Frequent Questions & Answers
Please read on to know the answers to some of the most common questions that come to the mind of site users. It is highly recommended that you go through this section in detail before you fill up the online payday loan request form.
What does payday loan mean?
A payday loan is a stop gap loan that you receive from online lenders. It is an unsecured personal loan that does not ask for any collateral as security. Normally, the payday loan amount ranges from anywhere between $100 and $1000. It has got its name because the borrower has to repay the loan that he or she receives once they get their next paycheck. The date at which the lender and the borrower agree upon is normally the repayment date of the loan. The payday loans can be obtained within one day and it is also very easy to get a loan. It has become very popular over the years and is the most sought after type of loan by people in dire need of some emergency cash.
How can I get payday loan through your website?
This website is just a facilitator of the loan and we are not the direct loan lenders. We will try to help you in establishing a connection with professional payday loan lenders through our site. In order to get a loan, you should fill the online form. This form will be forwarded by us to the lenders. They will take a look at your information and decide on whether you are eligible for the loan or not. By using our service, your loan request form will reach the hands of the lenders in minutes. You can save a lot of time when you use our service.
Is there any amount collected by you for this service?
This website is completely free to use and we do not charge a single penny from our users in the form of membership fees or any other fees.
What are the necessary requirements to be eligible for a loan?
If you meet the basic requirements payday loans of the United States, you can claim your loan amount. If you are looking at the basic requirements needed to avail the payday loan, please check out the How It Works section. There is no need for any particular credit score or rating to avail this loan. One thing you need to bear in mind those individual lenders will be having their own personal standards to give away loans.
Can I apply for a second time if my first loan request was turned down?
If at all your loan request is rejected, you can always submit a new payday loan request form. It is advised that you ask the lender as to why your loan request was rejected in the first place. This will help you to correct the mistakes that you have committed in the first payday loan request form and do not commit the same errors the second time around.
Can I apply for payday loan even with a bad credit score?
Your poor credit score will not be a hindrance when you apply for a payday loan. You can submit your payday loan request form even if you have a very bad credit score or rating. The one thing you should consider is whether or not you will be able to pay the entire payday loan amount you borrow in full before filling the loan request form. You should never seek a payday loan if you are not in a position to repay it back.
Is credit report a must?
There is no need for you to submit the credit report along with your loan request form. You need to submit it only if the lender asks for it. Not all lenders will run a credit score check on every application.
What is the maximum loan I can request for?
The maximum amount you can borrow as a payday loan is $1000. You have the option to request for any amount between $100 and $1000. The amount that you will have to repay to close the loan will be higher than what you borrow as the interest and service charges will also be added to the principal amount.
How quickly will I get the payday loans?
The online payday loan request form that you submit will be processed as soon as possible. A lender will take a maximum of 3 to 5 minutes to review your application. Once the lender approves your form for the loan, you will get the loan amount credited to your account within one business day. The transfer of funds would be delayed only if there are weekends or bank holidays.
How much will I have to repay?
The repayment amount of a payday loan will depend on the amount you borrow, its interest rate and the service charges levied. This will vary from lender to lender. All the details of repayment will be clearly mentioned in the loan contract that you get.
What if I want to cancel the payday loan approved in my name?
If your loan request is approved, then you will receive a loan contract from the lender. If you are not satisfied with the terms and conditions mentioned in the contract, you can reject the loan offer. If you sign the contract, then you are eligible to repay the loan.
How many payday loans can I get through you?
You are eligible to submit only one online payday loan application at one time. After this, you have the option to submit as many loan requests as you want. But, make sure that you only get loans if you need urgent cash as if you do not pay the loans, you can get sued.
What can I use the loans for?
The lender will not ask you for what purpose you need a payday loan and therefore you can use it for anything. You should spend the loan amount wisely.
Can I not repay the loan?
Once you have signed the loan contract, you are entitled to repay the loan along with the interest and service charges. You can request a loan extension from your lender as per the contract.
Is your site safe?
We use the latest and the most advanced encryption protocols, and security tools to ensure that your personal information is completely safe. Here you can find out more about the safety of payday loans. No third party other than the lender can access your personal details. You can be assured of 100% privacy and security when you use our website. It is also malware protected.