How It Works

Find out more about pay day loans here. We'll explain what they are, who qualifies, and how our sign-up process works.

Pay Day Loans Explained

You may also have heard pay day loans called payday advances, cash advances, or paycheck loans. All of these terms refer to the same type of loan. Pay day loans are relatively small cash loans that are given over a short period of time to help cover emergency expenses. Pay day loans are secured against your paycheck, which makes them easier to qualify for than most traditional loans or lines of credit (varies by lender). If you are approved for pay day loans, many lenders can have the funds directly deposited into your bank account by the next business day (varies by lender). The size of the payday loan for which you are approved will depend primarily on your monthly income. On the loan's due date, the amount of your loan plus a reasonable finance charge shall be deducted from your checking or savings account automatically.

Who Qualifies for Pay Day Loans

The qualification standards for pay day loans will vary from lender to lender. However, generally speaking, our lenders tend to require the following of borrowers:

• Make a minimum of $1,000 per month
• Have a job or alternate source or regular income
• Have an active checking or savings account with direct deposit
• U.S. citizen
• At least 18 years old

Signing up for Pay Day Loans

You can sign up to be put in touch with a lender of pay day loans quickly and easily on our site. Here is how the process works:

1. Give us some contact information. We will first need some contact information from you to provide to your lender. Just take a few minutes to fill out our simple, online form.
2. We select the right lender for you. Based on the information you provide us, we will select a lender of pay day loans that can meet your unique needs. You will then be referred to the lender's website.
3. Apply for pay day loans. If you wish, you can then apply for pay day loans for free on the lender's website. Most of our lenders offer simple online applications that can be completed in two or three minutes.

If you are still not completely understanding the process and have some questions, you can read through frequently asked questions, and their answers, for even more information.