Category Archives: loan

Payday Loan Center – Open Loans California., Inc (OpenLoansCA)

Payday loan center (OpenLoansCA) is a proven leader when it comes to providing fast payday loans in California. When you apply and get approved for a payday loan from us, you can have your funds in under 24 hours in most cases.

The application process is very simple. We request that you fill out a short form indicating your name, address, telephone number, social security number, date of birth, place of employment or source of income and information about your checking account. We require that you are employed so you have the money to pay us back and we ask for a checking account to deposit your funds into and withdraw our loan proceeds from when they come due on the date of your next paycheck.
OpenLoansCA cash
Other than those two basic requirements, we just ask that you be at least 18 years old and a legal citizen of the United States. Some form of photo identification will be required, such as a driver’s license or state issued ID card. If you are applying online, we will make use of Internet databases where we can verify your information.
We do not require that you have a good credit rating to be approved for our payday loans, and we will not even request a credit report. You also do not need to leave us with any valuable piece of property. We secure your payday loan strictly from the wages you earn at your job. Our payday loan center serves as a valuable financial alternative to people who are often turned down for loans from traditional banks due to circumstances that may be beyond their control.

We disclose our interest rates on your original loan documentation. There are many factors that go into determining your rate, including how much you are borrowing, whether you have borrowed from us before and how long it will be until your next payday when you repay the loan. These same factors help us to determine how much of a loan you are eligible to receive.

There are times in life when you are not prepared to meet sudden financial challenges that stand in your path and it can make you feel disappointed in your life. You do have a solution to the problem of not having enough money in your checking account to meet those unexpected expenses. Our company is in the business of helping people receive the money they need without a credit check or having to resort to faxing even one document to a lender. We can do it by: Giving us the financial information we need through our secure website. All you have to do is click “Submit” to set your application in motion. It only takes a matter of minutes for one of our representatives to determine that you meet the requirements for a payday loan.

After you have been approved, we send you an email informing you of that fact along with your new loan’s terms. You can give us a call at any time if you have questions about the terms of the loan. If you don’t like the terms, you are not obligated to take the loan. The email will give you instructions on how you can continue with the loan process if you decide that you would like to receive the loan. By following those instructions, you should receive the money in your bank account the next day.
The following are the requirements you must meet in order to be approved:

1.Your monthly income must amount to at least $1,000,
2.Possess a checking or savings account that can be verified and set up to receive a direct deposit,
3.Have proof of employment,
4.Be at least 18 years old and a United States citizen.

You must be in a position to be able to re-pay the loan you receive. But any time that you believe that you will need extra time to do so, you can notify one of our loan officers to help you.

Learn more here:
Payday Loans – OpenLoansCA
Installment Loans – OpenLoansCA
Personal Loans – OpenLoansCA
Check Cashing – OpenLoansCA

Deciding When to Use Home Equity

Deciding When to Use Home EquityThere has been a lot of talk in recent years about using home equity to finance loans and lines of credit. This shouldn’t come as a surprise, since home equity has both a high value (provided the homeowner has been making payments on their home for long enough) and is easy for lenders to work with since the lien created by a home equity loan is based upon a piece of real estate. These two factors are what enable a number of lenders to offer better interest rates on home equity loans than they might be able to on other types of loans to the same individuals.

Home equity loans aren’t always the best option, however. You should carefully consider the ramifications before taking out a home equity loan… after all, it’s your house that you’re putting on the line if you aren’t able to repay the loan. This doesn’t mean that you shouldn’t apply for a home equity loan, however; instead, simply take a little time to learn more about home equity lending and use this information to help you to decide whether a home equity loan is right for you.

What Equity Is

Many people aren’t even completely sure what equity is, much less how it’s used as collateral for a loan or a line of credit. Basically, equity is the amount of money that you’ve invested into your house by making your mortgage payments. It’s the percentage of the house that you “own”, and is a representation of how much money has been paid against the total amount owed.

How Home Equity Loans Work

When you apply for a home equity loan, you take out an additional lien against your house or other real estate. This means that you have another claim against your property by a lender, and that if you are unable to repay your debts then the value of your house or real estate will be used to pay off the original mortgage and then the remainder will go toward your secondary lien. Obviously, borrowing against the equity in your house or another piece of real estate reduces the amount of equity in the property… meaning that you have to begin building up your equity all over again.

Home Equity Lines of Credit

Slightly different from a home equity loan is the home equity line of credit. These credit lines work just like credit cards issued by any bank, but they use the equity in your home or real estate as security to guarantee that you’ll repay whatever you charge to the credit line. These lines of credit are a popular alternative to some home equity loans, especially those that would be used from some home improvement projects or multiple purchases or payments.

Home Equity Loan Recommendations

When trying to decide whether or not to use your home equity to secure a loan or line of credit, you should stop and ask yourself if there are other options available. Do you really need the loan or line of credit? Is there any other potential collateral that could be used as security instead of your equity? Will the payments for the new loan be manageable with any other debts that you might have?

By taking the time to consider your alternatives you might find that it’s much easier to make the decision of whether you should use your equity as collateral. The most important thing is to make sure that you can afford to repay what you borrow, since you’re putting a lot up for your collateral.