Frequently Asked Questions
You probably have a few questions about the loan process and we have tried to provide answers to those questions.
Below is a list of some common questions about online payday loans.
If you have other questions that are not answered here, feel free to contact us.
What Are Payday Loans?
A payday loan is simply a short term loan that is designed to help you out in certain financial situations.
These are commonly used for things like medical bills, car repairs, spending cash and other needs.
They are a fast and easy way to get money when you need it and you do not have time to take out a traditional loan with your bank.
You simply receive a direct deposit and then you pay back that loan on your next payday.
What Can I Use the Money For?
You can use your payday loan for whatever you want.
If your car needs new tires or you need to buy groceries or maybe you just noticed a great sale at the boutique and really want to splurge a little, it is entirely up to you what you use your money for.
In fact, we and the lenders in our network who provide you with money will not ask you what the loan is for.
In most cases, these credit solutions are used for emergencies and unexpected financial issues. This is your money to do with as you wish.
How Much Money Can I Get?
The amount of money that you qualify to borrow is based on a few different things. Your salary is one of the major determining factors.
The lenders in our network can lend from $100 to $1000 so if you qualify, you can ask as much as you want or need. If connected to a lender, they will make you an offer.
Please note: the rates and terms, as well as amount caps and limits, can vary from state to state.
What Are the Fees?
Our service is absolutely FREE. Learn more about lenders' rates and fees here.
How Do I Pay Back the Loan?
When your due date arrives to pay back the loan, your lender deducts it if you opt in for this procedure. Most of the loans from out lenders are payable on your next payday so if you get paid in 2 weeks then your payment will be due in 2 weeks on your payday.
The actual lending period can vary from lender to lender and you will learn more about your repayment date when you receive your loan agreement.
Is the Application Difficult?
No. Our loan request form is very easy to fill out. You simply need to provide the required information and hit the submit button.
It takes only about 2-3 minutes to complete the application and we will begin processing it as soon as we receive it.
Our fast processing of your information gives you a chance to get connected with a lender almost instantly, get their decision on the same day and, finally, helps you get access to money in as soon as in one business day.
Do I Need a Fax Machine?
In some cases, your lender will need to get more information about you and may ask to fax some documents.
What if I Have Bad Credit?
In many cases, it will not be a problem. Payday loans in most cases are available for the users even with bad credit score or insufficient credit history. Lenders may need to make credit checks to make a final decision about your loan.
What if I Change My Mind?
You are under no obligation to take the loan. If you change your mind you can simply stop the process at any time. Your lender will send you a notification of approval along with a loan agreement that clearly outlines the terms of your loan.
There are no hidden fees and everything is spelled out for you in black and white. If you decide not to take the loan, simply do not sign and return the agreement.
What Do I Need to Qualify?
It's required that you are at least 18 years old, have a valid checking or savings account that accepts direct deposits and that you have a steady source of income.
Still, this list of qualifications is not exclusive (requirements vary from lender to lender, these are the basic ones).
What Do You Do with My Personal Information?
We use the information to try to connect you with the lender who can offer you a loan according to your request.
How Many Advances Can I Have?
It's recommended that you don't have more than one loan at a time because cash advance loans are extreme financial solutions and should be used only in emergency cases. Requirements regarding simultaneous loans vary from state to state.
How Long Will it Take to Get the Money?
We begin processing your application the instant that you submit it. In most cases, you can have your funds in your account in as little as one business day.
What if I Can't Pay it Back on Time?
If you think you may have issues with paying off the loan on time, please, contact your lender as soon as possible. It may help you avoid penalties and additional fees.