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Early payday loan

early payday loan

Early Payday

Early Payday is a payday loan alternative designed for members who need up to $500 cash quickly. Early Payday does not require a minimum credit score.

Early Payday applications are not available online. Please come into the Credit Union during business hours to apply. Please bring in your:

  • Government issued ID and a secondary ID
  • Most recent paystub
  • Checkbook
  • Most recent bank statement

Early Payday Loan Requirements:

  • You must be a Cal State L.A. Federal Credit Union member and 18 or over
  • You must be a Cal State L.A. Federal Credit Union member for 31 days or more to qualify for $250, and 61 days or more to qualify for $500
  • You may not have caused a financial loss to the Credit Union
  • You may not have a past due or charged off loan(s) with the Credit Union
  • Your Credit Union account may not have a negative balance at the time of your application
  • You will be required to show proof of identification. (Government issued photo ID, and a secondary

    form of ID such as a student ID or utility bill.)

  • You must fill out the loan application in person.
  • You must have an open checking account with a financial institution and provide your most recent bank statement.
  • Your most recent check stub is required, dated within 30 days or less. You must be currently employed.
  • A Teletrack report will be reviewed at the time of application. You must have no adverse history or unpaid loans with other payday lenders.
  • If you have an Early Payday loan with the credit union, it must be paid before you can open a new loan.
  • You may not exceed three (3) Early Payday loans in a (6) six-month period.

There is a $20 application fee for Early Payday.

This fee is non-refundable. Please review the requirements above to ensure you will qualify before you apply. Payments may be scheduled according to your payroll schedule. If you are paid weekly, bi-weekly or bi-monthly, we will schedule your payments to coincide with your payroll dates. There is no pre-payment penalty.

Rate and Payment Examples

Category: Payday loans

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