Payday Loans F.A.Q.
What
is a Payday Loan or Cash Advance?
A payday loan can be referred to as instant cash, fast cash, short
term loans, cash advances, expensive loans, post
dated check loans etc. Getting a payday loan is so fast which makes
it easier for you to get a payday loan then any other loan. Payday
loans also provide quick access to cash because most payday loans
are paid in cash or can be delivered straight into your account without
you even having to go to withdraw the money from your bank.
Payday loan is the fastest way to obtain secure,
online cash advance and payday loans. Applying and qualifying for
a payday loan is quick and easy, and in many cases there are no documents
to fax.
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How
much can I receive?
Your first Payday Loans Advisor loan is based upon the information
you provide in your membership application. You can borrow an amount
up to $1500. After successful repayment of your payday loan,
we may raise your loan amount on any future Payday Loans Advisor loans.
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How
are fees established?
Our fees are competitive and in compliance with all applicable
state and federal laws.
Depending on the lender the fee can range from $25 to $30 per $100
borrowed. So if you borrow $300 the fee will be between $75.00 to
$90.00.
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What about qualifying?
Qualifying for a payday advance is easier than qualifying for
traditional credit. Payday Loans Advisor does not perform credit
checks. You only need to meet the following requirements:
• Currently have a job (or receive regular income)
• Make at least $1000 per month
• Are 18 years of age or older and a U.S. citizen
• Have checking account or savings account with direct deposit
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What’s
the procedure to apply for payday loans online?
The procedure is extremely simple, all you need to do is
just fill up the application form at our website and submit it online.
The approval takes place immediately after you submit the application
on any of the business days.
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Does
the online form obligate me to taking out a loan?
No. When you fill out our online application, you are only
stating that you wish to have our agents approve you and contact you
to discuss your options. You may still ask us any questions, and withdraw
your request at this time. If you are ready to proceed, you may confirm
your information and officially agree to terms with one of our representatives.
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What
if I have bad credit? <
Bad credit will not prevent you from receiving a payday loan at Payday Loans Advisor.
Our friendly managers will work with you, even if you have already
been turned down by other lenders.
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I'm
a tenant - is this a problem?
No problem - it makes no difference to the lenders whether you are a tenant or a homeowner.
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Do
I need to fax my details?
You don't need to have a fax machine to be able to apply for a loan. Lending company gets all necessary information instantly.
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Do
you contact current or former employers?
No, the lenders operate a strict confidentiality policy.
None of your personal information will be passed onto any third party
without your prior agreement or unless required by law.
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When
I will receive my payday loan?
Your application will be processed within 30 minutes, once it has been received. When approved, you will
receive your loan on the next business day. Once you receive the loan,
we will help you to schedule you repayment dates so that you won’t
have to worry about bounced checks or missed deadlines.
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How
do I know that my loan has been approved?
You will receive an email notification
once your loan has been approved. Payday Loans Advisor reserves the
right to make adjustments to your loan approval until the time you
receive the funds in your bank account based on new information regarding
your loan application.
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Is
my application and financial information secure?
We respect our customer’s privacy needs in managing their personal finances. Our site uses a variety
of security measures to maintain the safety of your personal information.
All sensitive information transmitted between your browser and our
website uses 128 bit Secure Socket Layer (SSL) encryption technology.
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When
will my loan be due?
Your due date will normally be due on your next payday that is between 8 and 25 days away. Each
state has different rules and regulations.
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What
if I can’t repay my loan on the due data?
If you can’t repay the full amount of your loan on the due date, you
may be able to request a loan extension.
We have different payment options available for our customers:
1. Paying the loan in full on the maturity date listed on your loan
agreement.
2. Paying the finance fee and a portion of the principle on or before
the maturity date.
3. Paying only the finance fee on the maturity date.
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