Online Payday Loans - FAQ
What is an online payday loan?
An online payday loan is also known as payday loans, pay day loans or cash advances. Online payday loans are short-term loans collateralized against your next paycheck. For many, it's an easy and fast way to receive quick cash between paydays. Visit our how payday loans work, to get more information.
How do I qualify for an online payday loan?
Most payday loan lenders follow these requirements:
• Be currently employed or receive a regularly recurring income.
• Your take home pay is at least $1000 per month if employed or $800 per month on a fixed income.
• Your savings or checking account uses direct deposit.
Different lenders may have different requirements
How long does it take to get approved for an online payday loan?
This will vary on your lender, but most lenders can approve you by the next possible business day.
What about collateral?
Your job and your paycheck are the only collateral you need.
Do I need direct deposit?
Yes. Most online lenders will require you to have a direct deposit so they can deposit your loan into your account.
Is my information secure?
Very secure. Our site uses a host of security measures to ensure the safety
of your confidential financial information. All sensitive information transmitted
between your browser and our website uses 128 bit Secure Socket Layer (SSL)
encryption technology.
How is my online payday loan amount determined?
Most lenders will allow you to borrow up to $1,500.
When is the online payday loan amount due?
Payments usually are due after 14 days, or when you get your next paycheck.This may vary depending on your lender.
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