Payday Loans Frequently Asked Questions
Payday Loan: what is it?
A Payday Loan (or a Cash Advance Loan) is a short term Personal Loan that is repaid with a pre-authorized electronic withdrawal for your bank account on your next payday.
How long does it take to be approved?
It usually takes less than a day for approval after our affiliated lenders have received all your information.
Is my information secure?
Absolutely. We respect your privacy. Our system is designed to protect your personal information.
How will my information be used?
Please click on the following link for details on how the information you provide on our websites is being used: Click Here
What are the requirements for approval?
While the conditions vary from lender to lender, most of them require:
- A current job for at least 3 consecutive months.
- Take home a minimum of $1000.00 monthly after taxes.
- Valid bank account in your name.
- Current home and work phone number.
What if I have poor credit?
Our lenders often loan to people who have had past credit problems.
How much can I borrow?
Depending on the lender you will be matched with, you can borrow up to $1000,00.
Do you run a credit check for a payday loan inquiry?
No. Our payday loan lenders do not run credit checks. Consumer databases such as “Teletrack” may be used by some of our payday lenders for a fast approval.
How will I know that you will only withdraw what I owe on the loan?
Our lenders have no legal right to withdraw more from your account than you authorize in the loan agreement.
I have submitted the loan request. What should I do next?
A customer service representative will contact you shortly. An email with instructions on how to proceed has been sent to the email address you have provided.
What are your fees?
Our company provides this service absolutely free to you. The lenders you are matched with, however, do charge service fees which are the industry standard ($18.00 to $28.00 for each $100.00 borrowed).
When do I need to repay the loan?
Loan due dates are on your payday. While this may vary from lender to lender, generally the minimum number of days a loan can be taken for is 4 days, and the maximum number of days a loan can be taken for is 18 days.
I cannot submit my loan request.
If you are experiencing difficulties submitting your request, please use the following form
Loan Inquiry Form
How do I know about the status of my payday loan submission?
All applicants will receive their status through email. In some cases you will be contacted by phone.
Can I get a loan without a bank account?
No.
I am unemployed. Can I apply for a payday loan?
No.
How long does it take to get the money into my account?
Delivery of money into your checking account can usually be arranged either on the same day or the next banking day.
My online request could not be processed at this time. What does it mean and what should I do next?
Based on the information you provided, none of our lenders was able to provide the service you have requested. For more lending resource please Click Here
why is the amount of some ones funds have to be as much as 1,000 dollars per mo. to get a loan if you want to borrow 300.00
The term “As much as” means you don’t necessarily need to request that amount. You can request the amount you wish, on our secure form you will find we have multiple selections. Good luck thanks for reading!