Frequently Asked Questions

We at PaydayLoansintheUSA.com, don’t give any direct loans to the customers. We work on matching your information with the available payday lenders in our network so that you can make the best possible choice and fulfill all of your requirements. That being said, we are experts when it comes to the payday loan industry and if you have any questions, we will be happy to provide answers to you. Your questions can be on anything from payday loans to our service; it’s our job to answer your queries. If you don’t find a suitable response to your question here, please feel free to get in touch with us.

Payday loans often act as short term solutions for your cash flow related problems. We have plenty of lenders in our network and they can give you a loan of anything from $100 to $1000. This money will help you till the time you receive your next paycheck.

What Qualifications are required for Obtaining a Payday Loan?

There are not really many requirements for obtaining a payday loan. You just need to fulfill a few of the below mentioned requirements:

You should be 18 years old at minimum.

You must earn at least $800 every month.

You should be in a job for at least 30 days.

You should be able to provide an email address, a work & home phone number.

The total amount that can be borrowed?

You can receive as much as $1000 as loan. The total amount that you can take as loan depends on the information that you submit.

How is the Money Received?

You receive it straight on your bank account.

What happens in case of Bad Credit?

Payday loan is a great option even if you are in bad credit. Payday loan lenders understand that anybody can face bad financial times and hence, your credit history doesn’t really play a big role in determining whether you qualify for the loan or not. Despite having certain credit problems such as judgments, bankruptcy or other financial issues, you can still be approved to receive payday loan.

What is the Time taken to approve a payday loan?

Application process should be completed within 5 minutes barely, if you apply for a payday loan through PaydayLoansintheUSA.com. Once it is done, you can access numerous lenders who are willing to provide a loan. The loan money should reach your bank account within 24 hours of approval of the same.

Is a Fax Machine Required During The Application Process?

Most of the times, the lenders will ask for certain financial information from your end. Hence, it’s important to have access to a fax machine so that you can send them those important documents. In case you don’t have a fax machine of yourself, you can use one available at the postal store or a local library.

What is the total cost?

The total cost for repaying payday loans may vary depending on the lender, it depends on the terms & rates of the same as well. Once you are approved, the lender will inform you about the total cost before you end up signing any form.

Is obtaining Multiple Payday loans possible?

If you are paying off one payday loan, you can still apply for another. However, it is important for you to disclose this fact to the lender.

How is the loan amount paid back?

In general, while obtaining the loan, you need to agree that the payments are withdrawn automatically from your bank account. However, in case of any problems while making the payment, you are advised to get in touch with the lender.

What happens in case of late payment?

Each of the lenders in our network have their own policies when it comes to making the late payments. You should be aware of the late payment policy of the specific lender that you have chosen before you sign on any loan agreement.

Is Information Safe on PaydayLoansintheUSA.com?

Whatever personal information you provide to us is completely safe. Please note that we have our site protected through the security standards which are recognized across industries. The information that you give is encrypted during submission as well.

When can one be considered as eligible for applying for another loan?

72 hours after applying for your initial loan, you can apply for another. However, it is important to let the 2^nd lender know about your previous loan before applying.

Can the repayment period of a loan be extended?

The regulations vary between states when it comes to extending the loan repayment period. If you are residing in a state which allows extensions, you are advised to contact the lender to make them aware of the fact that you will not be able to pay off the loans. Please also mention that you are looking for an extension.

What happens in case of defaulting on loan?

In case of defaulting on the loan, the lender can take any legal steps for collecting the due amount. Apart from that, the interest rates can go higher as mentioned in the loan terms. You may need to pay extra in fees as well, thereby totaling the loan amount to a pretty high figure.