San Francisco Payday Loan

San Francisco payday loan lenders range from Advance America (with four outlets), to licensed online cash advance companies.

According to the state statistics, San Francisco is one of the cities in California with a high concentration of people who use payday loan services, others being Fresno, Sacramento, and Los Angeles.

All in all, it has been estimated that there are over 2,400 payday lending outlets in operation throughout the state, with more than 10 million of these short-term, small dollar amount loans being made in California each year.

Because of the associated high costs of borrowing (as calculated with annual percentage rates (APRs) of interest), these are NOT loans for long-term money problems.

As a short-term money management tool (to be paid back on the borrower's next payday), many also use payday advances to avoiding late payment fees, overdraft charges, and expenses related to disconnected services.

You should consider the alternatives in California to payday loans before getting one, with the most used alternatives being cash advances from credit cards, small consumer loans from credit unions and local banks (a very popular alternative in San Francisco), and getting a salary advance from your employer.

Another thing to research is the payday loan laws in California, to fully understand your rights as a consumer of financial products and to know the obligations under which the payday lending industry operates.

These laws include laws written into the state statute as an exception to the California's Finance Lender's Law.

One great source of information on payday lending industry in California is the California Department of Corporations, which publishes regular reports on the companies doing short-term consumer lending in CA.

San Francisco Cash Advance Loans

According to some estimates, there are now more than 2,400 cash advance outlets in operation throughout California, with most of the major franchises having locations in San Francisco.

One of these nationwide franchises is Advance America, the largest payday loan lender in United States with more than 2,400 outlets in total.

In San Francisco, according to their "Store Finder" online tool, they have 4 stores for cash advances within 20 miles of San Francisco, CA.

In addition to payday loans, these stores provide other financial services, such as MoneyGram, VISA prepaid cards, and check-to-card service (as an alternative to check cashing).

Instead of going in person to one of the physical stores, you can also use their online payday loan service, which is available to San Francisco residents.

› San Francisco Payday Loan

Cash advances should be used for short-term financial needs only, not as a long-term financial solution.

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