F.A.Q.
What is understood under Payday Loan or Cash Advance?
This terms stand for unsecured, short-term cash advance until your payday. They are presupposed for small expenses usually of an unexpected character and are very beneficial in avoiding late repayment penalties. These loans can be applied online and after the approval they are deposited to a person's checking account.
What purposes can Payday Loans be used for?
There are no restrictions for the usage of these loans - whatever you need cash for, whatever expense seems appropriate to you.
What is the loan amount I can get?
The amount of the loan depends on the information in your application, and on the amount of your income in particular. Generally, a person can borrow up to $1500 initially. In case the repayment was successful, the amount can be increased.
What are the fees for Payday Loans?
We offer competitive fees all in accordance to the state law. Generally, the average fee ranges from $25 to $30 for every $100 that you borrow.
Who is eligible for applying for Payday Loans?
General requirements presuppose that an applicant should be permanently employed and have got a minimal income of $1000 a month. Moreover, the borrower should be over 18 years of age and a U.S. citizen with a possession of a checking or savings account.
How does the online application procedure look like?
The whole process is not at all complicated, all that is required is to fill in the online application form and submit it. After the approval is received you can expect your money on your account within one business day.
What should I indicate in the application form?
Basically, it is your personal information, such as your name and address, as well as employment informational and your picture identification.
How can I be sure that my application and financial information are not at risk?
We treat the privacy of our customers with great respect and therefore we have got a set of security measures (128 bit Secure Socket Layer (SSL) encryption technology) to make sure all the customers' information is safe.
Do you charge for the application?
No, the application for Payday Loans is absolutely free of charge.
Does it mean that by filling in the application I become obligate to take out the loan?
No, application is only an indicator that you are waiting for an approval. You may withdraw your request any time you like. Feel free to contact any of our representatives for any additional information and help.
Are people with bad credit eligible for Payday Loans?
There is no problem to get an instant approval payday loan even if your credit score is poor. Do not hesitate to apply for a Payday Loan here even if you got rejection with other lending companies.
I'm a tenant - can this be considered a problem?
This is an unsecured loan; therefore, it makes no difference at all.
Will I need any faxing?
No, online application is all that is required.
Is it possible to take multiple payday loans?
No, it is not allowed to take more than one payday loan at a time. The next in granted after the first is repaid successfully.
Are former or current employers contacted somehow?
No, there is no need in this. The lenders adhere to the policy of confidentiality and you can be sure that your information is safe.
Is direct deposit needed?
Your loan can be processes only if your paycheck is direct deposited.
When can I get the cash?
Generally, applications are processed within 30 minutes. After they are approved you can expect the money on your account with one business day.
How am I notified of the approval?
Email notification is sent to those applicants who are waiting for the approval. Make sure you make amends to your application before the money is transferred to your account.
What is the repayment period?
Generally, Payday Loans are given until your next paycheck, for a period from 8 to 25 days. This term can be different in each state.
Can I repay earlier?
In this case you should contact us and we will handle it. You may even be entitled to get a refund in the amount of a part of your loan fee.
What happens if I cannot repay in due time?
In this case you are eligible to apply for a loan extension.
Generally, there are 3 options of repayment: either you pay the loan in full on due date; or you pay the finance fee and a portion of the principle on or before due date; or you repay just the finance fee on the due day.
How often is it possible to apply for a Payday Loan?
Any time when you need cash. We are here to help in any urgent situations. However, keep in mind that it is a temporary solutions and should not be used too often.