Cash Loans Frequently Asked Questions
- What is an installment loan?
- What are the requirements for approval?
- What are the Fees for Installment Loans?
- What if I have poor credit?
- How soon can I receive my loan?
- What documents do you require for me to fax in?
- How do I receive the loan, and how do I repay the loan?
- How do I know the amount you withdraw from my account is the amount you say?
- How do you determine the amount of money to loan me?
- Is my payday loan confidential and secure?
- How do you determine the due date?
- What happens if I don’t have the funds necessary to repay you on my due date?
- Can I pay my loan back early?
- What about loan requests on Friday or the weekends?
- In which state(s) are you authorized to provide me loans?
- Do you provide intallment loans to military personnel?
Q: What is an installment loan?
A: A quick and confidential way to get a loan for up to a 12 month period of time. Borrow up to $2,000.00, for up to 12 months with biweekly or monthly repayment.
Q: What are the requirements for approval?
1. Must have a checking account or savings account with direct deposit.
2. Must have current job for at least 3 months
3. Valid state id or drivers license
4. Net income of $300 a week
Q: What are the Fees for Installment Loans?
A: Fees are very competitive; they may very.Click Here.
Q: What if I have poor credit?
A: No problem! Unlike many
other financial intuitions, we do not require that you have good credit or, for
that matter, any credit history at all. If you have any questions about
qualifying please contact us.
Q: How soon can I receive my loan?
A: We can approve your loan application in a matter of minutes; after you send us
the required documents. We can deposit funds into your account by the next
business day, as long as you apply by 5 pm.
Q: What documentation is needed to apply (sent by fax or email)?
1. 2 most recent pay stubs
2. most recent checking account statement
3. valid drivers license or state id
4. voided check from checking account
Q: How do I receive the loan, and how do I repay the loan?
A: When you apply for an installment loan, you
authorize us to directly deposit the approved amount
from you account. You also authorize us to directly
withdraw from your account the same amount plus our
fees.
Q: How do I know the amount you withdraw from my account is the amount you say?
A: Since we are authorized to use the Federal Reserve Wire
System (example), we must abide by the NACHA rules and
regulations that regulate our lending practices. The
amount we withdraw from your account will be the amount
that you have authorized.
Q: What is an A.P.R.?
A: An A.P.R. is the annualized percentage rate of your
installment and retail loans. Please refer to our A.P.R
Disclosure for more information, so you can make an informed
financial decision.
Q: How do you determine the amount of money to loan me?
A: Based on income and credit worthiness.
Q: Is my installment loan confidential and secure?
A: Absolutely, We transact all our loans on our secure SSL
server, utilizing the industry highest standard. Your
nonpublic information is completely confidential and
protected by our company
privacy policy
.
Q: How do you determine the due date?
A: Installment loans are based on your next pay date. Duration
of loan will be determined by the date you take the loan
out and your next pay period.
Q: What happens if I don't have the funds necessary to repay you on my due date?
A: You must contact us immediately! If you do not contact us
two-business days prior to the due date, we will charge
you additional interest on top of the interest that you
have accrued through the duration of the loan. You
will responsible for NSF fees from debits that are
returned.
Q: Can I pay my loan back early?
A: Yes, you can pay the loan back early. Contact us to let
us know that you want us debit your account earlier that
the due date. You may be entitled to a refund or
discount of the fees, depending on the date of your
payment.
Q: What about loan requests on Friday or the weekends?
A: All Friday loan requests after 5pm will be funded on
Monday. All weekend requests will be treated as Monday
requests.
Q: In which state(s) are you authorized to provide me loans?
A: We are an Illinois based Lender. However we are licensed to originate loans in the following states: Illinois, Wisconsin and Missouri.
Q: Do you provide intallment loans to military personnel?
A: No, due to
recent laws enacted by the government we are unable to
extend loans to active and reserve military service members or their dependents.
