What is a Payday Loan?

This is a short term loan that is commonly used to cover unexpected expenses or to provide extra cash until your next payday. These are short-term financial situations with higher interest rates that do not require collateral and should only be used when all other options have been exhausted. The amount borrowed plus fees would be due on your next payday.

What do I need to apply for a Payday Loan?

You should have a regular source of income, an active checking account, along with being a resident of the United States with a valid Social Security Number.

What is an Installment Loan?

This is a short term loan to use as you see fit that can typically be repaid over multiple dates, or installments, as opposed to a payday loan being due by your next payday. The interest rate of an installment loan is usually better than that of a payday loan, but not all qualify.

What if I have bad credit?

Even with bad credit it is possible to qualify for an installment loan or payday loan. Many previous customers that assumed their credit history was poor and there was no hope of being approved were still found to be eligible in many cases. While most lenders that we work with do not usually run a credit check through the main bureaus, it is not impossible that they are doing some form of credit check through 3rd party or alternative services to manage their risk and improve their own odds of being repaid.

How will I receive my money?

It is required that you have a valid checking account, where the money is deposited if approved for your loan request.

How much can I borrow?

You can typically borrow up to $1,000.

How fast can I get the money?

In most cases you can expect the funds in your account by the next business day if approved.

How can I make a payment?

This would be handled between yourself and the lender you were connected with.

What if I can’t make a payment?

This is between yourself and the lender that you were connected with. Contact them for options.

What type of online loans are offered?

You can apply for installment loans or payday loans.

Is my information secure?

We use bank level encryption to protect your information.

What are the requirements of an online loan application?

Anyone that meets the minimum requirements for eligibility can apply for an installment loan or payday loan. These include:

  • Meet the minimum age requirements in your state (typically 18 in most states)
  • Have an open and active checking account
  • Be able to show proof of regular income
  • Have a valid phone number and email address

How do I know that my money is in my bank account?

Often the lender will send some form of communication (e.g. email) to you to let you know that the funds have been deposited in your bank account. But the best way to know is to simply monitor your account. Once you see the funds in your account, they are available to you.