California Cash Loan

Another name for cash loans is payday loans. These types of loans are only for a short term to help people with financial problems between paychecks. Cashloan.net can loan borrowers between $100 and $500, but they need to pay the loan back in full by their next payday. The loan you receive from cashloan.net is a lot different from the loans you would get from traditional lending institutions. Cash loan lenders base the amount you can borrow on the amount of your paycheck, instead of going by your credit rating. They may even loan you more money if your paycheck is directly deposited into your bank account.

A California cash loan is a great solution for solving unexpected money problems. You can use the quick cash if your car breaks down, or you run out of heating fuel in the winter, and you aren't paid until the end of the week. Cashloan.net gives you a way to take care of your financial needs right away. California cash loan lenders also grant payday loans when a borrower writes a post-dated personal check to the lender for the full amount of the loan and appropriate fees. This way, the lender will deposit the check and keep the fees when the loan is due.

When you apply for a California cash loan, certain laws need to be followed in the State of California. The law pertains to both lenders and borrowers. There is a 30-day maximum amount of time to pay back the loan. Fees are $15 for each $100 borrowed and can't exceed 15 percent of the loan amount. Rollovers or refinancing of the loan aren't permitted, so this means no fees are charged. If a check is returned from the bank and is unpaid, then a $15 non-sufficient funds fee will be charged. A borrower can only take out one loan at a time.