Payday Advance - Online Cash Advance Payday Loans

Frequent Asked Questions

1) What is the difference between a cash advance loan and a bank loan? A bank loan is usually for a longer period of time and a larger amount of money borrowed. A bank loan definitely requires a credit check, references, and sometime collateral. A cash advance loan, also known as a payday loan, is sometimes a loan just for a few days to a few weeks. The amount can vary from $100 – $1000. No credit check or collateral is required.

2) What is the interest rate on a payday loan? It depends on the state in which you reside. Rates will vary from state to state. Be sure to ask your representative.

3) What documentation will I need to provide? Normally, you will only need proof of identity, income, residencency, and employment history. In addition to these items, you do need to have a US bank account.

4) Do I need to have access to a fax machine? A fax machine is not necessary. Your loan representative can instruct you on the steps you will need to take once your online payday loan application is submitted.

5) What happens if I cannot pay off my payday loan at the end of the loan period? We understand that sometimes this may be the situation, and encourage you to stay in close contact with your loan representative if you feel you will need to get an extension on your payday loan. You will be required to pay the interest acquired and sign a new loan agreement.

6) Are payday loans reported to a credit agency? Payday loans are not reported to a credit agency. If the loan is not paid however, it could be reported as a judgment if it does end up in court. The best way to avoid this is to stay in touch and make the necessary payments to have your loan extended.


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