FAQ

If you have ever been short of cash between paychecks, then you might be considering a payday loan. It is simply a small advance on your wages that is due on your next pay date and it should be only enough that can easily be paid back.

Since this is most likely an unforeseen circumstance, you probably want to know how fast you will receive your cash. The answer surprisingly is the same day that you have been approved for the loan. The deposit will be made electronically into your back account. The cash will then be available by the next day of business.

You might also be surmising that it requires a very stringent approval process. In actuality, it only requires a checking account, already being on direct deposit, providing a copy of the bank statement and at least $1500 in direct deposit income each month.

You probably think that this process takes a long time to get approved. Once all of the documents have been received, an agent will typically contact you within an hour’s time to notify you of the loan status. For convenience, this can be done via email or telephone, whichever you prefer. If this application was received after the close of business, it will generally be completed by the next day of business.

Now you probably wonder how the online cash advance is paid back. According to the confidential contract agreement, the amount is automatically withdrawn from the bank account, making this process painless. You will also be given notice either by phone or email prior to the funds actually being withdrawn from the bank account. There is a confirmation message that goes out to all customers a few days before the loan is actually due to be repaid.

There are some cases where there just isn’t enough money in your checking account to repay the loan. This is when it is necessary to contact our company ASAP to make other payment arrangements. It will also help to avoid paying a $20 N.S.F. charge. You may also elect to make partial payments on the loan. Of course there is a fee of $15 per each $100 borrowed that will be applied to the balance of the loan until it is completely paid off.

You can avoid such fees by making restitution for the payday loan as quick as possible to lessen the effect of the interest charges.