We Have the Answers to Your Questions
Some additional terms and conditions may apply. Please contact the specific lender you are working with if you have any further questions.
What is a short-term loan?
A payday advance enables you to receive a short-term cash advance to tide you over until your next paycheck. Consumers elect these innovative services to take care of small, unexpected expenses while dodging expensive overdraft fees and late payment penalties. We make it easy to apply for these services by using the secure form located on this site.
How do I qualify?
Qualifying may be much easier than you think (it is certainly more easy than trying to qualify for a traditional loan). Your paycheck is considered collateral, so you don't have to put up any personal property or possessions. All you need to do is meet the following standards (may vary according to provider):
- Be employed or receive some source of valid income
- Make at least $1000 per month
- Be 18 years of age or older and a citizen of the U.S.
- Have checking or savings account that accepts direct deposit
- Not active in the military
How long does it take to get the funds?
The vast majority of applicants are given an approval decision within hours, depending on the specific lender. Since the funds are deposited directly into your bank account, you will likely be able to access them by the next day.
Is application process safe? Do you protect my information?
Certainly. We safeguard your privacy at all times throughout the matching process. This website employs several security measures to keep your personal information protected. Any personal information sent from your web to our website will be shielded with 128 bit Secure Socket Layer (SSL) encryption technology. See our terms of service if you have any additional questions about how we keep your info safe.
Do I have to put up collateral in order to qualify?
Our affiliates consider your job and your paycheck to be the only collateral needed.
Am I required to have a bank account with direct deposit?
We find direct deposit to be the most secure way to transfer funds, so every provider we have partnered with will require this. Thankfully, most bank accounts include this as a free service. Contact your local branch if you are unsure.
Do I have to pay for your service?
We will never charge you for the application service we provide on this site. Furthermore, there is no obligation until you sign the consumer loan agreement with your specific lending company.
Am I able to use your service multiple times?
We are humbled by the amount of return customers to our site. As long as you have repaid any prior short-term loans, you can use our free service to apply for another one. That said, short-term borrowing is ideal for specific situations that warrant the service. Responsible borrowers use these services sparingly and do not become over reliant on them. If you think you could use some personal coaching with credit, budget strategies or debt management, we encourage you to call the National Foundation for Credit Counseling at 1-800-388-2227.
How much can I borrow?
Most providers base the amount you qualify for on your income, so it is important to answer truthfully on the application. This will ensure you can easily repay the amount you take out plus the applicable fee.
When will I have to repay the balance?
The majority of consumers repay the lender when their next paycheck arrives. This is typically within two weeks, so it is important to be cognizant of this when budgeting. Always ensure you can repay it in a timely manner to minimize any fees or surcharges.
Do I have to have a checking account?
Although the requirements vary between providers, having a bank account that accepts direct deposit is usually a prerequisite when using an online service. Sometimes a savings account payday loan is an option for consumers, but this depends on the terms and conditions provided by the lender. Since there are considerable differences between the two types of accounts, it is wise to consider which one will work best for you. If you don't have one, consider visiting a bank or credit union to examine the different options as it has never been easier to open one.
If you prefer the online method, there are even some FDIC-insured banks that operate exclusively on the Internet. This saves you the hassle of having to visit a brick-and-mortar location and you will be able to receive short-term financial services quickly.
Do you guarantee approval on your loans?
You may have heard the term "guaranteed payday loans" as a way of advertising these short-term financial solutions. In reality, there is no such thing as an advance that guarantees eligibility for every consumer. Even though unsecured borrowing services are much easier to qualify for than traditional ones, there are some fundamental standards consumers must meet in order to take advantage of them. Don't be fooled by companies that offer anything "guaranteed" as you will likely find contradictory statements in the fine print located somewhere on the website. If you think you will have trouble qualifying due to your financial past, we encourage you to go through the application process anyways. You may be surprised as we have partnered with many companies that offer flexible solutions.
How long does it take for me to get my money?
Thankfully, most consumers that are approved will receive their money in a timely manner. That said, the provider has the final say on the time it takes to receive funds. If time is of the essence, we encourage you to apply and then contact the lending agency directly once you have been given a consumer loan agreement for more information on the time it takes to receive money. While the processing times can vary somewhat considerably, most approved customers can expect to get their advance within two to three days (varies accordingly). Click here for more about funds transfer and processing information.
Will my credit play a factor in my eligibility?
Many consumers with bad credit rely on these services because they are extremely easy to qualify for, especially when compared to traditional lending options. You will never have to undergo a formal credit or background check in order to be approved, although the provider you are paired with will make the final determination about your eligibility. If you want more information about the impact credit has on the borrowing process, visit our Credit and Loans page.
Am I able to borrow if I receive Social Security benefits or disability?
In many cases, providers will accept disability or Social Security as a valid income source, although the lender you are paired with will make the determination. When you apply, be sure to specify that your source of income is made up of benefits. Your lender may request proof of this income via fax. You would send a copy of your award letter to the provider, depending on which state you live in.
What is considered disability income?
The Social Security Administration Disability Insurance will provide benefits to you and family that qualifies if you are "insured" (having worked long enough and paid social security taxes. Supplemental Security income (SSI) pays supplemental benefits and is considered different from the Social Security benefits listed above.