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Best Payday Loans in Los Angeles, CA

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by Sandi Pope ConsumerAffairs Research Team

A payday loan, also called a payday advance, cash advance or deferred deposit, lets you borrow money until your next paycheck — even if you have bad credit. In this guide, we explain the laws for payday loans in California, tell you how to qualify, answer common questions and list the best payday loan companies in Los Angeles.

Top 12 Los Angeles Payday Loan Companies

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Speedy Cash
Read 1,813 Reviews

Obtain payday and title loans with maximum amounts that vary by state. Payday loans range from $255-$2,500 and title loans range from $300-$25,000. Check cashing and money orders also available.

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CashNetUSA
Read 3,280 Reviews

Provides payday loans up to $1,800, which customers can receive the next business day. They also offer brokered installment loans up to $2,400, a savings program and access to free financial tools.

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Silver Cloud Financial
Read 193 Reviews

This company offers tribal loans for people who need access to a short-term loan due to an emergency or financial hardship. Loans range from $300-$1,000. Apply online and get your funds the next business day.

Check Into Cash
Read 2,061 Reviews

Lender with 25 years in business offers payday loans up to $1,000 and title loans up to $25,000 with easy application process. Consumers can get funds the next business day. Installment loans and lines of credit also available.

Advance America Cash Advance
Read 337 Reviews

Supplies both payday and title loans online or at over 2,000 store locations. Amounts vary by state and vehicle specifics. Max payday loans range $100-$1,100 and max title loans range $300-$10,000.

Check 'n Go
Read 199 Reviews

Supplies payday loans and installment loans in 17 states that are typically available the next business day. Max payday loan amounts vary by state and range from $50-$1,500.

Cash Depot Inc.
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Offers secure and confidential payday loans up to $255. Provides online application with approval notification in one hour. No credit checks and no hidden fees. Distributes funds by 5 p.m. on the next business day.

Cashback Loans
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Provides payday loans up to $255 in as little as 15 minutes. Lets customers apply online in just five minutes or in person at multiple locations open seven days a week. Online chat available.

Continental Currency Services
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Offers payday advances at multiple locations throughout Los Angeles. Has coupons on website. Over four decades of experience in the industry. Based in Southern California.

L.A. Cash Advance
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Offers in-store payday loans of up to $255 in same-day cash. Lends to customers with bad credit or no credit. Pays up to $40 for customer referrals. Nine locations in the LA area.

Payday Express
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Offers safe and secure in-store payday loans processed in as little as 15 minutes. Doesn’t run a credit check. Locally based with over 20 years of experience. Operates a dozen locations in LA.

The Check Cashing Place
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Payday loans from $50 to $255 with no credit check. Gives the option to start an application online and finish it in store. Issues approval in minutes. Posts special offers on website.

los angeles skyline

Over 1.6 million people took out payday loans in California in 2018, according to the California Department of Business Oversight (DBO), which regulates payday lending in the state. About half of these customers have average annual incomes of $30,000 or less. Nearly one-third made $20,000 or less.

The California attorney general recommends using a payday loan only for emergency expenses. Before applying for a payday advance, make sure the lender has a license on the California DBO website.

Payday loan requirements in Los Angeles

Payday lenders may offer online payday loans, in-store payday loans or payday loans over the phone. To apply, you need to be at least 18 and a legal U.S. resident with an active checking account and phone number. Have the following ready before you apply:

  • Valid government-issued ID
  • Social Security number or Taxpayer Identification Number
  • Proof of steady income
  • Proof of address

A high credit score isn’t required for these quick loans in Los Angeles. Some lenders even offer payday loans with no credit check. If you apply for an online payday loan, a lender representative contacts you to let you know if you’ve been approved and how to receive the funds. Online payday loan companies typically distribute cash within one to two business days. If you apply in a payday loan store, you can walk out with cash the same day — often in an hour or less. Don’t forget to read your contract carefully before signing for the loan.

Payday loan regulations in Los Angeles, CA

The maximum amount you can borrow with a payday loan in Los Angeles is $300, and the maximum term is 31 days. Lenders can charge a fee up to 15% of the amount you borrow up to a maximum of $45.

In 2018, the average annual percentage rate (APR) of a payday loan in California was 376%, and the average length of the loan was 17 days. The table below shows different loan amounts, the maximum fee payday lenders can charge and the APRs on 14-day and 31-day loans in Los Angeles.

Loan amountMaximum feeAPR on 14-day loanAPR on 31-day loan
$100$15391%177%
$200$30391%177%
$300$45391%177%

Though you can borrow up to $300, you should only borrow what you can afford to repay, including the fees. Lenders cannot give you a new payday loan in California to pay off an existing one. If the loan comes due and your check bounces, the lender can charge a one-time bounced check fee up to $15. You can ask for an extension or payment if you can't afford to pay back a payday loan, but the lender doesn’t have to accept.

A lender can’t threaten to prosecute you in criminal court for failing to pay back a payday loan in Los Angeles.

Los Angeles payday loan FAQ

What kind of loan can I get in California with bad credit?
Payday loans, along with certain other types of personal loans, such as title loans, don’t require good credit, but they tend to come with high rates and fees.
Is it hard to get a payday loan in Los Angeles?
No, it’s not hard to get a payday loan in Los Angeles. The main requirements are a valid ID, proof of steady income, an open and active checking account and a working phone number.
What are some alternatives to payday loans in Los Angeles?
Cheaper alternatives to payday loans include:
  • A loan from a family member or friend
  • A loan from a bank or credit union
  • Extensions or payment plans from creditors
  • Paycheck advance from an employer
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Los Angeles payday loan company information

Cashback Loans

With Cashback Loans, you can apply online or in person for a payday loan up to $255, even if you don’t have good credit. All you need is a valid ID, an open and active checking account and a verifiable, steady source of income. Cashback Loans locations are open seven days a week.

  • Address: 107 N. Avenue 64, Ste. A, Los Angeles, CA 90042; Multiple locations
  • Phone: (323) 673-8431
  • Hours: M - F: 9am - 8pm; Sat: 9am - 6pm; Sun: 10am - 4pm
  • Website: cashbackloans.com
L.A. Cash Advance

L.A. Cash Advance offers in-store payday loans up to $255. To apply, you need to be a U.S. citizen at least 18 years old with a valid ID, proof of employment or other income and an open and active checking account. Go to any of the LA-area locations and you can walk out with cash. L.A. Cash Advance pays up to $40 for every customer referral.

  • Address: 5401 S. Figueroa St., Ste. 6, Los Angeles, CA 90037; Multiple locations
  • Phone: (323) 778-5800
  • Hours: M - F: 9am - 6pm; Sat: 9am - 1pm
  • Website: flexiblefinanceloans.com
Payday Express

Payday Express, in business since 1997, processes payday advance loans in Los Angeles in just minutes. Applicants must have California ID, proof of steady income, a recent bank statement, a checking account and a proof of address. No credit check is required. Stop by any Payday Express store or call for more information.

  • Address: 3547 Wilshire Blvd., Los Angeles, CA 90010; Multiple locations
  • Phone: (213) 486-3040
  • Hours: M - F: 9am - 6pm; Sat: 10am - 2pm
  • Website: paydayexpresscashadvance.com
Cash Depot Inc.

Cash Depot offers payday loans up to $255. Use the secure and confidential application online and get a response within an hour. Requirements include being at least 18 years old, having a regular source of income and having a checking or savings account. Cash Depot has three locations in Los Angeles.

  • Address: 1771 W. Jefferson Blvd., Los Angeles, CA 90018; Multiple locations
  • Phone: (323) 735-1800
  • Hours: M - Sun: 9am - 5pm
  • Website: cashdepotinc.com
The Check Cashing Place

The Check Cashing Place has been providing payday loans in Southern California since 1997. Start your application online and finish it in person at any of five locations in Los Angeles County. You’ll need a valid ID, Social Security number, current pay stub, current bank statement and a voided check. Visit the website for special offers.

  • Address: 311 S. Vermont Ave., Los Angeles, CA 90020; Multiple locations
  • Phone: (213) 381-3223
  • Hours: M - Th: 9am - 7pm; Fri: 8am - 8pm; Sat: 9am - 6pm; Sun: 10am - 5pm
  • Website: thecheckcashingplaceinc.com
Continental Currency Services

Continental Currency Services, established in Southern California in 1978, offers payday advances and several other financial services. It has multiple locations throughout Los Angeles that are open seven days a week. Check the website for coupons.

  • Address: 559 S. Broadway, Los Angeles, CA 90014; Multiple locations
  • Phone: (213) 624-1666
  • Hours: M - F: 8am - 8pm; Sat: 9am - 7pm; Sun: 9am - 5pm
  • Website: ccurr.com
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Sandi Pope ConsumerAffairs Research Team

Sandi Pope previously worked in the nonprofit sector as an advocate for environmental and social change and believes information access is a human right. As a member of the ConsumerAffairs Research Team, she seeks to provide consumers with the necessary information needed in making life-altering decisions.