Faq

I have bad credit. Can I still get a payday loan?

You can still get a payday loan with bad credit or no credit. As long you are currently employed, most payday lenders will not perform a credit check.

How do I receive the payday loan money?

Online lenders deposit the loan directly into your checking account.

When does the loan have to be repaid?

The repayment date for payday loans is on the date of your next payday.

What if I currently have a loan out from a different lender?

If you already have a payday loan from a lender, most lenders will not give you another payday loan. A central database is used to identify who has a current payday loan.

Can I repay the loan before the repayment date?

Most lenders will let you repay a loan early.

After I fax my information, how long does it take to get my loan?

Most of the time, you will not need to fax any information. After you provide all of your information to the lender and have your loan approved, you will usually receive your money within 24 hours.

If I repay my loan early, will I get a discount on my payday loan fees?

You will have to contact your lender. Most lenders will let you repay early, but most do not offer a discount on the loan fees for doing so.

How much are the loan fees for a payday loan?

Loan fees vary by lender, and are generally anywhere from $10 to $30 for each $100 borrowed. It is always a good idea to shop around for the ideal fee.

Can I get an extension on my loan repayment?

Most lenders will allow you to get an extension to repay your loan in full, but you may have additional fees applied to your loan for doing so.

Do I need collateral for a payday loan?

You do not need collateral for these types of loans, since your employment is used as a collateral, and you repay the loan from your wages.

How do I get approval from an online payday loan?

The approval system is quite simple for online payday loans. After you enter some information about yourself and your employment status, this information is verified, and you will know if your loan has been approved.

How much can my payday loan be?

Your loan can be at least $100, but may be up to $1500 depending on your income.

What do I need to get a payday loan?

You must be currently employed or have a regular income, you must have an active checking account with direct deposit, and be an adult U.S. citizen.