How It Works
What is a cash advance or payday loan?
A quick and simple way
to obtain cash needed between paydays.
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How much can I get advanced until
my next payday, and how much does it cost?
Your first time advance can be up to $2000!!! In
determining the approved amount of your first cash advance, we
take into consideration your monthly net income (we cannot advance
more than you can afford to repay), length of employment at current
employer, and if you currently have any payday advances (paycheck
advances, pay day loans, short term loans, payday cash advances,
etc) with another provider.
Upon approval, you will be contacted by phone to
confirm the amount of your first cash advance and repayment date.
FEE: $20 or $25 per $100 advanced.
Example |
Amount Advanced |
Repayment Amount |
$200 |
$240 or $250 |
$300 |
$360 or $375 |
$400 |
$480 or $500 |
$500 |
$600 or $625 |
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How long does it take to
get the cash advance?
Upon approval, we transfer your cash advance that
same day, to arrive at your account the next business day.
All future cash advance requests that are received
Monday through Thursday by 5:00 P.M. Eastern Standard Time will
be at your account the next business day. Requests received on
Friday, will arrive at your account Monday. (Banks and credit
unions do not accept ACH transactions on weekends.) Requests received
on weekends will be processed on Monday for Tuesday arrival. All
national holidays are observed, and requests will be processed
the following business day.
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What are the requirements
for approval?
- Be employed full time (not through temp service)
for a minimum of 2 months.
- Take home a minimum of $1500 (after taxes) salary
per month.
- Have an active checking or savings account in good standing
and open for a minimum of 2 months.
- Be at least 18 years of age.
- Be able to receive phone calls at work and home.
- Fax all required verification items (first time
only) after submitting application for approval.
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How do I receive the money
and how do I pay?
Your acceptance of our Master Cash Advance Agreement
terms and conditions provides pre-authorization for us to electronically
transfer cash of approved amounts. We transfer by Federally regulated
EFT (Electronic Funds Transfer) also, known as, ACH (Automated
Clearing House) into your account, and obtain payment from your
account on scheduled repayment dates in the same manner.
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What is the Master Cash Advance
Agreement?
It is the Agreement with all the terms and conditions
of the advance. It enables you as the customer, to be fully aware
of all fees associated with our cash advance transactions. Included
within is the Electronic Funds Transfer (EFT) Agreement authorizing
us to send funds to your account and authorizing your bank to
send repayment of the advance plus fee in the form of EFT/ACH
debts. It also includes the Federal Disclosure Requirements and
the Delaware Licensed Lenders Regulations as required by law.
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What if I have no credit
history or a bad credit bureau file?
We do not check your credit with the major bureaus,
however we do utilize TeleCheck, TeleTrack, and Scan. These are
NSF and Closed Account Check reporting services.
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Do you require collateral?
No, we do not require any collateral.
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Can I extend the time allowed
for full repayment of the cash advance amount plus fee?
You are allowed a maximum of 9 extension of payment
requests. Upon receiving your extension of payment request, we
will debit an extension of payment fee on your original due date,
for the continued use of advance funds. When your next nearest
pay date occurs the advance amount and original advance fee will
be due in full. (Refer to extension of payment form on website
for details)
NOTICE: All
extension of payment requests must be submitted online and received
by 11 AM (EST) the business day prior to your scheduled full repayment
due date. We cannot accept extension requests by phone.
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Are
your online payday advances secure?
YES. Our payday advance services are secure. We
are GeoTrust Secure certified to ensure the safety
of all your confidential information.
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Can I request more than
one advance at a time?
One advance at a time is allowed. Upon receiving
bank confirmation report that your previous advance payment has
cleared (normally 3 to 5 business days) you may request another
advance.
Notice: Having made application for check advances,
pay day loans, short term loans, payday cash advances, paycheck
advances, payday cash advances with more than one other provider
may cause your application to be declined.
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