2006-11-13T06:59:00.000-08:00

Cash Advance or Payday Loans How It Works

What is a cash advance or payday loan?

A quick and simple way to obtain cash needed between paydays.

1. How much can I get advanced until my next payday and how much does it cost?

Your first time advance can be up to $1000!!! In determining the approved amount of your first cash advance, we take into consideration your monthly net income (we cannot advance more than you can afford to repay), length of employment at current job, and if you currently have any payday advances (paycheck advances, pay day loans, short term loans, payday cash advances, etc) with another provider.
Upon approval, you will be contacted by phone to confirm the amount of your first cash advance and repayment date.

FEE: $20 per $100 advanced.

Amount Advanced Repayment Amount
$200 $240
$300 $360
$400 $480
$500 $600

Example:
All advances are scheduled for repayment in full on your next nearest payday.

2. How long does it take to get the cash advance?

Upon approval, we transfer your cash advance that same day, to arrive at your account the next business day.

All future requests that are received Monday through Thursday by 5:30 P.M. Eastern Standard Time, The cash advance will be in your account the next business day. Requests received on Friday, will arrive at your account Monday. (Banks and credit unions do not accept ACH transactions on weekends) Requests received on weekends will be processed on Monday for Tuesday arrival. All National Holidays are observed, and requests, will be processed the following business day.

3. What are the requirements for approval?

1) Be employed full time (not through temp service).
2) Take home a minimum of $1200 (after taxes) salary per month.
3) Have an active checking and/or savings account in good standing.
4) Be at least 18 years of age
5) Be able to receive phone calls at work and home.
6) Not have an application submitted or current loan with more than one other provider.
7) Fax all required verification items (First time only) after submitting application for approval.

4. Required Verification Items

Simply your most current complete 30 day bank statement and a copy of your personal check marked Void across the front. (online banking statement is accepted)

Upon submittal of your online application, an Agreement Signature Page will appear. Print, Sign and Fax the Agreement Signature Page along with the above listed Required Verification Items . Please be sure to sign your name on each page you fax so we can easily match your signature with your application to speed up your approval process.

5. How do I receive the money and how do I pay?

Your acceptance of our Master Cash Advance Agreement terms and conditions, provides pre-authorization for us to electronically transfer cash of approved amounts, by Federally regulated EFT (Electronic Funds Transfer) also known as ACH (Automated Clearing House) into your account, and to obtain payment from your account on scheduled repayment dates.

6. What is the Master Cash Advance Agreement?

It is the Agreement with all the terms and conditions of the advance so that you, as the customer, are fully aware of all fees associated with our cash advance transactions. Included within is the Electronic Funds Transfer (EFT) Agreement authorizing us to send funds to your account and authorizing your bank to send repayment of the advance plus fee in the form of EFT/ACH. It also includes the Federal Disclosure Requirements and the Delaware Licensed Lenders Regulations as required by law.

7. What if I have no credit history or a bad credit bureau file?

We do not check your credit with the major bureaus, however we do utilize TeleCheck, TeleTrack, and Scan. Which are NSF and Closed Account Check reporting services.

8. Do you require collateral?

No, we do not require any collateral.

9. Can I extend the time allowed for full repayment of the cash advance amount plus fee?

You are allowed a maximum of 4 extension of payment requests. Upon receiving your extension of payment request, we will debit an extension of payment fee on your original due date, for the continued use of advance funds This will allow your next nearest pay date to occur, where the advance amount and original advance fee will be due in full. (Refer to extension of payment form on website for details)
NOTICE: All extension of payment requests must be submitted online and must be received by 11 AM (EST) the business day prior to your scheduled full repayment due date to be changed and processed. We cannot accept extension requests by email.

10. Are your online payday advances secure?

YES. Our payday advance services are secure. We are secured by GeoTrust to ensure the safety of all your confidential information.

11. Can I request more than one advance at a time?

One advance at a time is allowed. Upon receiving bank confirmation report that your previous advance payment has cleared (normally 3 to 5 business days) you may request another advance.

Notice: having made application for check advances, pay day loans, short term loans, payday cash advances, paycheck advances, payday cash advances with more than one other provider may cause your application to be declined.

Notice: A short term advance provides the cash needed to meet an immediate short-term cash flow problem. It is not a solution for longer term financial problems for which longer term financing may be more appropriate. You may want to discuss your financial situation with a nonprofit counseling service in your community. You will be charged additional fees if you renew or extend the advance.

Cash Advance - Up to $1500 in Less than an Hour!