Frequently Asked Questions

What is a payday loan?
Payday Loan is also known as a Paycheck Loan or Cash Advance, and is an amount of money, given to you for a short period of time without making you to give property to the lender if you cannot pay the money back

What do I need a payday loan for?
Payday loans are designed to keep you staying financially afloat. These loans are intended to cover your small cash problems requiring quick payments (bills, debts, etc). Payday loans help to evade fees and penalties caused by a default of payment in due time.

Do I need to care about collateral?
The good news is that collateral is not employed. You are simply required to have a stable income and a checking or savings account.

Can bad credit bankruptcy, charge-off, or NSF's negatively affect their decision to give me a payday loan?
No, you will have no problem in finding a payday loan provider who will give you a loan notwithstanding your credit history and other negative conditions.

Do I need direct deposit?
Yes, you do. Your payday questionnaire can be accepted provided your paycheck is direct deposited; it makes the process quick and secure.

What are the minimum requirements for qualifying?
As the credit check is not involved, almost any US citizen above 18 who has a steady income of at least $1000 a month and checking or savings account with direct deposit can qualify for this loan. You also need to be not active in the military to obtain a cash advance.

Do I have to pay for the application and submitting the form?
No. Application fees are not charged when you apply for a paycheck loan.

How much money can I borrow?
The amount of money you can borrow at a time is determined by your income and other factors, you indicate in the questionnaire.

How soon can I get the money?
The process is quick, and you can be transferred the money as soon as within a few hours. The cash is remitted to your checking/savings account, and you can get it the next day after your having been approved for a loan.

When am I to make a payback?
Payday loan is given your on condition that you will pay it off once it is your next payday. As a rule you are given 7-18 days to repay. This information must be stated by the lender.

Can I take out payday cash loans frequently?
Payday loans are intended to quick cover your urgent financial needs and are often obtained as a last resort. Although, cash advance is a quick and convenient way to get money, it is not recommended to take it out frequently, as loan providers charge exorbitant interest. You will have to pay back much more than you borrowed, which can become the reason of financial difficulties if you take out several loans at a time.