How It Works
If you’re looking to take out a payday loan, this page explains how to do so and how we can help.
We do not issue loans ourselves – instead, we use the latest technology to help connect you with appropriate payday lenders, so you don’t have to waste time finding them yourself and applying one-by-one. We do not charge for this service and your personal details are always secure.
You could borrow up to $1,000 and see the cash in your account the next working day. What’s more, even those with bad credit can apply!
Let’s take a closer look at how it works...
Payday Loans Explained
Payday loans were created to help those who need an advance on their wages but are otherwise financially stable. Because of this, the average payday loan is much smaller than a personal loan from the bank (usually a few hundred dollars), and it’s expected to be repaid in full in one lump sum.
This means there are no installments. The borrower makes the repayment on or just after their next payday, with a single added fee.
Payday loans are ideal if you’re faced with an unexpected bill or need to make a purchase, but you’ve already spent your monthly budget. The loan covers you until you’re paid and then you tighten your finances for the month ahead.
Payday loans are a legal form of lending in the United States and are regulated at the federal and state level. This means the precise terms of your loan can vary depending on where you live.
Fast and Hassle-Free
We understand that when you need money quickly the last thing you want to do is stand in line at a bank or store-front lender, fill out physical paperwork, and wait days to know if you’ve been approved. This is especially stressful when you have bad credit and may need to apply to several different lenders.
That’s why our cutting-edge system was designed to streamline the entire process. With just one online form, we tap you into a network of more than 100 lenders. As long as you can load the page you can apply from the comfort of your couch!
Who Can Apply?
Lenders will assess your application against their own internal criteria, but anyone who meets the following basic requirements can use our loan request form and begin an application. You must be:
- At least 18 years of age, as it is illegal to lend to minors.
- A legal US citizen with a fixed contact address.
- Employed or otherwise earning a stable income of at least $1,000 per month.
- In possession of a checking account (regular bank account) in your name.
If you meet these requirements we will attempt to connect you with a lender right away!
If You Have Bad Credit
The process remains the same if you have bad credit. As long as you meet the above requirements you stand a chance of being connected with a lender who will fairly assess your application based on all factors, not just your credit score. Because payday loans are a short-term commitment, your income and other factors play an important role.
Borrowers with bad credit are regularly approved by lenders for payday loans through our system.
To get started simply pull up our loan request tool using any internet connected device, and choose the amount you wish to borrow. You will also need to provide some basic personal information and we’ll then do our magic behind the scenes and attempt to tap you into a network of over 100 lenders from our network.
This process should only take a few minutes and you will know onscreen if you have been connected to a lender. If so, you can click through to their page and complete the application process.
In most cases, the process can be completed entirely online with no faxing, as most people now have digital copies of statements and other documentation that can be attached to the application.
Once your full application is submitted a quick credit check will be carried out and you should know in a matter of minutes whether you have been approved.
You then have the choice to accept the terms and a digitally sign the contract or close the page with no obligation.
Note: If you apply during the working week, you could see the cash in your account as fast as the next morning. Remember that transfers do not always go through during the weekend or certain national holidays.
Beware of False Promises
We only partner with accredited and licensed direct lenders. We don’t make false promises and neither do they. That means we’ll never promise a certain interest rate or claim that you will definitely match with a lender.
Likewise, our lenders will never promote so-called "guaranteed approval," or that there will be "no credit check."
All borrowers will be fairly assessed and that takes a little bit of time for the system to process.
Of course, it is still much faster than applying for a personal loan at the bank!
Interest Rates and Terms
The exact amount you will be offered and the amount you will be charged for taking out a loan will vary from lender to lender. These terms are based on how much you wish to borrow, the personal details submitted in your application, local state regulations, and the internal policies of the lender.
For example, if you have a particularly poor credit rating you may be charged a higher interest rate.
Amounts issued usually fall between $100 and $1,000.
Before you will be asked to digitally sign the contract by the lender, they will give you a full online copy of the terms.
When you apply for a payday loan you will be required to provide your bank account details. This is where the loan will be deposited and the repayment (with a finance charge) will be taken automatically, on the designated date.
As with any form of loan or credit, failure to make the repayment may result in added fees, interest, and could eventually lead to collection proceedings if you fail to respond.
This will negatively affect your credit rating.
Loan extensions and renewals are at the discretion of the individual lender and may depend on local regulations.