Frequently Asked Questions
IS IT REALLY FAX FREE APPROVAL?
YES. "No faxing required" means just that.
Our Unique 24-7 FaxLessSM Payday Loan Processing Totally Eliminates Faxing Forever!!
With our online 24-7 FaxLessSM processing, faxing is eliminated. FaxLessSM means that your application is completed online in minutes and you’re finished/done. Our total online process gets rid of sending and receiving faxes-TOTALLY!
*Subject to verification of the information on your application, some restrictions may apply.
HOW DOES THIS WORK?
Just fill out the online application for instant pre- approval. If approved, your loan proceeds will be deposited directly into your personal checking account by ACH. When your loan payment is due, we will automatically debit ONLY the finance charge from your checking account unless you want to pay the loan in full or other payment arrangements are made for a partial payment of your principal. Additional fees will apply if you choose the option to extend your loan. This option may be used up to four times before you will be required to make a payment on your principal. This will happen automatically unless you contact us for other arrangements.
WHEN WILL I GET MY MONEY?
If approved, your loan amount will be deposited into your personal checking account the next business day (if approved by 6PM EST) by ACH. If you are denied, you will receive an e-mail notification. You can also call our fully automated system two hours after you complete your application to check your status.
WHEN WILL I KNOW IF I AM APPROVED OR
The approval/denial process takes minutes. If approved, you will have your money deposited into your account overnight. If you are denied, you will receive an e-mail. You can also call our automated system to check the status of your account
HOW MUCH IS THE FINANCE CHARGE?
The Annual Percentage Rate (APR) on a typical 14 day loan is 782.14%, which is $30.00 per every $100.00 borrowed. Additional fees will apply if your loan is renewed.
WHEN DO I HAVE TO PAY THIS BACK?
In most cases, you will have to pay ONLY the finance charge on your next payday. If your payday comes sooner than 4 days, it will be the following payday. A normal loan duration is no less than 4, and no more than 17 days. You may also choose the option to pay off your loan in full or partially. If you choose one of those options, you must notify us at least three business days prior to the due date on your loan.
DO I HAVE TO PAY THE LOAN BACK IN FULL?
No. You have the option of renewing your loan. This will be done automatically for you if you do not call three business days prior to your due date and notify us---you may also fax us. If you choose the automatic renew option, and the finance fees are not available at the time we debit your account, you will be responsible for full payment of the principal and interest immediately.
THERE IS ALWAYS A NEW FINANCE FEE APPLIED TO
YOUR LOAN EVERYTIME YOUR LOAN IS RENEWED.
WHAT IF I CHANGE MY MIND AND NO LONGER
WANT THE MONEY?
In that case, you need to fill out and sign the cancellation section on the Application Supplement page within 24 hours and fax it to us. If the money has already been sent to your account within the 24 hours, we will debit your checking account for the principle amount.
HOW MANY TIMES CAN I RENEW?
You can renew the full amount up to 4 times. This option will be done automatically for you on your next four paydays unless we hear from you 3 business days prior to your due date. Additional fees will apply if you choose this renew option. You must start paying down at least $50.00 ($100 on balances over $500) on your loan principal every time you renew after your fourth renewal until your loan is paid off.
DO I HAVE TO PAY DOWN?
You do not have to pay down right away, only after renewing the full amount 4 times you must start paying down. If you choose to start paying down right away, you must notify us a minimum of three business days prior to your due date.
I ONLY GET PAID ONCE A MONTH, CAN I
STILL GET A LOAN?
Yes, your loan (in most cases) will be due on your next payday.
I RECEIVE SOCIAL SECURITY PAYMENTS AS
MY INCOME, CAN I STILL GET A LOAN?
Yes, you can still qualify with any type of benefit income.
CAN I GET ANOTHER LOAN AFTER PAYING
OFF MY CURRENT ONE?
Yes. You can apply for another loan 3 business days after paying
off your current loan in full. This information is based on typical
circumstances and are subject to change. If you have any further
questions, or are unsure about anything, please fill out our support form on the "Contact Us" page.