Frequently Asked Questions about Quick Online Payday Loans
Here are the answers to the most commonly asked questions about quick online payday loans.
How quickly can I get a payday loan?
The processing times of quick online payday loans vary by lender. Some lenders can have your loan to you by the next business day after you apply, while others might take longer. Ask your lender how long the average processing time is before you apply.
How do I sign up for offers on quick online payday loans?
You can get free offers from our payday lending partners by completing the sign-up form. You provide your contact information, and we refer you to a payday lender that specializes in expedited loans. Usually, you will be referred to the lender's website for more information. Depending on the lender, you might be able to apply for the payday loan online (varies by lender).
What can I do with my payday loan?
You can spend your quick online payday loan however you want. Some customers choose to handle financial emergencies, such as vehicle repairs or overdue bills, with payday loans, but this is just one option.
If I can't pay all of the loan on the due date, can I get more time?
This question is best for your lender, as all lenders will have different policies. Some quick online payday loans have several repayment options that allow some flexibility with the due date. For example, your lender may allow you to pay the finance charge only on the due date and then roll the payday loan over for additional repayment time (varies by lender).
How will I receive my payday loan?
Usually, the lender will deposit the funds directly into your bank account. The transfer is electronic, so there are no checks to cash (varies by lender). Once the funds appear in your account, you are free to use your quick online payday loan immediately.
How old do I have to be to get quick online payday loans?
You must be at least 18 years old to receive a payday loan. You must also be a U.S. citizen. Ask your lender for details on qualification requirements.
Do I have to have direct deposit to get a payday loan?
You should ask your individual lender about this. Usually, though, most lenders require borrowers to have a direct deposit enabled bank account before they will issue quick online payday loans.
