Frequently Asked Questions and Answers
How do I get started?
You can start the process immediately by calling toll free
(800) 979-4740
or by
CLICKING HERE NOW!
What is a PAYDAY LOAN?
A Payday Loan is a short-term loan until your next payday. When the loan is due, you may:
a) Pay the interest to extend the loan until your next payday
b) Pay the loan in full. It's always your choice
What is an Auto Title Loan?
An Auto Title Loan is a 30-day loan that is secured by your paid off vehicle. We place a lien on your vehicle and you continue to drive it. When the loan is due, you may:
a) Pay the interest to extended the loan until your next payday.
b) Pay the loan in full. It's always your choice.
What do I need to qualify for a Payday Loan?
You must have an open and active Checking or Savings Account (preferably with Direct Deposit),
be 18 years of age, have at least $1,000 per month of steady verifiable income, and have a
current permanent residence.
What do I need to qualify for an Auto Title Loan?
You must own a Paid Off Vehicle with a Clear Title, be 18 years of age,
have at least $1,000 per month, steady verifiable income, and have a current
permanent residence.
How much money can I borrow under a Paday Loan?
The loan amount is based upon your monthly income and your stability at your job and
residence. After completing your application you will be told instantly online how much you are approved for. (800) 979-4740
How much money can I borrow under an Auto Title Loan?
The loan amount is based upon the value of your vehicle and your monthly income.
Do I need a Checking or Savings Account for an Payday Loan?
Yes. You need a Checking or Savings Account, preferably with Direct Deposit.
Do I need a Checking or Savings Account for an Auto Title Loan?
No. However, you may qualify for more money if you have a checking account.
How fast can I get the money?
We can usually have your application approved and processed within an hour. We will deposit the money
directly into your checking account and the funds will be available on the next bank business day.
Do I need to have good credit to get a Payday Loan?
No
I have bad credit can I get approved for an Auto Title Loan?
We approve auto title loans for people with bad credit, slow credit and no
credit. Virtually anyone with a paid off vehicle can be approved for an Auto
Title Loan.
Do you check my credit?
We do not run a credit check with the three major bureaus, TransUnion, Equifax or Experian.
However, we do use Teletrack. Teletrack is a consumer reporting agency that specializes in the
sub-prime industry.
How much will this Payday Loan cost me?
$14 or 14% a week for every $100 borrowed. For example, if you borrow $200, the finance
charge will be $28 a week.
How much will this Auto Title Loan cost me?
Payday Cash Advance Loans works with a network of lenders whose title loan
fees are among the lowest in the auto title loan industry. The fees will
vary depending on which lender you are matched with.
Do the bills have to be in my name?
No. The bills do not have to be in your name, they just need to be from the
residence where you are currently living.
How long is the term of the Payday Loan?
The payday loan is until your next payday. When the loan comes due, you may pay only the interest to
extend the loan until your next payday, or pay the loan in full. It is always your choice.
How long is the term of the Auto Title loan?
30 days. When the loan comes due, you may pay only the interest to extend the loan until your
next payday or you may pay off the loan. It is always your choice.
If I can't pay off my payday loan when it comes due?
You may pay only the interest to extend the loan until your next payday.
It is always your choice.
Can I pay off the loan at any time?
Yes. As long as you pay the interest when the loan comes due,
you can continue to extend the loan until your next payday. It's your choice. *
Delaware law limits the number of rollovers to four
per existing loan. Following the maximum allowable number of rollovers, the borrow must repay
a minimum of 10% towards the principal per payment period.
Is there a penalty if I pay the loan off early?
No. You only pay interest for the days you have the loan out.
Do I get to keep my car under an Auto Title Loan?
Yes, you continue to drive your vehicle. We place a lien on the vehicle
until you pay off your loan.
How do I get started?
You can start the process immediately by calling toll free
(800) 979-4740 or by
CLICKING HERE NOW!