Common Payday Loan Questions

What are typical payday loan requirements?

You'll need to be a United States citizen, at least 18 years old. You will need to show proof of employment or another source of regular income of $1,000 or more per month. Lastly, you will need to have a bank account in order to get approved.

What is the payday loan approval process?

The approval process for a faxless payday loan is extremely fast and efficient because it's all-electronic. Your personal history will be quickly verified through a computerized system, and your lender will also calculate you potential loan amount based on your current income and the amount you wish to borrow.

Is my personal information safe?

Absolutely. We use the latest in encryption technology to keep your personal information safe and secure. Plus, we partner with some of the most respected and trusted payday lenders in the nation. We're here to help you get access to a payday loan quickly. That means you can focus on what matters — your family and your life — and not unforeseen expenses, unexpected bills and the surprises life brings.

How much money can I borrow?

All borrowers are different, but typically you can get up to $1,000 in a near-instant payday loan through the Internet. This simple, hassle-free process involves no confusing forms, no paper hassles, and no waiting in line, Just request online, accept, and find your money in the morning!

How soon will I receive the funds?

You might be surprised at how amazingly fast and convenient online payday loans can be. Many consumers find their loans are funded the next business day, which means you can wake up and find the money waiting in your bank account! Be sure to find out what you're eligible for. Find a solution to your short-term financial needs today.

How much does a payday loan cost?

Our no-hassle service is completely free. Just fill out our no obligation form, and we'll find a quality lender. When it comes to your loan, you also won't be facing odd charges. The complete costs for you loan will be explained in your loan quote. Typically, these costs are the interest you'll pay associated with the loan. Ask your lender if you have more questions.

What are my payment options?

One of the biggest benefits of payday loans is their convenience. And Internet-based payday loans, also called faxless payday loans, offer even more benefits. Most consumers will choose to repay their loans electronically and online because it is fast, efficient and safe. But you might also be permitted to repay your loan via a telephone deduction from your bank account or via personal check/money order. Just make sure you build in time for processing these other payment forms; electronic payment inserts a payment date stamp and can protect you.

What happens if I don't make a payment on my loan by the due date?

It is imperative that you pay your loan on time. We all know that consumers can experience financial frustrations and fall into trouble. But your payday loan is a legally binding agreement and it's your responsibility to pay it back on time. Should you fail to do so, your personal credit rating could be negatively affected. If you are concerned about repaying your loan, call your lender immediately and see if you can work something out. It's better to be proactive with problems rather than reactive.

What is Teletrack, and how does it affect the payday loan process?

Teletrack is a consumer bureau like the three major credit bureau reporting agencies we often hear about. Payday lenders often work within the Teletrack system. The Teletrack system gives specialized lenders a way to track your credit history, payment history and other financial activities (just like a credit bureau). The system can speed up the process because it's designed for lenders such as payday lenders. But it can also affect your loan if you have a history of defaults or other credit issues. Make sure you disclose all known issues to your lender before you request a loan.

What if I have bad credit, or no credit?

Payday lenders know that all borrowers are different, which means that there are a variety of payday programs for all of the different types of consumers out there. Regardless, it can't hurt to do your homework, do your research and see what's available for you. A payday loan might be a great way to help establish credit. Make sure you have a pay stub handy so you can prove your current income, and be ready to work with your lender.

What if I have filed for bankruptcy in the past?

If you have a past that includes bankruptcies or other financial troubles, you still could be eligible for a payday loan. That's why we're here to help. We can assist by finding a preferred lender who's ready to work with someone like you who has a specialized financial background. Make sure you're upfront about your bankruptcy when you inquire. You could be eligible for specialized programs, particularly if you have demonstrated financial responsibility in the recent past.

*Actual loan amounts vary based on residency and assessed financial eligibility.