Payday Loan FAQs
1) What is a payday loan?
A payday loan is a small loan usually $500 or less.
2) What can a payday loan be used for?
You can use you money for whatever purpose you like. Whether you want to
pay off some bills, buy something, or just have some fun it's all up to
you!
3) What do I need to get a payday loan?
To get a payday loan you must be employed (3 months or more), have an active
checking account, earn a monthly income of at least $1000, be a U.S. citizen
at least 18 years of age.
4) How long will it take for me to get approved?
Once you submit your application to us you may get approved in 30 minutes
or less.
5) How do I receive my payday loan?
Your money will be wired directly to your account.
6) What is the maximum amount I can borrow?
The maximum amount you can borrow is $500.
7) Do I need collateral to get a payday loan?
No. Your job is your collateral.
8) How do I receive my payday loan?
Once you're approved an e-mail confirmation will be sent to you. The money
will then be wired directly to your checking account by the next business
day.
9) Can I still get a payday loan even if I've declared bankruptcy
or have bad credit?
Yes you can. There are no credit checks. Your employment is your collateral.
10) When do I have to pay the payday loan back?
Your payment is due the following pay period.
11) If I have a payday loan from another company, can I still get
a payday loan from you?
No. We do not lend to anyone with outstanding payday loan balances.
12) Can I pay my payday loan back early?
Yes. There are no penalties for paying your payday loan off early.
13) Do you allow extensions?
Absolutely! Just contact us before your current due date and for a small
fee well make arrangements to have your payment extended to the following
pay period.
14) Do I have to pay any additional fees?
Depending on which lending institution your application is sent to, you
may be required to pay a lending fee. Fees range anywhere from $20 -30 per
$100 that's borrowed.