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What does the notion "payday loan" denote? Does it have the same meaning as "cash advance"?
Payday loan, called also cash advance, is a loan that you will have to repay in short period of time. The time of repayment can be in 8 - 28 days away. This short term loan is needed to cope with some minor problems therefore money borrowed is not big: from $100 to $1000. In this way you can take out the cash advance to solve some temporary financial problems. You will reimburse as soon as you get your salary.

Why is payday loan borrowed?
Every person decides it on his own. Anyway, the lender is not interested in it and does not ask the customer about the goal of his loan. Applying for cash advance, you may need money to cover some forgotten check payment or to repair the car. The funds can be spent in more pleasant way. You can arrange the party for instance or make a surprise for your sweetheart. This is your choice how to spend the sum. If you want to have a stainless reputation in bank, avoid penalties and bounced check payment then payday loan is great for it.

How much can I hope to get when I apply for cash advance?
You can request the amount of money that you need. The lender on his turn will offer the sum that he considers appropriate. It may not be big in the beginning (when you apply to the company for the first time, but you will get more credibility with time). You will hardly be able to get more than $1000 when you submit an application for payday loan.

What charge do I have to pay for the possibility to submit an application?
There is no any charge for application. We charge the fee for the financial service only if you agree to take out the loan. In case you stop on the stage of application you will not owe anything to us.

What is the rate if I agree to use the service?
The approach is individual in every particular case. The principle of charging fee is the following: the company charges for every $100 that is borrowed. The charge can vary from, let us say, 20 to 30 dollars. If you take out $200, then you will have to reimburse the borrowed sum in addition to fee. The sum of the whole deal is 240-260 dollars. For more details you should apply to the company.

Who can apply for payday loan? Are bad credit clients eligible for the loan?
Any person 18+ can qualify for the loan. He/she should be employed and have a steady source of income. It is important to have income from $1000 every month. The client should also have citizenship because the loan is not provided to foreign citizens. In order to prove the credibility rare lenders ask for bank statement and salary stubs. We mainly work with lending companies that do not require some proofs and faxing is not needed. But all customers have to provide banking information because the funds are transferred to the bank. The customer will need to provide a post-dated check for the lender. We also ask about such things as your name, address, contact info, working place, SSN.

How my personal data is protected?
128-bit SSL (Secure Socket Layer) encryption is used for it. When you transmit your banking information the latest technologies protect sensitive data. You should also take measures to make the data transfer safe. Care about security of passwords that you use and install antivirus programs to protect your computer. The best software will keep your computer clean and safe.

At what moment can I withdraw my request?
You can do at any time until you agree to continue the procedure after you are approved.

Can I take out more than one payday loan?
You are not able to borrow more than one loan. Repay it first and then you can apply for payday loan again.

Is there any limit on the number of times when I can apply for the loan?
There is no such restriction. But you should understand that frequent use of payday loan can be difficult for your budget.


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