FAQ

Definition of Payday Loans

A payday loan is an unsecured loan available for those who wish to borrow money quickly. Payday loans can be taken out online for a short-term, emergency reason. They are useful for when an emergency occurs in which you may need money quickly, especially when a late payment can harm your credit score. Remember, other loans may be more appropriate for the circumstance you have found yourself in. You may find that it is less expensive to use your credit card for a money emergency instead of a payday loan, provided the card has not reached it’s limit.

Benefits of our Loans

If you are looking for a loan fast, a payday loan is the type you should choose. We offer loans to our customers quickly, without the hassle of tons of paperwork, credit checks or long waits. When you apply online, you can get your cash within 24 hours, and sometimes it takes even less time than that. Additionally, a payday loan may save you money in the long run if you are taking it out to avoid overdraft fees and late charges. Using a payday loan to pay on late bills or credit cards can also help keep your credit score up.

Confidentiality and Security

When you provide us your personal and financial information, believe us when we say it is safe and secure. Our site uses 128-bit encryption with every form and application to ensure your personal information is not stolen. A small lock icon will appear at the bottom of the browser page you use, which means that the page is encrypted for your safety. Only the lenders that process your loan application will have access to your information.

How can I be eligible?

To be eligible for a payday loan, you must be 18 years of age and a citizen of the United States. You must also be currently employed at the same place for 3 months, have an open checking account and receive at least $800 a month before taxes. Most people are already eligible for loans with our company!

How much can I borrow?

The amount of your loan is generally dictated by the laws of your state. After that, the lender that handles your loan will evaluate your salary to determine what you can reasonably pay back. Generally, the maximum amount of a payday loan is about $1,500.

How long does it take?

When you submit the application through our website, a lender will take a look at it right away to determine if you are eligible or not. If you are approved, your cash will be deposited into your account within 24 hours, and sometimes the very same day! To increase the chances that you are approved, make sure to pay off any previous cash advance loans you may have out.

How do I receive my money?

Once we approve you for a loan, we will send you an email to confirm it. Your loan will be direct deposited into the checking account that you have provided on your application, via an electronic funds transfer. After that, you can withdrawal the money or use your debit card or checks.

What about collateral and credit?

There is never any collateral required in order to be approved for a payday loan. All of your assets are safe during this transaction. There are also no credit checks, as well. Even issues such as bankruptcies and charge-offs will have no bearing on your application.

How will I know if I’ve been approved?

Once your payday loan lender approves your loan, you will get an email from us letting you know that your loan is on the way.

Will there be a fee?

No, there is never any fee to apply for a payday loan from our website.

I changed my mind. Am I still obligated to take out the loan?

No. The application is not the loan contract. Once submitted, you will be contacted by a loan representative who can answer any and all questions you may have about the loan process. If you do not want to continue with the loan, you can withdraw your application.

How is the loan repaid?

The loan is generally good for a period of between 8 to 25 days, and is to be repaid on your next payday. It will be automatically withdrawn, plus fees, from the account that it was previously deposited into.

What if I can’t pay it back in time?

Don’t panic. Talk to the company a few days before the loan is due to ask about an extension. You may be permitted to simply pay the finance fee on the original due date. Then, you keep the loan for another pay period, and pay it back on your next scheduled pay date.