East Los Angeles, often known as East L.A., is a 121,187-person unincorporated region in Los Angeles County, California. In East Los Angeles, CA, 19.2 percent of the people for whom poverty status is determined live below the poverty line. In fact, East Los Angeles, CA has a median household income of $46,082, which is lower than the national average. Industries, Retail Trade, Health Care & Social Assistance, Utilities, Finance & Insurance, and Public Administration are the most well-paying businesses in East Los Angeles, CA.
Payday loans are at an all-time high in East Los Angeles when it comes to the additional finance that the government offers to its people. Fast loans, despite their benefits and drawbacks, are nevertheless a helpful budgeting tool. In East Los Angeles, California, you may apply for a maximum of $300 with quick approval and no documentation. If the loan amount is less than $30, payday lenders are not permitted to charge more than $1 for every $5 loaned. For a 14-day $100 loan, the highest annual percentage rate is 309%, while the shortest duration is only one month.