Payday Loans

At California Cash, we have the best payday loan rates in Los Angeles County! Don’t fall for internet sites that can charge you an arm and a leg. Not only do we have the best rates, but our staff is friendly and courteous. You can get the best payday loans anywhere.

Who We Are

We are located at 1223 W Carson Street in Torrance, California (310) 787-7587. We are located across from the Harbor UCLA Hospital. Right across from Starbucks in the parking lot.

Who Regulates Us

We are  licensed by the Department of Business Oversight pursuant to the California Deferred Deposit Transaction Law and Finance Lenders Law.

Industry Best Practices

We are members of the California Financial Service Providers and follow the industry guidelines. We follow their guidelines faithfully.

What Is A Payday Loan

Payday loans are meant to be short term and used for emergency situations only. We are different from a bank loan in that we only charge a fee based on the amount that you borrow.  The maximum allowed by the State of California is $300.

The loan agreement is governed by the applicable laws of the state of California.

Maximum Loan Amount

The maximum Payday Loan amount at CC California Cash is $258.50.

Terms of Loan

Generally, your loan will be due on your next pay date.

Refinance, Extensions and Rollovers

Your loan must be paid in full by the due date and that is in accordance with California law. Once your loan is paid then you are eligible to loan again. There is no extensions, rollovers, or refinance allowed.

Rate and Term Chart

ADVANCE AMOUNT
(Amount Financed)
FINANCE CHARGE
(Cost of Loan)
CHECK AMOUNT
(Total of Payments)
APR **                       APR **
LOAN TERM
(14 days)
LOAN TERM
(30 days)
$100.00 $16.00 $116.00 417.14% 194.66%
$150.00 $24.00 $174.00 417.14% 194.66%
$200.00 $32.00 $232.00 417.14% 194.66%
$258.50 $41.50.00 $300.00 418.55% 195.32%

 

** ANNUAL PERCENTAGE RATE: The APR is the cost of your loan expressed as a yearly rate. The above APRs are based on example loan terms of one payment (“Check Amount”) due in 14 or 30 days. The APR will increase if the actual loan term is shorter than these examples, and will decrease if your loan term is longer.

RETURNED CHECK POLICY: Checks that are returned to use after deposit are charged a one time fee of $15.00. This is in accordance with the applicable laws of the State of California.

NO CRIMINAL PROSECUTION: The applicable laws of the State of California state that you cannot be prosecuted or threatened with prosecution in a criminal action for a returned check in connection with a deferred deposit transaction.

What happens if you do not repay?

Late/Partial Payments: If your payment comes back as non-sufficient funds then we are allowed to only charge a $15 fee by the applicable laws of the State of California.

Non-payment:  We will take legal action if there is no intent to pay.  Additional fees such as court fees and other related court costs will be applied.

Loan renewals: There are no loan renewals allowed and it is against the applicable laws of the State of California. Original loan must be paid in full before another loan is allowed.

Collection practices: Our collection practices are in accordance with the principles of any applicable federal regulations at all times. We will attempt to call or email clients to make payments for the loan.

Impact to Credit Score: If there is no intent to repay the loan then your credit score will be  negatively affected. Customers with hardships should seek the advice of credit counselors.

Licensed by the California Department of Business Oversight pursuant to the California Deferred Deposit Transaction Law.

Payday Loans

Check Cashing Services

Our check cashing services are second to none. We have the best check cashing services anywhere. We charge 1.25% (under $1000) for Government and Payroll checks – And Debit Cards like EBT and Payroll Debit! Over $1000 we charge 1.65%.

Check out our other services:

  • Cell phone cards – the best rates!
  • Moneygram – Send money to Mexico and to around the world
  • Bill Payment  - Pay any bill!
  • Money orders – cheapest in Los Angeles county!
  • Mailboxes – $8 a month
  • DMV services

We are proud to announce that we will be getting DMV services to help our busy customers. No longer do you have to go the the DMV and wait in long lines for your licenses and tags. You can do everything at your local DMV office that you can do at our store.

We are your neighborhood financial service, and ready to serve you! Give us a call at (310) 787-7587 and see what we can do for you!

 

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