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FAQ

What do I need to prequalify for a loan?

To be eligible for a loan you must meet some basic requirements:

  • You must be at least 18 years or older.
  • You must also have a valid checking or savings account, a working telephone, and a steady income of at least $1000 per month.
  • You must also be a US resident and not on active-duty in any branch of the military.
  • Other requirements may apply, depending on your state and your lender.

For more on the specific requirements on your loan or your loan application, please contact your lender directly. PaydayAdvance.org is a lender matching service, NOT a lender. For questions about exact requirements for your loan, you must contact your lender.

What if my credit is bad?

You may still qualify for a quickloan even if you have poor credit, no credit, bounced checks or even bankruptcy.

What happens after I apply?

After you submit your application, you are instantly matched with a lender for the best match. If a lender is available for you, you will be instantly redirected to the lender’s website to finalize your loan. Most of the time you can complete the entire application process online. Please review the terms, conditions, rates and fees for your loan thoroughly before accepting any loan offer. You have no obligation to work with any lender or to accept any loan offer.

What are the fees?

There is no fee for using our lender matching service.

Loan rates and loan fees will depend on your lender, the state in which you live, your application, and how much you borrow. We do our best to match you with lenders who offer the most competitive fees in the industry. Still, always make sure you understand your loan’s terms and conditions before you agree to them. You are not required to work with any lender or to accept any loan. Please borrow responsibly and always review the details of your loan carefully before accepting any loan.

How long will it take to receive my loan?

If there are no delays processing your application, you have your funds in about one hour. Please note the actual time will vary from lender to lender, from state to state and depending on your application.

What if I cannot pay my loan back?

If you find you are unable to pay back your loan, you should contact your lender immediately. Some lenders may allow you to extend your loan’s due date but this will ultimately depend on your state’s laws regarding loan extensions. Make sure you allow plenty of time to request an extension before your loan’s due date. Do not hesitate to contact your lender when you have any questions about your loan, your loan application, loan repayment or loan modification.

How do I know if I need a loan?

If you can answer “NO” to any or all of the following questions, you may need a loan:

  1. Can you delay paying a non-interest bearing bill such as a medical or utility payment?
  2. Can you borrow money from a friend or family member?
  3. Can you lower any of your regular money expenses?

If you use a loan service often, have continuing budget problems or serious financial difficulties, you may need to seek help from knowledgeable professionals. Try contacting a reputable debt management program such as the National Foundation for Credit Counseling at 1-800-388-2227.