When will the money be in my bank account?
If your application is approved before 4PM PST or 7PM EST on a banking day, we will transfer the money to your bank overnight, and the funds should be posted to your account the next banking day.
Note: The exact availability of the funds is subject to your bank's processing schedules and policies. This chart assumes that none of the days are bank holidays. If you have any questions, please contact your bank's ACH department.
What if I cannot pay the amount owed by the due date?
If you choose not to pay your loan on the due date, you can extend the loan for an additional fee. You can extend your loan up to three times, paying only the finance charges and fees due at that time.
After THE FIRST THREE (3) extensions you must pay (on loans up to $599.00) a minimum of $50.00 more than the fees due until the loan principal is fully repaid. On loans of $600.00 or more you must pay a minimum of $100.00 more than the fees due until the principal is fully repaid. ANY LOANS that exceed 27 days in duration, the above payment minimums on the principal are doubled.
Why do I have to pay extra on the principal when I do an extension?
Payday loans are designed to be short term loans to meet an immediate need. Unfortunately, a dependence on extensions moves a customer into a long term situation which is not in their best financial interest. We are committed to dealing with consumers with honesty and integrity and do not wish to take advantage of anyone or to allow them to abuse a system to their own harm.
Can I have more than one loan at a time with Cash Advance Payday Loan.Com?
No. We only allow one loan per household or bank account at a time. You must wait at least 4 banking days after paying off a loan before applying for a new loan.
Do I need access to a fax machine?
If you are a new customer applying for the first time, you may be asked to fax your current bank statement and a voided check before your loan application can be considered. Previous customers with Bank Statements already on file that are more than 90 days old, may need to fax a new current bank statement and voided check when they apply for another loan.