California Payday Loans

In the state of California payday loans are legal. The maximum amount you can loan from any lender is $300 and the longest they can loan it for is thirty one days. If you get paid every two weeks they’ll want you to pay back the loan on your next payday, so don’t expect to get the maximum amount of days. they can only charge you 15% of the amount of the check, but for $100 California payday loans they can charge $17.65. That adds up to an APR of 459% if you take out the loan for two weeks or 14 days.

California Payday Loans: Laws & Regulations

They only allow you to take out one loan at a time, unlike many other states. That way the most you can be in debt to a California payday loans company in the state of California is $300. This is much different than other states. There are some states that allow borrowers to take out $600 and have two California payday loans out at one time. Owing $1200 to payday advance companies is a very hairy financial situation to be in.

In California you cannot rollover your loan, which is where you just pay the finance charges and keep the principal. Lenders can give you an extension but they may not charge extra for it. They may also give you the option of a repayment plan but they are not required to do so, and they may not charge a fee for it.

california payday loans

Nix Check Cashing

This California payday loans provider is offering that you can walk out of their store with $400 cash for just $42 and change. They will also give you a free membership to the credit union Kinecta. They want you to bring in identification like your driver’s license, a utility bill, and you bank account statement featuring a checking account. Bring your checkbook too, but not starter checks. You’ll also need your most recent pay stub or your benefits statement if you are retired or live on a fixed income. For more information call them at 310-538-2242 or visit www.nixcheckcashing.com.

Check Into Cash

This California payday loans lender has offices nationwide and they have a wide arrange of financial services for consumers. They offer California payday loans, payday advances, they cash checks, they do Western Union transfers as well as money orders. They can reload your prepaid debit card, they can give you a Visa gift card and they also do title loans. Some locations even have an ATM so you can get your cash out to repay your loan. They also offer you the ability to apply online. Call them at 877-262-2274 or visit www.checkintocash.com.

George Promise

This California payday loans company has several glowing reviews from real people lauding their customer service and reasonable fees. They are billing themselves as a leading payday institution that has quick, convenient, and reliable services such as cashing your paycheck and giving you an advance on your next payday. They boast over 30 years of doing consumer lending, and they have three locations in the LA County alone. They say they are dedicated to providing super service, and they want to exceed every expectation. They will give you a friendly greeting and a face-to-face transaction that you will feel really good about. Call them at 323-980-0511 or visit www.georgepromise.com.

This page functions best as a social community. If you’d like to stay abreast of all of the latest California payday loans regulations there are several ways to go about it. You can follow our Twitter tweets, you can like our Facebook page, you can add our RSS feed to your favorite reader, or you can join our mailing list from our contact page. If you’ve had a good or a bad experience with a specific California payday loans company, please share it with the rest of us so we can all benefit from the information. Also, if you have any questions about California payday loans, you can ask them here, and either one of our staff or another visitor will answer it the same day. You can also feel free to sound off on the cash advance industry itself, and say whether you feel payday loans are inherently good or evil. This will help provide a well-balanced discussion on California payday loans.

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