WHAT IS A PAYDAY LOAN?
It’s an easy and quick way to put cash into your pocket when you are faced with those times in your life when you have to address and emergency situation. If you find your credit cards are maxed out and the balance in your checking account is too low for comfort then it may be time to consider a Payday Loan. It is fast and easy and confidential and secure and you can have the money you need right now instead of waiting for payday to roll around.
ARE THERE ADVANTAGES?
The greatest advantage is that payday loans available exactly when you need the money. Ask yourself this: An emergency arises and you need $100.00. You could write a check against your insufficient account balance to cover this expense and face the overdraft fee or you can secure a payday loan where the fees and interest are lower than the bank overdraft. Which would you do? Another item to consider is if not addressed immediately would there be any additional fees associated with your emergency ; like late charges for instance. Not only have you chosen a sound financial means to your urgent situation but you may even be saving yourself some money in the long run.
WHAT ABOUT SECURITY AND CONFIDENTIALITY?
In today’s fast paced business world living in the communication era it is so important to protect yourself and your assets while going through the process of securing a loan. Your persona and financial information is not shared or viewed or sold to anyone. Rest assured that necessary steps will always be taken to protect your personal information and financial records. None of the information we gather to process your loan is accessed by third parties.
WHAT IS THE CRITERIA
Meet the following items and you have met the criteria to secure a pay day loan.
You must be a US citizen or legal resident
At least 18 years of age
Have a minimum of 3 months history with your current job
Have a valid checking account to make the transfer of funds.
Bring home income of $800 per month.
HOW DO I BEGIN THE PROCESS AND RECIEVE MY FUNDS?
Firstly remember that the application is completely free. We will never charge you an application fee.
Once you have submitted your application it will be considered and reviewed by one of our lenders. After you have been approved you could very well get your funds the very same day. You will get an email that confirms this and the funds are then deposited into your account. The amount of money you qualify for is established by your salary and, in turn, provides the information to recognize your ability to pay back the loan. Once this transfer is made, you can then make a withdrawal from your banking institution in the same manner you would any other time. Keep in mind that the maximum amount of payday loans are usually determined by state law and as well you will not be given a loan that is felt you cannot pay it back. Given all of that, typically, the maximum amount for payday loan is $1,500.
WHAT ABOUT COLLATERAL OR MY CREDIT RATING?
No collateral is asked for and no credit report will be run. Your paycheck is your guarantee that you will pay back the loan. Your credit score is never reviewed or even considered when approving your payday loan. Your income is the important factor when approving your loan.
IS MY LOAN APPLICATION THE SAME THING AS A CONTRACT?
When submitting your application you are asking us for more information for securing a loan. It does not obligate you in any way to accept a payday loan. You will have the opportunity to talk with our representative and to ask questions and from there if still interested will have to option to complete the process. Remember that you can change your mind at any time before funds are transferred into your bank account.
WHAT ABOUT PAYING BACK THE LOAN?
Again, state laws determine several factors about payday loans. Items like: the length of the loan period and the number of payday loans a person can have. Typically the loan period is somewhere between one to two three weeks. Your payday loan representative will be able to tell you how many loans you are allowed to have at any given time. It is important to know that if a person finds him or herself using a payday loan as a way of life then maybe some other avenue of help should be considered when addressing ones financial health.