What exactly are online payday loans?
Online payday loans are short term, unsecured loans. A payday loan allows you to borrow funds now and repay them when you get paid. Our payday loans are convenient and completely confidential. After applying online you can have the funds made available to you within as little as 24 hours.
I have heard that payday loans are unsecured? What is an unsecured loan?
An unsecured loan is one which does not require you to put up collateral for the loan to be approved. For example when you take out a mortgage your house is used as collateral, that is known as a secured loan. With a payday loan you don’t need to put your car or house at risk.
Are there any upfront fees?
No we do not charge any upfront fees or application fees to start the approval process.
Can I apply even if I have bad credit?
Yes, you can certainly apply. Even if you have had problems with your credit in the past you will still probably be eligible for a payday loan.
How do I know If I have been approved?
Once you application has been processed and approved, you will be contacted by one of our representatives. They will explain all of the terms, conditions, fees, repayment options and confirm your loan.
When will I receive my funds?
Once you application has been approved, the funds will be paid directly into your checking account within 24 – 48 hours.
How much I can borrow?
You can get any amount from $1oo up to $1,ooo in your first payday loan with us. After you have successfully repaid your first payday loan this amount maybe able to be increased.
What information will I need to provide?
The information required for a payday loan is very basic. Typically you will need to provide your name, current address and place of employment. You will also need to provide your checking bank account details, your phone number and email.
How do I pay back the loan?
The principal amount and the fees will be deducted automatically from your bank account. This will typically occur on the same date as your next payday.
What can I use my payday loan for?
You can use your payday loan for any purpose that you like. Most people use payday loans because they have an unforeseen expense that they can’t pay for without a loan. Examples might include a medical emergency, car repairs or unexpected travel. However there are no restrictions on what you can use the loan for.
What are the loan fees and costs associated with my payday loan?
Fees will be charged to you in relation to your payday loan. All the fees will be explained to you by our representative when they contact you to confirm your loan and will be based on the loan period, your state of residence and some other criteria.
Do I need to own my own home to get a payday loan?
No, you are not required to be the owner of your own home in order to get a payday loan. Our loans are unsecured which means you do not need to provide collateral.
What should I do if I don’t have enough money in my bank account on the repayment date?
You should contact us immediately so that we are able to discuss your repayment options. Depending on your state you maybe able to request a loan extension.