$255 Payday Loan in California – Fast Cash Through 24CashFast
Unexpected expenses can pop up at the worst time. A $255 payday loan lets you borrow a small amount and repay it with your next paycheck.
Getting approved for a payday loan in California doesn't require visiting multiple lender websites or filling out endless paperwork. Through 24CashFast's streamlined system, California residents connect with dozens of state-licensed payday lenders using just one application.
How a $255 Payday Loan Works in CA
California’s Deferred Deposit Transaction Law limits payday loans to a maximum of $300. The most common request is $255 because lenders keep the legal fee and hand you the rest in cash or by direct deposit. You repay the full $255 on your next payday, usually 14–31 days later.
Typical Terms and Conditions
State rules make every licensed lender follow the same pricing model:
|
Loan Amount |
Maximum Fee Allowed |
Total Pay-off Amount |
Approx. 14-Day APR* |
|
$100 |
$17.65 |
$117.65 |
460% |
|
$255 (most common) |
$44.96 |
$255.00 |
435% |
*APR is shown for a 14-day term. Actual APR varies with the exact repayment date.
Only one outstanding payday loan is allowed at a time, and rollovers (renewing the same loan for new fees) are banned in California. If you need more time, you must ask the lender for an extended payment plan before the due date. They must offer you a no-cost plan of at least four equal payments.
Eligibility Requirements
Lenders focus on your ability to repay rather than on perfect credit. You generally need:
- California residency with a valid physical address
- Government-issued photo ID (driver’s license, state ID, or passport)
- Active checking account that accepts ACH transfers
- Steady verifiable income (job, self-employment, benefits) of at least $1,000/month
- Age 18 or older
- No current outstanding payday loan in California
Can You Qualify With Bad Credit?
California payday lending operates differently than traditional bank loans when it comes to credit requirements. Most lenders care more about your next paycheck than your credit history, using specialized databases like Teletrack rather than standard credit reports. Past financial difficulties may narrow your choices, but won't necessarily prevent approval if you demonstrate steady income.
Step-by-Step Application Through 24CashFast
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Complete the secure form with your contact, income, and bank details (about 3 minutes).
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Review real-time offers on screen and choose “Accept” for the best match.
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E-sign the lender’s contract. Read the fee schedule carefully before signing.
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Watch for the deposit—often within hours if you sign early in the business day.
Because your request reaches many lenders at once, you avoid the biggest cause of delay—re-applying after a decline. That means faster decisions and a better shot at same-day funding.
Same-Day Funding: What Matters
Lenders can usually deposit funds the same business day if you sign the contract before 10:30 a.m. PT. Submitting your application late in the afternoon, on weekends, or on bank holidays may push funding to the next business day. Keep your phone close; lenders may call or text to confirm details before releasing money.
State Protections You Should Know
The California Department of Financial Protection and Innovation (DFPI) licenses and audits every payday lender. Key borrower rights include:
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No criminal action for non-payment—failure to repay is civil, not criminal.
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Maximum one NSF fee of $15 if your payment bounces.
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Free repayment plan of at least 4 installments if requested before the due date.
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No harassment or threats from collectors; the Rosenthal Fair Debt Collection Practices Act applies.
Bottom Line
A $255 payday loan can help you handle a real emergency when you have no other quick option. California caps the fee at $17.65 per $100, so you know the exact repayment amount before you borrow.
Through 24CashFast, your one application gets sent to several licensed lenders, which gives you better chances of approval and reduces the waiting time from when you need money to when you actually get it.
FAQ's
Yes, you can get a $255 payday loan with bad credit as many direct lenders perform only a soft credit check for approval.
You could receive your payday loan of $255 as soon as the same day if you submit your application to the lender quickly.
You will need to provide valid identification, proof of address, proof of income, and a list of your regular monthly expenses in order to apply for a $255 payday loan online. This information is necessary to ensure that you can repay the loan and that the lender is not taking on too much risk.