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Cathedral City, often known as Cat City by its residents, is a desert resort town in Riverside County, California. Its population is estimated to be approximately 55,000 people. This desert oasis is recognized for its cultural activities, upscale resorts, and country clubs, as well as its convenient position just 10 miles from Palm Springs. Housing & Food Services, Retail Sectors, Medical Services & Social Assistance, Infrastructure, Company executives & Organizations, and Technology are some of the major sectors in Cathedral City. Still, in Cathedral City, CA, 20.1 percent of those assessed for poverty live in extreme poverty.
The popularity of 24 hour payday loans is at an all-time high when it comes to the extra cash that the government distributes to Cathedral City citizens. Fast loans, despite their benefits and drawbacks, are nevertheless a helpful budgeting tool. In Cathedral City, California, you may apply for a maximum of $300 with quick approval and no documentation. If the balance owed is less than $30, payday providers are not permitted to impose more than $1 for every $5 borrowed. For a 14-day $100 loan, the highest annual interest rate is 309%, while the term duration is only 31 days.