|
Questions:
1. What is a payday loan?
2. How do I qualify for a payday loan?
3. How can I get a payday loan?
4. When do I payback the loan?
5. What happens if I cannot payback the loan?
6. If approved when will I get the funds in
my bank account?
7. Can I apply for a loan anytime of the day?
8. What is the maximum amount of cash I can
get?
9. What are the fees and interest rate on your
loan?
10. What if my loan is not approved?
11. Will I get approved if I don’t have
a checking account?
12. I am on benefits – will I get a loan?
13. Do you do credit check before approving
me for a loan?
14. Do I need to Fax anything?
15. I still have a few more questions. How
can I contact your customer care?
Answers:
1. What is a payday loan?
A payday loan a.k.a. cash loan, cash advance or payday advance
is a short-term unsecured cash loan meant to be paid back
on the next payday along with a fee.
Back to Top
2. How do I qualify for a payday loan?
To qualify for our payday loan you must have the following:
1) You must be residing in the US.
2) You must be making at least $1000 per month from all sources
to qualify.
3) You must have an active open bank account, preferably a
checking account.
4) You must be above 18 years of age.
Back to Top
3. How can I get a payday loan?
You need to apply online here, or
you can apply by phone by calling our Toll-Free number 877-245-2410.
When you call be ready to answer some questions that our customer
care executive asks.
NOTE: Once you are approved for the loan by a lender you
will be given a set of terms and conditions. You will have
to agree to the terms to get the loan. Please read the agreement
before accepting the terms. There is no obligation to accept
the terms of the loan. If you want you can deny the loan.
Lenders cannot force you to take the loan.
We have over 100 lenders in our network. We are sure one
of them will give you a loan.
Back to Top
4. When do I payback the loan?
You need to payback the loan on your next payday. This payment
will be the loan amount plus the fee as agreed by you. The
amount will be automatically deducted from your bank account
in which we gave you the loan.
Back to Top
5. What happens if I cannot payback the loan?
If for some reason you cannot payback the loan please inform
your lender well in advance (at least 2 days in advance before
your loan is due). The lender can offer you a rollover. A
rollover may include a fee. Once the loan is rollover you
can payback the loan on your next to next payday. But we recommend
that you payback the loan on your next payday itself. Apply
for a rollover only if you really need the money for some
better and important cause.
Back to Top
6. If approved when will I get the funds in my bank
account?
Once you accept the terms of the loan the cash will be deposited
into your bank account the very next business day.
If the loan is approved on Monday, Tuesday, Wednesday or
Thursday --> Cash will be deposited on the next day.
If the loan is approved on Friday --> Cash will be deposited
on Monday.
If the loan is approved on Saturday or Sunday --> Cash
will be deposited on Tuesday.
Of course the above example assumes that the banks are open
on all weekdays. If there is a holiday, the cash will be deposited
on the very next day the banks open.
Back to Top
7. Can I apply for a loan anytime of the day?
Yes you can if you are applying online. Since this is an
online application your data will
be stored in our servers and as soon as one of our lenders
is online they can approve you for a loan.
However if you want to apply by phone, you will have to apply
Monday to Saturday 8am to 6pm EST.
Back to Top
8. What is the maximum amount of cash I can get?
You can get up to $1000 in cash. However if you are applying
for the first time with us, lenders may not allow more than
$500 loan.
Back to Top
9. What are the fees and interest rate on your loan?
It depends on the state where you reside. Lenders cannot
charge more than a specific amount on the loan. However most
lenders charge $17 per $100 for a 14 day loan (This is an
APR of 443.21%).
Back to Top
10. What if my loan is not approved?
If you are applying online during office hours, you will
know almost instantly if your loan is approved or not. When
you are applying at a time when lenders are not online it
may take a few hours to know if your loan is approved.
If you are not approved there isn’t much we can do.
You are then welcome to apply a loan from other lenders. But
we request you to know the result before applying for a loan
from another lender as your application will be seen by them
and they will reject you.
Back to Top
11. Will I get approved if I don’t have a checking
account?
You need to have at least one bank account. If you don’t
have a checking account, a savings account will do.
Back to Top
12. I am on benefits – will I get a loan?
Income from any source is ok. What our lenders need is reassurance
that you have some means to payback the loan.
Back to Top
13. Do you do credit check before approving me for
a loan?
Our lenders do not perform traditional credit checks. However
TeleTrack may be done to check your payday loan history.
Back to Top
14. Do I need to Fax anything?
In most cases no. However if there is some data that the
lenders feel need more verification then you may have to fax
the required documents.
Back to Top
15. I still have a few more questions. How can I
contact your customer care?
If you still have questions, you can contact us in 4 ways:
- Contact us using this form
- Send us an email. Our email address is: info@advancecashcom.com
- Give us a phone call. Our telephone number is: 877-245-2410
- Send us a snail mail. Our address is: 4310 W. 190th St.,
Suite # 74163, Torrance, CA 90504, USA
We will be happy to help you.
Back to Top
|
