Loans FAQ

Loans FAQ

A payday loan or cash advance is an unsecured, short-term cash loan to help you until your next payday. Customers choose payday advances to cover small, unexpected expenses while avoiding costly bounced-check fees and late payment penalties. At Paydayloanshereonline.com, apply online for a payday loan and your advance will be electronically deposited to your checking or savings account.

Whether you are paying off bills, celebrating a special occasion, or covering an unexpected cost your payday loan is there to be used at your own discretion.

Your first Paydayloanshereonline.com loan is based pon the information your povide in your application. You may borrow up tp $1500 and after a successful repayment of your loan, we may raise the maount on any future Faxless.com loans.

Our fees are competitive and in compliance with all applicable state and federal laws.
Depending on the lender, fees can range from $25 to $30 per $100 borrowed. For example, if you borrow $300 then the fee will be between $75 and $90.

Paydayloanshereonline.com does not perform credit checks, which makes qualifying for a payday advance easier than qualifying for traditional credit. You should meet all of the following requirements:

• Currently employed (or receive regular income)
• Make at least $1000/month
• Be 18 years of age or older and a U.S. citizen
• Have a checking or savings account with direct deposit.

To apply for a payday loan, complete and submit the application found on our website. At that point, the approval process will immediately get under way and an agent will notify you of your status.

We need your name, address, employment information, banking details, and picture identification in order to complete your payday loan request.

We respect our customer’s right to privacy in managing their personal finances. Our site uses a variety of security measures to maintain the safety of your personal information. All sensitive data transmitted between your browser and our website uses 128 bit Secure Socket Layer (SSL) encryption technology.

Paydayloanshereonline.com never charges applicants a fee to qualify for a payday loan.

No; submitting an application simply states that you wish for one of our agents to approve and contact you to discuss your payday loan options. You may ask us any questions, and withdraw your request if you so choose. If you are ready to proceed, you may confirm your information and officially agree to terms with one of our representatives.

As we do not perform credit checks, bad credit will not prevent you from receiving a payday loan at Paydayloanshereonline.com. Our friendly managers will work with you, even if you have been turned down by other lenders.

Whether you rent or own your home, it does not affect your eligibility for a payday loan.

There is no need to fax any personal details. The lending company will instantly get all necessary information online.

No, all other payday loans must be repaid before another my be granted.

No, the lenders operate a strict confidentiality policy. None of your personal information will be passed onto any third party without your prior agreement or unless required by law.

Your bank account must be set up with direct deposit to qualify for a cash advance. It is the most secure way to offer loans as quickly as we do.

Your application will be processed within 30 minutes upon being received. Once approved, you may collect your loan the next business day. At that time, we will help schedule a repayment date so you will not have to worry about bouncing a check or missing a deadline.

How will I know that my loan has been approved?

You will receive an email notification once your loan has been approved. Paydayloanshereonline.com reserves the right to make adjustments to your loan approval up until you receive the funds in your bank account based on new information received regarding your application.

When will my loan be due?

Each state has different rules and regulations regarding loan due dates. Typically, repayment is scheduled on your next payday (between 8 and 25 days away).

What if I want to pay back my loan early?

Contact us if you wish to pay off your loan before the scheduled due date. In doing so, you may be entitled to a partial refund of your loan fee.

If you cannot repay the full amount of your loan by the due date, you may be able to request a loan extension.

The following payment options are available:

1. Pay the loan in full on the maturity date listed per your loan agreement.
2. Pay the finance fee and a portion of the principle on or before the maturity date.
3. Pay only the finance fee on the maturity date.

We are available anytime you need financial assistance between pay periods. We encourage all of our clients to use these loans responsibly and keep in mind that a payday loan is a short-term solution to an urgent cash need; they should not be used repeatedly to deal with continuous budgeting issues.

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