At California Cash, we are one of the few licensed and regulated companies located in California under the Department of Business Oversight. Don’t trust your information to internet companies that are not licensed or regulated by the State of California.

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 Are Payday Loans?

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 $255.00.

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.

 

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Rate and Term Chart

ADVANCE AMOUNT
(Amount Financed)
FINANCE CHARGE
(Cost of Loan)
CHECK AMOUNT
(Total of Payments)
Example APR **
LOAN TERM
(14 days)
LOAN TERM
(30 days)
$100.00 $17.65 $117.65 460.16% 214.74%
$150.00 $26.48 $176.48 460.16% 214.74%
$200.00 $35.30 $235.30 460.16% 214.74%
$255.00 $45.00 $300.00 460.08% 214.71%
ADVANCE AMOUNT (Amount Financed) $100.00
FINANCE CHARGE (Cost of Loan) $17.65
CHECK AMOUNT (Total of Payments) $117.65
Example APR ** LOAN TERM (14 days) 460.16%
LOAN TERM (30 days) 214.74%
ADVANCE AMOUNT (Amount Financed) $150.00
FINANCE CHARGE (Cost of Loan) $26.48
CHECK AMOUNT (Total of Payments) $176.48
Example APR ** LOAN TERM (14 days) 460.16%
LOAN TERM (30 days) 214.74%
ADVANCE AMOUNT (Amount Financed) $200.00
FINANCE CHARGE (Cost of Loan) $35.30
CHECK AMOUNT (Total of Payments) $235.30
Example APR ** LOAN TERM (14 days) 460.16%
LOAN TERM (30 days) 214.74%
ADVANCE AMOUNT (Amount Financed) $255.00
FINANCE CHARGE (Cost of Loan) $45.00
CHECK AMOUNT (Total of Payments) $300.00
Example APR ** LOAN TERM (14 days) 460.08%
LOAN TERM (30 days) 214.71%

 

** 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.

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