Manuel Balce CenetaThe Associated Press. In trouble from an online payday loan. You might not have to repay it. By David Heath. September 30, 2011. The mysterious online war against a payday lending crackdown.
If youre a California resident with bad credit thats having problems qualifying for a California payday loan then you may want to check out LoanSolo. They work with over 75 direct funders that offer cash advance loans to pretty much any California resident regardless of bad credit, Chexsystem report, or past payday loan use.
They have a 100 online application process. CashNet USA: Cashnet has offered online payday loans in California for years. CashNet is a well respected payday advance company thats been funding storefront and online loans for years. Theyre currently offering new customers a discount of 15 on initial loan fees for California payday loans and installment loans.
To get this discount use promo code A15CASH when applying online. BlueTrust Loans: Blue Trust loans is an online only lender that offers personal loans of up to 1250 in California. They have an easy online start over personal loans process funds can be deposited into your account in one business day upon approval.
Be careful about giving out your information. Whether or not your visit to an online payday loan site results in a loan, simply entering information on the site may come back to haunt you. Selling personal and financial information is big business. People who buy your information may use it start over personal loans try to sell you good and services, charge you for goods and services you didnt agree to buy or charge amounts other than what you authorized, or try to commit identity theft.
Even if you never hit "Submit" to complete the transaction, your information can be captured through keystroke logging a program used to see and store everything you enter on application.
Loan Aggregators. Unlike a direct lender which lends you the money, a loan aggregator is a middleman a company that collects your personal and financial information on a loan application and shops it around to lenders who may offer you a loan.
Another option is to take your stuff to a pawn shop. You can sell your items outright or borrow money on them. When you take out a pawn shop loan, you hand over your item as collateral, and the shop gives you a fraction of its value in cash. You start over personal loans get a receipt, called a pawn ticket, that shows when your loan is due. A pawn shop loan is usually good for anywhere from one to four months. Any time before that period is up, you can take your ticket back to the store and pay back your loan, along with a fee that can be described as either interest or a start over personal loans charge.
Fees range from 5 to 25 of the loan value per month. That adds up to 61 to 304 APR, which is high, but better than youd get from a payday lender. If you cant pay off a pawn shop loan before it comes due, the shop just keeps your stuff and sells it to someone else. Thats not great for you, since it means youve sold the item for a lot less than it was worth.