Answering Your Questions about a Payday Advance
A payday advance can be helpful to an individual in a financial crisis. Many people do not understand exactly what a payday advance is or how it works. Here are some questions and answers that can educate you on a payday advance.
Q: How much money can I get until my next payday?
A: A payday advance can provide you with as little as $100 and as much as $1000. The amount of money you are approved for depends on your monthly income, links of time at your current job, and if you have a current payday advance loan.
Q: How long does it take to get the cash I need?
A: Approvals for the loan will typically take 30 minutes or less since no faxing or credit history is required but we may use other resources that many lenders use to help determine that you meet our qualifications. The money should show up in your account the next day and be immediately accessible. These are the typical procedures for a payday advance Monday through Friday.
Q: What requirements do I have to meet for approval?
A: You must be at least 18 years of age with a valid drivers license or state identification card. You must have a savings or checking account that is in good standing. You must have full-time employment in some companies will require at least six months at the same company. Companies can vary on your minimum salary per month but they usually range from $1000- $1200.
Q: How do I repay the loan and get the money from the loan?
A: Once a payday advance has been approved you will be sent terms and conditions to sign. The terms and conditions will provide you with the information in and authorize electronic transfers and cash approved amounts. This agreement will tell you when your money will be transferred out of your account for repayment of the loan and an estimated time when your money should be in your account.
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