Frequently Asked Questions
See the answers to the most common questions
What is a payday advance?
A payday advance is a short-term loan that lasts until your next payday. Most people take out cash advances to cover sudden unanticipated expenses while avoiding late payments and bouncing checks. You can sign up for a payday advance online and have the money deposited directly into your checking or savings account by the next possible business day.
How long does the entire process take?
Generally, you'll receive your approval shortly after requesting a payday advance online. The money is deposited directly in your account, so most people collect their loan by the next possible business day.
But what if I have a less then stellar financial history?
Credit bureau reports aren't used in the process. You just have to meet the few requirements.
And the requirements are...?
You must be currently employed or have another source of regular income, make around $1000 per month, be 18 years or older and a U.S. citizen, and have a checking or savings account with direct deposit. This may vary from lender to lender.
Do I need collateral for a loan?
No. Your next paycheck is your collateral.
When do I have to pay back my cash advance?
Your payday advance is secured by your next paycheck. Accordingly, your loan needs to be paid back by that time. In normal circumstances, the repayment time is between seven and eighteen days. You can also pay off your loan before the due date, sometimes saving you money.
