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Payday loans in Riverside CA - Payday Advance Credit ™ USA

If you are in urgent need of some additional monetary resources to handle some emergency expenses, then a payday loan is one of the best options available. In most states payday loans are strictly regulated with a definite set of laws and rules, but more often the borrowers are unaware of the existing regulations and fall prey to scheming lenders that charge them an exorbitantly large sum as fee and interest for the loan.

Each state has its own specific set of laws concerning the payday loans. If you reside in Riverside CA and are looking forward to apply for a payday loan with your local lender or are looking forward to fill in the loan application online it is important that you read on in order to understand some basic rules that must be followed by the lenders:

    • The maximum permissible payday loan amount in the state of California is $300. This amount does not include the fee usually associated with these loans.

    • The California payday lender can charge a maximum fee of 15% of the face value of the cheque (up to a maximum amount of $45). Make sure that you completely understand the fee structure of your payday loan before you apply for the loan and sign the agreement. If you are unable to locate any information related to the fee on the agreement, it is advisable that you look for another lender who will clearly indicate the fee amount.

    • The fee mentioned above is equivalent to an APR or Annual Percentage Rate of 460% for a 14 day loan. The actual APR for the loan may vary in accordance with the term of your loan.

    • You are allowed to have only one pending payday loan from the same lender in the state of California. Try to avoid approaching different payday lenders in order to take multiple payday loans from various lenders. Lesser the number of loans, lesser would be the chances of you falling into debt and your chances of obtaining financial freedom would increase.

    • California payday lenders can enforce restrictions and ask for an additional fee from military service members and dependents.

    • All payday lenders operating in the state of California must have valid licenses issued by the department of Corporations. If you applying for a loan with an unlicensed lender, do not complete the application. An unlicensed lender need not abide by the payday loan laws established in the state and can easily take advantage of you and all your personal information.

    • You might be charged an additional fee for a bounced cheque when the lender attempts to collect on your loan.

    • All the reputable and legal lenders in California would give you the copy of the contract that you signed with the lender.

    • Whenever you apply for a payday loan in California, you have every right to ask for the loan documentation on the language that you can comfortably speak. This is true even if you are filling the payday loan application online.

Our lending process is free of any catches and hidden clauses, because we answer all your doubts and explain the lending process explicitly to our buyers. Whether you have hundred questions or one, we make sure that each of them is answered to your utmost satisfaction before and after applying the loan.

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Disclaimer : Payday advance credit is not a financial organization or a lender. We do not provide loan or make decisions relating to the lending policy of our lenders. When you apply for a payday loan by filling out the application form available on our site, it does not guarantee approval of the loan. We forward your filled form to our network of lenders, who then evaluate your application based on their set criteria and approves your loan. Based on your application, our lenders will offer you the rate of interest, charges involved and other terms guiding your loan process. Once you get the offer from the lender, you can then decide whether you need to accept the amount or not. Payday advance credit does not play any role in deciding your loan amount, interest charged or any other terms related to it. We advise our clients to read the terms and conditions properly and weigh the pros and cons that follow before signing the contract. We make our earnest effort to provide you with up to date and explicit information on our site. If you decide to accept the offer, then you will have to sign the documents electronically and send it over to us. After you duly sign and agree to the agreement, we will then put forward the amount in your bank. We are in no way obligate you to accept the loan amount after the offer is made. You are solely responsible to accept the loan amount based on your personal decision. Some of our lenders will run a credit check on your name to ensure your capability to repay the loan. The verification won't affect your credit history and is performed by lenders to cover risks associated with lending money. Payday advance credit reserve the right of making any changes on our website without intimating the clients in advance. The updated information is effective from the time it is updated and it is the responsivity of the customer to read them prior to applying for a loan. Payday advance credit or its affiliates do not guarantee availability, performance accuracy and functionality of the third party software working on our website. Any transactions occurring between you and payday advance credit is subjected to local jurisdiction regardless of the place where you reside. Payday advance credit or its affiliates does not guarantee the performance, availability, functionality and accuracy of the third party software present on its website. All the transactions between Payday advance credit and you are subject to the local jurisdiction regardless of the location where you live when you accept a short term loan or advance credit. We advise you to go through rates and fees section on our site to understand the laws and terms that follow your agreement. Our terms of use will help you in gathering more information on the loan process, products and services to understand it thoroughly. Read our privacy policy to understand rules and regulations to understand the collection, use and distribution of personal and non­personal information that's been gathered from customers by Payday advance credit or any affiliates. Privacy Policy