Frequently Asked Questions


Bad Credit Payday Loans – Frequently Asked Questions


Have Questions? Of Course You Do. Here’s A Quick Q & A.

  • What is an installment loan?

    An installment loan is a loan that is repaid over time with a set number of scheduled payments. The term of loan may be as little as a few months and as long as 30 years. An auto financing contract or mortgage are examples of installment loans. The term is most strongly associated with traditional consumer lending products, originated and serviced locally, and repaid over time by regular payments of principal and interest. These “installment loans” are generally considered to be safe and more affordable alternatives to payday loan or car title loans.

  • What is a Payday Loan?

    A payday loan (also called a payday advance) is a small, short-term unsecured loan, “regardless of whether repayment of loans is linked to a borrower’s payday”.The loans are also sometimes referred to as “cash advances” or “personal loans”. Payday loans are usually written for less then 30 days and traditionally have higher annual percentage rates then installment loans. Payday Loans are very short term and require a lump sum payment at the end of the contract while installment loans are generally broken down into smaller equal payments over a longer period of time.

  • Do we practice responsible lending?

     Prior to approving a loan, we look at the borrower’s stability, ability and willingness to repay their loan. We try to make sure that the loan we approve is as AFFORDABLE as possible. Another determining factor is our lending history with the borrower, many of whom are loyal customers who come back and reuse our loan products. We look at each application independently and never use credit scores or a scoring model to determine your ability to repay your loan. We want to earn your business with great customer service and keep it by providing you with the professionalism and support you deserve.

  • Do you check credit from the 3 major collection companies?

    We do not run your credit for loans under $500.00 If you are applying for an installment loan over $500.00 then we reserve the right to pull your credit but we usually don’t and rely on other things such as length of employment, length of residency and debt to income ratio when determining your credit worthiness.

  • How much of a loan can I qualify for?

    We offer loans from $100 – $5,000 dollars with repayment options ranging from 14 – 365 days. We will do everything we can to approve your requested loan amount but can not tell you what you qualify for until after we take a look at the information you provided.  We try to help every single customer and want to make sure we review your application extensively before we issue you an offer.

  • How much does the application cost?

     Your loan application is 100% free of charge.  You under absolutely no obligation until you accept the terms of the agreement by digitally signing the contract.

  • What are our interest rates?

    The interest rates you will charged depend on the loan product you choose and the overall risk associated with your loan. We want to offer you the lowest rates possible but can’t quote interest rates until we determine your ability to repay your loan. The good news is that you are under no obligation until you review and accept the terms of your loan agreement.  Your loan agreement will disclose your Annual percentage rate and other important information regarding your loan so make sure you read it carefully and don’t sign it unless your 100% comfortable with it. 

  • Is My Application Secure and Confidential?

     Security is very important whenever you’re dealing with financial and personal information. This site uses the latest encryption technologies to prevent your information from falling into the wrong hands. Data you submit through our site is extremely safe, and cannot be accessed or viewed by unaffiliated third parties. All material is confidential and your personal information (however, it is provided to the lenders who process your application).

  • How does the money get to me?

    After you loan is approved, you will receive an email which confirms the approval. Your money will be deposited into the checking account you specified on your loan application. This process can take anywhere between 4 and 24 hours depending on the speed of your financial institution. If you use online banking you can just monitor your account until the money hits. Once it arrives you can simply go to your bank and withdrawal it just like normal. 

  • How do I repay my loan?

    Most customers repay their loans in full when they come due at the end of the lending period or repay their loan with low payments in accordance with your loan contract. You can set these payments up to come out of your account automatically on a date of your choosing, send a payment by mail or log into the lending site and make your payments there. There are several ways to repay your loan and you can always pay off early & save money. 


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