Payday Loans and Cash Advance Frequently Asked Questions
Q: When will the cash advance payday loan be due?
A: Generally, on your following payday or you may pay the finance
charge and extend the payday loan online until your next payday.
Q: How much can I borrow?
A: Up to $500. (This is contingent upon income level and various
underwriting criteria.)
Q: When will I receive my cash advance loan?
A: If all information is received by 1:00 p.m. EST and can
be verified, you will generally receive your payday loan on the next business day.
Q: When will I hear from you?
A: You will hear from us within one (1) hour or sooner upon receiving
the necessary information for payday loans.
We will contact you
with a payday loan online offer or email you for missing information. We are closed on weekends
and holidays.
Q: How will I know if I'm approved?
A: We will contact you with a payday loans offer. If denied, you
will receive a notice by email.
Q: Can I extend payday loans?
A: Yes. Your payday loan can be extended up to 6 times.
Q: Once paid off, when can I get another cash advance loan?
A: You must wait three (3) business days. We may ask you to prove
that the previous payday loan has been actually paid in full by providing
us a bank statement showing proof
of a non-pending payment.
Q: If I don't fax in all the necessary information, will the application
be processed?
A: The application will be considered incomplete and we will call
or email you for the missing information.
Q: What is the fastest way to process my faxless payday
loans application?
A: Complete the application, print it, and fax it with your most
recent bank statement (within the last 30 days), voided check, and most recent
pay stub...all at once.
Q: What is the cost of payday loans and what are your
cash advance loan terms and rates?
A: We charge a set fee of $30 per hundred lent. Typical payday loan terms range from anywhere
between 8 - 22 days. Please refer
to our
disclosure page.
Q: Can I pay early?
A: Yes, we do not charge a prepayment penalty, and if you do pay early, your interest will be adjusted so
you are only charged
for the days the
payday loan is outstanding.
Q: If I don't have enough on my payday to cover the cash advance balance, may I
extend my payday loans?
A: You may apply for an extension by calling us, at least 24 hours prior to your scheduled due date.
At a minimum, you will be required
to pay the interest due on the due date, and we encourage
you to pay some toward reducing your principal loan balance at the time
of an extension. If you do pay extra toward principal, you will reduce
the amount of interest you would otherwise pay.
Q: May I cancel this cash advance payday loans
application if I decide against it?
A: Yes, if you notify us by 5:00 pm the next business day, you may rescind your payday loan,
and we'll simply withdraw from your
account the amount we deposited into your account.