Payday loans California

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Payday loans California

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.

Payday loans California
We give loans in almost all US states
Payday loans California
All processes are online (No paperwork)
We process applications around the clock
Payday loans California
Instant response to the application (but money on the next day only)
Payday loans California
Convenient application form. Loan to improve credit history.

Choose the right amount of money that you want to take

Apply for a loan in 5 minutes easy and fast

1

Filling out the form on the website

2

Quick (simple) credit history check

3

Getting a response

Payday loans California

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.

Why should you take a loan from us?

Where can I get a loan

Payday loans California

FAQ

What is a Payday Loan?

A payday loan is also called a fast cash loan. It is a short-term cash loan that is often below $1,000. This loan usually should be paid back within 30 days or when you receive your next paycheck (which is where the name of the loan comes from). No upfront collateral is needed to obtain such a loan, but the borrower must prove that he has a regular income.

How Much Money Can I Borrow?

The minimum payday loan amount is $100, and the maximum is $1,000. Installment loans are available in amounts ranging from $500 to $5,000, and personal loans are limited to $35,000. Whether a lender will give you the requested amount depends on whether you meet the requirements.

What are the Specifics of an Installment Loan?

The principle of installment loans is the same as payday loans, but the maximum amount, in this case, is $5,000. It is also a short-term loan that does not require collateral for approval, but there is a need for proof of income. Such loans are repayable in scheduled installments, which makes this loan option more flexible.

What is the Difference Between a Personal Loan and a Payday Loan?

The amount of a personal loan can be up to $35,000. Obtaining this type of loan also requires proof of income from the borrower and may not require collateral for approval. The repayment period is longer in comparison to the repayment period of the payday loan.

How Does raccoonloan.com Work?

Our service is not a credit provider. It operates as a trustworthy platform that is designed to connect borrowers and reputable lenders. Our goal is to help customers who want to find third-party lenders. All you have to do is fill out a loan application. We will then match you with the right lender, and you will be sent a loan offer with specific terms and conditions, which you can either accept or decline.

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