Frequently asked
payday loan advance questions and answers:
WHAT
IS A PAYDAY LOAN?
A cash advance is a
short-term loan between paydays where the funds are
electronically deposited to your checking account.
HOW
CAN I GET A PAYDAY ADVANCE?
Complete an
on-line application agreement.
HOW
MUCH CAN I BORROW?
$50.00 to $255.00,
depending upon your income.
HOW
WILL I KNOW IF I AM APPROVED OR DECLINED?
You
will receive an E-mail advising you of the status of your
application, advance amount, ETA of funds to your account and
repayment date.
HOW
MUCH DOES A PAYDAY CASH ADVANCE COST?
ANNUAL
PERCENTAGE RATE (APR) CALCULATION
Finance
Charge/Amount Financed/Number of Loan Days x 365 (days in a
year) x 100 (for conversion to percentage rate) = APR
|
Amount
Financed
|
Finance
Charge
|
Amount
of Check
|
14-Day
APR
|
30-Day
APR
|
|
$
50.00
|
$
8.83
|
$58.83
|
460.42%
|
214.86%
|
|
$
75.00
|
$13.24
|
$
88.24
|
460.25%
|
214.78%
|
|
$100.00
|
$17.65
|
$117.65
|
460.16%
|
214.74%
|
|
$125.00
|
$22.07
|
$147.07
|
460.32%
|
214.81%
|
|
$150.00
|
$26.48
|
$176.48
|
460.25%
|
214.78%
|
|
$175.00
|
$30.89
|
$205.89
|
460.20%
|
214.76%
|
|
$200.00
|
$35.30
|
$235.30
|
460.16%
|
214.74%
|
|
$225.00
|
$39.71
|
$264.71
|
460.13%
|
214.73%
|
|
$250.00
|
$44.12
|
$294.12
|
460.12%
|
214.72%
|
HOW
LONG DOES IT TAKE?
Most advances approved
before 3 PM PST will receive there advance the next business
day.
SEE: SAMPLE CHART - exact availability of funds are
subject to bank schedules, policies, and bank holidays.
|
Funds
Availability
|
|
Day of
Approval by 3 PM
PST
(Pacific Standard
Time)
|
Mon.
|
Tues.
|
Wed
|
Thurs.
|
Fri.
|
|
Mon.
|
-
|
X
|
-
|
-
|
-
|
|
Tues.
|
-
|
-
|
X
|
-
|
-
|
|
Wed
|
-
|
-
|
-
|
X
|
-
|
|
Thurs.
|
-
|
-
|
-
|
-
|
X
|
|
Fri.
|
X
|
-
|
-
|
-
|
-
|
|
Sat Sun
|
-
|
X
|
-
|
-
|
-
|
Day of Approval by 6 PM
PST (Pacific Standard Time)
* This sites services
may change from time to time without notice.
HOW
SOON DO I HAVE TO PAY IT BACK?
Approximately
two weeks or your next payday. Please enter your exact
paydays accurately on the application.
DO
I HAVE TO PAY THE WHOLE AMOUNT?
Yes. You
do not have to wait till your next payday.
|
