Faq

Answers To Frequently Asked Questions Regarding Our Payday Loan Services

Q. What is meant by a short-term or payday loan?
A. A short-term cash advance or payday loan is a means of emergency financing provided by a specialized lender to help you obtain funding. These loans are made with the understanding they will be repaid on one of your next two paydays from work.

Q. How much can I borrow?
A. The maximum amount for which you can be approved depends on the state in which you reside and your monthly income. Most states allow payday loans between $300-$700, with the maximum amount of aggregate loans totaling no more than $1,500.

Q. How do I apply online?
A. Applying for a payday loan is easy. You simply fill out the online form and your information is automatically matched to a cash advance lender that can best serve your needs.

Q. What information do you require?
A. You will need to provide proof of your identity, such as your social security number and/or driver’s license number. You may be asked to provide proof of your income by sending a copy of your most recent paystub from work, and a copy of your recent bank statement may also be required.

Q. How soon can I be approved?
A. once we receive your information you will be contacted with an offer of a cash advance loan. If you choose to accept the offer you can receive your funds in your checking account via electronic transfer the same or next business day.

Q. Do I need to have a checking account?
A. Yes. We deposit your loan directly into your account and therefore will need accurate information regarding your bank’s routing number and your checking account number.

A. How do I repay the loan?
Q. On the agreed upon repayment date, the loan amount plus applicable fees will automatically be withdrawn from your checking account.

Q. How will I know if I am approved?
A. You will receive an email and/or telephone call stating the loan offer, amount approved and the repayment date, as well as a disclosure of the fees involved. You must electronically sign the agreement in order for the funds to be transferred.

Q. Can I cancel a signed agreement for a payday loan?
A. You may cancel any loan agreement for up to one business day after accepting the offer. Even if the funds have been transferred, you can decline the offer and the funds will be withdrawn with no finance charges or fees included.