Chico Payday Loans: Subprime Report
An OppLoans Guide to Getting The Help You Need

Life can be hard. Many of us know what it feels like to be strapped for cash, and to worry about paying rent or a mortgage. Unexpected bills and expenses can make it even more difficult. But you shouldn’t have to decide between paying your medical bills, and repairing your car so you can make it to work. Yet many people are forced with decisions like this every day. If you live in Chico and need help paying your bills, finding a shelter or getting counseling for substance abuse, there are resources available to you.

Borrowing Money in Chico, California

Many people turn to borrowing money in Chico as a possible financial solution. Borrowing can be a helpful and strategic way to bridge the distance between where you are and where you want to be financially. But borrowing can also be a high-risk proposition. If you’re not careful, predatory lenders can trap you in an endless cycle of debt. There are better borrowing options, you just need to know what to watch out for.

Payday Cash Advance Loans in Chico
A risky short-term solution with long-term negative effects.

You’ve no doubt seen online advertisements, billboards or television ads for cash advance loans. Also referred to as “payday loans“, these high-cost loans are readily available in Chico, and they’re targeting low-income individuals and families. Payday loans in Chico are risky, and may not be the solution you’re looking for.

When you take out a payday loan, you promise to return the money plus fees and interest, once you get your next paycheck. These lenders typically rely on customers who won’t be able to pay off the loan, this way they can add additional fees and make more money in the long run. Luckily, in Chico, and in California in general, payday lenders have stringent laws they must follow.

Under the California Deferred Deposit Transaction Law, payday lenders in Chico are not allowed to issue loans for more than $300. In addition, they cannot charge more than a 15% fee for the amount you’re borrowing, and the loan term cannot be longer than 31 days. This cuts down on the amount of people that will get stuck in a cycle of debt.(3)

If you’ve already taken out a payday loan or have questions about payday loans, contact the Consumer Financial Protection Bureau at (855) 411-2372.

Personal Installment Loans in Chico
The terms you want and the flexibility you deserve.

OppLoans offers personal installment loans that can help you in any situation. A personal installment loan in Chico may be the answer you’re looking for. Lower rates, flexible payments and longer terms mean you can build your credit, and get the cash you need.

Apply online for an OppLoan and get your cash as fast as the next business day! The flexible payments and fixed rates mean you’ll always know what your monthly payment will be.

OppLoans offers cash loans from $1,000 to $10,000, and your repayment period can be between 6 and 36 months. We’ll never charge prepayment, origination or application fees, and OppLoans’ interest rates are usually 70-125% lower than other personal loans. Call us today or visit us online to find out why customers rate us 4.9 out of 5 stars.

Contact the OppLoans Team by phone at (800) 990-9130, Monday – Friday 7am to 7pm or Saturday 9am to 4pm central time. Or email us at

More Resources:

See more local California guides below:
Anaheim | Bakersfield | Chico | Fresno | Los Angeles | Modesto | Oakland | Redding | Riverside | Sacramento | San Diego | San Francisco | San Jose | Santa Barbara | Stockton


  1. “Chico Employment Information” Area Vibes. Accessed February 5, 2016.
  2. “Looking Homelessness in the Eyes” Accessed February 5, 2016
  3. “California Payday Loans: What Consumers Need to Know” Accessed February 5, 2016. /Payday_Lenders/what_consumers_need_to_know.asp
  4. McCune, Jenny. “Dangers of Debt Consolidation” Bankrate. Accessed February 5, 2016.
  5. Buck, Claudia. “State urges California consumers to be wary of auto-title loans” The Sacramento Bee. December 12, 2014. Accessed February 5, 2016.

*OppLoans is not affiliated with any of the programs, services or organizations referenced on this page.