The following questions and answers represent those that we
are most commonly asked in regard to short term lending and our website in general.
If the answer to your question is not listed here, please visit our Contact Us page
to send us your inquiry and we will respond as quickly as possible. If your question
pertains to a particular loan or offer for credit, you should inquire directly with
What is a Short Term Loan?
A short term loan is essentially a financial instrument that allows consumers to
access cash quickly during times of great financial need. Since these loans are
available to consumers regardless of their credit scores, they will not have to
deal with the hassle of a credit check in order to get funds. The process is
incredibly fast and far less frustrating than attempting to obtain credit from
traditional lenders. Our lenders can help you obtain as much as $1,000 depending
on the lender, your state and your financial situation.
How Can I Qualify for a Short Term Loan?
It is much simpler to qualify for the payday loan than other forms of credit. In
fact, we can connect a great part of the users who request through us. You need to
be 18 years old or older, legally employed and living in the United States, have
a bank account in your name, have a valid email address, have a working
telephone number and meet the minimum income requirements as set forth by your
lender. Some lenders may offer funds if you do not have an employer as long as
you are still receiving regular income through SSI or other methods. You should
check each lender’s terms carefully as we cannot provide you with any
When is a Short Term Loan a Good Option?
Short term loans are designed to be used only in financial emergencies as a
short-term solution to help you make ends meet between paychecks. All of the
same cautions used when obtaining any form of credit should be used when
deciding whether or not to take out a short term loan. You should never request
a loan for any other reason but financial emergency, and if you are
experiencing serious financial troubles, you should consult a counselor before
taking out a loan.
What if I Have Multiple Jobs or I am Self-Employed?
If you have multiple jobs, you should disclose the information about your
primary job on your request form and then provide additional information about
second or even third jobs during communication with your lender. Similarly, if
your lender asks you to send them paycheck stubs, you should send stubs from all
of your employers. If you are self-employed, you only need to show that you have
significant income to meet the lender’s guidelines and that your business has
been established and your income has been regular for 90 days or more.
Are Short Term Loans Expensive?
Short term loans can cost as much as credit card cash advances or overdraft fees
from your bank. In fact, when used responsibly, these loans may actually cost
less. The interest rates for short term loans are higher than those for other
forms of credit because lenders are assuming a great deal of risk when they lend
to individuals without performing a credit check, but since these loans are
designed to be repaid quickly, the interest is minimized. You should always be
sure to repay your loan on time in order to avoid any unnecessary expense
associated with your loan.
How Much Does it Cost?
The total amount that you will be expected to repay is determined by several
factors including your financial situation, your lender, the state in which you
live, the amount of money you borrow and whether or not you repay your loan on
time. Some of the fees that may be applied to your loan include finance charges,
interest, late fees, rollover charges and more. Please review your offers
carefully to determine exact charges.
Will I Have to Fax Documents?
Although it is the goal of our lenders to provide you with the funds you need as
quickly as possible, there may be times when your additional information will
have to be verified to reduce the lenders’ risks. You may be asked to provide
proof of employment, bank account status and legal status within the United
States to obtain a loan. If you do not have a fax machine, your local UPS Store
or public library can help you fax these documents for a small per-page
What if I Have Questions about the Lending Terms?
According to the Truth in Lending Act, each lender is required to provide you
with the terms, conditions and charges associated with your loan in writing
before extending any credit to you. If you have questions regarding the terms of
a loan offer, or if you do not agree with these terms, this should be directed
to the lender who made the offer and you should not accept the offer until
clarification has been provided. Since we are not a lender, we cannot offer such
clarification. However, we do want to remind you that once you have provided an
electronic signature, you are contractually obligated to follow its provisions.
Therefore, please read your offers carefully and ask your lender about anything
you do not understand.
How Do I Get Connected?
Getting connected with a lender is as simple as visiting our online form page.
We only ask you for the
information that is absolutely necessary for processing your request for credit.
Once this has been completed, the information is forwarded throughout our
network of lenders. If you are connected with a lender and approved for a loan,
your lender will contact you via email; you may also be redirected to that
lender’s website home page. You should review the offer you get carefully, and
if you agree with the terms, e-sign loan agreement. After you have provided your
signature, your funds will be deposited into your bank account in as soon as the
following business day in most cases.
How Do I Repay My Loan?
The terms associated with the repayment of your loan will also be detailed in the
terms and conditions you receive from your lender. In most cases, the lender
will simply withdraw the amount you owe—the loan amount plus fees and
interest—from your bank account on the repayment date; you only need to ensure
that the funds are available on that date. If you cannot do so, please contact
your lender as soon as possible. You may be eligible for alternatives like
rollovers or extensions that could save you money in the long run.
What if I Have Questions about My Loan?
If you have any questions regarding a particular loan, you should discuss them
with your lender as soon as possible. In order to protect your privacy, this
service does not have access to any information about your loan. Your loan
agreement should contain all contact information so that you can reach the
lender if you have any issues. If your lender fails to respond or if you feel
that the answer you receive is unsatisfactory or unfair, you can contact various
government agencies through the links we provide. These agencies will work to
help you obtain issue resolution.
How Many Loans Can I Have at One Time?
Although we discourage you from taking out more than one loan at any given time,
there are some states that allow for two or sometimes even three outstanding
loans at the same time. When you request a new loan, you are required to
disclose any information about your existing loans in your request form. Even in
states that allow multiple loans, there may be limits on the total amount of
credit that can be extended to you, meaning that you may be denied. Our lenders
also reserve the right to refuse credit to anyone who already has an outstanding
loan regardless of the regulations in that state.
What if I Cannot Repay My Loan on Time?
First and foremost, you should review your loan offer and finances carefully
before filling out the form, and you should never request loan if there is
any doubt that you will be able to repay the loan on time. However, our lenders
understand that emergencies happen, and many offer alternatives. If for any
reason you are unable to repay your loan on time, you should contact your lender
as soon as possible. You may be subject to debt collection attempts, but our
lenders can never threaten criminal action against you. You should also remember
that your debt will continue to accrue interest at a very high rate until it is
Why was My Request Denied?
If your request was denied, this could be for several reasons. First, it
could be that you did not meet the basic criteria associated with obtaining a
short term loan. You will also be denied for a loan if you are currently in
bankruptcy, if you are in default with another short term loan lender, or
perhaps even if you already have an outstanding loan with another lender that is
still in good standing. If you feel that you have been discriminated against in
any way, please contact the Consumer Financial Protection Bureau.
Can I Request a Loan From the Same Lender Again?
If you had a great experience with a particular lender and you would like to use
that lender again, you can certainly do so. In fact, this is even encouraged as
it will help you build a business relationship with that lender which could lead
to larger loans, lower interest rates and access to other credit-related
products offered by that lender. Simply review the loan agreement or any
communication you received from that lender to obtain their contact information
and request a loan directly.