Frequently Asked Questions
What is a payday loan?
A payday loan is a small, short term loan that gets you back on your feet while waiting for your regular income. A payday loan is secured against this future source of income and you will need to pay the loan back.
What are the qualifications for a Payday Loan ?
• You need to have a current job or regular source of income (can be provided by welfare or social security.)
Note: If currently employed, you must make at least $1000 per month or $800 if you receive income through government aid.
• You need to be at least 18 years of age and a United States Citizen.
• You need to have an existing savings or checking account with direct deposit enabled.
Qualifications may vary depending on your lender.
How long is the process to get a payday loan?
If you are approved a payday loan lender can have money in your account by the next possible business day.
Do I need to have direct deposit enabled on my account?
Yes. Most lenders will require direct deposit in order to get money into your account.
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