Pay Day Advances Info FAQ

Pay Day Advances Info FAQ

What is a payday loan?
Payday loans or payday advances are quick and confidential ways to get cash advances until your next paycheck.

What if I have poor credit?
We have no problem with poor credit. If you have questions about your eligibility for payday loans and cash advances, contact us or complete an application for more info.

How do I receive the cash, and how do I repay the loan?

When you request a payday loan, you authorize Pay-Day-Loans to:

1. Directly deposit $100.00, $200.00, $300.00, $400.00, or $500.00 into the account of your choice.
2. Directly withdrawal $120.00, $240.00, $360.00, $480.00, or $600.00 on your next payday. Please see our APR Disclosure page for more information.

How do I know that you are going to withdraw what you say you are?
Because we’re authorized to use the Federal Reserve Wire System, we must follow all FDIC and NACHA regulations. So we can only withdraw the amount authorized as stated in your payday loan contract.

How soon will my account be ready?
Once you submit the New Customer application, it will take approximately one day for approval. After you receive approval, your payday loan can be in your account the very next day - if the loan is requested before 3:00 PM. (MST). Please note that some banks may take two days to recognize the funds.

How soon can I receive a cash advance?
If we have your request by 3:00 PM (Mountain Time), cash will reach your account the next business day, although some banks may require one extra day.

Is my loan confidential?
Absolutely every payday loan is completely confidential and protected by our Company Privacy Policy.

What if I find out later that I will not have the funds to honor the check I authorized you to withdraw?
You must immediately contact Pay-Day-Loans! If you contact us before the due date, we can make arrangements for an extension, which buy you time until your next payday. If you do not contact us before your due date, you will be charged extra fees on top of what you owe us, including a NSF fee of $20.00. By staying current with your original loan, you limit any additional charges or collection fees assessed to your account.

How does an extension work?
If you are unable to repay your payday loan on the due date you can pay a fee to extend you loan until your next payday (18 day maximum). The extension fee is $20.00 per $100.00 borrowed. Please refer to our Disclosure page for more details.

What about loans requested on the weekend or Friday?
All Payday Loan requests that are made Monday - Thursday by 3:00 PM (MST) will be in your account the next day. Friday requests will be in your account on Monday. All Weekend requests will be treated as Monday requests.

Can I request another loan when I already have one loan outstanding?
You can only have one loan outstanding with Pay-Day-Loans. We must have the full amount collected before we can issue another loan. It usually takes five to seven days to receive confirmation that your check has cleared.


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