Payday Loans in Davis, California
Payday loans in California are legal and can be helpful when it comes to financial shortfalls. While there are other forms of short-term loan options, like title loans, payday loans can be advantageous due to their fast processing time and shorter loan terms. This guide provides an overview of payday loans in Davis, California, including regulations and lenders available to access payday loans.
What Are Payday Loans?
Payday loans, also known as cash advance loans, are short-term loans that customers can use to access funds quickly. Loans are typically for amounts between $100 and $1,000 and are expected to be repaid within two to four weeks, depending on the loan’s term. Collectively, customers seeking payday loans must meet certain criteria, including having a steady source of income and an active bank account.
Regulations for Payday Loans in Davis, California
The payday lending industry in California is regulated by the Department of Business Oversight (DBO). Under their regulations, lenders may charge a maximum of 15 percent on the loan amount, or $45, whichever amount is less. Payday lenders must also be registered with the DBO and comply with California’s anti-deficiency laws.
Payday Loan Lenders in Davis, California
There are several payday loan lenders available to customers in Davis, California.
- Speedy Cash: Speedy Cash offers payday loans both online and in-store, and you can apply online for a loan amount of up to $255. They have a number of convenient locations in the area.
- California Check Cashing Stores: California Check Cashing Stores is a reliable lender for payday loans with locations throughout Davis. They’ll lend you up to $255 on a payday loan.
- Check Into Cash: Check Into Cash offers payday loans of up to $255 and same-day approval. They also provide installment loans up to $2,500.
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At TheGuaranteedLoans, we provide our customers with the best loan options. We work with lenders across the country to secure the best interest rates and terms for your loan. We are not a lender, but we have a simple application process to connect you with lenders for your payday loan.
FAQs
Are payday loans legal in California?
Yes, payday loans are legal in California and regulated by the Department of Business Oversight (DBO).
How much can I borrow for a payday loan in Davis, California?
Payday loan amounts vary by lender. Generally, most lenders will offer payday loans up to $255.
What information do I need to obtain a payday loan in Davis, California?
To obtain a payday loan in Davis, California, you typically need proof of income and an active checking account.
How long does it take to receive a payday loan?
Payday loans can typically be processed and approved the same day, with funds deposited into your bank account soon after.