About Payday Money Centers

Payday Money Centers is a payday lender with 19 store locations in California. The company was founded in 1997 and claims to provide 20,000 payday loans a month. Its main offices are in Anaheim, California. As well as payday loans, Payday Money Centers also provides check cashing, auto title loans and money orders.

How Do Payday Money Centers Work?

Payday Money Centers offers small loans to people with bad or no credit. Borrowers can download the loan application online and fill it in at home, but they must visit a Payday Money Center to collect their money. Eligible applicants can pick up their money immediately.

What Are The Interest Rates at Payday Money Centers?

As with most payday loans, the cost is calculated as a one-time fee. For instance, a $50 loan has a $8.80 fee, while a $255 loan has a $45 fee. This is the equivalent of 214% or a 460% APR, depending on whether you choose a term of 30 days or 14 days.

How Much Money Can I Borrow From Payday Money Centers?

Under California law, the maximum a consumer can borrow in a payday loan is $300. This includes the loan fee, which is a maximum of 15% the loan amount. Payday Money Centers charges the maximum 15% on loans, therefore it can only provide loans of up to $255.

Which States Do Payday Money Centers Operate In?

Payday Money Centers only has locations in California. It has locations in Downey, Orange, Westminster, Anaheim, Los Alamitos, Fullerton, Lake Forest, Huntington Beach, Tustin, Orange Main, Whittier, La Mirada, Encinitas, San Diego, Chula Vista, Escondido, E. San Diego, Pacific Beach and Moreno Valley.

What Is the Application Process Like at Payday Money Centers?

Applicants must complete a short form requesting their name, address, employment, income and attach a recent bank statement, proof of income and proof of residence. The form can be downloaded online but it must be filed in person at a Payday Money Center location.

How Are Payday Money Centers Better Than Other Lenders?

Payday Money Centers has over 18 years of experience offering fast loans to people with bad or no credit. The rates are high but competitive when compared to the fees charged by other payday lenders. It has 19 locations throughout California, so Californians are likely to live close to one of their stores.

  • Credit Score Range
    300 - 640
  • No Other Outstanding Loans
  • Instant Decision
  • Online Application
  • APR
    214% - 460%
  • Funding Time Range (in days)
    1 - 3
  • No Credit Check
  • Loan Amount
    $50 - $255
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