Applying does NOT affect your FICO® credit score!
When an emergency happens, and you have very little time to figure out how to deal with it. Come to us here at CashinaSnap. We could offer up to $300 with our Riverside payday loans. You can get started right away by filling out our online request form.
A constant cash shortage can be worse than a sudden, one-time need for additional funds. However, the best thing about short-term loans is that they can help you get rid of both the problems.
There is an endless number of reasons why you may need extra cash. But if you found yourself in one of these situations, CashinaSnap is at your service.
More than half of all Americans cannot get a traditional loan from a bank or savings and loan.
In fact, this is the most common reason why you may need a loan. About 70% of people use small cash advances to manage urgent expenses. These expenses include credit card payments, utilities, rent, and groceries.
Sometimes the penalties for missing a card payment can be severe. Usually, the first thing there is that a penalty is added to your payment. Then, your interest rate goes to the max of about 33%. And then you are probably paying more than the cost of the short-term loan.
This is quite common. Many people are uncomfortable hitting up friends and family for cash.
For example, you have some checks that will bounce, and you will be hit with $35 per check NSF fees. This is more than the loan will cost you. Or you have a utility bill that, if unpaid, will hit you with penalties, added fees, shutdowns, and then restart fees and deposits… for hundreds of dollars.
According to the state law of California, payday lending is legal.
California imposes a $300 limit on payday loans offered in the state. Payday loans can be taken for a period of no longer than 31 days with the maximum finance charge of 15% for every $100. No additional charges are allowed for the extension of a loan. No rollovers are allowed, there are no cooling-off periods between 2 consecutive loans, and only one outstanding loan is allowed. There is an allowed $15 NSF fee; criminal actions in all cases are prohibited.
| Legal Status | Legal |
|---|---|
| Minimum Loan amount | Not Specified |
| Maximum Loan Amount | $300 |
| Minimum Loan Term | Not Specified |
| Maximum Loan Term | 31 Days |
| Number of Rollovers | 0 |
| Number of Outstanding Loans | 1 |
| Cooling-off Period | None |
| Finance Charges | $17.64 per $100.00 15% of the amount advanced (up to $45 plus small fee) |
| Statute of Limitations | 4 years |
Go through the following two documents to learn about the regulations concerning payday loans – the Civil Code 1789.30 et seq. and the Financial Code 23000 et seq.
Moreover, it is also required that all the transactions between a lender and a borrower be notated in a legal agreement. This agreement should contain information about the loan amount, terms and conditions, interest rates, and finance charges.
California state law allows payday lending in an amount not to exceed $300.
The total fee is $17.64 per $100.00 borrowed.
Finance charges should not exceed 15% for every $100 of the amount advanced plus a small fee.
Example
With a 14 day term:
Loan cost: $17.64
Payback amount: $117.64
Licensed lenders may defer any deposit of customer checks up to no more than 31 days.
A lender has 2 options:
Here are the benefits that you get if you choose CashinaSnap for a Riverside payday loan near you:
No driving around, just grab your smartphone or another device, complete the loan request and submit it.
Working with CashinaSnap.com, you can always be sure that we work with licensed direct lenders who are ready to loan money today.
No more questions, like “Where can I find the best lender near me?” You’re free to apply for online payday loans directly from anywhere you have internet access.
It is easy to complete your loan request online; our short loan request form is simple, easy, and fast to complete. All your information is secured by the latest encryption technology, and we never sell your data to other service providers.
Usually, it only takes 2-5 minutes to complete a request form. And you get an answer fast – typically in less than 90 seconds. If approved, your lender is connected to you directly and reviews your loan terms and conditions. You are not obligated to accept a loan offer.
The payday loan laws in California limit you to having only one (1) payday loan at a time. You cannot get another payday loan until you have repaid the first one.
Here are five reasons why you benefit from getting a Riverside, California payday loan:
If you need money now, the best direct payday lenders offer very fast processes and quick approval for those who qualify. You typically receive your loan in one business day.
Once you receive the funds, you may use them in any way you wish. We highly recommend you only use a payday loan for emergency expenses.
If your credit score has seen better days, you can still get a loan in Riverside, CA. Payday lenders check your current income as the primary determinant of your ability to get and repay a loan.
In case if you get into a tight financial situation, and there’s no other option rather than applying for a loan to get your affairs in order until your payday, consider getting payday loans online.
As we said before, this type of loan doesn’t require a perfect credit score. Everyone who meets the basic requirement is eligible for a short-term loan.
In Riverside, if you are over the age of 18, you can apply for a payday loan. You must have a social security number, a valid driver's license or state-issued ID, proof of income, and a bank account.
You can have only one (1) payday loan in Riverside. They must be paid in full before you are eligible to receive another payday loan.
When you get a payday loan, your lender will automatically deduct the amount due from your bank account on your due date.
Yes. Lenders require an active checking account, so they can deposit your loan into your account as well as receive payment on your due date.
No. Rollovers and extensions are not allowed in California.
When you apply online and are approved, you can expect funds to be deposited the next business day directly to your bank account.
No. Criminal charges are prohibited in the state of California. A lender cannot file any criminal actions against a consumer who is unable to repay. However, if you default on your loan, the lender may turn your account over to a collection agency.
Luckily for you, lenders make agreements transparent. And you are dealing with a licensed, direct lender. CashinaSnap is a referral company connecting you to more than 100 direct lenders. This greatly increases your odds of approval and saves you time and money driving from one storefront to another.
Let’s look at some benefits of payday loans in Riverside, California. We have been in business for over 15 years serving all California residents. Here are some common benefits:
When it is urgent, you know there is no faster way to get the money you need.
No hard credit checks are performed.
Apply for your loan online with a simple and understandable form. Spend little time, typically less than 5 minutes. Get an answer in 90 seconds or less.
You can get your money in 1 business day after approval.
You can spend your time taking care of your needs. We use strict privacy policies using heavy encryption software to protect your data.
