Online Payday Loan Policies in California CA

California, known as the Golden State, is one of the most expensive places in the United States. No wonder many citizens experience financial difficulties from time to time. To cover their expenses, they have to borrow money till the next paycheck. And this is where California payday loans from direct lenders appear on the horizon. The easiest way to find these is through Filld.loan.

We take pride in our lending services that offer an easy application process, fast approval, and same day funding. Below, we highlight the features of payday loans you should know before applying for an online payday loan in California.

Payday Loans in California CA

When it comes to payday loans in California, direct lenders can give away up to $255 for a period of 31 days. They can’t charge more than $45 (15%) in fees, which doesn’t seem to be a big sum of money. Nevertheless, the average annual percentage rate for payday loans is 372%. This is a higher rate compared to other loans and credit cards.

Payday lenders in CA often ignore your ability to repay the loan because they get access to your checking account. As soon as the money appears on that account, they will be able to charge the pre-agreed loan amount automatically.

Payday lenders in CA are regulated by the Department of Financial Protection and Innovation (DFPI). Once you find a seemingly good lender, you can contact the DFPI to check its license and history of disciplinary actions. Feel free to file a complaint with the DFPI if you experience any inconveniences.

As a borrower, you also fall under the federal regulations. Any violation of CA payday loans online policies will be treated in accordance with Title 10 of the U.S. Code or Title 32 of the Code of Federal Regulations.

Payday Loan Statutes Working in California

Payday lending services are regulated by two documents – the Civil Code 1789.30 and the Financial Code 23000. According to the state law, all companies that provide lending services should obtain a license from the Department of Business Oversight. Without it, they won’t be able to operate in the state. This measure was taken to protect American citizens from unreliable lenders.

All transactions between a lender and a borrower must be fully stated in a legal contract. This document should involve the information about the loan amount and terms, including interest rates and fees. A borrower is expected to provide their ID card- or driving license number while applying.

Payday Loan Rates, Fees and Other Charges in California

According to the Civil Code and Financial Code, direct lenders can’t charge you more than 15% for every $100 of the loan. If a lender agrees to prolong the repayment period, additional interest is not allowed.

Let’s see how much you would pay for a 100$ loan taken for 14 days. With an APR reaching up to 460%, the loan cost would be $17.64. By the end of the repayment period, you would have to pay back $117.64.

What to Consider Before Getting a Payday Loan in CA

Before getting a payday loan in California, you should first make sure that you meet the eligibility criteria. Don’t forget to check whether you can afford to make full repayments on time.

If you are unable to fulfill your repayment obligation in California, you will see interest added to your debt amount. You will also get your credit score affected. So it is important to borrow as much as you can actually afford to pay back.

How Long Does It Take to Get a Payday Loan in California?

Receiving an online payday loan in California takes as little as an hour. Sometimes it takes up to one business day.

If you submit an application in the morning, you will most likely get your money by the end of the day. So don’t postpone your application if you face an emergency!

Can You Get a Payday Loan in Los Angeles, San Fran, and San Diego?

Yes, you can. People living in different areas of California have the legal right to payday loans. These include the cities of Los Angeles, San Francisco, and San Diego.

Payday loans can be claimed online, which makes the whole process fast and easy. No physical presence in the lender’s office is required.

Where Can You Find a Payday Loan in California?

The market of lending services involves numerous lenders. To borrow a payday loan in California CA, you will need to do your own research. Check the lender’s loan offers, charges, repayment terms, and other policies before making the final choice. Does it sound difficult to you? Nothing stops you from contacting Filld for assistance.

We have the partnership with well-reputed and well-trusted lenders in California. All of them rely on high standards at the state and federal levels. Whether you need $100, $200, or $255, this can be arranged on our website. It only takes a few minutes to fill out an online request form. Then, it takes a few minutes for us to find the most attractive loan offers. We will let you choose the most suitable option.

Once you make your choice, you will receive the requested amount of money deposited into your bank account. This sounds great, doesn’t it? With a couple of clicks, you will sort out your financial problems at least for some time.

Why Use Filld for Payday Loans in California?

If you find yourself in a financially difficult situation, you should consider borrowing some money from direct lenders. Where can you find those? It takes time to search around the market. Instead, you can let us do this job for you.

The experts at FILLD can help you solve your financial problems. Thanks to the cooperation with the most reliable lenders, they get access to the best payday loans in California.

Request a payday loan with Filld and receive a decision in minutes. Your money will land in your bank account within one hour. You can trust us to provide you with great customer service in California.