If you are looking at meeting your immediate financial needs until your next payday; thats what is called a payday loan. A payday loan is a small unsecured loan which is usually granted for any amount starting $100 to $1,500. You are required to make a check out for the advanced loan amount, plus a fee, to be held until your next payday.
The payday loan concept works until your next pay date and is due on your next pay date. However, if you would require an extension then most lenders will allow you to extend your loan by paying a fee.
Different lenders have a different loan fee structure. Once you are matched with the lender; the fee will be communicated to you.
you can qualify for a payday loan as some lenders take savings account into consideration too and would need the routing number for the transfer.
What lenders consider is a steady source of income; doesnt matter if you are on a fixed benefit. 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
The payday loan is directly transferred to your bank account. If the amount is wired ; then its a process thats just a matter of couple of hours.
Based on the information that you provide at the time of filling up the application, you can get a maximum of $1500.
Usually a business day; however if wired then you could receive cash immediately.
The requirements and eligibility parameters are easy:
• You must be at least 18 years of age • A regular source of income • Must have an active open bank account
You would 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.
The process is as simple as filling an application form on our website and we will get you connected to a lender that suits your requirements.Once you decide on a specific lender, you would be required to electronically sign the terms and conditions and the cash will be directly credited to your bank account.
You are most welcome to reapply and we shall try to connect you to another lender.
Here are a few suggestions to improve your chances if you chose to re-apply:
a. Outstanding Payday Loans: If you have multiple outstanding payday loans, you might want to clear them first to better your chances for a new one. b. Direct Deposit: Lenders prefer customers whose paycheck is directly deposited into their bank account by their employers. If you do not have direct deposit, you might want to set up one with your employer c. Apply during business hours: Monday through Friday 8 AM to 5 PM EST.
Yes, either your passport number or social security number will do.
Payday cashtree does not carry out credit checks. 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.
If you fill in the information on the form completely ; you are not required to fax any document; else the lender might as you to fax across the payment stub to verify income.
If you think that you would require some more information regarding the payday loan option, feel free to get in touch with us: contact us .