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How can a payday loan help me?

Simply put, a payday loan is method whereby a lender will provide short-term cash to a borrower for a specified amount of time - usually just until the person's next paycheck. These loans (of roughly $100-$1500) are made by established lenders who have set up this type of program to provide economical funds to people who only need cash to tide them over until that next payday.

Payday loans are also referred to as cash advances, payday advances & bad credit loans, but they all amount to the same thing; and that is a way for a consumer to get their hands on immediate cash with very little in the way of requirements. These loans are not intended to be a long-term financial tool, but instead, they are set up to help people out of temporary financial binds.

At Cashhhh.com, we can help a consumer to locate a loan source that works with individuals under their specific set of circumstances. Each lender may vary in their lending policies, so we work to match up the borrower with the appropriate lender. PaydayLoanSite.com works with only the best in the industry to make sure that you are properly covered whenever the need arises.

Are you a lender?

No. We are not a lender and want all our customers to be fully aware of that. If matched with a lender, please contact them to discuss the terms of the loan in detail.

What are the implications of Late Payments and Non-Payments?

Again, we are NOT a lender and please ask to check with the lender if matched with one.

What is the renewal Policy?

Since we are not a lender, please check with the lender if you are matched with one. Many lenders offer renewals and have different policies pertaining to such.

What is your code of responsible lending?

We always ask to use short terms loan responsibly. Since we are not a lender, please check with the lender on the code of responsible lending, if indeed you are matched.

What are the fees and APR?

Since we are NOT a lender....please refer to them. Here is some general information: Rate and repayment information is based on your personal eligibility for a loan and varies per customer. Rate and repayment information will be available to you if you are approved by a lender. No loan will be issued unless you accept the rate and repayment terms you are presented upon completion of your application.

However a representative APR example is as follows: Rates vary by state, applicant information and lenders. An example loan of a $100.00 for 14 days could cost $25.00 in fees with an APR of 651.79%. The total amount to payback could be $125.00.

How do I know if I'm qualified for a cash advance?

While we can't possibly guarantee that every loan application that is submitted through our site will be approved by any of our lenders, qualifying is a fairly simple process. There are three major qualifications that any applicant must have to be considered for a payday loan - these include:

  • Being no younger than 18 years of age
  • Having a verifiable source of consistent income
  • And, having a bank account in your name that is in good standing

If you're able to meet these requirements, then you already have a significant portion of the task taken care of. With that said, every lender will have their own share of special requirements for eligibility that are set according to their individual policy (just as different banks have different requirements for borrowing on other types of loans). Some lenders will look at an applicant's source of income as a main point of reference, while others may consider that person's payday loan activities from the past.

The most effective way of getting a loan approval, is to make sure that all of your information is easily verifiable. This means providing detailed and upfront information as request by the individual lender. Lenders do have the right to turn down any application for any reason, so it is best to make sure that you do not give them just cause to deny an application; making sure that the information on your application is verifiable by phone called and or by fax is the simplest way of getting your application approved in the shortest amount of time.

What is the process for applying for a payday loan?

The first step in the process is to fill out our simple online a loan application, and once that's sent, the information goes directly into our system where we match your loan up with the appropriate lender within seconds.

Utilizing unique algorithms, a lender matching your specific needs will be forwarded your information, and after their review, they will send you a loan agreement that you simply sign electronically and submit back to the lender. If you happen to see terms or conditions from the lender that you are not completely satisfied with, you have the option of (and every right to) turn down those terms and start the process over again with a different lender.

After you have signed an electronic loan agreement that you are satisfied with, the bank will deposit the funds into your account electronically on the next day of business. For ease and convenience all transactions of funds will take place by electronic transfers.

How much time do I have to repay the payday loan?

The average amount of time given to a borrower to repay a payday loan is normally determined by their next payday; that is typically when the loan becomes payable in full. But noteworthy, is the fact that the vast majority of lenders will gladly provide extensions with a borrower only being responsible for fees and interest incurred as of the original due date.

Once a loan transaction has taken place, you and the lender now have a direct connection, and you will be directed to the lenders own web site or other portal for full details on how the repayment process is handled. With the majority of lenders being amenable to request for extensions, most will have clear listings of all available options that applied to the due date for the loan. Some of these are:

  • Take no action, and the loan will be auto financed
  • Or you can pay off the loan in full on the due date
  • Or you can request an extension and pay off your interest and fees
  • Or you can request an extension and pay the interest and part of the original payday loan amount

At this point, if any questions do arise, your lender is your primary contact; PaydayLoanSite.com as the facilitator, as no longer involved in the loan process.

How do the payday loan funds get to me?

Normally within one business day of your loan approval and agreement being signed, the funds will be electronically deposited to the bank account that you specify on your application. With our vast network of lenders, you will often find that funds may be deposited within an hour in many cases.

What is the typical timeline for payday loan funds to get into my hands?

Usually, our lenders process payday loans immediately after the application and relevant documentation has been received & signed; the normal time for the funds to reach a client's bank account is within 24 hours, as long as we're talking business days. If the application comes in on the weekend or bank holidays, of course, the loan will not be fully processed until the next business day.

When is the payday loan application available?

As with most online applications, our site is open 24/7. But, it is important to keep in mind that not all lenders operate in such wide time parameters; in cases where the lender is not open for business, such as in the middle of the night or on a weekend, it would be safe to assume that there will be a bit of a delay in the process.

You may also want to keep in mind that even though we have no limitations on the times that you may apply for the loan, there also in maybe occasional delays as the lender will require additional information to complete the process.

What size payday loans are available to me?

Cashhhh.com facilitates loans from $100 to $1500 - and everything in between - based on its individuals application. Lenders will review the application, and the amount being requested, and make their determination as to what amounts they feel are appropriate for each individual.

What should I expect to pay in fees for my payday loan?

Our network of lenders is extremely diverse, and you will find that they offer extremely fair and competitive loan rates. Of course, it goes without saying that these fees will vary from one lender to the next.

What's my next step if my payday loan application doesn't work out with the first lender?

As much as we may try to match up borrowers with the appropriate sources of funds, we cannot guarantee the outcome of a loan application. We work with the lenders to make every attempt at providing applicants that meet their specific requirements, but we do not in any way influence the decision-making process at the lender level. It is up to the lender which loans ultimately fit their program. If you are denied, you may want to reach out to the lender to get a clear understanding of why you were turned down.

What are my options if your company can't match me with an appropriate financial source?

After you have applied for a loan through our site, we exhaust all of our resources in an attempt to get your loan approved, we submit your information to lenders who meet your specific parameters, but we can't promise that these lenders will approve your application. All lenders have their own independent processes for qualifying a loan application, so the final decision lies in their hands.

Should you choose to re-apply at a later date, there are a few things that you may wish to consider in order to better your chances at a more successful outcome:

  • Pay close attention to the timing of the submission of your application - if you apply for a payday loan outside of normal banking hours, your application might be adversely affected.
  • Consider utilizing direct deposit of your regular pay - being able to show that your paychecks from your job are electronically deposited, gives the lender a higher degree of confidence regarding the repayment of the loan.
  • Be careful to make sure that you have a clear record dealing with payday loans - if you have too many outstanding loans, or a history of slow or non-payment of loans, your application is sure to denied

I have a savings account, but no checking account, what can I do to get a payday loan?

Many of our lenders are quite flexible, and will work with you. It's simple, you will just need to get routing information from your bank to allow the lender to direct your approved funds for direct deposit.

I receive regular benefit payments from my state, am I eligible?

With the vast lender network that we have, we are connected to a number of lenders who work with these types of scenarios; as long as you can show that there is a history of these payments & they are ongoing; you should not have a difficult time getting approved.

Can I still get a loan if I'm not in possession of a drivers license or state ID?

All you have to do is show that you have other nationally accepted pieces of ID, meaning a government issued passport or a social security number

Are credit checks a part of the approval process?

Our lenders typically do not run regular credit checks, what they will check is your history with payday loans and you identification - to make sure you are who you say you are.

How much will the loan cost?

The cost of the loan and the APR depends on your application. The terms are disclosed in the application process when you are directed to the lender's website. At this point you have NOT accepted the loan. If, when the terms are disclosed, they are not acceptable to you, do not sign the application.

What is your renewal policy?

Renewal policies are determined by the lender, not by us, so they will vary. But, be aware some lenders may not debit your account for the full amount of the loan, which may result in additional fees and a renewed loan. Make sure you read the renewal policy carefully and make your wishes clear to the lender.