Payday loans in California 2018: calculator, legal info, detailed review in each city

Page last reviewed: 20 July 2018

Contents:

  • Loan calculator – compare 25 companies in California;
  • Legal information – consumer rights and obligations of lenders;
  • Payday loan help – what to do if you are in trouble;
  • Cities – detailed review of payday lenders in biggest cities in California;

Payday loans calculator

 

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Legal information

Important features of California payday lending laws:

  • A payday lender may only make you one loan (which cannot exceed $300), and may only charge a maximum fee of 15% of the total amount of the check (up to $45). As a result you can receive no more than $255. Additional fee restrictions apply for military servicemembers.
  • A payday lender cannot make you a new loan to pay off an existing loan.
  • A payday lender cannot make you a new loan while an existing loan is outstanding, even if the combined balance of the existing loan and the new loan does not exceed $300.
  • If your check bounces, the payday lender may charge only one bounced check fee (up to $15). (Be aware – your bank may charge you additional fees for insufficient funds.)
  • Additional fees cannot be charged if you request an extension of time or payment plan. However, the payday lender is not legally required to grant your request.
  • A payday lender cannot threaten to prosecute you in criminal court for insufficient funds.

 

Summary of consumer rights could be found here.

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Payday loan help

If you need help or suspect violations of the law, please contact the Department of Business Oversight.

Also you can visit the National Foundation for Credit Counseling (NFCC) or call Toll-Free 1-800-388-2227 for assistance with credit problems and creditors.

 

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Cities

For detailed review of payday lenders in each city, please click the link:

Anaheim

Bakersfield

Chula Vista

Corona

Elk Grove

Escondido

Fontana

Fremont

Fresno

Fullerton

Garden Grove

Glendale

Hayward

Huntington Beach

Lancaster

Long Beach

Los Angeles

Modesto

Moreno Valley

Oakland

Oceanside

Ontario

Orange

Oxnard

Palmdale

Pasadena

Pomona

Rancho Cucamonga

Riverside

Roseville

Sacramento

Salinas

San Bernardino

San Diego

San Francisco

San Jose

Santa Ana

Santa Clarita

Santa Rosa

Simi Valley

Stockton

Sunnyvale

Torrance

Vallejo

Victorville

Visalia

 

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Summary
Article Name
Payday loans review in California
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