6 Best Payday Loan Lenders in Los Angeles, California

6 Best Payday Loan Lenders in Los Angeles, California
Author : Chris Morgan
Updated on : August 8th, 2022

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Known as the City of Angels, Los Angeles, California is one of the largest cities in the United States. Its warm, sunny weather makes it a go-to spot for vacations and also for individuals looking for a more enjoyable permanent living experience. Los Angeles is also home to Hollywood, the major entertainment center in the United States and throughout the world.

However, when it comes to debt, some would say that residents of Los Angeles are living in La-La land. An Urban Institute debt study of Los Angeles residents reveals that one in three Los Angeles residents has some form of delinquent debt that ultimately impacts financial well-being. 

One of the major issues with debt is that it can compound over time creating high fees and interests. Unfortunately, this compounding interest and fees can make a once manageable debt much harder to pay off. Instead of acquiring and holding on to long-term debt, consider a payday loan for your short-term financial needs. 

Below is a listing of the 6 best payday loan lenders in Los Angeles, California. We've also provided answers to frequently asked payday loan questions for your reference.

Are Payday Loans Legal in Los Angeles, California?

Payday loans are legal in Los Angeles. The Los Angeles Department of Consumer and Business Affairs details specific rules and regulations regarding payday loans as follows:

  • Only one payday loan can be made out to a borrower at a time.
  • The value of a payday loan cannot exceed $300.
  • The maximum fees charged for a payday loan cannot exceed 15% of the face value of the post-dated check up to $45.
  • Payday loan rollovers are not allowed.
  • Payday loan terms are limited to 31 days.
  • There are special regulations that apply to payday loans for service members to protect them from predatory loan practices. 

For the best results, payday loans are best used for short-term financial coverage.

The 6 Best Payday Loan Lenders in Los Angeles, California

Here are the 6 best payday loan lenders in Los Angeles. Please be aware that these companies do not offer approval for a payday loan that is subject to meeting specific income and banking requirements. In general, it is easier to obtain a payday loan in comparison to other short-term finance options.

The following are the 6 best payday loan lenders in Los Angeles. While payday loans are readily available throughout Los Angeles, it should be noted that none of these companies are able to offer guaranteed payday loans. Approval for payday loans is subject to specific banking and income requirements.

LendYou Logo

Since 2005, LendYou has been a premier source for payday and installment loans in Los Angeles and throughout California. Their motto is that they help to get you the loans you need when you need them.

LendYou is a broker loan service that provides access to a variety of lenders. With their easy-to-use platform, you'll be able to pick the payday loan that suits your needs. They offer a convenient application process that you can start via mobile or online, and they accept all credit histories providing funding up to $2,500. 

LendYou comes highly recommended for your payday loan needs as they provide:

  • Quick Loan Approvals
  • Great Customer Service
  • Rate and Service Transparency
  • Flexible Loan Amounts and Rates

Learn more about LendYou’s payday services in this LendYou Complete Review.

Max Cash Title Loans Logo

Max Cash is another online loan broker offering a variety of financial services. They also have a platform that connects people to payday loan lenders. They've been in business for over a decade, and they've helped over 2 million people get the loans they need.

The benefit of the Max Cash online platform is that it allows you to compare and contrast different payday lenders so that you can choose the payday loan that is best for you.

We recommend Max Cash for payday loans because:

  • Amazing Customer Service
  • Informative Financial Education Articles
  • Access to Reputable Lenders 

Get more information on MaxCash payday loans via our Max Cash Payday Loans Full Review & Guide.

speedy cash logo

Available in 29 States, Speedy Cash provides short-term title, installment, and payday loans. With 25 years of experience, Speedy Cash provides the convenience of online or in-person payday loan applications. You can be assured that you are getting top service as Speedy Cash complies with all local and state payday laws and regulations. This company is also a member of the Online Lenders Alliance (OLA). 

Here are some reasons why we like Speedy Cash:

  • Manage your payday loan via the Speedy Cash mobile app.
  • Obtain payday loan funds via direct deposit, at a storefront location, or on a prepaid debit card.
  • Take advantage of the 72-hour guarantee where you can return payday loan funds without incurring fees. 

Contact Information:

  • Address: 1801 W 6th St, Los Angeles, CA 90057
  • Phone: (213) 989-0121
Advance America Cash Advance Logo

Advance America has provided short-term loans throughout California since 1998. They provide a quick, easy application process as well assistance from certified loan specialists to help you obtain the payday loan you desire.

When you get a payday loan with Advance America Cash Advance you get:

  • Quick payday loan approvals
  • Availability of same-day cash (Payday loans taken out at a physical location may be eligible for cash in hand. Online applications completed by 10:30 Eastern Standard Time during the weekdays could receive funding to bank accounts on the same day). 

Contact Information:

  • Address: 1008 N Vermont Ave, Los Angeles, CA 90029
  • Phone: (323) 953-4880
Cashback Loans Los Angeles

With over 20 years of financial services experience, Cashback Loans-Los Angeles provides quality financial services such as check cashing and short-term loans. They pride themselves on offering quick, hassle-free short-term payday loan options. They have a team of loan professionals available online, by phone, and in-store to assist with the payday loan application process. 

Some reasons we like Cashback Loans-Los Angeles include:

  • Quick 15-minute loan approval (in most cases)
  • Receive funds in person or by direct deposit usually on the same day or the next business day.
  • Easy and quick payback of payday loan on your next payday.

Contact Information:

  • Address: 107 N. Avenue 64, Suite A, Los Angeles, CA
  • Phone: (323) 259-0993
RPM Lenders Logo

RPM is a Los Angeles-based financial services company offering competitive payday loan products. With a staff of knowledgeable loan specialists, you could be eligible for a payday loan for up to $255. The payday loan process can be initiated online and completed at an RPM storefront location. Upon completing the initial online application, a representative from RPM will reach out to you to continue and complete the application process. 

To be considered for a payday loan at RPM, you will need the following:

  • Most recent paystub
  • State-issued photo ID/driver’s license
  • A recent bank statement
  • A blank check from an active checking account 

Contact Information:

  • Address: 936 S Union Ave, Los Angeles, CA 90015
  • Phone: (213) 973-1856

Do Payday Loans in Los Angeles Have Instant Approval?

In general, payday loan companies do not offer instant payday loans online with guaranteed approval. This is because there are specific loan requirements stipulated by lenders. Because there isn't a credit check, lenders we'll need to review information such as income, personal identification, and a valid checking account to determine whether an applicant is eligible for a payday loan.

The guaranteed approval is not available because, after a review of specific requirements, some individuals will not be eligible for payday loans which is why payday loan instant approvals are not available.

For more information about the payday loan process and why payday loan approvals aren't typically available, visit payday loans online with instant approval.

Do You Need A Credit Check For a Payday Loan in Los Angeles?

One of the reasons why payday loans are so popular is that they do not require a credit check. This makes the type of this type of short-term financial loan product more readily available. However, it is important to note that all payday loan applications will usually require the availability of a bank account. This is so the payday loan lenders can easily collect repayment of the loan amount. In some instances, payday loan companies may have a stipulated time requirement for a bank account in order to be eligible to receive a payday loan.

If you're looking to obtain a payday loan but you aren't sure if you meet the bank account requirement, check out our post on Best Checking Accounts For Bad Credit to learn more about obtaining bank accounts with bad credit.

Who Are the Best Payday Lenders in Los Angeles?

Finding the best payday loan lenders in Los Angeles is important especially if you want to make sure that you are working with a reputable company. The California Department of Financial Protection and Innovation regulates the licensing of payday loan companies throughout Los Angeles and California. 

They encourage payday loan applicants to only use payday loan lenders that have been licensed and verified in the state of California. By doing so you decrease the chance of encountering predatory payday loan practices.

To verify that a payday loan company is licensed in the state of California you can visit www.dbo.ca.gov or 1-866-275-2677. Our number one recommendation, LendYou, is a reputable lender serving Los Angeles.

Payday Loan Alternatives

If you're looking for alternative options to payday loans, you may want to consider a title loan as it is a quick, no-credit short-term finance option. 

Title loans provide access to fast cash by using your car as collateral. Upon being approved for a title loan, the title loan company will hold on to the title of your car while you pay down the title loan. You are still able to drive your car while you pay down your loan, and your car title will be returned to you upon repayment of the title loan.

It is important to note that if you do not pay off the title loan as specified, the title company will secure your car for repayment of the title loan.

For more information about title loans, check out our post on the best title loan companies in California.

Conclusion and Next Steps

Payday loans are a great way to access cash quickly without having to worry about a credit check. While there are a number of payday loan companies It is important to use reputable payday companies. The companies provided above have a history of providing quality, reputable payday loan services in Los Angeles, and they adhere to local and state payday loan regulations. 

We suggest you head over to LendYou to begin your payday loan search. They are a premier online broker for payday loan services with a convenient easy-to-use platform that allows you to easily obtain the payday loan that you desire. Visit them today to start the payday loan application. 

When doing research, Credit Help Info relies on credible and authoritative sites. These research sources are provided so that you can see exactly where we get our information.

About the Author

Chris Morgan

Chris Morgan is a credit expert and founder of Credit Help Info. He has been featured in Addition Financial, GOBankingRates, MSN Money, Yahoo Finance, and many other publications. He has read hundreds of books and resources on finance and the credit industry. Because he did this, you don’t have to. As a school teacher for over 20 years, Chris enjoys taking complicated material and breaking it down into manageable information that’s easy to understand.

Learn more about Chris Morgan

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