard credit check could.
At LendUp, we have approved those with poor credit for San Bernardino payday loans. It's our mission to work with those who have poor credit in San Bernardino. So, even if you feel your score is very low, apply. You may be approved.
How Long Does It Take to Get Approved for San Bernardino Payday Loans?
The process at LendUp is quite fast. If you need money right away, you should look only at lenders who can get you the money by the time that you need it.
LendUp is one of those lenders. Our application for San Bernardino payday loans can take as few as five minutes. You’ll get an instant decision, and we may be able to deposit the cash into your bank account the next business day (if you apply on a weekday by 5 p.m. PT).
San Bernardino applicants may be approved for up to $250. As you pay back your loans on time, this amount may increase over time, pending state restrictions.
What Should You Consider When Choosing a San Bernardino Payday Loan Lender?
There are numerous things to consider when choosing providers for payday loans in San Bernardino. Listed here are some of the most important.
Some lenders in San Bernardino operate offshore or on tribal land. This enables them to skirt federal and state law. You should consider avoiding these lenders because you aren't protected by lending regulations. LendUp is a fully licensed and direct lender in San Bernardino. From your application through paying off your loan, you’ll be dealing directly with us and no middle men.
Rates and Terms
Before you take out a payday loan in San Bernardino, absolutely be certain of the loan length, interest rate, fees and other conditions. The company should also list the total cost of the loan (this could be in the form of a repayment amount). Be wary of companies that have hidden fees. Only borrow from transparent lenders.
At LendUp, we are always clear on the rates, terms, and conditions of our San Bernardino payday loan products. If you have any concerns, we are ready to help by phone or by email. We believe you deserve transparency and customer service that treats you with respect.
Typical payday lenders don't have programs in place to reward you for being a good customer. If you pay back your loan on time, we may be able to provide access to larger loan amounts over time, pending state restrictions.
We also offer payment plans at no extra cost, within our guidelines. As mentioned, we don’t do rollovers, so you won’t be paying back interest on the same loan repeatedly.
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