Payday Loan Lenders in Merced, CA

Money Mart

239 W 16th St, CA, Merced

(209) 723-2200

Check Into Cash

1206 W Olive Ave, CA, Merced

(209) 383-9118

Loan Mart-Payday Loans

550 W Olive Ave, CA, Merced

(209) 726-9570

Money Mart

550 W Olive Ave, CA, Merced

(209) 726-9570

Pay Day Financial

1740 Yosemite Park Wy, CA, Merced

(209) 385-3854

Check 'n Go

Check 'n Go

1102 W 16th St, CA, Merced

(209) 230-9301

Advance America

1828 W Olive Ave, CA, Merced

(209) 384-7621

ACE Cash Express

150 W Olive Ave, CA, Merced

(209) 385-2271

Merced (CA) Payday Loans Cooling Off

Payday loans in Merced, California does not have a cooling off period. Incidentally, a cooling off period is a specified interval within which the borrower can renege on the approved and signed (by debtor) contract of loan. It goes without saying that any amount received must be returned in full. The usual time frame is 48 hours.

Why Did California Not Include the Same?

Far be it for the author to go into the wisdom of legislators. But some experts believe that a cooling off period is unnecessary. This is because a payday loan is a contract between consenting adults. Once both parties agree to the contract, the same is binding.