Editor's choice: Check Into Cash Payday Loan
- Safe, secure application
- Use the money for any purpose
- Receive funds as soon as next business day
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
If you have less than perfect credit and find yourself in a financial emergency, you might be looking for an alternative to traditional bank loans. A payday loan, or cash advance, could get you through this rough patch, but understanding how these types of loans work is important. This guide will give you the information you need to make your decision. The most important thing to keep in mind is that a payday loan is a temporary fix, not a long-term solution.
Yes, cash advances, also referred to as payday loans, are legal in California. The California Deferred Deposit Transaction Law sets regulations that govern the functioning of all cash advance providers here. Some of the regulations include:
A payday loan, also known as a cash advance, is a short-term personal loan (typically $500 or less) that usually must be repaid in full within two weeks to a month. The repayment date is determined by your pay schedule. Because payday loans come with steep finance charges, it is not a long-term solution, but a temporary fix to an unexpected financial situation. Rules and regulations for payday loans vary from state to state, and are even not permitted in some states.
Here’s why California cash advance loans continue to remain popular:
If you get a cash advance in California, know that state laws have restrictions in place to protect the interest of borrowers. Here’s what you may have to pay in different scenarios:
You can apply for a cash advance online or by visiting a store. In both cases, you have to meet some eligibility criteria, which includes:
Completing the application successfully requires that you provide this information:
Reduce your debt by around 30% after fees — but only if you can stick with the program. Here’s how.
Small cash advances perfect for avoiding steep overdraft fees.
Here are our top balance transfer picks for 2021.
Solid option for those with Empower memberships. Not the right choice for everyone else.
You can find a 5% interest savings account in 2021. But find out if it’s worth it here.
Looking for a professional carpet cleaning service to remove stains and revive your carpet? Read our guide and learn how to find a reliable service.
Features and fees to consider before you open an account with this trading platform.
California’s licensing requirements make it easy to find a legit company. Here’s how.
Find out when you can enroll in health insurance for 2021, and compare policies.
Find out if your business can qualify for this simplified application form.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.