1)
What is a payday loan?
A payday loan is
an unsecured personal loan ranging from $100.00-$500.00
U.S. Dollars. The Loan is required to be paid in full
including interests fee's with a maximum extension
date of 60 days in most states.
2)
What can a payday loan be used for?
You can use the
payday loan for whatever purpose you like. Whether
you want to pay off bills, emergency situations, or
any other unexpected occurences.
3)
What do I need to get a payday loan?
To get a payday
loan you must be employed (3 months or more), have
an active checking account, earn a monthly income
of at least $900.00. You must also be a U.S. citizen
and least 18 years of age to qualify for cash loans.
4)
How long will it take for me to get approved?
Once you submit your application to us a representative
will review your application. If the information is
correct and "true" and you meet our minimum
requirements listed above you will be approved for
a cash advance.
5)
How do I receive my payday loan?
Once your application
is approved you will be notified by email and you
will also be called to confirm your requested loan
amount. Once U.S. Payday Loans has contacted you we can issue
you the cash advance loan via direct deposit.
6)
What is the maximum amount I can borrow?
Typically the maximum
payday loan amount you can borrow is up to $500. Be
aware that other payday lenders may offer you up to
$1000.00 but this is against U.S. Law in all 50 U.S.
States.
7)
Do I need collateral to get a payday loan?
You do not need
collateral to obtain a payday loan from U.S. Payday Loans. You can easily get your cash loan simply
by meeting our minimum cash advance & payday loan
requirements.
8)
How do I receive my payday loan?
Once you're approved
an e-mail confirmation will be sent to you. We will
then follow up with you by phone. The cash advance
will then be wired directly to your checking account
within 24 hours of your cash loan approval.
9)
What if I have Bad or No Credit?
Credit is not an
issue at U.S. Payday Loans. There are absolutely no
credit checks or application fee's. Your employment
is your collateral.
10)
When do I have to pay the payday loan back?
Your re-payment
is due on following pay period after you have been
issued the cash advance. You may choose to extend
your cash loan up to 31 days however late fees do
apply.
11)
If I have a payday loan from another company, can
I apply?
No. U.S. Payday Loans does
not lend to anyone with outstanding payday loan balances.
You must first have your prior loans with other payday
loan firms paid in full before submitting your online
application.
12)
Can I pay my payday loan back early?
Yes. There are no
penalties for paying your payday loan off early. We
actually encourage this practice. If you are capable
of paying the loan amount off early it would more
than likely be in your best interest.
13)
Do you allow extensions?
Absolutely! Just
contact U.S. Payday Loans before your current due
date and for a small fee well make arrangements to
have your payment extended to the following pay period.
It's just that easy at U.S. Payday Loans Loans.
14)
Do I have to pay any additional fees?
Depending on which
lending institution your payday loan application is
sent to, you may be required to pay a lending fee.
Fees range anywhere from $20 -30 per $100 that's borrowed.
Faxless Payday Loans: U.S. Payday Loans has
eliminated the paper trail. We offer the fastest payday
loan service by offering faxless payday loan applications.
There is nothing easier than this!
