Claremont is a hamlet in Los Angeles County, California, United States, located on the eastern side of the county. Claremont is noted for its tree-lined avenues and ancient structures, and it is home to the Claremont Colleges and other educational institutions. That’s why it is sometimes recognized as “The City of Trees and Ph. Claremont, California has a population of 36,058, with 16.4 percent of residents living in poverty. However, a Claremont resident’s typical household revenue is $89,648 per year, which is more than the national median.
If you dwell in Claremont, California, and are experiencing financial difficulties, the city can help. It has allowed unsecured loans, including payday loans, with a $300 cap on the amount that can be borrowed. You must, however, be a US citizen and at least 18 years old. According to state rules, these short-term loans have a 31-day repayment period and allow business owners to charge 15% interest on every $100 borrowed, for a total annual percentage rate of 460 percent. In addition, there is a $15 fine for insufficient money, and all unlawful acts are prohibited.