A Payday Loan Defined
Payday loans are short term loans that need to be repaid on your payday with all the fees and interest as agreed. Now in case you should have any queries check out the following list of questions.
- Instant and Guaranted Approval
- Easy Application
- No Hassle
- Fast and Reliable Money Deposit
Frequently Asked Questions
What criteria should I meet?
- You must be of legal age
- Be employed
- Have an active checking account for at least 3 months
How much can I receive?
The amount of cash will not exceed 1,500$, and the final decision to grant you the money by a lender will depend on your paying ability, your employment and pay you receive.
Can I qualify if I have no credit history at all?
It is not a problem, you could also have bad credit or be bankrupt and your application would be accepted.
How do I repay my payday loan?
You agree to have your account debited by a lender on the day your receive your paycheck, so that the cash owed is withdrawn along with any fees and/or interest.
Can I apply for an extension if necessary?
Certainly, but you need to get in touch with the lender as soon as possible to allow for some time before the payday arrives. In most cases you should be easily granted an extension for an extra fee.
Can I apply for more than 1,500$?
Some lenders allow you to apply for up to 2,000$; however, in most cases it might not be possible and the maximum cap would remain set at 1,500$.
Is there any chance to apply and receive cash at the weekend?
Any applications filed during the late Friday afternoon and the weekend will be processed on the next business day (Monday). Your application would take one or two business days at most to process.
What sort of personal information is required in the application?
You are basically required to provide your personal and employment information details, account details as well as your driving licence and SS number for confirmation.
How much will it cost?
Fees will depend on your lender typically ranging from 15 to 30 dollars per each 100$ borrowed. In terms of the APR (annual percentage rate) those could be quite high numbers and should be disclosed by your lender. However remember that payday loans work differently from your typical loans with much lower APR as they are meant for emergencies and repaid early on.
How do I know my details are kept safe?
Always check with your lender to make sure the website is secure with its SSL certificate.
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