Frequently Asked Questions about Advanced Payday Loans

Find the answers to the most commonly asked questions about advanced payday loans.

What is an advanced payday loan?

An advanced payday loan is a short-term loan against your paycheck. Once you qualify and are approved, the loan is electronically deposited into your bank account. On the due date, usually your payday, your lender will withdraw the amount of the loan plus interest from your account automatically (varies by lender). Payday loan advances are best suited for relatively small, urgent expenses.

How can I use an advanced payday loan?

You can use your payday loan in the same ways you use your paycheck-to pay bills, buy groceries, fill up your car with gas, etc. As long as you pay back the loan as agreed, you can use the funds however you see fit. The flexibility of advanced paycheck loans are a major part of their appeal. There are many things a payday loan can do for you.

Who is eligible to borrow payday loans?

Every lender has different eligibility criteria, so you should check with your individual lender for more information. Usually, though, lenders tend to require that borrowers make at least $1,000 per month, have a valid savings or checking account, are U.S. citizens, are at least 18 years old, and have a source of steady income (varies by lender).

How can I find an advanced payday loan lender?

We make it easier to find a payday lender quickly. When you use this site, all you have to do is provide us with your contact information. In return, we will refer you to one of our payday lenders for free. You can then discuss the details of the application and approval process with your lender.

Can I get an advanced payday loan directly from this site?

No, you cannot get a loan from our site; we are simply a referral service, not a lender. We provide referrals to payday lenders, but we do not distribute loans. We have established a vast network of payday lenders that can meet your needs, and we will gladly refer you to one of them for no charge.

Aren't payday loans expensive?

Advanced payday loans do tend to have high APRs, or annual percentage rates. The high interest rates are what borrowers pay in exchange for the convenience and speed of payday loans. However, as long as the terms of payday loans are kept to a minimum, the cost of borrowing is not extraordinary. For instance, a lender might charge $15 for every $100 you borrow, which is not unreasonable for a short-term loan (varies by lender).