What is a Payday Loan – is it like a personal loan from a bank?

It’s similar in many ways, but faster and more convenient! It’s a relatively small cash loan, up to $1500, that you can spend on anything you need – a medical bill, a repair, or just making ends meet. Banks tend to impose more requirements and restrictions on borrowers than payday loan companies do, and they don’t work as quickly either.

Sounds great – what do I need to do to get a payday loan, then?

The entire process is conducted online, which is what makes it the pinnacle of convenience. You can apply from home, from your office, from anywhere you have an internet connection – including the one on your phone! Just click the website link and fill in the quick, easy-as-1-2-3 application form. There’s nothing to upload, print, fax, or mail – you can provide all the info using your keyboard.

Wait, I can apply on my phone? For real?

That’s correct! Using this one piece of technology that most of us carry with us everywhere we go, you can apply for a payday loan, receive approval, read the term agreement document, and apply the electronic signature needed to accept the loan. Whether you’re in the waiting room at the auto mechanic or urgent care, at the dog park, or lounging at home, the extra cash you need is only a keystroke away.

What if I have really bad credit? Can I still apply?

You can apply, and you have just as much of a chance of approval as someone with great credit – because most payday loan lenders don’t run a traditional credit report. Millions of Americans are currently living with damaged credit scores due to the large-scale economic events of the past decade, and have difficulty being approved for most types of credit and loans. Payday loans can be the exception – and even better, the lenders report timely payments to the credit bureaus, so over time borrowers can see their credit scores improve!

Is it really safe to apply for a payday loan online? What about hackers?

It’s natural to be concerned with security when it comes to our personal information, especially with the frequent reports that data has been leaked from large internet databases. Nevertheless, most of us have a degree of trust in at least certain online systems. Most of us make purchases online, check our bank balance, and even pay some or all of our bills through our computer or phone. Payday loan lenders use the same type of encryption security that banks and other financial institutions do, protecting the data itself so that even if it’s accessed by an outsider the information itself remains safe because it’s coded in such a way that only the intended recipient has the “key” to unlock the meaning. Your personal data remains secure!