How it Works

Q. Exactly what is a payday loan?
A. A payday loan can also be called a paycheck advance because you borrow the money till your next payday.

Q. What type of bank account is required for the loan?
A. To qualify for a paycheck advance you will need a bank account that can be both credited and debited electronically.

Q. Will I qualify for a Payday Loan if I am unemployed?
A. No.

Q. Can I get a payday loan if I am in the military?
A. No.

Q. I’m self-employed Can I apply for a payday loan?
A. Yes, but you will need to document a regular source of income.

Q. Can I qualify for a paycheck advance if I am on social security?
A. Yes. When filling in the application form, just use "Social Security Administration" as your Employer.

Q. Can qualify for a payday loan in the state I live?
A. Payday loans are not allowed in all states, make sure to enter the correct state when you fill out the application so that you are referred to a licensed lender in you state.

Q. What is required to get my application approved?

A. All lenders are a little different, but most requirements will include:

A take home income of at least $750.00 per month

A phone number for home and work

You have been employed for at least 4 weeks (this will vary)

The bank account is in your name.

Q. What can I expect after submitting the application online?
A. When the application is submitted, the lenders will review it and get in contact with you via e-mail or directly with a phone call to notify you of approval. Remember this instant contact will happen during business days. If you applied during the evening or the weekend you will receive contact the next business day. At time of contact you will be approved and the offer will be made to you. At this time make sure to ask a lot of questions and remember you are not obligated to sign the agreement. Make sure to review the disclosures and the terms before you sign anything. Review the repayment options do not overlook anything before you decide to accept or decline the offer. Many people apply to several lenders and get several offers as the lenders do not exchange information.

Q. How come the application form wants to know my bank's Routing and Account numbers?
A. All online payday advance lenders require this information, it validates your ability to receive the cash electronically to your account. Also your ability to repay the advance. This is crucial because the lenders do not get a traditional credit check made on you.

Q. I use an online bank account, and don't have a Routing number what then?
A. All bank accounts have routing numbers the routing number specifies your bank and the account number specifies your account with them. If you do not know this number a call to your bank is easy and painless, they will give you this number over the phone.

Q. I use a check-card, and no check book. Do I have Routing and Account numbers without checks?
A. Yes. Sometimes this information will be on your bank statement. If not the phone number for your bank should be on the statement or on your bank card and a quick phone call will need to be made.

Q. When will I receive the money after I apply?

A. The application for a payday advance loan usually is approved quickly in just a few minutes. As soon as the lender is done processing your payday advance your bank account will be credited the money. The credit will be posted immediately however banks process electronic payments overnight so the funds will be available for your use the next business day.

Q. Will I qualify for a Payday Advance with bad credit?
A. Most Payday Advance lenders will offer payday loans to qualified people with bad credit or no credit.

Q. Does a payday loan require the traditional credit check?
A. Payday advance lenders usually won’t do a credit checks with the three major credit bureaus: Experian, Equifax, or Trans Union. A payday lender may use a service to verify you social security number for identity issues and they may review your information against databases like Teletrack, DP Bureau or DataX these companies track consumer transactions with most short term lending institutions. For more information read our terms of service.

Q. How much money can I be advanced?
A. Your application and the payday lender you decide to work will determine how much you can be advance. Also the state I which you live has laws with limits on amount and fee’s sometime depending on your location and situation you could borrow as much as $1000.00

Q. What do I do after I submit the application?
A. Check the e-mail address you put on the application right away. If it is business hours you may be wise to have access to phone you put on the application. Typically you will be e-mailed instructions or information on the loan process so make sure to check your junk or spam folder because the e-mail can get caught there.

Q. How much does payday loans cost?
A. There is no charge by our company. The lender that provides you with the offer will disclose this information and the fee’s vary from state to state. This information will come with the first contact you have with lender make sure you are clear on the fees before you accept the offer.

Q. When do I have to repay the loan?
A. Typically on your next paycheck you will repay the loan. You should discuss this with the payday lender before you accept the offer of the payday advance loan, usually terms are flexible but you must discuss them and be clear on this before you sign the agreement

Q. Will the loan amount be debited or withdrawn from my account?
A. The amount authorized in the loan agreement is the maximum amount lenders can legally withdraw from your account.

Q. I have a question about the company my payday advance is with. Can you help me?
A. No. We do not have access to your personal loan information because we are not a lender. You need to contact you lender if you have questions regarding your loan. For more info read our how it works and our privacy policy.

Q. Do you have my lender’s phone number?
A. No. We will not have access to this information. You need to keep all the contact information for your lender available. Should you need to contact your payday advance cash lender you should check the lender's confirmation email for their contact information.