Payday Advance Pomona

Although you provide a payment check to us when you take out a payday loan, it’s not difficult to get extra time. Simply come back in to pay the interest and we can usually extend your loan.

Remember, payday loans are fast and convenient, but they aren’t always the cheapest borrowing solution. If you need a loan for an extended period of time, we may have more appropriate options for you.

If you are from out of town, and a sudden emergency arises that requires cash, a short-term loan can help. With a bank account and proof of employment or regular income, you will probably qualify for the funds that you need.

If your payment date falls on a Federal holiday, payment is due, or will be withdrawn on the next business day. When you accept the loan, we will let you know if a holiday will affect your payment date.

We need to look at your outstanding debt when we think about looking at giving you a loan. Thirty percent of what we consider when we discuss lending you money is how much outstanding debt you have now.

So what’s the difference between a secured loan and an unsecured loan? A secured loan is based on a piece of collateral that you are putting up, while an unsecured loan is based on the assumption that you can pay it back and is thus much riskier for the lender.

Unlike some loans or advances, there are no restrictions on what you use your payday advance for. You can use it for whatever you like bills, gifts, food, or anything you need. All transactions are confidential.

One of the biggest advantages of a payday loan is that you can pay regular bills with it. It happens: an emergency drains your checking account before your next pay period begins. Even just a week delay can wreak havoc on your bank account and bring upon late fees.

If you know you have a lot of unresolved debt, don’t just let it go. We tell our clients to call those companies with whom they have unresolved debt because that can go a long way toward helping.

What happens if you cannot repay your loan before your next payday? Instead of defaulting, it is possible to carry over the loan for another term. This will incur additional interest, but will give you more time to repay what you owe.

Payday loans are a good way for people with limited credit to get money in a pinch. Because there are limits on the amount that can be loaned, repayment can be readily managed, and your credit rating can improve.

One of the misconceptions about payday loans is that they are unregulated by federal or state legislation. On the contrary, all loan providers are required to adhere to the guidelines specified by Office of Fair Trading and other state-mandated norms.

A person's credit score is used by most lenders to determine if he or she qualifies for a loan. However, as much as 25 percent of Americans have scores lower than 600, making it extremely difficult to qualify for a loan. A payday loan, however, doesn't require a credit check.