Faq

What is the definition of a payday loan?

Payday loans are personal loans that a payday loan establishment or a financing company extends to their clients. They are based on the borrowers’ paychecks, and they will need to be paid back when the borrowers receive their next paychecks.

How quickly will I receive my money?

Low-interest payday loans that have been approved are deposited electronically into your account. The funds are available for use the next business day.

How does someone qualify for a payday loan?

To qualify for a payday loan, four things are required: a verifiable checking account, direct deposit for your paychecks, your checking account’s most recent statement and a paycheck that nets at least $1,500 each month.

How Much Time Does It Take Before I Am Approved?

You will receive either a phone call or an email from us about one hour after you have filled out our application and submitted all of your documentation. Anyone who initiates the borrowing process after hours will receive their status updates the next business day.

How does the loan get re-paid?

Because we will make arrangements to withdraw the amount you owe electronically from your account, you will not have to do a thing other than make sure the full amount has been deposited into your checking account.

Do you let me know before you withdraw the money from my checking account?

Yes, you will receive a confirmation notice either by phone or email reminding you that we will withdraw the funds from your checking account on the due date.

What happens if there isn’t enough money in my account?

If you know that you will fall short of the total amount owed, call us and let us know. We can arrange for a partial payment. For example, after we take a partial payment, the balance that is left will have a fee of $7.50 added to it that will be extracted from your account on your next payday.

Can I get a loan with bad credit or without any credit at all?

Since we make decisions on who to lend money to based upon the documentation presented and whether or not you agree to our terms and conditions, a credit check is not performed on anyone.

How much interest is charged for payday loans?

For every $100 borrowed, we charge a finance fee of $15. The APR ranges from 180.00 to 782.14 percent.