Payday Loan 
Title Loan 
Personal Loan 
Business Loan Payday loans are a type of short-term borrowing that is becoming increasingly popular all across America, particularly in states like California. In particular, payday loans are legal in Manton, California, and are frequently used by people in the area who need quick access to cash.
What are payday loans?
A payday loan is a type of short-term borrowing for small amounts of money up to $1000, typically due on the borrower’s next payday. These loans are often used to cover unexpected expenses, such as car repairs, medical bills, or other emergencies.
Payday loans are often attractive to people who need quick access to cash because they do not require a credit check and can be approved within minutes. Additionally, borrowers typically do not need to provide collateral like they would with a traditional loan.
How do payday loans work?
To apply for a payday loan, borrowers typically complete an application online or in person at a lender’s storefront. The application requires basic personal and financial information, such as the borrower’s name, address, and income.
If approved, the loan funds are usually deposited into the borrower’s bank account within one to two business days. On the due date, the lender automatically deducts the loan amount plus any fees from the borrower’s bank account.
What are the fees and interest rates on payday loans?
Payday loans often come with high fees and interest rates, which can make them a costly option for borrowers. In California, the maximum loan amount is $300, and lenders can charge a maximum fee of 15% of the total loan amount. For example, if a borrower takes out a $300 loan, the lender can charge up to $45 in fees.
Additionally, payday loans in California can have a maximum interest rate of 36%. This means that if the borrower takes out a loan for $300, they could end up paying back $408, including the fees and interest.
What are the risks of payday loans?
While payday loans can be a convenient way to access quick cash, they also come with a number of risks. Because they are short-term loans, they often need to be repaid within a few weeks, which can be difficult for many borrowers who are already struggling to make ends meet.
Additionally, payday loans often have high fees and interest rates, which can make them difficult to repay. Borrowers who are unable to repay their loans on time may face additional fees and charges, as well as damage to their credit scores.
Interesting facts and statistics about payday loans in Manton, California
- California has more payday lenders than McDonald’s locations and Starbucks coffee shops combined.
- In California, the average payday loan is $250, with an average fee of $44 per loan.
- In Manton, California, there are currently no payday lenders operating within the city limits.
- The closest payday lenders to Manton are located in nearby cities like Red Bluff and Anderson.
Apply now for a payday loan in Manton, California
If you are in need of quick cash in Manton, California, TheGuaranteedLoans can help you connect with a lender who can provide a payday loan to meet your needs. Our online application process is fast and simple, and we can usually provide you with a decision within minutes.
It is important to remember that TheGuaranteedLoans is a connector service, not a direct lender. This means that we will facilitate your connection with potential lenders, but we do not make lending decisions ourselves.
To apply for a payday loan through TheGuaranteedLoans, simply fill out our online application form and submit it for review. We will then work to connect you with a lender who can provide you with the cash you need, when you need it.