Payday Loan Corporation
8516 Paramount Boulevard
Downey, CA
(562) 927-5000
paydayloan.com
PaydayLoan.com was founded in 1998 when the internet was first becoming easy to use due to increased availability of high speed connections. This company specializes in payday loans across the country and can match you with a lender in your area. Companies like this are beneficial if you’ve ever been turned down for a payday or title loan and experience some frustration when applying to many different sites online.
By matching you with a qualified lender from the start, you can leave all the frustration behind as they will do the legwork for you. After you are matched, you can choose to contact the lender they suggest or let them contact you.
What They Offer
This company deals strictly with payday loans only. You will fill out the qualifying application on the website which takes just a few moments to process. When you’re matched with a lender, you will decide on how much to borrow and how long you need to pay it back. Typically you’ll pay it back on your next closest payday but some companies may let you extend it to a later date within a 31 day period.
Where They Are Located
PaydayLoan.com is headquartered in Texas but works with many different states including California. This company has plenty of physical offices in California so you’ll be filling the application out online. It’s common practice in this industry to complete all of the necessary forms online so it actually saves you a lot of time. If you were to drive around looking for companies instead, it wastes time and gas and there’s always a possibility of being rejected after filling out the application.
This company also has sections for the UK and Canada. This can be useful if you go on vacation to one of these areas and an emergency occurs such as a loss of funds due to theft.
Rates/Terms
PaydayLoan.com abides by California laws regarding payday loan borrowing amounts, interest rates and finance charges. The max you can borrow in CA is $300 so most companies will offer you $255 with $45 in finance charges, interest and fees combined. You’ll pay back the full $300 on your next payday unless you’ve made arrangements to pay it off at a later date.
If you feel you might not be able to pay your loan back on time, it’s extremely important to contact your lender as soon as you can. Most companies will let you set up some kind of arrangement to keep your bank account from going negative and accumulating all sorts of bank fees.
Additional Info
There are numerous testimonials available to view on the official website that date back over ten years in some cases. The fact that this company has operated that long is a good sign that they comply with all the necessary laws and treat their customers well.
