Frequently Asked Questions
What exactly is a payday loan?
A payday loan helps you get the much needed money in the event of unseen expenses. They are secured by a future paycheck or other income such as government aid.
Who qualifies for a payday loan?
In order for someone to qualify they:
- Must have a regular source of income like a job (government aid applies as a source of income).
- Must have a monthly income is at least $1000
- Must have an existing checking or savings account with direct deposit enabled.
- Must be at least 18 years or older as well as a United States Citizen.
Different lenders may have different requirements
How long does it take to get the money if approved for a payday loan?
Most lenders can have money deposited into your account by the next possible business day.