Payday Company Loan for your payday loans and advances

Below are some of the more frequently asked questions of Payday Company Loan regarding the payday loans that may be applied for with our online payday loan application.

What exactly is a payday loan?
Payday loans are known by several different terms, the most common of which are: payday loan, payday advance, faxless payday loan, paycheck loan and payday cash advance.

Regardless of what you call them, a payday loan is a short term, usually between 7 and 21 days, loan solution that provides you with short term extra cash that you need to cover your expenses. You may use the payday loan for any legal purpose, such as to cover unexpected bills, medical expenses, NSF and bank fees or automobile repairs. Payday advances are not appropriate for long term financial requirements. The payday cash loan is secured against your future income in the form or your paycheck.

What do I need to qualify for a payday loan?

Generally, in order to qualify for an online payday loan you must: be a citizen of the United States who is at least 18 years of age; receive a steady source of income from which you receive not less than $1,000 per month; and, have an active checking account with a bank and have direct deposit in place.

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How long will it take to get my payday loan?
Fast! Payday Company Loan's clients usually receive approval of their payday loan anywhere from a few minutes to a couple of hours of the payday advance application having been submitted. Upon notification, the payday loan funds will be transferred electronically to your bank account overnight.

Do you charge for your service?
Payday Company Loan does not charge you anything for its service, we are here to help anytime you need extra cash between paychecks. We encourage all our clients to keep in mind that a paycheck cash advance loan is a only short-term answer to an urgent cash need, that the lenders charge anywhere from $10 to $30 per $100 borrowed, and to use these payday loans responsibly. Payday loans should not be used repeatedly to deal with continuing budgeting issues. If you need additional help with credit, budgeting or debt management, please call the National Foundation for Credit Counseling at 1-800-388-2227.

Is it safe to apply for a payday loan?
Definitely! For further information on security issues please visit our security page.

My credit is poor, or I have filed for bankruptcy, will this hurt?
No matter what your financial situation is, there may be good potential that you qualify to receive a payday loan since the payday advance is secured completetly against your paycheck.