California Cash Advance Business Is Apparently Going Toward Larger Customer Installment Loans

California Cash Advance Business Is Apparently Going Toward Larger Customer Installment Loans

SACRAMENTO – Ca’s pay day loan industry appears to be going toward bigger customer installment loans over $300 and, most of the time, over $2,500, based on loan provider reports released today by the Department of company Oversight (DBO).

The reports reveal the final number and aggregate buck level of payday advances continued an extended decrease in 2018 while non-bank, unsecured customer loans granted underneath the Ca funding Law (CFL) increased markedly. Continue reading “California Cash Advance Business Is Apparently Going Toward Larger Customer Installment Loans”