Payday Loans - FAQ

Everything You Want To Know

Payday Loans? Cash Advances? What are they?
Both phrases are used to describe short-term loans that can be used to cover anything from unexpected expenses to routine bills that would otherwise go unpaid. No matter how you spend a payday loan or pay it back, most consumers agree that they are an invaluable financial tool for people that have no other way to supplement their income during a time of need.

Sounds great! How do I qualify for one?
These requirements often vary from lender to lender:

- employed or receive a regular source of income
- this income source must provide at least $1000 per month
- in possession of a bank account with direct deposit
- at least 18 years old and a US Citizen

What if I have a bad financial history?
Because your loan is actually secured against a future income, your financial situation is irrelevant. As long as you are employed you have a good chance of getting a payday loan.

Do I need direct deposit enabled on my account?
Yes. In order to serve you better, lenders require that your bank account is setup to receive direct deposits.