Frequently Asked Questions
- What exactly is a payday loan?
- What are the requirements for a loan?
- How do I get a payday loan?
- How long do I have to pay back the loan?
- How do I receive my cash?
- How quickly can I get my money?
- What hours is your service available?
- How do bank holidays affect my loan?
- How much money can I have advanced to me?
- What are the loan fees for a payday cash loan?
- What if I do not get approved by the lender you connected me with?
- What if my application is not connected with a lender?
- What if I only have a savings account?
- What if I have a fixed income or benefits?
- What if I do not have a driver’s license or state ID?
- Does your company do credit checks?
- Do I need to fax any information?
- I am ready to get a payday loan / cash advance! Where do I go to apply?
- I still have questions. How can I contact a representative?
What exactly is a payday loan?
A payday loan is a small unsecured loan, usually for $100 to $1,500, which is designed
to meet your financial needs until your next payday. Essentially, you are making out a
check for the advanced loan amount, plus a fee, to be held until your next payday.
Payday loans are also known as cash advance, short term loans, payday advances, cash
loans, fast cash, fast loans, bad credit loans, deferred deposit, and a number of other
things. No matter what you call them, payday loans can get you through your financial
crisis.
NationalCashCredit.com is here to help you find a payday loan lender. We present your
completed quick and easy application to our vast network of lenders in order to find a lender that is
most likely to approve your loan. By searching for a payday loan through
NationalCashCredit.com, you can be sure that your application has been reviewed by the
leaders in the payday loan industry.
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What are the requirements for a loan?
The minimum requirements for a payday loan are:
- You must be at least 18 years of age
- Have a job (or other regular source of income)
- You must have an active open bank account
To be approved for a loan, you need to meet the requirements of the specific lender with
whom you are connected. The lender will evaluate your application and determine
whether you are eligible based on its own set of approval criteria. Factors such as
income, direct deposit of your pay, past payday loan history and state of residence, may
affect the approval of your loan.
If your application is accepted by a lender, your assigned lender may contact you
directly and ask for additional information in order to approve the application. Payday
lenders utilize proprietary criteria to evaluate applicants and will approve your loan when
your application connectes their criteria
In order to increase your chances of getting connected with a lender and ultimately
approved for a loan, please be sure to fill out our quick and easy application with honest verifiable
information. For example, entering a cell phone number instead of a home phone makes
it more difficult to verify your information and many lenders will not accept applications
that cannot be verified. We do our best to find a lender for you, but unfortunately there's
no guarantee that your loan application will be accepted.
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How do I get a payday loan?
Simply complete the quick and easy online application and submit it from our web site and we will
attempt to connect you to a lender online within seconds.
If you are connected with a lender, you may be a required to electronically sign and agree
to the terms of the loan. However, there is no obligation to accept the loan. If you are
not satisfied with the terms of the loan, simply do not sign it, and apply again to find a
different lender.
Typically the proceeds of your loan will be electronically deposited into your bank
account by the lender the next business day. You will typically have the ability to choose
the payment option that works best for you. All payments are processed by your lender
by electronic transfer from your bank account.
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How long do I have to pay back the loan?
Your loan is normally due on your next pay date. However, most lenders will allow you to
extend your loan simply by paying a fee.
Once connected with a lender, you will be directed to your lenders loan documents. Here
you will find specific instructions as to what happens when your loan is due. You typically
have the following options:
- Do nothing and your loan will auto-finance
- Pay off the loan in full
- Renew the loan and pay interest and fees only
- Renew the loan and pay interest and part of the principal
Please contact your lender directly if you have repayment questions.
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How do I receive my cash?
The payday loan / cash advance is wired directly into your bank account by your lender.
Payday Loan Tree works with a network of lenders, some of which can have money in
your bank account in as little as 1 hour!
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How quickly can I get my money?
Payday lenders typically process the loan immediately so that it will be available in your
account the following business day after the loan is approved. Some lenders can wire the
money to your bank account immediately. If you apply on a weekend or holiday, the
money will be sent to you by your lender the next business day.
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What hours is your service available?
We accept applications 24 hours a day, every day of the year.
However, once your application is provided to a lender, sometimes its procedures require
additional verification which can only be done during normal business hours. Please keep
in mind that the lenders can only electronically deposit money to your bank account on
days when your bank is open.
You can submit your loan application to us at any time 24 hours a day 7 days a week.
However, since we only connect you with lenders who are available to help you in real
time you may be more likely to find a lender during normal business hours (Mon-Fri 8
am � 5 pm EST) since not all lenders operate on weekends and holidays.
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How do bank holidays affect my loan?
The following bank holidays are observed by Federal Banks and their branches:
- New Years Day
- Martin Luther King, Jr. Day
- Presidents Day
- Memorial Day
- Independence Day
- Labor Day
- Columbus Day
- Veterans Day
- Thanksgiving Day
- Christmas Day
For holidays that fall on Saturday, Federal Reserve Banks and branches are open the
preceding Friday. For holidays that fall on Sunday, Federal Reserve Banks and branches
are closed the following Monday.
If your loan is approved on a weekend or bank holiday, typically your funds will be sent
the next business day. You should contact the lender directly to confirm when the money
will be deposited and the ACH department of your bank to verify that the funds have
been credited to your account.
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How much money can I have advanced to me?
NationalCashCredit.com will help you get up to $1,500, based upon the information that
you provide to us on our quick and easy loan application. Your lender may offer you a smaller loan until
you establish a payment history with them.
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>What are the loan fees for a payday cash loan?
NationalCashCredit.com works with a network of lenders whose payday cash advance fees are
among the lowest in the payday loan industry. The fees will vary depending on which
lender you are connected with.
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What if I do not get approved by the lender you connected me with?
NationalCashCredit.com works with a vast network of payday loan lenders; however, we
cannot guarantee that you will receive the loan you need. We do our best to connect your
application with a lender likely to provide you with a loan. However, payday lenders
utilize proprietary criteria to evaluate applicants and may not approve all accepted
applicants.
NationalCashCredit.com is not involved in the loan approval process and therefore we do
not have knowledge of the status of your loan. Please contact your lender directly for
loan approval status.
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What if my application is not connected with a lender?
NationalCashCredit.com works with a vast network of payday loan lenders; however, we
cannot guarantee that we can find a lender for you. If you are not connected with a
lender, here are a few suggestions to improve your chances if you chose to re-apply:
- Time of Day: Many lenders do not accept applications outside of normal business hours. You may want to re-apply during regular business hours � Monday through Friday 8 AM to 5 PM EST.
- Direct Deposit: Many lenders favor customers whose paycheck is directly deposited into their bank account by their employers. If you do not have direct deposit, please ask your employer to enroll you in their direct deposit program and then come back and re-apply.
- Outstanding Payday Loans: Many lenders will not issue payday loans if you have too many current loans outstanding. Once you have paid off your other loans, come back and re-apply.
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What if I only have a savings account?
We have several lenders in our network that can lend you money even if you only have a
savings account. Please contact your bank to get the routing number. This is needed in
order to electronically transfer the loan funds to your account.
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What if I have a fixed income or benefits?
As long as you have a steady stream of income, our lenders may be able to provide a
loan to you. Enter your benefit provider as your Employer. If you do not have the
telephone number of your benefit provider, enter your own telephone number. Enter the
number of months you have been receiving benefits for the Months Employed.
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What if I do not have a driver�s license or state ID?
If you do not have a drivers license or a state ID, please enter your passport number or social security number without dashes.
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Does your company do credit checks?
NationalCashCredit.com is not a lender and we do not perform any type of credit check. We try to connect your application to lenders in our network in order to find the right loan for you. Most of our lenders do not do traditional credit checks, however, they may query various consumer databases, such as CL Verify, TeleTrack or DataX in order to verify your identity and review your past payday loan history.
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Do I need to fax any information?
No, our quick and easy application process does not require faxed documents. However, your lender may ask you to fax over certain information, such as a paystub, if they are unable to verify information in your application.
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What happens if I�m late with my payment or don�t pay at all?
Additional fees will more than likely occur in the event of a late or partial payment. Failure to pay will result in legal action, as well as reporting of the non-payment to a consumer reporting agency.
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How much will the loan cost?
The cost of the loan and the APR depends on your application. The terms are disclosed in the application process when you are directed to the lender�s website. At this point you have NOT accepted the loan. If, when the terms are disclosed, they are not acceptable to you, do not sign the application.
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What is your renewal policy?
Renewal policies are determined by the lender, not by us, so they will vary. But, be aware some lenders may not debit your account for the full amount of the loan, which may result in additional fees and a renewed loan. Make sure you read the renewal policy carefully and make your wishes clear to the lender.
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I am ready to get a payday loan / cash advance! Where do I go to apply?
Great! You can go to our quick and easy online loan application and sign up today! Click Here to Apply Now!
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I still have questions. How can I contact a representative?
Click Here to Ask a Question
If all your questions have been answered, then what are you waiting for? Apply Now and put us to work getting you quick cash with a No Fax payday loan or cash advance.
