Payday loans California
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Why should you take a loan from us?
Whether you’re facing debt or in an emergency, access to quick cash loans can be a huge help to you when you need it most. With the best payday loans, you can get the appropriate interest rates, conditions, and a guarantee that your loan is received from an authorized provider.
Choose the right amount of money that you want to take
Apply for a loan in 5 minutes easy and fast
Filling out the form on the website
Quick (simple) credit history check
Getting a response
Receiving money the next day
Payday loans can be the most suitable solution to situations where you are experiencing unexpected financial difficulties and need a short-term loan for a not that big amount of money. If you have no other option to get the required amount of money before you receive your salary, and you want to get cash on hand as soon as possible, payday loans are exactly what you need.
Raccoonloan.com is a trustworthy and locally recognized payday loan provider that will make it as quick and easy as possible for you to get a loan. Usually, it takes no more than one business day from the day you apply for a loan to issue it.
The basic conditions for such a loan are simple enough – the borrower must meet the following requirements:
- to be older than 18 years;
- to have an official monthly income of at least $1,000;
- to hold a valid bank account with a direct deposit.
But it should be noted that independent lenders may have their additional requirements with which the borrower must comply.
Payday loans specifics in CA
In California, the lending industry is controlled by the Department of Business Oversight. The availability of a lender’s license from this entity is an obligatory condition for conducting credit business. The California Department of Business Oversight monitors creditors’ activities and whether they have a valid license. It also provides disciplinary measures against creditors, monitors lawsuits filed against creditors and so on.
California state laws are very favorable towards the borrowers. For example, the maximum financing charges on a loan there can be up to 15%. Besides, the lender is not permitted to request an additional fee if the client wishes to extend the repayment period or requests a change in the repayment plan.
Each lender is required to provide a business license issued by the Department of Business Oversight along with a schedule of financial expenses.
However, it should be noted that the law of this state limits the maximum loan amount to 300$. Also, the law does not allow a lender to provide a new loan if the borrower has not repaid the previous one.
Please be aware that laws in force in a particular state may change from time to time without notice. Check the information with your lender.
Raccoonloan: connecting borrowers and lenders
Raccoonloan.com is a platform with an unblemished reputation, which is designed to help those who want to get a payday loan to find the most suitable lender for them. If you need money urgently, just contact us. We will help you to get a loan on the most convenient and safe conditions.
Whether you decide to apply online or to contact our managers, we will do our best to ensure that you receive the required loan as soon as possible. Our professional and experienced team is available seven days a week to answer any questions you may have.