FAQ

What is the purpose of a payday loan?
Some people need a short-term cash advance, rather than a large amount from a traditional financial institution. A general financing company provides payday loans. Typically, you must repay the loan by your next pay date. It is best only to borrow the amount that you can pay back on time.

How long does it take for me to receive the loan?
The amount you request is deposited into your bank account after we approve you for the payday loan. The funds are typically available by the next business day.

What is required for approval?
You will need to have a valid checking account. Additionally, you must receive your payroll check by direct deposit.
We also require a copy of your most recent checking account statement. You monthly net direct deposit should be at least $1,500.

How long does it take for approval once you receive the required information?
If you submit the online payday loan application and required documentation during our normal business hours, a customer service agent will call or email you within one hour. If you submit your information after business hours, we will process your online payday loan application the next business day.

How do I repay the payday loan?
Once you are approved, you will receive a contract agreement that outlines repayment terms. Generally, the agreement authorizes our company to withdraw the payment amount from your checking account on your next payday.

How am I notified about the funds withdrawal from my checking account?
We will send a friendly reminder several days before the payment is due, by either email or telephone.

What happens if I am unable to repay the payday loan on the scheduled due date?
Please notify us as soon as possible if you are unable to keep the original repayment terms. We can arrange for another payment method and you will avoid a nonsufficient overdraft charge.

We could accept a partial payment; however, you will incur additional fees on the remaining balance. It is best to repay the loan as soon as possible to avoid future interest payments.

How much does in cost to use your payday loan service?

Our company charges a fixed finance rate for every $100 that you borrow. In addition, we also charge a variable APR (annual percentage rate). You will not have any hidden fees, as we inform you of your specific fee and rate when you accept the payday loan.