PayDayOne LLC

Jan 22, 2014

The Department of Business Oversight has been notified that PayDayOne LLC is sending unsolicited emails to consumers offering payday loans.  This company lists its telephone number as (916) 288-8008, and its address as 1515 K Street, Suite 200, Sacramento, California 95814, which is the Sacramento address for the Department of Business Oversight. PayDayOne LLC is not licensed by the Department to engage in the business of making payday loans in the State of California.  PayDayOne LLC is using a name similar to a licensed company doing business under the names Payday One and Payday One of California. The Department advises consumers that licensure under California law means consumers will have protections related to disclosures, fees and protection of funds, and recourse should there be a dispute with the payday lender. California consumers should contact the Department of Business Oversight to check on the licensing of companies, investments or other financial services they are considering.  That can be done by visiting the financial services licensee listing or calling the Department’s toll-free Consumer Services Office at (866) 275-2677.