* No affiliation with any of the companies listed on the page.

Los Angeles, CA Payday Loans Lenders

56 local stores from 8 companies located in Los Angeles, CA
Rating
Reviews
Lender
4.04
1k+
review
Ace Cash Express
Ace Cash Express
has 22 offices
4.10
113
reviews
Advance America
Advance America
has 1 office
2.90
53
reviews
California Check Cashing Stores
3.20
21
review
Cashback Loans
Cashback Loans
has 1 office
3.23
61
review
Check into Cash
Check into Cash
has 4 offices
3.36
229
reviews
Continental Currency Services
4.70
67
reviews
Money Mart
Money Mart
has 1 office
3.80
1k+
reviews
Speedy Cash
Speedy Cash
has 8 offices

All Los Angeles, CA Lenders Offices by Rating

* No affiliation with any of the companies listed on the page.
Rating
Office Address
5.00
151 review
Speedy Cash
2855 Crenshaw Blvd, Los Angeles, CA 90016 show on map
tel: 323-870-2097
Hours:
Monday: 8AM–8PM
Tuesday: 8AM–8PM
Wednesday: 8AM–8PM
Thursday: 8AM–8PM
Friday: 8AM–8PM
Saturday: 8AM–8PM
Sunday: Closed
5.00
3 reviews
Continental Currency Services
4050 Victoria Ave, Los Angeles, CA 90008 show on map
tel: 323-296-6052
Hours:
Monday: 10AM–7PM
Tuesday: 10AM–7PM
Wednesday: 10AM–7PM
Thursday: 10AM–7PM
Friday: 10AM–7PM
Saturday: 9AM–6PM
Sunday: Closed
4.90
132 reviews
Ace Cash Express
1245 S Union Ave, Los Angeles, CA 90015 show on map
permanently closed
4.90
123 reviews
ACE Cash Express
1015 W Florence Ave, Los Angeles, CA 90044 show on map
tel: 323-778-8791
Hours:
Monday: 9AM–7PM
Tuesday: 9AM–7PM
Wednesday: 9AM–7PM
Thursday: 9AM–7PM
Friday: 9AM–7PM
Saturday: 9AM–5PM
Sunday: Closed
4.90
41 review
Ace Cash Express
3517 E 1st St, Los Angeles, CA 90063 show on map
tel: 323-780-4062
Hours:
Monday: 9AM–7PM
Tuesday: 9AM–7PM
Wednesday: 9AM–7PM
Thursday: 9AM–7PM
Friday: 9AM–7PM
Saturday: 9AM–5PM
Sunday: Closed
4.80
119 reviews
ACE Cash Express
10005 S Central Ave, Los Angeles, CA 90002 show on map
tel: 323-569-4929
Hours:
Monday: 9AM–7PM
Tuesday: 9AM–7PM
Wednesday: 9AM–7PM
Thursday: 9AM–7PM
Friday: 9AM–7PM
Saturday: 9AM–5PM
Sunday: Closed
4.80
81 review
Ace Cash Express
11252 S Normandie Ave, Los Angeles, CA 90044 show on map
tel: 323-755-9274
Hours:
Monday: 9AM–7PM
Tuesday: 9AM–7PM
Wednesday: 9AM–7PM
Thursday: 9AM–7PM
Friday: 9AM–7PM
Saturday: 9AM–5PM
Sunday: Closed
4.80
72 reviews
Ace Cash Express
653 E El Segundo Blvd, Los Angeles, CA 90059 show on map
tel: 323-756-1443
Hours:
Monday: 9AM–7PM
Tuesday: 9AM–7PM
Wednesday: 9AM–7PM
Thursday: 9AM–7PM
Friday: 9AM–7PM
Saturday: 9AM–5PM
Sunday: Closed
4.70
67 reviews
Money Mart
8608 South Vermont Avenue, Los Angeles, CA 90044 show on map
tel: 323-753-2274
Hours:
Monday: 8AM–8PM
Tuesday: 8AM–8PM
Wednesday: 8AM–8PM
Thursday: 8AM–8PM
Friday: 8AM–8PM
Saturday: 8AM–7PM
Sunday: 9AM–3PM
4.70
45 reviews
Ace Cash Express
3619 S La Brea Ave, Los Angeles, CA 90016 show on map
tel: 323-290-5991
Hours:
Monday: 9AM–6PM
Tuesday: 9AM–6PM
Wednesday: 9AM–6PM
Thursday: 9AM–6PM
Friday: 9AM–7PM
Saturday: 9AM–4PM
Sunday: Closed
4.70
44 reviews
Ace Cash Express
1800 W 6th St, Los Angeles, CA 90057 show on map
tel: 213-413-6257
Hours:
Monday: 9AM–7PM
Tuesday: 9AM–7PM
Wednesday: 9AM–7PM
Thursday: 9AM–7PM
Friday: 9AM–7PM
Saturday: 9AM–5PM
Sunday: Closed
4.60
21 review
Continental Currency Services
5804 Obama Rd, Los Angeles, CA 90016 show on map
tel: 310-837-4421
Hours:
Monday: 8AM–9PM
Tuesday: 8AM–9PM
Wednesday: 8AM–9PM
Thursday: 8AM–9PM
Friday: 8AM–9PM
Saturday: 8AM–9PM
Sunday: 8AM–8PM
4.60
15 reviews
Continental Currency Services
3401 W. Slauson Ave, Los Angeles, CA 90043 show on map
tel: 323-292-3651
Hours:
Monday: 9AM–7PM
Tuesday: 9AM–7PM
Wednesday: 9AM–7PM
Thursday: 9AM–7PM
Friday: 9AM–7PM
Saturday: 8AM–7PM
Sunday: Closed
4.50
63 reviews
Ace Cash Express
5280 E Beverly Blvd, Los Angeles, CA 90022 show on map
tel: 323-832-0248
Hours:
Monday: 9AM–6PM
Tuesday: 9AM–6PM
Wednesday: 9AM–6PM
Thursday: 9AM–6PM
Friday: 9AM–7PM
Saturday: 9AM–5PM
Sunday: Closed
4.40
42 reviews
Ace Cash Express
4003 S Western Ave, Los Angeles, CA 90062 show on map
tel: 323-294-9817
Hours:
Monday: 9AM–7PM
Tuesday: 9AM–7PM
Wednesday: 9AM–7PM
Thursday: 9AM–7PM
Friday: 9AM–7PM
Saturday: 9AM–5PM
Sunday: Closed
4.30
62 reviews
Ace Cash Express
1009 W Mlk Blvd, Los Angeles, CA 90037 show on map
tel: 323-733-3961
Hours:
Monday: 8AM–7PM
Tuesday: 8AM–7PM
Wednesday: 8AM–7PM
Thursday: 8AM–7PM
Friday: 8AM–7PM
Saturday: 9AM–5PM
Sunday: Closed
4.30
11 review
Continental Currency Services
1669 E. 103rd St., Los Angeles, CA 90002 show on map
tel: 323-569-8518
Hours:
Monday: 9AM–7PM
Tuesday: 9AM–7PM
Wednesday: 9AM–7PM
Thursday: 9AM–7PM
Friday: 9AM–7PM
Saturday: 9AM–7PM
Sunday: 9AM–7PM
4.20
413 reviews
Speedy Cash
11401 S Figueroa, Los Angeles, CA 90061 show on map
tel: 323-779-2571
Hours:
Monday: 8AM–8PM
Tuesday: 8AM–8PM
Wednesday: 8AM–8PM
Thursday: 8AM–8PM
Friday: 8AM–8PM
Saturday: 8AM–8PM
Sunday: Closed
4.20
12 reviews
Continental Currency Services
1457 E. Florence #115, Los Angeles, CA 90001 show on map
tel: 323-582-7665
Hours:
Monday: 9:30AM–7PM
Tuesday: 9:30AM–7PM
Wednesday: 9:30AM–7PM
Thursday: 9:30AM–7PM
Friday: 9:30AM–7PM
Saturday: 10AM–5PM
Sunday: 10AM–4PM
4.20
6 reviews
Continental Currency Services
5824 South Vermont Ave, Los Angeles, CA 90044 show on map
tel: 323-751-5044
Hours:
Monday: 8AM–7PM
Tuesday: 8AM–7PM
Wednesday: 8AM–7PM
Thursday: 8AM–7PM
Friday: 8AM–7PM
Saturday: 10AM–7PM
Sunday: 10AM–3:30PM
4.10
113 reviews
Advance America
1008 N. Vermont, Los Angeles, CA 90029 show on map
tel: 323-953-4880
Hours:
Monday: 10AM–6PM
Tuesday: 10AM–6PM
Wednesday: 10AM–6PM
Thursday: 10AM–6PM
Friday: 10AM–6PM
Saturday: 10AM–2PM
Sunday: Closed
4.05
103 reviews
Ace Cash Express
500 E Washington Blvd, Los Angeles, CA 90015 show on map
tel: 213-741-0451
Hours:
Monday: 9AM–6PM
Tuesday: 9AM–6PM
Wednesday: 9AM–6PM
Thursday: 9AM–6PM
Friday: 9AM–7PM
Saturday: 10AM–4PM
Sunday: Closed
3.90
15 reviews
Check into Cash
5048 Whittier Blvd, Los Angeles, CA 90022 show on map
tel: 323-264-5636
Hours:
Monday: 10AM–6PM
Tuesday: 2–6PM
Wednesday: 10AM–6PM
Thursday: 2–6PM
Friday: 10AM–6PM
Saturday: 10AM–1PM
Sunday: Closed
3.85
58 reviews
Speedy Cash
740 W Compton Blvd, Los Angeles, CA 90220 show on map
tel: 310-537-7408
Hours:
Monday: 8AM–8PM
Tuesday: 8AM–8PM
Wednesday: 8AM–8PM
Thursday: 8AM–8PM
Friday: 8AM–8PM
Saturday: 8AM–8PM
Sunday: Closed
3.85
39 reviews
Ace Cash Express
3359 Whittier Blvd, Los Angeles, CA 90023 show on map
tel: 323-415-6600
Hours:
Monday: 9AM–6PM
Tuesday: 9AM–6PM
Wednesday: 9AM–6PM
Thursday: 9AM–6PM
Friday: 9AM–7PM
Saturday: 9AM–5PM
Sunday: Closed
3.80
139 reviews
Speedy Cash
123 E Vernon Ave, Los Angeles, CA 90011 show on map
tel: 323-521-1368
Hours:
Monday: 8AM–8PM
Tuesday: 8AM–8PM
Wednesday: 8AM–8PM
Thursday: 8AM–8PM
Friday: 8AM–8PM
Saturday: 8AM–8PM
Sunday: Closed
3.75
48 reviews
Ace Cash Express
1561 W Sunset Blvd, Los Angeles, CA 90026 show on map
tel: 213-481-0241
Hours:
Monday: 9AM–6PM
Tuesday: 9AM–6PM
Wednesday: 9AM–6PM
Thursday: 9AM–6PM
Friday: 9AM–7PM
Saturday: 9AM–5PM
Sunday: Closed
3.70
9 reviews
Continental Currency Services
5623 Whittier Blvd., Los Angeles, CA 90022 show on map
tel: 323-888-9632
Hours:
Monday: 9AM–6:30PM
Tuesday: 9AM–6:30PM
Wednesday: 9AM–6:30PM
Thursday: 9AM–6:30PM
Friday: 9AM–7PM
Saturday: 9AM–6PM
Sunday: 10:30AM–4PM
3.60
90 reviews
Speedy Cash
3555 W Slauson Ave, Los Angeles, CA 90043 show on map
tel: 323-296-0260
Hours:
Monday: 8AM–8PM
Tuesday: 8AM–8PM
Wednesday: 8AM–8PM
Thursday: 8AM–8PM
Friday: 8AM–8PM
Saturday: 8AM–8PM
Sunday: Closed
3.60
79 reviews
Ace Cash Express
1232 E Florence Ave, Los Angeles, CA 90001 show on map
tel: 323-584-8211
Hours:
Monday: 9AM–7PM
Tuesday: 9AM–7PM
Wednesday: 9AM–7PM
Thursday: 9AM–7PM
Friday: 9AM–7PM
Saturday: 9AM–5PM
Sunday: Closed
3.60
57 reviews
Ace Cash Express
2534 Daly St, Los Angeles, CA 90031 show on map
tel: 323-276-8809
Hours:
Monday: 9AM–7PM
Tuesday: 9AM–7PM
Wednesday: 9AM–7PM
Thursday: 9AM–7PM
Friday: 9AM–7PM
Saturday: 9AM–5PM
Sunday: Closed
3.50
19 reviews
Check into Cash
10401 Venice Blvd, #103, Los Angeles, CA 90034 show on map
tel: 310-202-6858
Hours:
Monday: 10AM–6PM
Tuesday: 2–6PM
Wednesday: 10AM–6PM
Thursday: 2–6PM
Friday: 10AM–6PM
Saturday: 10AM–1PM
Sunday: Closed
3.50
14 reviews
Continental Currency Services
1890 S. Western, Los Angeles, CA 90006 show on map
tel: 323-734-8632
Hours:
Monday: 9AM–8PM
Tuesday: 9AM–8PM
Wednesday: 9AM–8PM
Thursday: 9PM–8AM
Friday: 9AM–8PM
Saturday: 9AM–8PM
Sunday: 10AM–5PM
3.40
339 reviews
Speedy Cash
454 W Florence Ave Unit 102/103, Los Angeles, CA 90003 show on map
tel: 323-751-7509
Hours:
Monday: 8AM–8PM
Tuesday: 8AM–8PM
Wednesday: 8AM–8PM
Thursday: 8AM–8PM
Friday: 8AM–8PM
Saturday: 8AM–8PM
Sunday: Closed
3.40
210 reviews
Speedy Cash
3447 E Cesar E Chavez Ave, Los Angeles, CA 90063 show on map
tel: 323-268-2825
Hours:
Monday: 8AM–8PM
Tuesday: 8AM–8PM
Wednesday: 8AM–8PM
Thursday: 8AM–8PM
Friday: 8AM–8PM
Saturday: 8AM–8PM
Sunday: Closed
3.40
193 reviews
Ace Cash Express
7205 S Figueroa St, Los Angeles, CA 90003 show on map
tel: 323-789-1210
Hours:
Monday: 8AM–7PM
Tuesday: 8AM–7PM
Wednesday: 8AM–7PM
Thursday: 8AM–7PM
Friday: 8AM–7PM
Saturday: 9AM–6PM
Sunday: Closed
3.25
9 reviews
Continental Currency Services
4201 West Pico, Los Angeles, CA 90019 show on map
tel: 323-938-4070
Hours:
Monday: 9:30AM–6PM
Tuesday: 9:30AM–6PM
Wednesday: 9:30AM–6PM
Thursday: 9:30AM–6PM
Friday: 9:30AM–7PM
Saturday: 9AM–6PM
Sunday: 10AM–4PM
3.20
21 review
Cashback Loans
107 N. Avenue 64, Suite A, Los Angeles, CA 90042 show on map
tel: 323-259-0993
Hours:
Monday: 9:30AM–5:30PM
Tuesday: 9:30AM–5:30PM
Wednesday: 9:30AM–5:30PM
Thursday: 9:30AM–5:30PM
Friday: 9AM–6PM
Saturday: 10AM–4PM
Sunday: Closed
3.15
427 reviews
Speedy Cash
1801 W 6th St, Los Angeles, CA 90057 show on map
tel: 213-989-0121
Hours:
Monday: 8AM–8PM
Tuesday: 8AM–8PM
Wednesday: 8AM–8PM
Thursday: 8AM–8PM
Friday: 8AM–8PM
Saturday: 8AM–8PM
Sunday: Closed
3.15
70 reviews
Ace Cash Express
4948 W Pico Blvd, Los Angeles, CA 90019 show on map
tel: 323-964-1247
Hours:
Monday: 9AM–7PM
Tuesday: 9AM–7PM
Wednesday: 9AM–7PM
Thursday: 9AM–7PM
Friday: 9AM–7PM
Saturday: 9AM–6PM
Sunday: Closed
3.10
54 reviews
Ace Cash Express
1514 S Vermont Ave, Los Angeles, CA 90006 show on map
tel: 213-382-2390
Hours:
Monday: 9AM–7PM
Tuesday: 9AM–7PM
Wednesday: 9AM–7PM
Thursday: 9AM–7PM
Friday: 9AM–7PM
Saturday: 9AM–5PM
Sunday: Closed
3.10
41 review
Continental Currency Services
559 S. Broadway, Los Angeles, CA 90014 show on map
tel: 213-624-1666
Hours:
Monday: 8AM–7:30PM
Tuesday: 8AM–7:30PM
Wednesday: 8AM–7:30PM
Thursday: 8AM–7:30PM
Friday: 8AM–7:30PM
Saturday: 9AM–7PM
Sunday: 10AM–4PM
3.10
21 review
Check into Cash
3829 South Crenshaw, Los Angeles, CA 90008 show on map
permanently closed
3.00
27 reviews
California Check Cashing Stores
3404 W. Florence Ave, Los Angeles, CA 90043 show on map
tel: 323-778-1200
Hours:
Monday: 9AM–7PM
Tuesday: 9AM–7PM
Wednesday: 9AM–7PM
Thursday: 9AM–7PM
Friday: 9AM–7PM
Saturday: 10AM–2PM
Sunday: 10AM–2PM
2.95
18 reviews
Continental Currency Services
11712 Wilmington Ave, Los Angeles, CA 90059 show on map
tel: 323-567-7200
Hours:
Monday: 8AM–8PM
Tuesday: 8AM–8PM
Wednesday: 8AM–8PM
Thursday: 8AM–8PM
Friday: 8AM–8PM
Saturday: 8AM–7PM
Sunday: 10AM–4PM
2.90
87 reviews
Ace Cash Express
6214 S Vermont Ave, Los Angeles, CA 90044 show on map
tel: 323-789-4990
Hours:
Monday: 9AM–7PM
Tuesday: 9AM–7PM
Wednesday: 9AM–7PM
Thursday: 9AM–7PM
Friday: 9AM–7PM
Saturday: 9AM–5PM
Sunday: Closed
2.90
79 reviews
Ace Cash Express
2850 Crenshaw Blvd, Los Angeles, CA 90016 show on map
tel: 323-731-2445
Hours:
Monday: 9AM–7PM
Tuesday: 9AM–7PM
Wednesday: 9AM–7PM
Thursday: 9AM–7PM
Friday: 9AM–7PM
Saturday: 9AM–5PM
Sunday: Closed
2.85
118 reviews
Ace Cash Express
1754 W Slauson Ave, Los Angeles, CA 90047 show on map
tel: 323-298-8850
Hours:
Monday: 8AM–7PM
Tuesday: 8AM–7PM
Wednesday: 8AM–7PM
Thursday: 8AM–7PM
Friday: 8AM–7PM
Saturday: 9AM–6PM
Sunday: Closed
2.80
26 reviews
California Check Cashing Stores
3127 N. San Fernando Road, Los Angeles, CA 90065 show on map
tel: 323-258-2606
Hours:
Monday: 10AM–6PM
Tuesday: 10AM–6PM
Wednesday: 10AM–6PM
Thursday: 10AM–6PM
Friday: 10AM–7PM
Saturday: 10AM–2PM
Sunday: Closed
2.80
5 reviews
Continental Currency Services
4209 Washington Blvd, Los Angeles, CA 90018 show on map
tel: 323-734-9974
Hours:
Monday: 10AM–6:30PM
Tuesday: 10AM–6:30PM
Wednesday: 10AM–6:30PM
Thursday: 10AM–6:30PM
Friday: 10AM–6:30PM
Saturday: 8AM–7PM
Sunday: Closed
2.60
26 reviews
Continental Currency Services
2100 W. 7th St, Los Angeles, CA 90057 show on map
tel: 213-383-9230
Hours:
Monday: 8AM–8PM
Tuesday: 8AM–8PM
Wednesday: 8AM–8PM
Thursday: 8AM–8PM
Friday: 8AM–8PM
Saturday: 8:30AM–7PM
Sunday: 9AM–6PM
2.55
20 reviews
Continental Currency Services
8565 S. Broadway #1, Los Angeles, CA 90003 show on map
tel: 323-758-6632
Hours:
Monday: 8AM–9PM
Tuesday: 8AM–9PM
Wednesday: 8AM–9PM
Thursday: 8AM–9PM
Friday: 8AM–9PM
Saturday: 9AM–7PM
Sunday: 9AM–6PM
2.40
6 reviews
Check into Cash
5150 Huntington Drive, Suite 107, Los Angeles, CA 90032 show on map
tel: 323-223-1745
Hours:
Monday: 10AM–6PM
Tuesday: 2–6PM
Wednesday: 10AM–6PM
Thursday: 2–6PM
Friday: 10AM–6PM
Saturday: 10AM–1PM
Sunday: Closed
2.15
5 reviews
Continental Currency Services
4373 South Vermont Ave, Los Angeles, CA 90037 show on map
tel: 323-232-6006
Hours:
Monday: 9AM–7PM
Tuesday: 9AM–7PM
Wednesday: 9AM–7PM
Thursday: 9AM–7PM
Friday: 9AM–7PM
Saturday: 9AM–6PM
Sunday: 10AM–6PM
1.90
6 reviews
Continental Currency Services
2417 E. Cesar Chavez Ave, Los Angeles, CA 90033 show on map
tel: 323-260-4830
Hours:
Monday: 9AM–7PM
Tuesday: 9AM–7PM
Wednesday: 9AM–7PM
Thursday: 9AM–7PM
Friday: 9AM–7PM
Saturday: 10AM–6PM
Sunday: 11:30AM–5PM
1.80
8 reviews
Continental Currency Services
1675 S. Martin Luther King Blvd, Los Angeles, CA 90062 show on map
tel: 323-296-2669
Hours:
Monday: 8AM–9PM
Tuesday: 8AM–9PM
Wednesday: 8AM–9PM
Thursday: 8AM–9PM
Friday: 8AM–9PM
Saturday: 8AM–8PM
Sunday: 9AM–6PM

Latest Reviews

Heaven Brown
5 / 5 Nov 23, 2021
about Speedy Cash's office
454 W Florence Ave Unit 102/103, Los Angeles, CA 90003
Kalila Houston
5 / 5 Nov 20, 2021
about Speedy Cash's office
123 E Vernon Ave, Los Angeles, CA 90011
Chuckie Arnold
5 / 5 Nov 20, 2021
about Speedy Cash's office
1801 W 6th St, Los Angeles, CA 90057
Zina K.
1 / 5 Nov 18, 2021
about Continental Currency Services's office
2100 W. 7th St, Los Angeles, CA 90057
P G.
1 / 5 Oct 1, 2021
about Speedy Cash's office
1801 W 6th St, Los Angeles, CA 90057
Chance C.
5 / 5 Sep 9, 2021
about Check into Cash's office
3829 South Crenshaw, Los Angeles, CA 90008

I’m the mother of two kids and believe me they are the great trouble sometimes, not just for me but also for the family budget. You never know when they tear their shirts or pants, not mentioning them growing out of the shoes so fast you feel like never getting out of the shops. My husband earns enough money for all of us, yet there are times when we need the money immediately and cannot wait for the salary. Due to a lot of expenses we can’t save some considerable sum of money for the emergency situations, which is why the payday loans are saving us regularly. Usually it takes us up to two weeks to pay back the loan, as my husband gets enough salary to cover the sums and the small fees of the loans we take. We like working with the defined company, they always give us the money right when we need them, moreover they always keep the fees low, and so we have no reason to be nervous about the delays in payments. On the other hand once we returned the money literally the next day, and the company accepted the sum and closed the debt immediately. ...

Trenton
4 / 5 Mar 20, 2012
about PLS's office
1605 South Hoover Str, Los Angeles, CA 90006

Payday Loans in Los Angeles

Los Angeles is a major city located in Southern California, the USA. Being the second most populous one in the United States, it concentrates a good share of political, financial, and business life both inside and outside the nation. It is home to thousands of organizations, both major and minor, which deal in areas concerning the scope of financial and business matters – banks, industrial enterprises, trade- and business centers, payday lenders, pawnshops, etc.

Los Angeles offers a range of venues for those who are facing a financial emergency: there one can find several legally operating payday loan lending organizations. They offer quick loans, which could help one bridge a financial gap between the current day and the next paycheck. The best-known ones include Continental Currency Services, Ace Cash Express, Speedy Cash, Check into Cash, Advance America, Check’n Go. Some of these have expanded into networks with about 20 offices distributed around the city, as well as nearby cities (Anaheim, Fullerton, Pamona, Pasadena, Ontario, etc.) It is quite so possible to get a loan without having to attend an office: major payday loan lenders provide loans online.

Los Angeles Payday Loans Legal Aspects

Although payday loans are a legal practice in Los Angeles, the law of California tends to be a little restrictive on lenders and borrowers. Lenders are not allowed to grant more than $300 and for longer than 31 days. Charges should not exceed 15% per $100, the APR cap is 460%.

The local law does not allow rollovers or any rough actions against borrowers who fail to pay on time. Borrowers are not allowed to discharge an existing debt by taking another loan. This appears to be part of the effort to secure residents against continuous indebtedness. Generally, payday loan lenders are less tough on clients with poor credit histories than banks. The whole procedure takes several minutes or even moments for those who use an online service.

Complain in Los Angeles

Department of Consumer and Business Affairs
Send payday loan complaints by special form.

Los Angeles Payday Loans Stats

  • In the 2008 year:
    • Los Angeles County had 27% of all payday loan lenders in California or 6.3 lenders per 100,000 residents.
    • The California Budget Project showed how the stores are located in the districts regarding income.

Store Locations vs Household Income

Census.gov Data of Households Income as of 2019 and Offices Distribution as of 2021.
Legend:
Less than $25,000
$25,001 - $50,000
$50,001 - $75,000
$75,001 - +$100,000

Los Angeles is a major city located in Southern California, which offers around 56 payday loan lending organizations. The number is not a small one. But why does such a large city with a supposedly high median income has so many loans stores? To see the correlation between the number of payday loans stores and household income, let’s turn to the map.

Despite the average Los Angeles household income of $62,000, the map shows a number of up-to-­$50,000-income households in most southern districts: Central Alameda, Avalon Gardens, Vermont Square, and more.

Along with it, we find more payday loans stores in these low-income neighborhoods. The densest districts include South Los Angeles, Westlake, or Park Mesa Heights. The correlation persists in some northern areas of the city as well – Panorama City and Van Nuys districts, for example, have households with lower income and, accordingly, more organizations of the kind.

The same tendency can be seen in the low-income suburbs of Los Angeles to the North-East (El Monte district) and South-East (Huntington Park, Compton, Bell Gardens) of the city where a greater number of payday loan stores are located.

On the contrary, the areas with household income exceeding $75,000 don’t abound in payday loans stores. Thus, we can’t see any payday lenders in northern (Shadow Hills, Granada Hills), north-western (Tarzana, Encino, Bel Air), and western areas (Playa Vista, Century City, Beverly Hills) of Los Angeles.

In this way, the map proves that in Los Angeles payday lenders are most likely to be found in districts with households earning up to $50,000 on average.

Los Angeles Timeline News

  • November 2017, the Los Angeles County Board of Supervisors got a letter from the community (signed by 80 leaders) to limit payday loans in the city. The call is aimed at limiting the location of storefronts near densely populated places.

Los Angeles Financial Assistance


Houston General Information

Located in Southern California, on the Pacific coast, Los Angeles is the seat of the Los Angeles county that encompasses scores of towns and cities and several islands. The city sprawls between the coast and a range of low mountains, actually being a group of settlements loosely connected to the downtown area.

Los Angeles was founded in 1781 when several Mexican families arrived and settled in the area. At that time, the would-be city of Los Angeles was but a small bunch of brick homes. It was named El Pueblo de la Reyna de Los Angeles (the Spanish for “The Town of the Queen of the Angels”) and later the Сuidad des Los Angeles (the Spanish for “The City of Angels”). The area was under Spanish/Mexican rule until 1848 when the city and the rest of Southern California became part of the United States. The city itself was incorporated as the seat for the County of Los Angeles in 1850.

The Gold Rush was the first major economic boost for the area, as it attracted hundreds of residents to the Antelope Valley and areas north of the town. The inflow of settlers continued through the Civil War and afterward, resulting in a boom of the mining industry and extraction/shipment of gold and other high-value metals (silver and copper). By the time of incorporation, Los Angeles became a melting pot of cultures brought in by Indians, Spaniards, Mexicans, African Americans, English, French, Germans, Chinese.

The immigration continued through the 20th century and contributed to the city’s economic growth (railroad building, oil industry, agriculture, irrigation, etc.) and its extremely diverse culture represented by more than 100 nationalities. The introduction of television in the 1950s fueled the developing movie industry and paved the way for what now is the biggest symbol of the entertainment industry – Hollywood. As the region’s economy grew, major banking institutions would arrive and settle here to provide loans for thriving businesses.

Los Angeles Today: Population and Housing

Today’s Los Angeles population is approaching 4 million (municipal) and 13 million (urban) residents. The city is renowned for its ethnic diversity. Largely, it resulted from the 1960s immigration policies, which welcomed all skilled and educated U.S. residents regardless of race or ethnicity. The continuing immigration, both legal and illegal, from inside the country, as well as from Mexico, Central and Latin America (high birth rate areas) resulted in the Hispanic/Latino population outnumbering the non-Hispanic white population (50% to 30%). The African American population accounts for 9%, Asian – for 11%.

Along with Hispanic, West European, and African American groups, today’s Los Angeles population is presented by Japanese, Chinese, Vietnamese, Korean, Russian, Iranian, Philippine, Thai, Iranian, Arab, Cambodian, and many other communities.

Today’s Los Angeles is witnessing racial resegregation, as the number of whites continues to decrease, while the Latino and Asian populations are booming. It is expected that in areas like Covina, for example, the Latino population will prevail in the foreseeable future. This happens because Latinos and Asians demonstrate a much higher birth rate and a more pronounced community spirit.

Right now, the median age of Los Angeles’s population is around 35 years old. Labor force participation reaches 66% with an unemployment rate of 8.1. The median family dual income is around $54,000 at the same time the median individual income value is $25,302.

The proportion of low-, medium- and high-income population tends to be roughly equal:

  • 20% of the population have a yearly income of $20,000 or lower;
  • 27% – $20,000 to 50,000;
  • about 26% of the population get paid $50,000 to $100,000
  • and about 27% boast an income of $100,000 or higher.

Given the fact that payday loans are mostly the choice of low- and medium-income people (47% of the Los Angeles population), payday lenders are in for a treat in Los Angeles. That’s why there are quite a plethora of such companies in the city and the rest of the state.

Los Angeles boasts a dynamic and competitive housing and real estate market compared to many U.S. cities. Over the period between 2017 and 2018 home prices grew substantially (in some areas by 8% or so). By now the growth has tapered and averages 3%. In June 2019, the average home price in the City of Los Angeles was $618,000. With a median rent size of $2085 and a rent burden (a percentage of the median renter’s household income) of 27% – among the highest in the United States – up to 36.8% of residents own a home.

Business in Los Angeles

Until the 1990s, lots of other companies representing different spheres of economy, such as technology, aerospace, petroleum, had branch offices or were headquartered in and around Los Angeles. The 1990s recession contributed to a shift toward retail, entertainment, finance, banking, lending (particularly payday lending), accommodation, restaurant, education, government, and other non-manufacturing businesses.

Los Angeles and the rest of California are home to a lot of businesses representing a variety of spheres. For example, Wells Fargo (San Francisco) is a top financial service with a staff of around 259,000 employees. The Walt Disney Company (Burbank), Paramount Pictures, and Twentieth Century Fox Film Corp (the City of Los Angeles) are large and world-renowned media groups. The Los Angeles United School District is a major public educational center with a staff of more than 37,000 employees. Californian authorities impose sales and use taxes that are among the highest in the United States. This makes it hard for minor companies to withstand financial burdens.

Los Angeles Residents Debt-to-Income Ratios
Los Angeles residents have 675 median credit score and the average number of late payments is about 3.78. Below represented DTI (Debt-to-Income) ratios shows how Los Angeles residents debts stacks up against their income. As of 2020.
Credit Card DTI
6.01%
Mortgage DTI
737.30%
Car Loan DTI
29.84%
Student Loan DTI
42.90%
Los Angeles Residents Financial Statistics
Below represented statistics is for Los Angeles, Los Angeles County, California. As of 2019.
Median age of Los Angeles's residents, years
35
Labour force participation rate, %
66.6%
Unemployment rate, %
6.3%
% of residents with no health insurance
11.4%
Median individual income, USD
$28,072
Median household income, USD
$62,142
% of households with income under $35,000
30.4%
% of households with income $35,000 - $75,000
26.9%
% of households with income $75,000 - $100,000
11.4%
% of households with income over $100,000
31.3%
% of households that own their residence
36.8%
Median home value owned by residents, USD
$636,583
Median rent cost, USD
$1,450
Rent Burden, %
38.0%
Some official sources of data we used to build this page:
ACS CENSUS IRS USGS
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