Q: What is a payday
loan Online?
A: A payday loan is a small unsecured loan, usually for
$100 to $1,000 which is designed to meet your financial
needs until your next payday.
Q: How do I receive the money?
A: Our process is automatic and convenient. We electronically
deposit the loan funds into your account.
Q: How much can I borrow?
A: Based on your income and other underwriting criteria,
loan amounts will be determined on an individual basis.
Q: How long will it take to receive the payday
advance loan?
A: In most cases the approval/verification process is
completed the same day. Once this process is completed
the funds should be in your account the following day
for your payday advance loan.
Q: May I pay the loan back early?
A: Your loan may be paid back early. There will be no
discount, penalty or refund for early pay back.
Q: What will happen if I am unable to pay the
loan off on the due date?
A: Your loan may be extended or renewed if you are unable
to pay the loan off on the due date.. You will receive
a renewal form by mail and it must be signed and faxed
back to us 3 business days before your due date. Once
we have received this form from you we will debit your
account for the interest and defer payment of the principal
until your next payday.
Q: Is my payday loan Online transaction confidential?
A: We respect our customers’ desire for privacy
in managing their personal financial affairs. Your payday
loan transaction is confidential, and your personal
information will be treated accordingly.
Q: What is the maximum number of times I may
renew or extend my loan?
A: Your loan may be extended or renewed as needed. However,
in order to encourage responsible use of this service
we ask that after your third renewal you begin paying
the renewal fee and 10% of the principal.
Q: What is the interest rate on a payday loan
online?
A: Although the fees on payday loans may vary, $25
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