Cash Advance Payday Loans in Los Angeles, CA. Emergency Loans No Hard Credit Check

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Los Angeles Payday Loans

Most of us face emergency cash needs that leave us with very little time to figure out how to deal with them. So, if you are struggling financially and need a fast online loan, read on and learn more about possible options. Use our site to learn about cash advances and loans online in Los Angeles.

Los Angeles Payday Loans Near Me and Why You Might Need One

A sudden cash shortage can be even worse than long-term debt. But the best thing about short-term loans is that they can help you get rid of your immediate emergency right away.

How to Get a Payday Loan in Los Angeles?

The process of requesting a loan is simple and fast. You complete a short, secure form and hit the ‘submit’ button, and get an answer in 90 seconds or less. There is no cost and no obligation. More than 80% of requests are approved, but not all.

Other Considerations

There are certain things to consider once you have applied for and received a payday loan:

  • Once you get the loan, you must pay it back as required by your loan agreement.
  • If your due date comes and you are not able to pay, the lender may let you change your due date to a later one.
  • Late payment usually results in an additional fee.

States like California place limits on the interest of a loan. Many states have regulations that limit the APR for short-term loans to 36%, while most other states allow higher rates. See below for California regulations.

Is a Payday Loan in Los Angeles a Good Option for Me?

Los Angeles payday loans are just a temporary solution when you’re in a tight spot. They should not be relied on as a regular financial solution. We strongly advise you to only get one payday loan in California and pay it back on time.

Reasons to Get a Los Angeles Payday Loan

There are an endless number of reasons why you may need emergency cash. But if you found yourself in one of these situations, CashinaMoment is at your service.

  • Your bank didn’t give you a loan

    No one is shielded from a personal financial crisis. But getting a bank loan or a mortgage loan modification is not easy and often takes weeks or months to process. Obtaining a quick loan for a short term period to cover any sudden expenses is much faster.

  • You struggle to cover your utilities, rent, bills, and groceries

    In fact, these are probably the principal reasons why you may need a quick loan. About 60% of people in America use small cash advances to manage everyday expenses or urgent needs. These expenses can include credit card payments, utilities, rent, and groceries.

  • You don’t want to borrow from your relatives and friends

    Some people are not comfortable asking friends or their families for financial aid. If this is you, then online payday loans in Los Angeles can help you get some cash to deal with your problem without getting others involved.

  • You need to satisfy a debt that can cost you a lot if it is unpaid

    One simple example is a utility bill. Utilities often shut off unpaid customers and then charge penalties, interest, setup fees, new deposits and other fees that can add up to $1,000 or more. A small loan can often pay the bill and save you money.

Are Payday Loans Legal in Los Angeles, CA?

Payday lending is legal in California. California allows a $300 maximum loan amount on payday loans offered in the state. Payday loans can be taken for a period of no longer than 31 days with the maximum finance charge of 15% for every $100 borrowed.

How to Qualify for Los Angeles Payday Loans

To qualify for an online payday loan in California, you must:

  • Be a current resident of California
  • Be at least 18 years of age
  • Have a regular source of income, preferably at least $1200 per month
  • Have an active bank account
  • Have an active email address and a valid contact number (cell phone is fine)

California Payday Loans: Law & Stats

According to the state law of California, payday lending is legal.

California imposes a $300 amount limit on payday loans offered in the state. Payday loans can be taken for a period of no longer than 31 days with the maximum finance charge of 15% for every $100. No additional charges are allowed for an extension of a loan. No rollovers are allowed, and there are no cooling-off periods between 2 consecutive loans. Only one outstanding loan is allowed at any time. A $15 NSF fee is allowed for non-payment or bounced checks. Criminal actions in all cases are prohibited.

Los Angeles, California Payday Loan Regulation Summary

Legal Status Legal
Max. Interest Rate (APR) 460% (369% on average in 2019)
Minimum Loan amount Not Specified
Maximum Loan Amount $300
Minimum Loan Term Not Specified
Maximum Loan Term 31 Days
Number of Rollovers 0
Number of Outstanding Loans 1
Cooling-off Period None
Finance Charges $17.64 per $100.00 | 15% of the amount advanced (up to $45) plus a small setup fee
Statute of Limitations 4 years

California Payday Lending Statutes

All the regulations concerning payday loans are detailed in the following 2 documents – the Civil Code 1789.30 et seq. and the Financial Code 23000 et seq.

It is also required that all loan transactions between a lender and a borrower must be detailed in a legal agreement/contract. This agreement should contain information about the loan amount, terms and conditions, interest rates, and finance charges.

A payday loan agreement must be provided in the language that was primarily used during the discussions with a lender.

Loan Amount in California

California state law allows payday lending in an amount not exceeding $300.

Rates, Fees, and Other Charges in California

Finance charges and fees should not exceed 15% for every $100 of the amount advanced. There is a small processing fee allowed.

According to the law, additional interest is not allowed if a lender willingly agrees to prolong the payment.

Example Only

How Much Would a $100 Payday Loan Cost?

With a 14 day term:

Loan cost: $17.64

Total Amount due: $117.64

Payday Loan Terms in California

Extended Payment Plan

A lender has 2 options:

  • Licensed lenders may defer any deposit of customer checks up to no more than 31 days. The lender has the right not to satisfy this request (by law).
  • To approve a customer request for an EPP, but additional fees are not allowed; a lender has the right not to satisfy this request (by law).

Consumer Information

  • No criminal action against a customer who enters into a deferred deposit transaction is allowed. Any criminal penalty for the failure to repay is prohibited in California.
  • In case a check is returned unpaid, an additional maximum fee of $15 for non-sufficient funds (NSF) is allowed.
  • In case of the check return due to insufficient funds, a lender is also not allowed to take any criminal action against the borrower.
  • One person is allowed to take one payday loan at a time and should repay it in full before requesting another one. Rollovers are not allowed and all charges for extensions are considered illegal.
  • Borrowers are also prohibited to get one loan to repay another one.
  • Lenders in California are strictly prohibited from giving extra loans to customers who have not repaid the previous one.

The Benefits of Getting a Los Angeles, California Payday Loan at CashinaMoment

Here are the benefits you get if you choose CashinaMoment:

  • Quick and convenient forms

    The main problem with large, traditional lenders is the time you usually waste applying for a loan. When every minute counts, completing a long and hard to understand loan form is the last thing you want to do. Thanks to our short and secure forms, you can apply in as little as two minutes and get an answer in 90 seconds or less.

  • Fast approval

    Working with, more than 80% of requests are approved by our licensed, direct lenders. CashinaMoment is not a lender but a service to assist you by providing the best chances of approval via our 100+ lenders. Most lenders will deposit an approved loan in just one (1) business day. Unfortunately, almost all lenders are not able to provide you with funds the same day you apply.

  • Apply from anywhere

    No more questions, like “Where can I find the best lender near me?”. You’re free to apply for an online payday loan in Los Angeles, California directly from your home, workplace, restaurant, or even a traffic jam. All you need is a smartphone or computer with internet access. If the application you sent is approved, you will be connected directly to your lender to review the loan terms and conditions.

How to Request Online Payday Loans in California (CA)

The easiest and best way is to complete your request online; our short loan request form is secure, easy, and fast to complete. All your information is secured by the latest encryption technology, and we never sell your data to other service providers.

Usually, it only takes 2-5 minutes to complete a request. And you will get an answer even faster. Also, you are not obligated to accept a loan offer.

Are there other types of loans in California?

Auto title loans are allowed in California. They often have high-interest rates, but loan size is often larger. The risk is greater because you can lose your vehicle if you miss a payment. So do your research if this is the type of loan you wish to consider.

What Are the Benefits of Los Angeles, California Payday Loans?

Here are 5 reasons why you can benefit from getting California payday loans:

  • You’ll receive your cash fast

    You normally get your approved loan amount in one business day. Be sure to confirm with your lender when the cash will be in your bank account.

  • You’re free to spend the money on whatever you need

    Yes, once you have your loan, you are free to spend it in any way you wish. We strongly recommend you use any short-term loan for emergency purposes only and pay it back on time to avoid any additional fees.

  • No hard credit checks

    Need a no credit payday loan in LA? Payday lenders do not do hard credit checks. They do not focus on poor or bad credit history. Instead, they look to your recent and upcoming income as an indicator of your ability to repay your loan.

  • You can always count on a direct lender if you have no other options

    If you are in a tight financial situation, and there is no other option, consider getting a payday loan online.

  • Quick loan is easy to obtain

    As we said, payday loans do not require you to have a good credit score. Every person, who meets all the requirements set by lenders, is eligible for a short-term loan.

Cities We Serve in California: Sacramento, CA Payday loans | Los Angeles, CA Payday loans | San Diego, CA Payday loans | San Francisco, CA Payday loans

FAQs : Los Angeles Payday Loans

Los Angeles payday loans are a temporary solution when you’re in a very tight spot. They should not be relied on as ongoing financial tools. Repay the cash advance on time and avoid additional charges.

In California, you have up to 31 days to repay your loan. However, every lender can have repayment terms that are shorter than 31 days. Ask your lender any questions about your repayment date or other terms and conditions of the loan before you accept it.

Always check to see if you will be able to afford to make the loan repayment on time.

In Los Angeles, if you are over the age of 18, you can apply for a payday loan. You must have a social security number, a valid driver's license or state issued ID, proof of income, and a bank account.

You can have just one payday loan at a time in Los Angeles. The loan must be paid in full before you are eligible to request another one.

When you request a payday loan, you agree to repay it on a set date. Your lender will automatically deduct the amount due from your bank account on your specified due date.

Yes. Lenders require an active checking account, so they can deposit your cash advance into your account as well as receive payment on your due date.

Here are some common benefits:

  • Fast approval & processing

    You have an urgent need, and this is the only kind of loan where you can obtain money in as little as one business day.

  • No hard credit checks

    Even your bad credit is not an issue for Los Angeles payday loans.

  • No impact on your credit scores

    With no hard credit check, you do not need to worry about your scores decreasing because you applied.

  • Easy and Fast

    Apply for a loan online with a simple qualification and understandable application form. Often less than 5 minutes to start.

  • ASAP

    You can obtain your money in as little as 24 hours after approval.

  • Security

    Heavy encryption technology helps keep your information protected. We do not share your personal information with third parties.

No. Rollovers are not allowed in California.

The money is deposited directly into your bank account if your loan request is approved.

In Los Angeles, you can expect to pay $15 per $100 borrowed up to a maximum of $45. There is also a small processing fee.

No. Criminal charges are prohibited in the state of California and nationwide. However, if you default on your loan, the lender will likely turn your account over to a collection agency. The collection company may file a civil case against you to recover the unpaid loan amount.

Luckily for you, lenders must be licensed in California and meet standards set by the state and enacted into law.

You complete and submit the form for a payday loan with CashinaMoment online in just minutes. Just do it from your laptop or smartphone. When you submit your request, you will need to know your phone number, address, email, and checking account information.