California Cash Advance Consumer information

Payday Loan usage info:

5% (five percents)

Short term loan permit:

Authorized

Legislation:

Civil Code 1789.30 et seq.

Maximum loan amount:

300$ (three hundred dollars)

Cash loan period:

Maximum loan term is 31 day.

Fees:

Charge for late payment has to be not more than fifteen percents of the nominal amount of the check.

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California unemployment rate is at 5.3 percent as of January 2006. In a more vivid figure, this equates to 936,336 Californians who were out of job in 2006. But this number is actually an improvement from the previous year’s records that indicate a 6.2 percent unemployment rate. California’s rate of unemployment has not moved more than 3 points for the past ten years.

Although this means a somewhat stable statistic, many people still cannot avoid experiencing a pinch on their budget. We understand how at times, you may experience some cracks in your finances. You are not alone and the good news is that we can help you.

How We Can Help

Do you need additional cash but you cannot afford to wait for the arrival of your next paycheck? If you need some extra cash for emergency expenses, this is just the place to be. You can get access to your much needed funds within a few minutes. All you have to do is complete the payday loan application and we will have the amount deposited to your bank account in as fast as one business day. That’s how simple and easy we make things for you.

The Payday Lending Industry in the State of California

The California payday loans industry is growing at a steady rate. In 2003, the state recorded more than 3,000 payday lenders. Because of the increasing demand for these services, the payday lending industry is thriving not just in this state but across the nation. And for this reason, the state of California has come up with laws regulating the practices of this industry. This is ultimately an effort to protect the best interest of the borrowers.

California Payday Lending Laws

The payday lending industry operates legally in this state. To keep predatory lenders at bay and to protect your best interest as a borrower, the state of California lays out certain rules. For instance, you should not be charged more than a $3 fee for a loan amounting to more than $50. For a payday loan that exceeds $50, you should not be obliged to pay over $5 in fees. All payday lenders in California are not allowed to charge borrowers more than 15 percent in interest.

Legislation Make it Safe to Use California Payday Loans

This legislation has been in place since 1996. It has been working to protect borrowers from unlawful and unfair practices of check cashers. Below are some of the highlights you need to know about this legislation.

• Payday loans can be provided to customers for as long as a post-dated check is presented for the advance.
• Lenders are allowed to charge fees for the service.
• Cash advance providers should not hold on to checks for more than 30 days before the said check is deposited.
• Transactions between the payday lender and borrower must be clearly stipulated through a written agreement.
• The written agreement must clearly identify all the conditions the transaction entails. Such include a full disclosure of the amount of fees.
• A limit of 15 percent is set for the amount of fees a lender can charge to its borrowers.
• A lender cannot charge a borrower more than 3 percent of the payroll or the government check’s face value provided the borrower presents valid identification.
• A violation of this legislation shall subject the lender to fines with amount equivalent up to $2,000.

What Else You Need to Know?

California payday loans legislation also provides the following as further guidance to lenders and borrowers most.

• A payday loan lender in California must secure a business permit from the Attorney General’s office to legally operate business in this state.
• A borrower must not be issued another loan if a previous loan is yet to be paid in full or closed.
• Lenders are not allowed to open another payday loan for a customer who has not yet settled a previous loan.
• Existing agreements must be closed or paid in full before a succeeding loan agreement is entered into.

Now that you are fully aware of your rights, here is what we can offer you. If you need fast skytrailcash to settle your financial obligations, we are here to lend a helping hand. We help you face a financial crunch by providing you with what you need the most. That is immediate cash.

Why Choose Our Services Out of the 3,000+ Payday Lenders in California

Aside from the fact that we operate a legitimate business, we provide a solution to your financial problem. You do not have to wait until your next paycheck. Whether you need the extra cash for settling late bills, for making necessary purchases, or for taking care of emergency repairs, we are here for you.

We Offer Convenient, Fast, and Reliable Service

We provide professional and innovative solutions for California residents who require some help in the area of financial management. We understand these little hiccups on your finances can really stress you out and that is why we make it quick and easy. We always exert effort in providing a pleasant rather than a stressful experience to our clients. And we make an effort to outdo and outperform other payday lenders.

With us, you are assured of fast, easy, and efficient service. We value your time and we respect your concerns. We make California payday loan application simple. And we also make it a point to provide instant approval for the loan applications we receive. We also guarantee security. Transactions are kept confidential as we respect your privacy.

If you are in dire need of help and you want to free yourself from pending financial obligations as soon as possible, do not hesitate to visit our page. Put your worries to rest and let us help you cover what you need to settle. Choose convenient, fast and reliable service. Choose us.

CALIFORNIA DEPARTMENT OF CORPORATIONS
Toll-Free 1-866-ASK-CORP (1-866-275-2677)
TTY 1-800-735-2922
WEB: www.corp.ca.gov

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