Frequently Asked Questions
What are the payment options?
Is it really fax free approval?
How does this work?
When will I get my money?
When will I know if I am approved or denied?
How much is the finance charge?
When do I have to pay this back?
Do I have to pay the loan back in full?
What if I change my mind and no longer want the money?
How many times can I refinance?
Do I have to pay down?
I only get paid once a month. Can I still get a loan?
Can I get another loan after paying off my current one?
What if I have no credit history or a bad credit?
Can I use a savings account?
WHAT ARE THE PAYMENT OPTIONS? top
OPTION 1: AUTOMATIC RENEWAL
Your minimum payment on your first FOUR due dates is your finance fee. This payment is AUTOMATICALLY debited
on your due date unless you request to pay more than this amount. Beginning on your FIFTH due date, you will
be required to pay a minimum of $50.00 toward your principal balance ($100.00 on loans greater than $500.00)
on every due date until your loan is paid in full. Finance fees paid will not be applied to your principal
balance. *IMPORTANT: A NEW FINANCE FEE WILL BE ASSESSED (based on your remaining principal balance) WHEN YOU
SELECT THIS PAYMENT OPTION*
| Example |
(Your Current Balance) |
(Your Payment) |
(Your Balance After Payment Is
Made) |
PRINCIPAL BAL |
+ |
FINANCE
FEE |
= |
TOTAL
DUE |
- |
PRINCIPAL
PAID |
- |
FINANCE
FEE
PAID |
= |
REMAINING
PRINCIPAL BAL |
+ |
NEW
FINANCE
FEE |
= |
REMAINING
BALANCE |
$ 100.00 |
+ |
$ 30.00 |
= |
$ 130.00 |
- |
$ - |
- |
$ 30.00 |
= |
$ 100.00 |
+ |
$ 30.00 |
= |
$ 130.00 |
$ 200.00 |
+ |
$ 60.00 |
= |
$ 260.00 |
- |
$ - |
- |
$ 60.00 |
= |
$ 200.00 |
+ |
$ 60.00 |
= |
$ 260.00 |
$ 300.00 |
+ |
$ 90.00 |
= |
$ 390.00 |
- |
$ - |
- |
$ 90.00 |
= |
$ 300.00 |
+ |
$ 90.00 |
= |
$ 390.00 |
$ 400.00 |
+ |
$ 120.00 |
= |
$ 520.00 |
- |
$ - |
- |
$ 120.00 |
= |
$ 400.00 |
+ |
$ 120.00 |
= |
$ 520.00 |
$ 500.00 |
+ |
$ 150.00 |
= |
$650.00 |
- |
$ - |
- |
$ 150.00 |
= |
$ 500.00 |
+ |
$ 150.00 |
= |
$ 650.00 |
OPTION 2: PAYDOWN (PARTIAL PAYMENT TOWARD YOUR PRINCIPAL BALANCE)
THIS PAYMENT SELECTION MUST BE MADE AT LEAST 3 FULL BUSINESS DAYS BEFORE YOUR DUE DATE. You
can make a payment toward the principal balance of your loan on ANY of your due dates. You can pay any amount
in $50.00 increments ($50.00, $100.00, $150.00, etc.) toward your principal balance. Whichever amount you
choose to pay will be IN ADDITION to your finance charge. This selection can be made by either calling our
automated system at (866) 246-0403, logging in to your account at this website, or by faxing
your Account Summary to us with your selection marked. Finance fees paid will not be applied to your
principal balance. *IMPORTANT: A NEW FINANCE FEE WILL BE ASSESSED (based on your remaining principal balance)
WHEN YOU SELECT THIS PAYMENT OPTION*
| Example |
(Your Current Balance) |
(Your Payment) |
(Your Balance After Payment Is
Made) |
PRINCIPAL BAL |
+ |
FINANCE
FEE |
= |
TOTAL
DUE |
- |
PRINCIPAL
PAID |
- |
FINANCE
FEE
PAID |
= |
REMAINING
PRINCIPAL BAL |
+ |
NEW
FINANCE
FEE |
= |
REMAINING
BALANCE |
$ 100.00 |
+ |
$ 30.00 |
= |
$ 130.00 |
- |
$ 50.00
| - |
$ 30.00 |
= |
$ 50.00 |
+ |
$ 15.00 |
= |
$ 65.00 |
$ 200.00 |
+ |
$ 60.00 |
= |
$ 260.00 |
- |
$ 50.00
| - |
$ 60.00 |
= |
$ 150.00 |
+ |
$ 45.00 |
= |
$ 195.00 |
$ 300.00 |
+ |
$ 90.00 |
= |
$ 390.00 |
- |
$ 50.00
| - |
$ 90.00 |
= |
$ 250.00 |
+ |
$ 75.00 |
= |
$ 325.00 |
$ 400.00 |
+ |
$ 120.00 |
= |
$ 520.00 |
- |
$ 50.00
| - |
$ 120.00 |
= |
$ 350.00 |
+ |
$ 105.00 |
= |
$ 455.00 |
$ 500.00 |
+ |
$ 150.00 |
= |
$650.00 |
- |
$ 50.00
| - |
$ 150.00 |
= |
$ 450.00 |
+ |
$ 135.00 |
= |
$ 585.00 |
OPTION 3: PAY YOUR LOAN OFF
THIS PAYMENT SELECTION MUST BE MADE AT LEAST THREE FULL BUSINESS DAYS BEFORE YOUR DUE DATE.
You may pay your loan off on any due date. Your payoff amount will consist of your principal balance and
finance charge. This selection can be made by either calling our automated system at
(866) 246-0403, logging in to your account at this website, or by faxing your Account
Summary to us with your selection marked.
| Example |
(Your Current Balance) |
(Your Payment) |
(Your Balance After Payment Is
Made) |
PRINCIPAL BAL |
+ |
FINANCE
FEE |
= |
TOTAL
DUE |
- |
PRINCIPAL
PAID |
- |
FINANCE
FEE
PAID |
= |
REMAINING
PRINCIPAL BAL |
+ |
NEW
FINANCE
FEE |
= |
REMAINING
BALANCE |
$ 100.00 |
+ |
$ 30.00 |
= |
$ 130.00 |
- |
$ 100.00 |
- |
$ 30.00 |
= |
$ - |
+ |
$ - |
= |
$ - |
$ 200.00 |
+ |
$ 60.00 |
= |
$ 260.00 |
- |
$ 200.00 |
- |
$ 60.00 |
= |
$ - |
+ |
$ - |
= |
$ - |
$ 300.00 |
+ |
$ 90.00 |
= |
$ 390.00 |
- |
$ 300.00 |
- |
$ 90.00 |
= |
$ - |
+ |
$ - |
= |
$ - |
$ 400.00 |
+ |
$ 120.00 |
= |
$ 520.00 |
- |
$ 400.00 |
- |
$ 120.00 |
= |
$ - |
+ |
$ - |
= |
$ - |
$ 500.00 |
+ |
$ 150.00 |
= |
$650.00 |
- |
$ 500.00 |
- |
$ 150.00 |
= |
$ - |
+ |
$ - |
= |
$ - |
 IS IT REALLY FAX FREE APPROVAL? top
YES. "No faxing required" means just that.
*Subject to verification of the information on your application, some restrictions may apply.
HOW DOES THIS WORK? top
Just fill out the online application for instant pre- approval. If approved, your loan proceeds will be deposited directly into your personal checking account by ACH. When your loan payment is due, we will automatically debit ONLY the finance charge from your checking account unless you want to pay the loan in full or other payment arrangements are made for a partial payment of your principal. Additional fees will apply if you choose the option to extend your loan. This option may be used up to four times before you will be required to make a payment on your principal. This will happen automatically unless you contact us for other arrangements.
 WHEN WILL I GET MY MONEY? top
Once you have applied online, a loan agent will attempt to contact you to verify your banking information and explain the terms to you. Once you have spoke with your loan agent, your loan amount will be deposited into your personal checking account the next business day (if approved by 6PM EST) by ACH. If you are denied, you will receive an e-mail notification. You can also call our fully automated system two hours after you complete your application to check your status.
WHEN WILL I KNOW IF I AM APPROVED OR DENIED? top
The approval/denial process usually happens the same day you submit your application. If approved, you will have your money deposited into your account overnight. If you are denied, you will receive an e-mail. You can also call our automated system to check the status of your account.
HOW MUCH IS THE FINANCE CHARGE? top
The Annual Percentage Rate (APR) on a typical 14 day loan is 782.14%, which is $30.00 per every $100.00 borrowed. Additional fees will apply if your loan is refinanced.
WHEN DO I HAVE TO PAY THIS BACK? top
In most cases, you will have to pay ONLY the finance charge on your next payday. If your payday comes sooner than 4 days, it will be the following payday. A normal loan duration is no less than 4, and no more than 17 days. You may also choose the option to pay off your loan in full or partially. If you choose one of those options, you must notify us at least three business days prior to the due date on your loan.
 DO I HAVE TO PAY THE LOAN BACK IN FULL? top
No. You have the option of refinancing your loan. This will be done automatically for you if you do not call three business days prior to your due date and notify us---you may also log in to your account at this website. If you choose the automatic refinance option, and the finance fees are not available at the time we debit your account, you will be responsible for full payment of the principal and interest immediately.
THERE IS ALWAYS A NEW FINANCE FEE APPLIED TO
YOUR LOAN EVERYTIME YOUR LOAN IS RENEWED.
 WHAT IF I CHANGE MY MIND AND NO LONGER WANT THE MONEY? top
In that case, you need to fill out and sign the cancellation section on the Application Supplement page within 24 hours and fax it to us. If the money has already been sent to your account within the 24 hours, we will debit your checking account for the principle amount.
HOW MANY TIMES CAN I REFINANCE? top
You can refinance the full amount up to 4 times. This option will be done automatically for you on your next four paydays unless we hear from you 3 business days prior to your due date. Additional fees will apply if you choose this refinance option. You must start paying down at least $50.00 ($100 on balances over $500) on your loan principal every time you refinance after your fourth refinance until your loan is paid off.
 DO I HAVE TO PAY DOWN? top
You do not have to pay down right away, only after refinancing the full amount 4 times you must start paying down. If you choose to start paying down right away, you must notify us a minimum of three business days prior to your due date.
I ONLY GET PAID ONCE A MONTH, CAN I STILL GET A LOAN? top
Yes, your loan (in most cases) will be due on your next payday.
CAN I GET ANOTHER LOAN AFTER PAYING OFF MY CURRENT ONE? top
Yes. You can apply for another loan 3 business days after paying off your current loan in full. This information is based on typical circumstances and are subject to change. If you have any further questions, or are unsure about anything, please fill out our support form on the "Contact Us" page.
WHAT IF I HAVE NO CREDIT HISTORY
OR BAD CREDIT? top
We do not check your credit with the major bureaus, however we do utilize CL Verify. This is a payday loan only reporting service.
CAN I USE A SAVINGS ACCOUNT? top
Yes! We accept regular checking accounts and savings accounts that allow ACH credits and debits. |
