Frequently Asked Questions



What exactly are payday loans?

Payday loans are small unsecured loans, most often for $100 to $1000. This loan window is designed meet financial needs until applicant's next payday. Basically, you are simply making out a check for an advanced loan amount and a fee and then it's held until your next payday. Other names for Payday loans are cash advance, emergency cash, short term loans, quick payday loan, payday advances, cash loans, urgent loan, 24 hour payday advance, fast loan, fast cash, urgent payday cash, no credit loans, deferred deposit, bad credit loan, 24 hour loan, same day loan, one day loan, no fax necessary payday loans, instant and quick online loans, bad credit or no credit check payday loan, to name a few. No matter what they are called, payday loans may help get you through and around your financial crisis.

How can I qualify for cash loans?

Most lenders will qualify you for a loan if you:

  • Have a paying job or have regular income
  • Are a United States resident
  • Are 18 years old, at the very least
  • Have an active bank account
  • Have a valid social security number

You can still apply for a loan even when you have poor credit, no credit, or any credit.

How does someone get a payday loan?

First, you have to complete the online application. Then submit it through our web site. At that point, we will try to connect you to the lenders, that match you best, online within seconds. If and when you are matched or paired with a lender, you might be required to e-sign (electronically sign), assent and agree offered terms of the loan. Remember, there is absolutely no obligation for you to accept the loan. If you are not completely satisfied with any terms of the loan, do not sign it! Just re-apply to find a lender with more compatible terms. Most often, proceeds of a loan are electronically deposited into the bank account you provided within one business day. You will most often have the ability to select payment options that work the best for you. Payments are processed by the lender you made the agreement with by electronic transfer from the bank account you provided.

How long do applicants have to in order to pay back loans?

The loan is usually due in full on your very next scheduled pay date. But don't worry, some lenders will allow for you to extend the loan by paying additional fees. When matched to a lender, you'll be directed to the lender's specific loan document. There and then you will find the specific instructions on what takes place when your loan comes due. Typically you have the following options:

  • Don't do a thing and the loan can automatically finance
  • Pay the loan off in full
  • You may Renew the loan if you can pay interest and fees only
  • Renew the loan, pay just a part of principal balance, and interest

However, directly contact the lender if and when you have any repayment questions

How and when do I receive my approved cash loan?

Payday loans or cash advances are usually wired into the bank account you provided, by the lender who approved your application. Our team works with a network of specific lenders who can sometimes have money in the bank account you provided in as short of a time as 1 business day!

How quickly will I get my loan money?

Lenders usually process, and if applicable, approve the loan immediately, therefore, the loan can be available in the account you provided in as little as one business day after approval. In some cases, the lenders will wire the money to the bank account you provided immediately. However, if you apply on a holiday, weekend or other non-business day, money will likely be sent the next available business day.

What exact hours are your service available to me?

Since we're an online solution, we accept applications from you 24 hours per day every day of each year. Please understand, that once your application is made available to a lender, that lender's procedures may require additional forms of verification that can likely only be done during their normal business hours. So be mindful that lenders can only deposit money electronically to your the account you provided on the days your bank is open. While you can submit applications to us 24 hours per day and since we will match you to lenders that are available to review your application you in real time, you'll be more likely to secure a lender in normal business hours (Mon-Fri 8 am to 5 pm EST). This is because not all lenders are open and operate on holidays, after business hours and weekends.

What affect will Federal bank holidays have on my loan?

These bank holidays, however conclusive or inconclusive, are observed by U.S. Federal Banks and affiliated branches:New Years Day, Veterans Day, Martin Luther King, Jr. Day, Memorial Day, Independence Day, Labor Day, Columbus Day,Thanksgiving Day,Presidents Day, Christmas Day.For the holidays which fall on Saturdays, Federal Reserve Banks and their affiliated branches are open the Friday before. For the observed holidays falling on Sundays, the Federal Reserve Banks and their affiliated branches are not open the Monday following.If and/or when your loan is approved on a bank holiday or weekend, your funds are typically sent the following business day. However, contacting the lender that approved your loan directly is the best method of discovering when your money will be deposited. Your bank's ACH department can verify funds which been credited to the account you provided.

How much money is possible to have advanced to me?

We will help you, depending on lenders terms and your information get up to $1000. However, lenders may offer you slightly smaller loans while you establish a payment history.

What fees are there for the loan?

Our team is affiliated with a select network of lenders.  We try and use lenders whose fees are the most competitive in the loan industry. However, fees vary lender by lender. We strongly recommend that you fully read lender's contracts carefully and completely for the loan fees.

What happens if I don't get approval by a lender that you matched to me?

Our team works with a vast network of lenders. Nonetheless, we can't promise that you'll get the loan that you need. However, we do our very best to pair your application with a compatible lender that will most likely provide you with the loan you're seeking. Lenders use proprietary criteria to evaluate each applicant's information and might not approve all reviewed applicants.

Our team is not in any way involved in the approval procedure. We do not have any inside information on status of your application or loan. Please directly contact the lender you attempted to entered a loan agreement with for any and all loan status questions.

If denied for a loan, when should I reapply?

As mentioned before, our team works with a huge network of lenders. In spite of that, we can't promise that you'll find lenders that will accept your application. If you find this is the case, here are a couple pointers to increase the chances to be approved through another application process:

  • Be careful of the time of day you apply: Some lenders don't accept applications if it's not during their regular business hours. So try re-apply in regular business times which are usually Monday to Friday, 8:00 a.m. to 5:00 p.m. EST.
  • Start getting a Direct Deposit paycheck through your employer: Lenders usually favor applicants who have their paychecks directly deposited in a bank account directly from their employers accounts. If you are not currently taking advantage of this feature by your employer, ask your employer for the information to sign you up in the direct deposit program. THEN...... Come back to re-apply!!
  • If you have outstanding or delinquent Payday Loans: Lenders won't issue loans if you have a multiple loans outstanding. Pay off your other loans, THEN.....come back to re-apply!!!

What if I only have a savings account?

We have several lenders in our network that can lend you money even if you only have a savings account. Please contact your bank to get the routing number. This is needed in order to electronically transfer the loan funds to your account.

What if my income or benefits are fixed?

WHEN IT ASKS FOR EMPLOYER, ENTER YOUR BENEFIT PROVIDER. If you have steady income then lenders might provide you with a loan. If you don't have a phone number to the benefit provider, put your primary phone number. WHEN THE APPLICATION ASKS FOR NUMBER OF MONTHS YOU HAVE BEEN EMPLOYED, simply put how long you've received the benefits.

What if I don't have a state issued I.D. or state issued driver's license?

If this is the case...No problem! Just enter your Passport or Social Security number.

Does findpaydaylenders.com do credit checks?

No, findpaydaylenders.com isn't a lender so we do not perform credit checks. However, we do try to match the application you submit to lenders in our affiliated network in order to best find a most favorable loan for your needs. Moreover, our lenders don't conduct traditional credit checks. They might query certain databases, including but not limited to DataX, CL Verify, or TeleTrack simply to review any past payday type loan history and to make sure you are who you say you are.

I don't have a FAX machine! What do I do?

You don't need a fax machine to apply. The application process does not require faxed documents. However, the lender that approves your loan might ask you to fax certain verifying information like a paystub or something similar, if they're not able to verify the information in your submitted application

I'm now ready to apply for my payday loan! Where do I apply?

Great!!! Just go online and sign up today!

Click Here to Apply Now!

What if I have more questions? How can I contact a representative?

Go to Contact Us.