Thursday, April 30, 2009

FAQ Regarding Free No Fax Payday Loans

Is there a credit check for a free no fax payday loan?
There are no credit checks performed, however, we do verify your check writing/loan history with various national databases.

What is a no fax payday loan?

A no fax payday loan is meant to be used for emergency financial situations. Our lender strives to be the #1 source for our customers’ emergency financial needs. We encourage you to use our services the way for which they are intended, not as an ongoing source for financial funding.

When will my no fax payday loan payments be due?

Since this is a payday loan, your due date is determined by your pay date. Payments are due every 10 to 14 days, regardless of how often you are paid. Please keep in mind that your generated due date may not always be in line with your pay date if your next pay date exceeds the 14 day limit. However, if at any time you have a discrepancy with your due date we encourage you to contact us to discuss the matter.




What is a payment request form and how does it pertain to me and
my no fax payday loan?


Every customer is required to submit a payment request online.
You must agree to this before you can be approved. All requests
must be submitted 2 business days prior to your due date. A
payment request is simply an electronically submitted form which
notifies us how much you wish to pay when your due date arrives.

Can I change my due date?

In order to change your due date you will need to contact us
either by phone or email.

What is the minimum amount I can pay towards my no fax payday
loan on the date due?


The minimum amount is the fees associated with your current
principal balance. For example, if you have borrowed $300, your
amount due is $375. Assuming you submit a payment request on
time, the minimum amount you would have to pay on your due date
would be $75.

How many times can I extend my no fax payday loan advance?

You are allowed to extend your payday loan as many times as
necessary, however, keep in mind these are short term loans and
should be paid back as soon as possible.







When will my funds be deposited into my bank account?

The request to withdrawal your payment from your account will
arrive at your bank at 12 am on the same day that your payment
are due. If you do not have direct deposit, keep this in mind
when scheduling your due date. Please call us if you need to
change your due date.

Why does my contract have $0.00 for the amount?

If you submit a payment request to pay your loan in full, then
the contract will show $0.00 for the amount. This means that on
your next due date your amount due will be $0.00 because you are
paying the loan off on the current due date.

What repayment options do I have?

You have 3 payment options:
1) You may pay the minimum amount and extend the loan with a NEW
CONTRACT*2) You may pay more then the minimum amount and extend the loan
with a new contract* (Payment will initially be applied to the
fees and the remainder of the payment will be applied to the
principal!)3) You may pay the total amount due (Fees will be waived if you
are a Free Loan customer)

*A new contract means: You are entering into a new loan period,
which means you have to pay the finance charge associated with
your new principal balance at the end of the next pay period.

What if there are insufficient funds when my no fax loan payment
is due?


If your payment is returned due to insufficient funds, then
collections will contact you to arrange a second attempt to
debit the payment. An insufficient funds fee, ranging from $25
to $75, will also be collected with the next debit.

Will my references be contacted?

We will verify all references before approving your no fax
payday loan, however we will not disclose the name of our
company. So, ensure you provide them with valid phone numbers.

What happens after submitting a payment request?

The amount you select to pay will be deducted from your
currentbank account on the due date. Your account will remain in
good standing with our lender.

What if I do not make a payment request on time?

If you do not submit a payment request at least 2 business days
prior to your due date, then the entire amount due will be
debited! Further, if you are a Free Loan customer, you will
forfeit your right to having the fees waived.

Will I need access to a fax machine and printer in order to
complete the loan application process?


We do suggest that you print a copy of the Check Advance
Agreement for your records, however, there is usualy no faxing
needed in order to get approved!

If I pay my no fax payday loan in full, how long must I wait
until I can apply for another?


If you have paid off your payday loan, please note that there is
a waiting period of 5-6 business days before you can apply for a
renewal. Our lender must verify that they have successfully
received your payment. If you are trying to login during the
waiting period, you will receive an error message.

What is required to get a renewal?

In order to get a renewal, you need only to submit an
application under the Renewal section and provide us with your
electronic signature. That’s it, no faxing required!

How do I find out the status of my no fax payday loan
application?


All who apply will get their status via email. In some cases, if
more info is needed, we will contact you by phone or email to
get that information. Please pay close attention to all emails
that we send you.

Can I get a no fax payday loan?

If you’re a United States resident and 18 years old then you can
get a payday advance. You must be employed and make at least a
$1,000 net monthly income in order to be eligible for this loan,
and you can not have defaulted on a debt with another loan
provider or be past due with other payday advance companie if
you want to get approved by our lender. If you satisfy all of
these requirements then you will most like qualify for a free no
fax payday loan.

When do I get the no fax payday loan?

The payday advance will be directly deposited into your checking
account the business day after your application is approved. The
payday advance application can be completed in as little as 10
minutes. Once the application is submitted our lender can process
it in as little as 30 minutes. Getting a no fax payday loan is quick,
easy, and free, so give them a try today!

For more information regarding free no fax payday loans in the various states click one below.

Alabama - Arizona - Arkansas - California - Colorado Connecticut - District of Columbia - Florida - Georgia - Hawaii Idaho - Illinois - Indiana - Iowa - Kansas - Kentucky Louisiana - Maine - Maryland - Massachusetts - Michigan Minnesota - Mississippi -Missouri - Nebraska - Nevada - New Hampshire - New Jersey - New Mexico - New York - North Carolina - Ohio Oklahoma - Oregon - Pennsylvania - South Carolina - Tennessee Texas - Virginia - Washington - Wisconsin