Frequently Asked Questions about Pay Day Loans

Here are all of the answers to the most commonly asked questions about pay day loans.

What are pay day loans?

Pay day loans are small cash advances that are secured against your next paycheck. They are provided over a relatively short term to help you cover emergency expenses between paydays. Pay day loans are a quicker, more convenient, and more accessible alternative to traditional loans from a bank or credit union. Be sure to read the facts about pay day loans.

How can I sign up for pay day loans?

You can sign up for pay day loans by filling out our short, online form. Just give us some basic contact information, and we will match you with a lender that can meet your borrowing needs. You may then ask your lender any questions you may have, get a quote on a loan, and apply for pay day loans on the lender's site, if you wish. Our form is free to fill out and comes with no obligation.

Do you really issue pay day loans?

Negative, we are not a lender, and we do not actually issue pay day loans. We are a free referral service that will put you in touch with lenders that can offer you affordable pay day loans. We partner with a vast network of reputable lenders to meet our visitors' needs.

How much do pay day loans cost?

Your lender will assess you a finance charge for the convenience of borrowing pay day loans. Usually, this finance charge will be expressed as a percentage of the amount you borrow. For example, you might be charges $10 for every $100 you borrow. You can find specific information about the finance charge of pay day loans in your consumer loan agreement. This agreement will contain the APR, or annual percentage rate, which will be displayed in bold on your agreement and reflects the total cost of borrowing.

Will I qualify for pay day loans?

Whether you qualify for pay day loans shall depend on your monthly income and other factors specified by your individual lender. Generally speaking, pay day loans are fairly easy to qualify for as long as you meet the basic qualification requirements of the lender. Usually, lenders require that you make a certain amount of money, have a job, and have an active bank account, among other things. The size of the pay day loans for which you qualify will depend on how much you make per month, how much you want to borrow, and your lender's maximum loan amount.