How long does it take to get approved?
Customers typically receive payday loan approval within a few hours of
applying, and receive the cash advance loan amount via electronic
transfer overnight!
Will my credit or bankruptcy hurt me?
MR Payday Cash lenders do not perform credit checks on our payday loans
What about collateral
Your job and your paycheck are the only collateral you need.
Do I need direct deposit?
Yes. We can only process your payday loan if your paycheck is direct deposited.
Is there an application fee?
No, you will never be charged an application fee. Be extremely careful
with lenders that try to charge an application fee for your paycheck
advance loan.
Are loans available in every state?
At this time we are able to lend to clients in all 50 states with the exception of Missouri, Kansas and Georgia.
How often can I get a payday loan?
MR Payday Cash is here to help anytime you need extra cash between
paychecks. We encourage all our clients to keep in mind that a paycheck
cash advance loan is a only short-term answer to an urgent cash need,
and to use these loans responsibly. Paycheck cash advance loans should
not be used repeatedly to deal with continuing budgeting issues. If you
need additional help with credit, budgeting or debt management, please
call the National Foundation for Credit Counseling at 1-800-388-2227.
How is my loan amount determined?
State law limits the payday advances to amounts from $100 to $500. Your
actual loan amount is determined by various other factors including
take home income.
What are the fees for a payday loan?
Fees are $30 for every $100 borrowed.
When is the loan amount due?
Paycheck cash advance loans are usually due when you receive your next
paycheck via direct deposit. The standard time for loan repayment is
usually no less than seven days and no longer than eighteen days. You
may also pay back your loan early without prepayment penalties.
What if I can’t repay the payday loan in full on my due date?
We have different payment options available for our customers:
1. Paying the loan in full on the maturity date listed on your loan agreement*.
2. Paying the finance fee and a portion of the principle on or before the maturity date*.
3. Paying only the finance fee on the maturity date*.
* Some additional terms and conditions may apply.
Please ask your loan consultant about all of the repayment options |
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