Cash Advance in CA, USA
We wish to help you!
The reasons why you should choose us:
- The problem of money absence at the right moment is quite familiar to us, so we want to protect you from this trouble.
- All that we offer is a free help.
- Now you have an opportunity to get a cash advance loan much faster and easier than before – just fill out Apply Now form and wait for a couple of minutes.
- You can use the service directly from your apartments! No need to leave your office or home to apply instantly for a cash loan up to $1.000
- After filling out the application, it takes no longer than a few minutes to us to find a reputable lender that can give you a loan on pre-agreed terms and conditions.
- Once proposal will be approved, you’ll be redirected to the lender's page to coordinate the loan terms and rates with the lender.
- Maximum Finance Rate and Fees - 15% of check
- Regulator - California Department of Corporations
- Address - Financial Services Division, 1515 K Street, Suite 200 Sacramento CA 95814
|MIN Loan Amount||$100|
|MAX Loan Amount||$255|
|MIN. Loan Term||8 days|
|MAX. Loan Term||31 days|
|APR for 14-day $100 loan||459%|
California payday loans: all about short-term loans in CA
Life is full of unpredictable twists and turns: today you are all right with your money, and you even manage to save for the future, and tomorrow it suddenly turns out that there is not enough money to pay. California payday loans are an excellent solution to a problem - these are small loans designed for the client to repay in the next few days or weeks. If you sincerely believe that the problems are temporary and that they can be quickly overcome, then this is the best solution.
How Much You Can Borrow?
California state law restricts citizens from obtaining short-term loans quite strictly: according to the current rules, a client cannot receive more than $255 from such institutions. In principle, everything is logical: if you need money literally for a short time, then you don't need more, especially since the interest rate on payday loans is always noticeably higher than that of banks. 255 bucks are not just the upper limit for one quick loan, but the limit for one person in principle. The client will not be able to take another loan if he already has one, so far unpaid. Accordingly, refinancing, which citizens in some other jurisdictions like to indulge in, is not possible in California.
Cost of loan in California
California law stipulates a limit not only for the size of the loan but also for the interest rate that the borrower will be forced to pay along with the body of the loan. Unfortunately, the services of lenders are not free, and because they are not too picky about the credit history of clients and lend with a high risk of default, the rate is usually quite high. Therefore, the authorities have foreseen that the rate cannot be higher than 15%. Given the maximum loan size of $255, the borrower will not overpay more than $45 to the lender.
In fact, quick loans are good for solving temporary problems, and poorly suited for living on them permanently. If you recalculate the 15% rate that the lender can charge the client for a two-week period (14 days), you get about 459% per annum.
What you will need to apply?
First of all, you have to be of legal age, because financial services are not provided to children. The exact conditions for obtaining may vary slightly from company to company, but in general, three conditions are considered mandatory:
- the client has a valid bank account that has recently been used for both exit and entry transactions;
- the client can confirm that he has a stable source of income - that is, that he is likely to give the loan voluntarily within the agreed time frame;
- a valid (not expired) driver's license or State ID is suitable as an identity document.
The fundamental difference between fast loans and a bank analog is that it is much easier to get a loan here. Yes, it is smaller and at a higher percentage, but if your main task is to get money quickly and without unnecessary delays, then there is simply no alternative.
Reason to choose "Payday-Loans-Cash-Advance.net"
The California market for quick loans is filled with offers from various companies, however, not all of them, of course, offer the same loan conditions. By contacting us, the client can count on conditions that will fully satisfy him. We guarantee:
- Convenient location of branches near the clientele, as well as the ability to get a loan online;
- favorable interest rates that do not reach the maximum limit established by law;
- loyalty to each client with a high probability that the loan will be approved;
- quick solution to your problems, very beneficial in a situation where money is needed literally immediately;
- money can be received in cash at a branch or on a card if you borrow it online through the site.
How is my loan date determined in California?
The exact period during which you need to repay the debt depends on the amount and on the specific office that lends. In some cases, the client has the right to choose for how long he takes a loan, but no one will lend $255 with the expectation that you will return it in a few years. California law does not allow payday loans for more than 31 days.
Another thing is that an untimely return is a delay, which technically makes it possible to extend the return period. But this is hardly worth doing because the contract probably contains a serious penalty for those debtors who did not bother to pay debts on time. Catastrophic debtors with many thousands of debts, as a rule, started with a small amount, which simply did not return several times in a row until it grew to serious proportions.
Can I make loan payments online?
This is not prohibited by California law. The principle of quick loans is that money can be obtained promptly, without long trips to ground offices. To provide their customers with such a service, many companies allow borrowing money even remotely - that is, on the site, even through a mobile phone. Therefore, it seems quite logical to be able to return the money in the same way in which it was taken.
However, not all Californian quick loan services are ready to issue funds online and accept them back in the same form today. Before borrowing from a specific company, be sure to check if such an option is available, or you still have to quit all business and go to the branch to avoid delays.
Can I pay off my loan before it is due?
Some time ago, some banking structures had a widespread practice when the client was obliged to repay the debt only on strictly fixed dates - neither earlier nor later. A deviation from this was regarded by the bank as a breach of the loan agreement and could be accompanied by a penalty interest. Fortunately, these days such a policy has almost disappeared because it is strange to consider a violator a person who honestly pays the bills and just wants to get out of debt as soon as possible.
In California today, most lending institutions offering payday loans to clients allow clients to repay previously received funds prematurely. There is almost always no additional fee for this, but please note that you usually cannot save on a faster refund. Interest is charged immediately for the entire period for which your loan is designed - that is, even if you return the money the next day, you will still pay as much as if you had actually stretched the return of funds for all two weeks. Therefore, there is no particular sense in rushing with all your might - you can do it if possible, but this is not necessary.
In any case, it seems reasonable advice to always read the terms of the contract carefully before doing anything. We do not exclude that in California there are still credit organizations that regard early debt repayment as a breach of agreement with subsequent collection of a penalty from the “violator”.
Can I renew my payday loan?
Loan renewals are prohibited by California law. If you have already paid off most of the debt, this does not allow you to receive additional funds in the same (or any other) office until the existing debt is completely closed. In principle, this is logical - with a total debt limit of $255, it is difficult to imagine a person who repays the debt in parts and again borrows within the specified amount.
In fact, the existing government policy is aimed at preventing the public from incurring serious debts, which tend to snowball at high interest rates. This is the right approach, because a payday loan is a backup option in case of sudden short-term financial problems, and this tool should definitely not be used constantly.
Can I extend my loan due date?
If the current financial situation does not allow the borrower to reach the nearest salary without going into debt, then the option is not excluded in which he does not have time to fulfill his obligations to the lender in due time. If you simply overdue the payment, this will result in a large penalty, which will significantly increase the debt burden and complicate the financial situation of a person who is not doing well anyway.
Alternatively, you can negotiate an extension with the lender. Seeing that you are not trying to hide or hide, but rather seek to cooperate, he will almost certainly be ready to meet halfway. Of course, all this is also not done free of charge - you will have to overpay additionally for the delay, plus the interest rate will continue to accrue. Nevertheless, if you do not have an opportunity to repay the debt on time, this is the best option, allowing you not to spoil your own credit history and overpay at a minimum.
It is necessary to negotiate with the lender to extend the loan term in any convenient way - with a personal visit to the branch, by phone, in some cases, this can be done even though your personal account is on the website. The main thing is that the office is guaranteed to be aware of your situation and put forward conditions for extending the loan that is acceptable for you, and you agree with them.
How do I repay my payday loan?
Debt repayment methods may differ depending on the specific office, therefore carefully read the terms of cooperation. Most often, the client is offered the following options:
- write a paper check in favor of a credit institution - this paper will then be transferred to your bank in electronic form, and the structures will make a direct settlement among themselves;
- pay the amount of the debt in cash - for this you need to come with documents to the branch of the credit institution and inform that your payment is aimed at repaying an existing loan;
- You can also pay off debt at a branch using a credit or debit bank card - nowadays, all or almost all microfinance companies have terminals in branches;
- when using the card as a source of refunded funds, you can not even apply to the ground office - in your personal account on the lender's website, you can almost always enter your own payment details and the payment amount, and then confirm the payment using SMS, call or in any other way;
- some credit institutions still accept payment from a bank card during a phone call - this is a good option if you cannot come to the branch in person, but also do not have access to the Internet.
What if I'm unable to repay my loan on my due date?
In fact, the answer to this question has already been given above in the section where we discussed the possibility of extending the loan term. Even if you do not have the opportunity to fulfill your obligations within a predetermined time, this is not a disaster - as long as you are ready to cooperate with a credit institution and do not try to hide from it.
The most correct decision in this situation is to contact the credit institution yourself before the expiration of the debt repayment period and ask to extend it. Any method of communication is welcome - you can come directly to the branch, call the macro-financial organization by phone, or, in some cases, resolve the issue online. The creditor is never interested in litigation and proceedings - it is much more important for him that the debtors simply give them money, therefore he himself will be happy to look for a peaceful way to solve the problem. By reporting your ongoing insolvency and agreeing to pay relatively small default interest, plus interest for additional days of the credit period, you will be out of this situation white and fluffy.
Hiding in this situation is not an option at all, especially since the loan body is only $255 as a maximum. Remember: direct violation of the signed contract puts you outside the law, with all the ensuing consequences. It is unlikely that 255 bucks are worth making a global problem out of them.
What if I default on my loan?
It also happens that the debtor wrote a check to pay off a previously received loan, but the bank refused to pay on it, citing the fact that the account holder simply did not have enough funds. Going far ahead, California law does not provide for jail time for those who do not return their money to a microfinance institution on time. That is, in itself, this is not yet a reason to go to jail, even if the delay has exceeded all conceivable limits.
If we consider a situation in which your check was not redeemed (or you simply could not pay off the loan within the agreed time frame), then the credit institution will charge the violator with a penalty. Its amount fluctuates depending on what kind of organization we are talking about, but in general, the amount of this penalty is not too large if you react quickly and still return the funds on time.
If the deadlines have already been missed, then it would be better to agree in advance on extending the refund period. Without doing this, you will run into sanctions from the creditor, who will first increase the penalty for a long time, and then, if the unscrupulous debtor does not get in touch or simply does not show a desire to do anything to pay off the debt, he will go to court.
Companies issuing payday loans in California
Finding themselves in a situation where there is no other way out but to turn to microfinance organizations for help, each person still strives to find the most profitable offer that will not overpay in vain in a situation where money is so problematic. Each organization offering quick loans will definitely tell on the official website that it is the best, and you should only contact her, but in fact, of course, everyone has both advantages and disadvantages.
ACE Cash Express
A fairly well-known office that allows you to borrow money both in your own branch (and there are many), and online, which is convenient, but no one is particularly surprised. The advantages include the opportunity to take a truly short-term loan, the return of which is calculated literally in the coming days, which means that the interest rate applies only to them. However, most clients agree that this very interest rate for this organization is draconian, and could be somewhat lower. The very site through which money can be borrowed remotely is frankly disappointing in its clumsiness. Finally, in 2014, this firm had problems with the CFPB, and although many years have passed since then, this still casts a certain shadow on the company's reputation.
An established market leader well-known far beyond California, customers are attracted by both brand recognition and quick disbursement of loans and the ability to use borrowed money almost immediately after a microloan is approved. Actually, you will receive money in any way - even on prepaid cards or bank transfers. However, the brand is criticized for the fact that it is not represented in all US states, which is a problem if you often travel around the country and planned to pay back debts by a personal visit to the branch. The interest rate will also please very few people - the company actively uses its own fame to earn even more, on each client. Finally, universal recognition played a cruel joke with MoneyTree - it is with this brand that various scammers, extortionists, and simply collectors who call gullible citizens with demands to pay off debts that they never had, like to hide behind.
This office is appreciated, first of all, for the promptness of crediting funds, whichever way the client chooses to receive them. A microfinance organization is also considered one of the most accessible to clients in terms of communication with it (this will be needed both to take out a loan and to renew it). The administration, by the way, makes contact without any problems and is ready to extend the period for repaying the debt if you find yourself in a situation where there is simply no other way. But the company, like other market leaders, has a typical disease that forces them to raise interest rates simply because they wanted to. In addition, the agreement with this creditor must be read very carefully, because it is spelled out very cunningly and involves a lot of minor violations and conditions, because of which you can pay a penalty repeatedly. Finally, the site also offers different conditions for microcredit in different states, so be careful - make sure that the provisions proposed to you are relevant in California.
Check Into Cash
The branch network with this name has gained popularity largely due to the speed of loan approval and an adequate attitude to the needs of customers. Here, they consider as clients even those whose credit history is not at all rosy and even those who do not have a bank account, which can be considered an unprecedented generosity. The lender is not even interested in how you will spend the money - you become a full-fledged owner of it as soon as you get it at your disposal! At the same time, you probably already guessed why most clients do not advise contacting this particular place - the interest rate here is very high, it allows the lender to quickly enrich himself while making the client impoverished. Many people also dislike the fact that most of the loan products here are designed for too short a return period.
If you want to take a quick loan in California for the short term, make a choice in favor of companies offering truly pleasant and favorable terms!
California Payday Loan Ultimate Guide: What You Need to Know
What is the best and most secure way to get money? Applying for a loan might be a perfect solution to financial emergencies. However, conventional borrowing may turn into a pretty daunting experience with all that paperwork and days of waiting for the approval. At the same time, a poor credit score will certainly appear to be a stumbling block on the way to your financial independence.
California payday loans have proved to be a faster and more reliable solution to urgent budget obstacles. This particular type of financial service is becoming more and more popular among hundreds of American families. The main problem is that cash advances are illegal in some of the states. Luckily for Californian-based citizens, they can access various types of financial help including:
- Installment loans in California.
- Fast Cash Advances.
- Loans for people with Bad Credit.
Those are only a few services you can benefit from. At the same time, you should be well aware of all restrictions and limitations established by California payday loans direct lender and financial institutions. To make it easier for you, we have conducted an ultimate guide containing all fundamental issues you might need to know such as cost and terms of online payday loans California, fees, application procedure, the amount of loan, etc.
California Payday Loan Customers’ Disclosure
Before we dive deep into payday loan details, let’s have a closer look at the service. Most consumers are used to conventional types of loans. Mainly provided by banks and financial institutions, they require lots of documents to submit in addition to a flawless credit score and days of waiting until approved.
Payday loans appeared to be a faster alternative for those who urgently need some cash and ready to repay within a shorter period that does not exceed 14 days. The key advantages of a payday loan are as follows:
- No paperwork.
- Online application.
- Fast approval (usually 24 hours).
- Direct money transfer.
- Credit score does not matter.
The service is a perfect solution for people with less than flawless credit score, which can be a serious obstacle when applying for a loan at the bank.
Despite all benefits, borrowers should consider higher interest rates and APR. In other words, such a loan will cost you more than a traditional one. At the same time, choosing a lender can also be a tough challenge. On the other hand, fast cash advances can be used as effective instruments to repair the credit score and quickly cope with slight financial emergencies. Opt for 255 payday loans online California and get necessary cash almost instantly!
Are Payday Loans Legal in Cali?
Yes, they are. Californian-based US citizens are not prohibited to apply for such types of loans. The terms, costs and interest rates may be different from state to state. From this point of view, Californian lenders provide a bit limited financial capabilities to their customers.
Unlike in many other states, borrowers are not allowed applying for more than $300. It is actually the maximum sum you can count on. On the other hand, it is still a great alternative to traditional loans especially if you need a couple of hundreds to pay for the bills.
Terms of Loan
Although most lenders offer 14-day cash advances, it is legal to apply for the 31-day loan period. However, the maximum term must not exceed that period. Well, borrows will hardly face difficulties when repaying up to $300 within a month. As a rule, the bill is divided into two parts. Make sure you have money to repay for the first time in 14 days and then cover the bill when the term expires.
Cost of Loan
Most borrowers have their backs against the all when it comes to fees, interest rates or APR. Most of them fail to calculate the exact sum they need to repay. Moreover, some lenders establish hidden fees and extra charges for their services. You have nothing to be afraid of. The pricing policy in California is very clear and simple. The costs are as follows:
- A lender is allowed to charge a fee that does not exceed 15% from the loan.
- The maximum finance charge is up to 17.65% (for a 14-day loan with the amount of $100).
- As for APR, it should never be over 459%
Additional charges usually include:
- A collection fee – a charge in case of insufficient funds. It does not exceed 15%. You should pay it only once even if you are late with the next payment.
- A rollover fee – charged by lenders in case of payment plan extension.
The system is pretty clear in case you opt for direct lenders. The situation with brokers can be quite different, as they act as intermediaries between a borrower and a lender. They can charge additional commissions for their services.
Payday Loan Brokers vs Direct Lenders
Direct lenders are the fastest and safest way to get cash and forget about all financial troubles at least for the next month. The name of the term speaks for itself. You get the money directly from the lender without any third parties or subsidiaries. Direct lenders always follow state legislation and laws that refer to payday loans application procedure.
On the other hand, we have brokers who act as intermediaries linking borrowers with suitable lenders. A good thing about such brokers is the ability for borrowers to choose from a wide range of lenders with different interest rates and loan costs. A bad thing about brokers is the fact they establish hidden fees and commission for their services.
Both variants are 100% safe in terms of law and legislation. So, it is up to you to decide, which service is better for you. However direct lenders will let you save a couple of bucks, which can be vital when facing serious financial troubles.
Things to Consider when Opting for Payday Loans in California
While payday loans are becoming more and more popular, hundreds of companies go online to offer their financial assistance to people who are in need. Choosing a proper website can be daunting especially for those who have never accessed such loans before. Numerous websites offer bonuses, discounts, special offers, etc. They snow customers under with useless information. It can be hard to sort out worthy lenders.
Here are some vital issues to consider when choosing a company:
- Reputation on the web – read reviews and testimonials by previous customers. Reputable companies have the testimonial page on the website or you can surf the net.
- License – use official state sources to check the company is licensed to provide financial services.
- Contact info – you should think twice if there is no detailed contact information on the website. It should contain at least phone number and real address.
- Digital security – pay attention to some obvious features like SSL encryption, Privacy Terms and other things that prove a lender cares about customer’s digital safety.
All you need is to pay attention to details in order to figure out if the website is safe to apply.
How Long Does It Take to Apply?
Modern technologies made cash advance services faster and easier to access. Customers can complete the process online without leaving their apartments or offices. All they need is to submit necessary info and copies and wait for the approval.
The approval time usually depends on some basic factors such as:
- The level of your monthly income. You should meet at least the minimum requirements to get approved.
- The amount of the loan. Applying for a 14-day $100 loan can be faster of compared to a 31-day $250 loan.
Lenders may consider some other factors in order to evaluate your creditworthiness. Luckily for borrowers, credit score is not the issue to be afraid of.
When Will I Get My Money?
Online payday loans let borrowers apply any time of the day despite the location. To be approved, you might need to meet some baseline requirements. They may slightly differ from lender to lender while the fundamental standards are generally the same. A borrower should:
- Be over 18.
- Be a US-based citizen.
- Have a steady job.
- Have a minimum required income.
- Have a valid checking account.
If you satisfy the lender’s requirements, you will be approved within 24 hours. In some cases, it may take a bit longer. Good news is that you will get your money directly to your account almost instantly after the approval.
How much can I borrow in California?
Although payday loans in California do not let borrowers apply for more than $300, they are still a better alternative to long-lasting conventional loans. The main benefits include:
- Direct loans from reliable licensed lenders.
- Almost instant decision round the clock online.
- A bad credit score is OK.
- Ease of use and no paperwork.
In addition, a cash advance will help you rebuild bad credit in case you plan to borrow later.