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

San Francisco, CA Payday Loans Lenders

7 local stores from 4 companies located in San Francisco, CA
Rating
Reviews
Lender
4.70
64
reviews
Ace Cash Express
Ace Cash Express
has 1 office
4.40
22
reviews
Advance America
Advance America
has 1 office
3.55
88
reviews
California Check Cashing Stores
4.40
102
reviews
Money Mart
Money Mart
has 1 office

All San Francisco, CA Lenders Offices by Rating

* No affiliation with any of the companies listed on the page.
Rating
Office Address
4.70
64 reviews
Ace Cash Express
2038 Mission St, San Francisco, CA 94110 show on map
tel: 415-431-2383
Hours:
Monday: 9AM–6PM
Tuesday: 9AM–6PM
Wednesday: 9AM–6PM
Thursday: 9AM–6PM
Friday: 9AM–6PM
Saturday: 9AM–5PM
Sunday: Closed
4.40
102 reviews
Money Mart
500 Valencia Street, San Francisco, CA 94110 show on map
tel: 415-861-2220
4.40
22 reviews
Advance America
1450 Fillmore Street, San Francisco, CA 94115 show on map
permanently closed
3.90
12 reviews
California Check Cashing Stores
2531 Mission St, San Francisco, CA 94110 show on map
tel: 415-641-4003
3.70
16 reviews
California Check Cashing Stores
5129 Mission St, San Francisco, CA 94112 show on map
tel: 415-239-4000
3.50
40 reviews
California Check Cashing Stores
1098-B Market St, San Francisco, CA 94102 show on map
tel: 415-863-6755
3.10
20 reviews
California Check Cashing Stores
9 Kearny St., San Francisco, CA 94108 show on map
tel: 415-391-2274

Latest Reviews

M. Arostigui
5 / 5 Aug 22, 2021
about Ace Cash Express's office
2038 Mission St, San Francisco, CA 94110
kevin jimenez
5 / 5 Jul 14, 2021
about Advance America's office
1450 Fillmore Street, San Francisco, CA 94115
Jackie Jalomo
5 / 5 Jun 14, 2021
about Ace Cash Express's office
2038 Mission St, San Francisco, CA 94110
Sabrina R.
1 / 5 Mar 15, 2021
about Advance America's office
1450 Fillmore Street, San Francisco, CA 94115
Brandon C.
5 / 5 Feb 23, 2021
about Advance America's office
1450 Fillmore Street, San Francisco, CA 94115
Dolores Monye A.
5 / 5 Aug 8, 2018
about Advance America's office
1450 Fillmore Street, San Francisco, CA 94115

One of the really greatest advantages of your company is that I always get polite answers and timely service. There are a lot of places where you are supposed to be attended with all the possible courtesy but the reality isn’t like this in the most cases, unfortunately. However, with you it is always the best service and, to be honest, the best prices on loans. I am really glad that we have such an option in our city and that there are some decent people in this business. I wish you good luck in the future and do not let your standards drop. ...

Paul B.
4 / 5 Mar 20, 2012
about Ucfs's office
1738 44th Avenue, San Francisco, CA 94122

San Francisco Payday Loans Market

San Francisco is a major city in the Northern California, the USA. It is placed on the northernmost end of the San Francisco Peninsula in the San Francisco Bay. Its unique geographic location on the west coast of the continent gave the city a good start and contributed to its evolution into the city it is today. San Francisco is one of America’s biggest tourist destinations and a centerpoint of a variety of economic activities. It boasts a well-developed banking sector and quite a number of payday loan lending organizations.

Their work is strictly regulated by the Californian law. However, those who fully abide by the local legislation are doing well. Payday loan services are increasingly popular both in California and nationwide. This is because it takes much less time for a borrower to settle it with a payday loan lender, because lenders provide online services. Second, they welcome all categories of people, including those who have bad credit records. On the other hand, they charge much higher interest rates. Generally, those who address lawful firms are less likely to get in trouble. The most reputed lenders include ACE Cash Express, Check’n Go, Check Into Cash and Advance America.

SF Payday Law Information

According to the local law, payday lenders in San Francisco can grant a maximum of $300 for 31 days. They are not allowed to charge more than 15% per $100. In case a loan needs to be extended, lenders are not allowed to charge additional fees either.  The annual percentage rate should not exceed 460%. Rollovers are forbidden, as is trying to cover a current loan by taking another one. According to the state law, all payday lenders must be licensed by the Department of Business Oversight. Lawmakers are doing their uttermost to secure potential borrowers against all types of fraud and criminal abuse.

A Look into the Past of San Francisco

Founded in 1776 by a group of Spanish explorers, Yena Buena (that was the would-be city’s name when under Mexican rule) continued to be a small settlement and served as a port and naval base during war years. It began to get economic boosts in the mid-1800s, during the California Gold Rush times. The banking sector actually pioneered in the region (along with the military), as major banks (Wells Fargo, the Bank of California) took a standing here. The trend continued throughout the rest of the city’s history. The current rise in the payday loan industry is nothing less than a logic sequel to the story.

Population and Home Ownership

Today, the municipal population of San Francisco is 884,363; the urban figure reaches 3,603,760. The ethnic composition has changed greatly since the mid-1900s: non-Hispanic whites are giving up to Hispanic, Asian, Afro-American and other ethnic/racial groups: their share has dropped from around 92% in the 1940s down to less than 42% today. As of 2010, the population was represented by European whites (41.9%), Asians (33.3%), Hispanic/Latinos (15.1%), African Americans (6.1%), Native Americans (0.5%) and Pacific Islanders (0.4%).

The median age is 38.3 years old, 70.4% of the population are involved in labor with the unemployment rate reaching 5.4%, mean family size being 3.15, family dual income averaging $60,000 and individual income – $45,229. The median household income is $96,265.

The real estate market is quite so dynamic, living space is not affordable for most San Francisco residents. Medium home price is $1.3 million, which is higher than the rest of the United States. Medium rent size is $2435, rent burden reaches 22.7%. 

The growing rent and a decline in manufacturing have caused financial problems for part of the population. This has fueled the city’s payday loan lending sector. Introduction of online payday loan options has made these services even more attractive.

General Economy

San Francisco has a status of a global city. Although the manufacturing sector has declined, the city boasts a rapidly growing service sector with booming banking and payday loan lending services, as well as high-tech and tourism spheres (Apple, Facebook, Google and Twitter tech offices are located here). San Francisco county is the highest-income region in the entire nation.

San Francisco Residents Debt-to-Income Ratios
San Francisco residents have 749 median credit score and the average number of late payments is about 1.74. Below represented DTI (Debt-to-Income) ratios shows how San Francisco residents debts stacks up against their income. As of 2020.
Credit Card DTI
3.23%
Mortgage DTI
503.37%
Car Loan DTI
15.57%
Student Loan DTI
26.54%
San Francisco Residents Financial Statistics
Below represented statistics is for San Francisco, San Francisco County, California. As of 2019.
Median age of San Francisco's residents, years
38
Labour force participation rate, %
71.1%
Unemployment rate, %
4.2%
% of residents with no health insurance
3.7%
Median individual income, USD
$52,677
Median household income, USD
$112,449
% of households with income under $35,000
20.3%
% of households with income $35,000 - $75,000
16.0%
% of households with income $75,000 - $100,000
9.0%
% of households with income over $100,000
54.5%
% of households that own their residence
37.6%
Median home value owned by residents, USD
$1,098,790
Median rent cost, USD
$1,895
Rent Burden, %
24.0%
Some official sources of data we used to build this page:
ACS CENSUS IRS USGS
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San Francisco, CA
Payday Loans are legal* in California.
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