A Complete FAQ on Payday Loans

Q: What is a payday loan?
A: This is the fastest way to get small loan that matures on your next pay day, for emergency purposes.

Q: What's the purpose of the loan?
A: For it's very nature,  payday loans are collected to handle emergency situations that can't wait until next pay day.

Q: What do I need to get the loan?
A: Obtaining a payday loan is very simple and the requirements very minimal. As long as you have a paying job, own a direct deposit account and of age 18 or above, you can always have a loan from us.

Q: What is the cost of obtaining this loan?
A: This process is absolutely free. The only fee you pay is the interest when paying back the loan. All interest rates will be made clear to you upon application.

Q: What if my credit report is bad?
A: That's not a requirement for qualification. Our qualification is based on your current ability to pay back the loan and not on your past credit report, and that is the reason we demand for your employment information.

Q: How fast is the processing?
A: If you apply for the loan during working hour, we can have the money wired to your account in less than an hour. Our process is highly efficient and hassle free, with all constraints eliminated by our improved online application.

Q: Do I have to fax my documents across?
A: We run a completely faxless system. All information needed to process the loan can be obtained through our online application form and this helps us in approving your application quickly.

Q: When do you get back to me?
A: If we approve your application, we contact you within 30 minutes via email or phone number to notify you of the process. If your application is on time, we credit your account immediately after contacting you, otherwise, we do that first thing the next morning.

Q: How do I get the money and how do I pay back?
A: Like I said, all our process is highly efficient, we don't send you cheque, rather we deposit cash directly into your bank account. When the loan is due, instead of take the stress in paying us back, we simply debit the money from the same account.

Q: How is the fees estimated?
A: Because we are strictly law abiding, we bill you based on the stipulated laws by state and federal government. We don't ever take more than the regulated amount. We also make use of the best technologies in the industry, by transferring all data through SSL server.

Q: What if I cant pay back?
A: If for any reason you can't pay back the loan on the due date, please try and contact your lender days before the due date to avoid any unnecessary charges. Most lender can arrange for loan extension in which case no extra fee is charged, but if you don't contact them, you pay an extra fee in addition to what you owe.

Q: When are my supposed to pay back?
A: All payday loans get ready for repayment on the next pay day, unless if you want an extension.

Q: What if I want to pay back earlier?
A: Paying back earlier (prepayment) is a welcomed idea, you don't have to pay any extra fee and might reap a reduction in interest payout.

Q: Can I pay back in instalment?
A: You can pay back the loan in instalment before the due date, no cost for doing so.

Q: Can I apply for $1000
A: We don't release $1000 loan to first time applicants. But as you pay back your loans smoothly, we increase the amount you can collect.