Help
Is it Possible to Receive a Cash Advance with Bad Credit?
Yes. A credit check is not a requirement for many lenders that offer a payday loan. Your employment is collateral for repayment.
How Do I Receive the Loan?
You can receive the payday via direct deposit in the bank of your choice.
When Do I Have to Repay the Loan?
Typically, payday loan lenders anticipate repayment on your next payday.
Can I Receive Multiple Payday Loans from Multiple Lenders?
Generally, a payday loan lender will not approve your loan application if you have an outstanding loan with another payday loan lender. Individuals are identified through a central processing system that all payday loan lenders use to monitor requests for a cash advance.
What if I Want to Repay the Loan Before the Due Date?
Payday loan lenders welcome an early repayment of the cash advance loan.
Is There a Discount for Repaying the Loan Before the Due Date?
Talk with the payday loan lender for clarification, as this may vary among lender. While all lenders welcome early repayment, a discount on the financial fee is unlikely.
How Long Does the Faxing Process Take?
In most cases, you are not required to send a fax. However, if a fax is required, you may receive the money within 24 hours after you send the requested documentation to the payday loan lender.
How Much Does a Payday Loan Cost?
The actual amount may vary based on the lender and the amount you need to borrow. Typically, you will pay a minimum of $10 and maximum of $30 for every $100 borrowed. Comparison shop with several lenders before making a decision.
Will the Lender Allow Repayment Extension?
Most payday loan lenders allow extensions if you are unable to repay the full amount by the scheduled date. However, be aware that additional charges and penalties may apply.
What Type of Collateral is Required to Receive a Payday Loan?
Your employment is the only collateral you need to receive a payday loan. Lenders expect repayment from your wages.
Is it Possible to Receive Online Approval?
Yes. The process for online approval is fast and simple. You will need to provide basic information such as personal identification and your income. Once this information is verified, you might be instantly approved for a payday loan.
Is There a Limit on How Much I Can Borrow?
Generally, most payday lenders grant loan amounts between $100 and $1,500.
What are the Requirements to Apply for a Payday Loan?
Typically, applicants must meet the following requirements to apply for a payday loan:
• Proof of employment or a recurring income
• Have an active checking account
• Receive paycheck or other income via direct deposit
• Be a U.S. citizen or legal resident
• Be at least 18 years old