Frequently Asked Questions
What is a cash advance loan (payday loan/payday advance)?
Payday loan or cash advance loan is a small term loan that you receive from a money lender to meet your expenses till your next payday check. The amount that you can get as a payday loan can be between $100 and $1000. This will depend on your income level and the laws of the state in which you reside. The lender might not check your credit score to offer you the small loan. You also need not furnish any collateral security to avail a payday loan.
Should I pay anything to apply for the loan?
There is no application fee charged to apply for a payday loan.
What are the criteria needed to apply for a payday loan?
Applying for a payday loan online is very easy. In order to qualify for the loan, you will need to fulfill certain requirements.
- You must be over 18 years of age.
- You must be a citizen of the United States or must be a permanent resident of the country.
- You must have a banking account that is open for at least 3 months.
- You must be employed in a company.
- You should have a working home or cell phone number and a work phone number.
- You must have a valid email address.
How much amount can I get?
You may be eligible to get a fast payday loan from $100 to $1000. The maximum loan amount will vary from one state to the other. The amount that you are eligible will be in lieu with the salary that you are currently getting from your employer.
Is the website safe?
The website is 100% safe and secure. All the information that you key in the online payday loan application form is secured an encrypted and no outsider will be able to access it.
Will I get a loan if I have a bad credit score?
Most of the payday loan lenders do not take bad credit score into account when processing an online loan application. Even if you are in bad debts or have a poor credit history, this might not be a hindrance in getting an unsecured payday loan. It is purely based on your current paycheck.
How long will it take to get a payday loan?
All you have to do is to fill in the online application form that you find on the website. It will take a few minutes to fill in the form. You will get a conditional approval from the website as soon as you submit the application. You might receive a call from the customer service representative to verify the details that you have provided in your application form. Once everything is verified and the lender approves your form, you can get the loan amount deposited in your checking account within one business day.
When should I repay my loan amount?
The payday loan is offered till your next payday check date. The loan amount and the service charges or the fee will be withdrawn from your checking amount on the due date automatically.