Payday loans in California are best when you need a short-term loan immediately but are confident about paying it off along with the high interest rate. Payday loans are also popular in this state by the following names:
Both storefront and online pdls are legal in California as long as they’re licensed in the state. They need to be approved by Department of Business Oversight in California to be considered as legal.
Status: Legal (Cal. Fin. Code §§ 23000 to 23106)
Do you know that California Department of Business Oversight warns consumers against online payday loans? Curious to know why? Find out on your own:
Why do so many experts suggest to avoid California check cashing payday loans? It’s because there are 4 reasons behind them and these are:
Can you get payday loans in Sacramento California?
There are various lenders who promote California budget payday loans in Sacramento. These are nothing but false promises just to lure you. Yes, you can definitely get fast cash but be prepared to pay a high interest rate.
What can you do when lenders violate the pdl laws?
You can get in touch with the Department of Business Oversight at www.dbo.ca.gov
You can also call at their toll free number - 1-866-275-2677
You can report the matter to California State Attorney General
What if you really have to take out a pdl?
In that case, you need to take the following steps: