Q: What do you mean by a payday loan?
A: A payday loan is a small hassle-free and quick cash advance loan which is to be refunded against your next pay check.
Q: Can I pay off any kind of bills using the payday cash?
A: Once the loan amount is in your hands, you can use it to repay any kind of bills. There is no obligation on the usage.
Q: What are the minimum requirements for the loan approval?
A: Our list of requirements is not that tall. The applicant should be over 18 years of age and should have an active checking account of at least 90 days old. You should have held a job with your current employer for at least 3-months and earn a monthly net income of at least $1,000. If you have any questions about qualifying for a payday loan, please
contact us.
Q: What is the fee you charge?
A: We charge a fee of $30.00 per $100.00 borrowed. There are no hidden out costs involved. For specific information on APR (Annual Percentage Rates), please read through our Fee Schedule Page.
Q: Do you check over my credit history?
A: No. We do not tally your credit history. Your credit score will not affect the loan approval in any ways possible.
Q: Do you need any documents to be faxed?
A: As our application process is completely online, you should not bother about faxing anything to us.
Q: Where do you deposit my loan amount?
A: We deposit the approved loan amount directly in to your checking account.
Q: How do I pay off the loan?
A: When you complete and submit the online application you also authorize us to directly withdraw from your account the same amount advanced, plus our fee, on your next payday.
Q: How do I know the amount you withdraw from my account is the amount agreed?
A: As a direct lender, we must abide by all federal and state laws and regulations that regulate our lending practices. The amount you agree to in the loan agreement will be the exact amount we withdraw from your account….that’s a promise!
Q: Is there any limit on the amount borrowed?
A: We base your first-time loan amount on your current income. Subsequent loan amounts may increase as long as you have satisfactorily paid off prior loans in a timely manner.
Q: May I payoff my loan prior to the due date (prepayment)?
A: Yes you may! When you pay off your loan before your due date, it is called a prepayment.
Q: Can I make a partial payment?
A: Yes, you may make partial payments at any time prior to the loan maturity on the principal balance without incurring additional charges.
Q: Do I have any loan cancellation option?
A: Yes, this is called a rescission. You can rescind the loan without cost or further obligation to us if you return the loan amount provided on or before 5:00 p.m. the next business day following the loan funding date. For example, if you complete a payday loan at 4:00 p.m. on Thursday, you have until 5:00 p.m. on Friday to rescind the agreement.