California Payday Loans

Payday loan regulations in California are fairly strict. The state of California limits the amount of a payday loan to $300. The maximum amount of interest that a lender can charge is 15% per week. For example, if a borrower takes out a loan for $100, the maximum finance charge they will pay is $15. Payday loan companies in California are not allowed to loan any additional money to borrowers until their initial loan is paid back. California also regulates that the terms of the loan must be presented clearly, and must be given to the customer in the same language that he or she used when applying for the loan originally.  Though it is hard to regulate, borrowers should not have payday loans taken out with more than one lender at a time.

Find a lender near you in cities like Oakland, Los Angeles, San Diego, San Francisco, and Sacramento.

Loan Term

In California, the maximum length of a payday loan is 31 days.

Are Loan Renewals or Rollovers Permitted?

In California, loan renewals, also known as rollovers, are not permitted. If a lender chooses to extend the loan terms for a borrower, they are not allowed to charge any additional fees.

Criminal Action

It is prohibited for a lender to take any criminal action against a borrower for unpaid loans.  Most states permit lenders to pursue criminal action if a check is returned for insufficient funds however this is not the case in California.

Advance Payday
6767 West Sunset Boulevard Suite 24
Los Angeles, CA 90028
Commercial Check Control Inc
7250 Beverly Boulevard Suite 200
Los Angeles, CA 90036
Tri Counties Bank
5201 California Avenue Suite 102
Bakersfield, CA 93309
Check N Go
2207 South Sepulveda Boulevard
Los Angeles, CA 90064
Payday Cash Advance
2207 South Sepulveda Boulevard
Los Angeles, CA 90064
A Advance Cash N Run
759 South La Brea L A Mid Wils
Los Angeles, CA 90001
30 Day Cash Advance
4090 El Cajon Boulevard Suite B
San Diego, CA 92105
Ace America's Cash Express
1805 North Cahuenga Boulevard
Los Angeles, CA 90028
PeopleFirst Finance
402 West Broadway, Suite 1200
San Diego, CA 92101
Any Kind Check Cashing Centers
3998 South Figueroa Street
Los Angeles, CA 90037

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California Loan Statistics

Pay Schedule
Average Loan Average Age Weekly Bi-Weekly Monthly Twice Per Month Home Owner Renter
2012$6004211%42%29%18%20%80%
2011$5304010%43%27%20%18%82%
2010$5574010%43%28%19%19%81%