Frequently Asked Questions On Payday Advance Loan

When it comes to making financial decisions and taking out a payday advance loan, most customers want to feel that they have all of the necessary information before they make any moves forward. The following frequently asked questions will hopefully be of assistance to you if you are considering using our services.

How much money can I borrow?

Your income is the biggest factor we take into consideration when deciding how much money to loan you. The average loan amount is around $500 although it can be higher.

How soon will I get my money?

If you are approved, your money should be deposited into your bank account by the next business day. Depending on when you apply for the loan, it could be even earlier.

Will I know what my fee is before I get the loan?

Yes, you will know exactly how much you will have to pay back before you agree to the terms and conditions of the loan. The amount of the fee will vary depending on how much you are borrowing.

How do I repay the loan?

The amount that you borrowed, along with the fee, will be taken directly out of your bank account when the time comes for you to repay it back. This varies, but it’s usually around 2 weeks, or by your next payday.

What if I can’t repay the loan back at that time?

You do have a couple of options. You can choose to repay the finance charge at that time and rollover the rest of the amount to a later date, or you can roll the entire amount over. New finance fees will apply, however. If you feel as though you might not be able to repay the loan back on the specified time then please contact customer service and let us know so that we can discuss your options.

What can I do with the money that I borrow?

Once the money is in your bank account, you may use it as you please. Some people use it for emergencies such as getting their vehicles repaired or paying off debt collectors. Others simply use it as spending money until they get their next paycheck. It’s up to you how you spend the money that you borrow from us.