FAQ

What is a payday loan?

It is a small (usually under $1,000), short-term, no-collateral, money advance. It's backed by future earnings. This may be your next paycheck, a dividend or other type of normal income. The term of the loan is generally 30 days or not.

Payday loans are intended for emergencies. If you end up using these to pay normal bills, you should think about credit counselling, debt-management aid or other sort of assistance.

Use payday loans responsibly.

What is an installment loan?

This is a little (generally under $5,000), short term, no-collateral, cash advance. It's backed by future income. This may be your next pay check, a dividend or other type of normal income. It is paid back in a set number of payments that are scheduled. Use installment loans responsibly.

What is a personal loan?

This is a no-collateral loan for around $35,000, somewhat like a line of credit. It is backed by future income. This could be your next pay check, a dividend or other type of normal income. The duration of this loan is typically more than an installation or payday advance. Such loans may be used to consolidate debt or pay off high interest credit cards. Use personal loans sensibly.

How does Payday Loans Online (Cash Advances) - work?

Payday Loans - is not a lender and doesn't make credit decisions. Payday Loans Online - (Cash Advances) - is a loan linking service. We connect consumers who want to find financial aid with separate, third party creditors who might be able to supply a loan.

You begin by completing the easy form. Your information is then shared with third party creditors who might make you a loan deal. You're under no duty to accept the deal, but if you do, the lending institution will provide the instructions to do so. Every third party creditor has their own stipulations. Please consult these before accepting the loan offer. In particular, check for information on the APR, fees, renewal terms and consequences of non-payment.

If you have some questions regarding your loan, then please contact your creditor.

Does Payday Loans Online (Cash Advances) - charge a fee to connect consumers with independent, third party lenders?

We're compensated by independent, third party lenders for prospective customer referrals.

Every third party lender will have its own fees, APR and provisions. These charges come directly from the lender rather than from Payday Loans Online - (Cash Advances) -.

These fees and charges will be provided to you in the time of this loan deal, if one is created. You're under no duty to take them. Your loan is accepted by you when you electronically"sign" the offer and send back to the creditor.

Read all documents for the stipulations of the loan.

How much can I borrow?

Payday loans are usually between $100 and $1,000. Installment loans range between $100 and $5,000 and individual loans are generally between $500 and $35,000. You will earn a petition for a loan amount. If you are given a loan deal, it may not match the amount you requested. Loan offers can fluctuate for several reasons such as the individual lender, occupation, income and other things.

If approved for a payday loan by an independent third party lender, how quickly could I receive it?

The transfer to your bank accounts could occur as soon as the next business day. Times will vary depending upon your creditor and your financial institution. In case you have additional questions concerning the transfer time, then please contact with your third party lender.

What are the minimum requirements to apply for a loan?

Individual, third party lenders have different minimum requirements, but the following constitute typical minimum requirements:

  • Be at least 18 years of age or older
  • Have a checking or savings account with direct deposit
  • Have regular income of at least $1,000 per month
  • Have a fair credit rating (for personal loans only)
  • Must N't be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps, or Navy (or a dependent thereof), serving on active duty under a call or order that does not Define a period of 30 days or less
What information do I have to share in order to register with Payday Loans?

You'll be requested to give banking, employment and some private info. This information includes, but isn't limited to a name, address, telephone number, place of source or employment of regular income, driver's license number, bank account information and social security number.

The third party creditors may perform a credit check or utilize other methods to check the info which you provide.

Is the information I provide secure?

Payday Loans - employs lots of state of the art security measures are designed to keep your data protected. All sensitive information sent between your browser and Payday Loans - utilizes 128 bit Secure Socket Layer (SSL) encryption technology. Your use of our solutions is strictly voluntary and is regulated by our Terms & Conditions of Use and Privacy Policy.

How long does a loan transaction take?

From the time you enroll with Payday Loans Online - (and so are made a deal by an independent( third party creditor ) that the process can be as fast as one business day. Numerous factors affect this, including the time of day that you employ, the accuracy of your enrollment, the creditor and your financial institution.

When must I repay my loan?

Payday Loans (Cash Advances) - is not a lender. Each independent, third party lender has their own terms and requirements, including those regarding repayment. You need to contact your lender for information about the date and time for repayment as specified on your loan agreement.

Will independent, third party creditors perform a credit check and what are the credit consequences?

Many will do so. They may check to validate the validity of the information you've supplied and/or to review your information to learn how it compares to the documents of national databases. Lenders may verify your social security number, driver's license number, banking information or any other info you supplied.

Multiple inquiries to the"Big 3" credit bureaus (Experian, Equifax and Transunion) may lead to a lowering of your credit score. Thus you may choose to register for a loan, one at a time.

Will my loan be automatically renewed?

The answer to this question depends upon the state you live in and the lender. Each creditor has its own renewal policies, as well as each state using their own laws regarding automatic renewal of payday loans. Be sure to ask your lender if your loan will automatically renew or if they have to receive your permission first.

Loan renewal will probably lead to the inclusion of interest and fees to your loan balance. Make yourself aware of those fees prior to agreeing to any loan renewal.

What are the implications of late payments and non-payment?

This varies with lender, so check with your lender before agreeing to this loan offer. Many consumers get in trouble by not being aware of the penalties of overdue or non-payments. Be completely aware of the consequences of not paying the loan in full on the date it's due.

Is approval guaranteed?

There is not any guarantee you will be accepted by one of our participating lenders.

What if I am unable to repay my loan according to its terms?

Typical penalties for lack of repayment may include:

  • Addition of Overdue Penalties
  • Your accounts being forwarded to a collection agency
  • Report your lack of payment to a consumer credit agency (thereby lowering your credit score)
  • An offer to renew your loan, which will result in additional fees and/or interest

PaydayLoans.Center - isn't a lender. You need to ask your lender what the implications of non-payment are.