How the Payday Loan Process Works

Time is moneyThe payday loan matching procedure starts the minute you submit your registration. (apply here) If matched with a lender, you will immediately be presented with a payday loan or cash advance loan proposal according to that lender’s specific rates and terms. If you agree to those terms, the financing could possibly be offered for your usage as early as the same day.

Independent lenders have their own specific minimum prerequisites which should be fulfilled to be accepted for a short-term payday loan, and one individual lending institution might differ from another. Such minimum requirements generally include, yet may not be limited to:

  1. Having a current bank account with direct deposit
  2. Routine earnings of at least $1,000 each month
  3. Being 18 years of age or older
  4. Being a U.S. Citizen

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