See the connection? Every piece of the loan process is serviced by best payday loans California. Customers who are looking for assistance call 2035615104 and speak with a live The Payday King representative. We have your back throughout the entire process.
What does this mean for you, the borrower? Well, firstly that you’re working with one company. Applying with an indirect lender means that your application information is sent to a group of lenders who have an opportunity to earn your business. This sounds great, but for the person applying it means that they are going to start receiving a lot, and we mean a lot, of communications from varying lenders offering their services. While this might sound like you have the opportunity to receive more money, this doesn’t mean approval and also runs the risk of your information getting into the hands of a fraudulent company.
Direct lenders are important because they are held to higher compliance standards at both the state and federal levels. Some loan providers might boast loans up to $1500 in California. This is false. According to California state legislature, it is illegal for a payday loan to exceed $300 including any applicable fees. Other ways to identify state-licensed direct lenders in California is to look for clues on their website. State-licensed lenders like to show off their status by putting that information front and center on their website. Also, another great way to identify these lenders is if their website provides a phone number to speak with a customer service representative. Even if they provide a phone number, you can always call and ask for more information about their licenses.
California payday lending rates & terms .
California Rates and Terms
Online payday loans California, Inc. is an approved short-term lender in the state of California.
Governing Law for California
the loan agreement will be governed by the applicable laws.
Maximum Loan Amount
The maximum loan amount for California residents will be $255.00.
Fees and Charges
your loan fee will be $17.65 per $100 borrowed.
Typically your loan will be due on the next day you are paid that falls between 8 and 31 days away.
If your pay dates fall outside of these ranges, your loan will be due in 31 days.
In accordance with California law, your loan must be paid in full on the due date. Early payoff requests must be received by 6:00 PM Pacific time one day prior to your due date.
Net Pay Advance cannot use the criminal process against a consumer to collect on any deferred deposit transaction. California law only allows each consumer to have one loan with Net Pay Advance at a time.
Using a state-licensed direct lender in California for your online payday loan is the best choice for the smart consumer.