The Department of Business Oversight (DBO) has been notified an entity calling itself “Check City” is using, without authorization, the name and doctored license of “Check City, a dba of CCO California Inc.” They solicit would-be customers for a payday loan, ask for “the first payment” in advance, and then fail to deliver the loan. Check City and CCO California Inc. are DBO-licensed lending companies based in Utah, license # 1003412. The fraudulent entity, calling itself “Check City” and claiming to be in Virginia, is not licensed with DBO.
Using a licensed lending company affords protections under state law related to disclosures, fees and terms of repayment, and provides consumers recourse when they have a dispute with the firm.
The DBO advises individuals who receive such solicitations to verify the entity”s licensing status by visiting the DBO website at”https://docqnet.dbo.ca.gov/licensesearch/.