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What is a payday loan or cash
advance?
A payday loan or cash advance is an unsecured,
short-term cash loan to help you until your next payday. Customers
choose payday advances to cover small, unexpected expenses while
avoiding costly bounced-check fees and late payment penalties. At
Fast Cash Loans Service, apply online for a payday loan and your
advance will be electronically deposited to your checking or savings
account.
What can a payday loan be used
for?
Whether you are paying off bills, celebrating a
special occasion, or covering an unexpected cost your payday loan is
there to be used at your own discretion. In other words -
ANYTHING.
How much can I
receive?
Your first Fast Cash
Loans Service loan is based upon the information you provide in your
application. You may borrow an amount up to $1500, and after a
successful repayment of your payday loan, we may raise the amount on
any future Fast Cash Loans Service
loans.
How are fees
established?
Our fees are
competitive and in compliance with all applicable state and federal
laws.
Depending on the lender, fees can range from $25 to $30
per $100 borrowed. For example, if you borrow $300 the fee will be
between $75 and $90.
How do
I qualify for a payday loan?
Fast Cash Loans Service does not perform credit checks,
which makes qualifying for a payday advance easier than qualifying
for traditional credit. You should meet all of the following
requirements:
- Currently employed (or receive regular income)
- Make at least $800/month
- Be 18 years of age or older and
a U.S. citizen
- Have a checking or savings account with direct
deposit.
What is the procedure to apply for a
payday loan?
To apply for a payday loan, complete and
submit the application found on our website. At that point, the
approval process will immediately get under way and an agent will
notify you of your status.
What information do I need to complete
the application?
We need your name, address, employment
information, banking details in order to complete your payday loan
request.
Is my personal and financial
information secure?
We respect our customer's right to
privacy in managing their personal finances. Our site uses a variety
of security measures to maintain the safety of your personal
information. All sensitive data transmitted between your browser and
our website uses 128 bit Secure Socket Layer (SSL) encryption
technology.
Is there an
application fee?
NO, Fast Cash
Loans Service never charges applicants a fee to qualify for a payday
loan and you are never obligated to take the loan even if approved
if you don't like the terms we offer you.
Does submitting an application obligate
me to take out a loan?
No; submitting an application
simply states that you wish for one of our agents to approve and
contact you to discuss your payday loan options. You may ask us any
questions, and withdraw your request if you so choose. If you are
ready to proceed, you may confirm your information and officially
agree to terms with one of our
representatives.
What if I
have bad credit?
As we do not
perform credit checks, bad credit will not prevent you from
receiving a payday loan through Fast Cash Loans Service. Our
friendly managers will work with you, even if you have been turned
down by other lenders.
Does
being a tenant influence my eligibility?
Whether you rent or own your home, it does not affect
your eligibility for a payday loan.
Do I need to fax my
information?
There is no need
to fax any personal details. The lending company will instantly get
all necessary information online.
Can I have more than one payday loan at a
time?
No, all other payday
loans must be repaid before another may be
granted.
Do you contact
current or former employers?
No, the lenders operate a strict confidentiality
policy. None of your personal information will be passed
onto any third party without your prior agreement or unless required
by law.
Do I need direct
deposit?
Your bank account must
be set up with direct deposit to qualify for a cash advance. It is
the most secure way to offer loans as quickly as we do and get the
money to you in the shortest amount of time. Almost all banks in the
U.S. offer this.
When will I
receive my payday loan?
You
application will be processed within 30 minutes upon being received.
Once approved, you may collect your loan within an hour or at
latest the next business day (if banks are closed for the day
when your loan is approved). At that time, we will help schedule a
repayment date so you will not have to worry about bouncing a check
or missing a deadline.
How
will I know that my loan has been approved?
You will receive an email
notification once your loan has been approved. Fast Cash Loans
Service reserves the right to make adjustments to your loan approval
up until you receive the funds in your bank account based on new
information received regarding your
application.
When will my
loan be due?
Each state has
different rules and regulations regarding loan due dates. You will
discuss this with the lender's agent after your loan is approved.
Long term installment payments are sometimes available.
What if I want to pay back my loan
early?
Contact us if you wish to
pay off your loan before the scheduled due date. In doing so, you
may be entitled to a partial refund of your loan fee.
What if I am unable to repay my loan by
the due date?
If you cannot repay the full amount of
your loan by the due date, you may be able to request a loan
extension.
The following payment options are
available:
1. Pay the loan in full on the maturity date listed on
your loan agreement.
2. Pay the finance fee and a portion of the
principle on or before the maturity date.
3. Pay only the finance
fee on the maturity date.
How often can I get a payday
loan?
We are available any time you need financial
assistance between pay periods. e encourage all of our clients to
use these loan responsibly and keep in mind that a payday loan is a
short-term solution to an urgent cash need; they should not be used
repeatedly to deal with continuous budgeting
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