How do Payday Loans Work?

How do Payday Loans Work?

How to get a Payday Loan in California

  • Cashbackloans
  • September 08, 2023

Payday loans are a convenient way to access extra funds when you need them most. They are short-term loans designed to cover those types of unexpected expenses that you can’t postpone until your next paycheck. When you apply for a payday loan, you’ll be asked to provide your next paycheck date and you can expect to pay the loan back in full on that date.

Payday loan lenders like Cashback Loans make borrowing money a lot easier than what you might be used to.

Getting your money starts with an application, either in-store or online. From there, our team will review your submission and transfer the funds, often all within the same day!

We’ve optimized the process as much as possible for your convenience. We strive to have money in your bank account on the same day when possible!

Make Today My Payday!

How Are Payday Loans Fulfilled?

One of Cashback Loans’ requirements for getting approved is having an active checking account, as we will deposit the funds directly into your account once we approve your application. If the bank doesn’t accept instant funding, your money will appear in your account the next business day.

When your loan is due, which is usually when you receive your next paycheck, you can either write a check to repay the loan amount or simply have your funds automatically withdrawn from your account, whichever you prefer.

What are the Requirements?

To be approved, there are just a few simple requirements you’ll need to meet. Best of all, Cashback Loans does not check your credit during the application process, meaning approval is almost guaranteed if you meet the following criteria:

  • An open and active checking account
  • A steady source of income
  • A Government-issued photo identification
  • A valid phone number
  • A valid email address

Ready To Apply?

Now that you know how payday loans work, all that it’s left is to start the online application, and we’ll handle the rest! Our professional representatives can help you through the application in a convenient location near you!

Cashback Loans is a trusted lender, and we have the over 20-year track record to prove our success! Partner with Cashback Loans for unplanned expenses and rapid-approval payday loans!

Contact Info

Corporate Office

PO Box 6090, La Quinta CA 92248.

Phone Number

(909)-483-0474

Email Address

[email protected]

Get In Touch