Frequently Asked Questions:
What exactly is an online cash advance?
An online cash advance or is a short-term, unsecured cash loan that is paid out to you and required to be paid back in a short period of time. Customers choose an online cash advance to cover little, unexpected costs while avoiding expensive fees for bounced checks and/or late payment or overdraft charges. Obtaining a cash advance can enable you to pay some of your responsibilities on time instead of accruing late fees’s and other penalties. Not to mention, you don’t have to leave the comfort of your home or office.. No standing in line at a brick and mortar store location.. Once your application is approved, the money is deposited directly into your checking or savings account usually by the next banking business day.
What is a payday loan?
A payday loan is similar to a cash advance. Basically you are loaned an amount and are required to pay the loan back on your next payday.
What can such a loan be used for?
You can use this money to cover rent, pay other bills, medical costs, car repairs, special celebrations, unexpected financial situations, or anything you need urgent extra money for. It’s entirely up to you to use it as you see fit.
What is an installment loan?
An installment loan is just that. A loan made to you and paid back in installments. These loans are typically written for larger amounts. i.e – a few thousand to as much as $10,000. These types of online loans can help build credit and payment history with lenders.
What is a Title Loan?
Title loans are loans made to you using your car, truck, suv, tractor, etc as collateral. These loans are paid back in installments just like above. You will have a payment schedule and loan amounts are small to large.
How are the fees worked out?
Fee’s are worked out with your certified lender at the time of approvals. They can vary depending on the loan you decide to take out.
What do I need to qualify for a loan?
Lending guidelines are more favorable than traditional banks. You must meet all the following requirements:
– You must be a U.S. resident and at least 18 years old.
– You must be employed.
– Have an employment income of atleast $800-$1000/month
– You must have a savings or checking account with a banking institution.
If I have a bankruptcy or bad credit can I still get the loan?
Yes, you can still get an advance despite bounced checks, repossessions, charge offs, bankruptcy, and other credit related issues.
Is my personal and financial information secure?
Yes. We respect your right to privacy and security when managing your finances. Our site uses various security methods to maintain the security of your information. All sensitive data transmitted between your browser and our website uses 128bit Secure Socket Layer (SSL) encryption technology.
What is the process to apply for a loan online?
Simply fill out the application form on our site. Our lenders will assess it and then contact you by phone or email and let you know the results of that application.
What information do you need from me to complete the application?
We need basic details such as your full name, address, contact phone number, email address, employment details, social security number to prove identity, other source(s) of income, and banking details.
* Please remember, all information you submit into our application form is secured and protected. All sensitive information is held in the highest regard and never shared/distributed to 3rd parties other than our lenders. We take your information very seriously and will prosecute all violators to the highest degree of the law. We are a proud American company and treat your private information as confidential.
You should have a printer in order to print out the loan documents. If you do not, then our lenders can email them to you. This way you can find someone who does have a printer and print them off. Also the lender who receives your inquiry will also need for you to fax/email over the information to them. Information such as your bank statement and a pay stub will need to be faxed/emailed over. If you do not have a fax machine you can always use ones available at Office Max, Kinkos, Mail Boxes, Stables, Grocery Stores, Banks, etc.
Do you charge an application fee?
No. We don’t charge an application fee for any of our loans. Use of our website is absolutely free.
What is the cost?
There is no cost to use OnlineCash4Payday.Com’s lender matching service. The fees of the loan will vary depending on the amount and the lender. The lender will notify you of the exact fees for the loan once on their website. However, please bear in mind that cash advance loans have been designed with emergency needs in mind and will be lower in terms of expense as compared to late charges, check fees etc. which you may incur if you are late with payments.
What if I have a bad credit history?
Your past financial situation does not matter in this situation. It doesn’t matter what your past credit history was or is now. Our lenders often approve loans that other lenders turn down. Remember, as long as you have income, are atleast 18 years old, are a U.S. citizen, and have a checking or savings account with a financial institution, you qualify. We’ll get it done for you.
Can I have more than one loan at the same time?
This is a state by state regulation. Some states will allow it, while others won’t. Make sure to check with your lender or you can check our State by State regulations.
When will I receive my money?
We believe in a speedy and efficient processing of your application. Usually an application is processed and approved with-in 24-48 hours.. Sometimes even faster than that. Once it’s approved, you’ll communicate via phone or email with our lenders to work out the details for re-payment. Usually this is the next paycheck. Then you’ll receive the funds directly into your bank account on the next banking business day.
How will I know if my loan has been approved?
You will receive communication via email or phone with details about your application with-in 24-48hours.
There are different policies followed by different lenders in our network. It is advised that you review the policies pertaining to late payment often found in the lender’s documentation prior to inserting your e-signature on that document. However, many states have laws that dictate how much lenders are allowed to charge for late payment.
Is an extension possible on repaying my loan? And how many extensions can I get?
The state laws on this differ and dictate if a lender can grant you an extension often referred to as a ‘rollover’. While some states allow for multiple rollovers, others do not allow it at all. You should ask your lender about anything concerning rollovers / extensions. Also make sure to contact your lender with an extension request prior to the due date of your payment. If you do not do it in time the lender will charge you additional fee and ask for immediate payment of the remaining balance. Also additional fees and other charges may be levied on you if you default.
When and how do I repay this loan?
Both the loan fees and the amount is withdrawn directly from your checking account once the due date has been reached. You will not have to think twice about it! This saves you from having to visit any store. An extension may be requested by contacting your lender prior to the due date. But there will be additional fees which apply to the extension.
*If you need assistance with questions or would like to contact customer service: