Cash N More at 21919 Sherman Way, Canoga Park, CA
The California Department of Business Oversight has been notified that a business operating under the name Cash N More of Canoga Park, California is offering deferred deposit transactions, commonly known as payday loans, to California residents without a license. Cash N More is misusing the fictitious business name of GVG Financial Services, a lender licensed by the Department. Cash N More is located at 21919 Sherman Way, Canoga Park, which is not a location of GVG Financial Services.
The Department advises consumers that using a licensed payday lender affords protections under state law related to disclosures, fees, and availability of funds, and provides recourse should there be a dispute with the lending company.
California consumers should contact the Department of Business Oversight to check on the licensing of companies, investments or other financial services they are considering by visiting the financial services licensee listing or calling the Department’s toll-free Consumer Services Office at 1-866-275-2677.