FAQ
What is a USA Payday Loans?
Also known as payday loans, pay day loans or cash advances, these are very short-term
personal loans collateralized against your next paycheck(s). For many of our
customers it's the easiest and fastest way to quick cash between paydays. Simply
fill out the online form and we will match you with a lender. Your loan amount can be electronically deposited
into your checking or savings account the next possible business day, and repaid on your next paydate
with an authorized automatic withdrawal.
How do I qualify for a payday loan?
Qualifying for a payday loan is easy with most lenders. These are the only requirements:
• Be currently employed or receive a regularly
recurring income.
• Your take home pay is at least $1000 per month if employed or $800 per
month on a fixed income.
• Your savings or checking account uses direct deposit.
How long does it take to get approved?
Customers typically receive payday loan approval within a few hours of signing up, but this will depend on your lender.
Will my credit or bankruptcy hurt me?
No. Payday loan lenders tend not to accept you no matter what your financial situation is.
What about collateral?
Your job and your paycheck are the only collateral you need.
Do I need direct deposit?
Yes. Online lenders usually can only process your payday loan if your paycheck is direct deposited.
Is my application and financial information secure?
Very secure. Our site uses a host of security measures to ensure the safety
of your confidential financial information. All sensitive information transmitted
between your browser and our website uses 128 bit Secure Socket Layer (SSL)
encryption technology.
How often can I get a payday loan?
USA Payday Loans is here to help anytime you are looking for extra cash between paychecks.
We encourage you to keep in mind that a paycheck cash advance
loan is a only short-term answer to an urgent cash need, and to use these
loans responsibly. Paycheck cash advance loans should not be used repeatedly
to deal with continuing budgeting issues. If you need additional help with
credit, budgeting or debt management, please call the National Foundation
for Credit Counseling at 1-800-388-2227.
How is my loan amount determined?
You usually can get a payday loan for any amount you please, up to $1,500.
When is the loan amount due?
Paycheck cash advance loans are usually due when you receive your next paycheck
via direct deposit. The standard time for loan repayment is usually no less
than seven days and no longer than eighteen days. You may also pay back your
loan early without prepayment penalties. This will all depend on your lender.
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