Thursday, June 7, 2007

Payday Loan F.A.Q

What is a Payday Loan or Cash Advance?
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 Payday Quote Advisor 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. Payday Quote Advisor does not perform credit checks. Your job and your paycheck act as your collateral



What if I have bad credit?
Bad credit will not prevent you from receiving a payday loan at Payday Quote Advisor. Our friendly managers will work with you, even if you have already been turned down by other lenders.



Is my application and financial information secure?
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 much can I receive?
Your first Payday Quote Advisor loan is based upon the information you provide in your membership application. After successful repayment of your payday loan, we may raise your loan amount on any future Payday Quote Advisor loans.



When I will receive my payday loan?
Your application will be processed within 30 minutes, once it has been received. When approved, you will receive your loan on the next business day. Once you receive the loan, we will help you to schedule you repayment dates so that you won’t have to worry about bounced checks or missed deadlines.



How do I know that my loan has been approved?
You will receive an email notification once your loan has been approved. Payday Quote Advisor reserves the right to make adjustments to your loan approval until the time you receive the funds in your bank account based on new information regarding your loan application.



When will my loan be due?
Your due date will normally be due on your next payday that is between 8 and 25 days away. Each state has different rules and regulations.



What if I can’t repay my loan on the due data?
If you can’t repay the full amount of your loan on the due date, you may be able to request a loan extension.

How are fees established?
Our fees are competitive and in compliance with all applicable state and federal laws.

1 comment:

Kara said...

Payday loans are very short-term loans, with payment terms ranging from 1-2 weeks. The repayment of such a loan happens once you get your paycheck. Cheap payday loans should be sought if you are not in a mood to pay twice the money that you have borrowed. The benefits of payday loans are that there is no credit check of the borrower. Payday loans are normally paid to into your account on the day you apply.