Cathay Bank Payday Loans Review - Milpitas, California

A low credit rating doesn't have to prevent you from applying for payday loans. They are one of the few short-term loan products offered to consumers with a bad credit history. Payday loan approvals depend very much on other aspects. Payday companies will look at your earnings and subtract all your expenses. Usually, your score won’t be affected by a payday loan, as long as you repay it in full and as agreed in the contract.

To get approved for a loan, you have to meet the following eligibility criteria:

• be 18 years old or older;
• be a U.S. citizen or permanent resident;
• be employed and have a steady income;
• have a valid checking account in your name;
• have an email address and phone number.