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PAYDAY LOANS FAQ
What Is A
Payday Loan?
A payday advance is a short term loan that you can apply for and repay it with your next paycheck. Customers prefer using payday advances to cover unexpected expenses.
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What is required when applying for the payday advance?
For you to be eligible, you must be employed earning a minimum of $1,000.00 monthly income. You must be over 18 years of age and have an active savings or checking account.
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Can I get the advance if I have bad credit?
Bad credit does not stop you from applying for the payday advance. However, you must be able to repay the loan advanced plus the interest charged.
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Do I have to put up collateral?
The benefit of payday advances is that you do not have to use any of your property as security against the loans. Your job and paycheck will be enough to secure you the loan.
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Is the application process tedious?
No. With payday advance companies, the application is completed online and this eliminates the need to fax personal documents.
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At what time can I apply for the advance?
With the use of the internet, you can apply for the loans any time you want, 24 hours a day.
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How long will I wait for the payday advance?
Since the application is done online, your application is processed within minutes once it is received. If the advance is approved, it will be wired to your account within hours and you can receive the money the same day.
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When will the payday advance be due?
You will have to repay the payday advance upon receiving your next paycheck. Normally, this is between 8 and 25 days away. The period might vary depending on the online company.
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What if I am not able to pay the advance on time?
If you are not able to repay the payday advance, you can ask the lender to extend the payment period or rollover the advance.
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Is the information I provide secure?
Yes. The information given is treated with utmost security and is not given to unauthorized parties. Furthermore, the website uses advanced security encryption technology to secure all sensitive information.
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