What is a Cash Advance, Payday Loan, or Paycheck Loan?

A payday advance provides you with an unsecured, short-term cash advance until your payday. Customers choose payday advances to cover small, unexpected expenses while avoiding costly bounced-check fees and late payment penalties. With Personal Cash Advance you can apply for a payday loan online and have your advance electronically deposited to your checking or savings account.

What about Qualifying?

Qualifying for a payday advance is easier than qualifying for traditional credit. Personal Cash Advance does not perform credit checks. Your job and your paycheck act as your collateral. You only need to meet the following requirements:

• Currently have a job (or receive regular income)
• Make at least $1000 per month
• Are 18 years of age or older and a U.S. citizen
• Have checking account or savings account with direct deposit

Does the process take long?

Customers typically receive approval within hours of applying. Since the money is wired directly into your checking or savings account, you can usually have access to your funds the very next day

What if I have bad credit, NSF’s, charge-offs or a bankruptcy?

Not a problem! Personal Cash Advance does not obtain a credit bureau report to qualify you for a cash advance payday loan.

What about collateral to receive a loan?

No. Your job and your paycheck are your collateral.

Do I need direct deposit?

No

Is there an application fee?

No.  We never charges applicants a fee to qualify for a payday cash advance loan.

Is my application and financial information secure?

Absolutely. We respect our customer’s privacy needs in managing their personal finances. Our site uses a variety of security measures to maintain the safety of your personal information. All sensitive information transmitted between your browser and our website uses 128 bit Secure Socket Layer (SSL) encryption technology.

How is the payday cash advance loan amount determined?

By your income/debt ratio.

How are fees established?

Each lender has there own fee schedule that are competitive and in compliance with all applicable state and federal laws.

Why is there so much information in the Loan Agreement?

The Agreement is a contract that complies with all applicable state or federal disclosure requirements. It completely outlines the terms of the payday advance, including the cost of the service fee both as a dollar amount and as an annual percentage rate (APR).

How soon do I have to pay back the loan?

Payday cash advance loans are generally repaid back when you receive your next paycheck. The standard time for loan repayment is usually no less than four days and no longer than eighteen days. Of course you may also pay back your loan at anytime without any prepayment penalties.

What if I can’t repay the payday loan in full on my due date?

We have different payment options available for our customers:
1. Paying the loan in full on the maturity date listed on your loan agreement*.
2. Paying the finance fee and a portion of the principle on or before the maturity date*.
3. Paying only the finance fee on the maturity date*.

*Some additional terms and conditions may apply. Please ask your loan consultant about all of the repayment options.