Questions
As indicated in its name, this type of loan enables you to get ahold of cash to put you through until your next pay at work. This is a short-term cash advance available for employed individuals. A payday cash advance is ideal for dealing with expenses at smaller amounts and for emergency reasons. This is a good way to get away from penalties for late payments and bouncing checks. A cash advance with PaydayLoanSmart.com is available via online application and can be transferred directly to your bank account, savings or checking account.
Where can I use the payday loan?
You can get a payday loan for any purpose of your desire. It can be for bill payments, gift purchases, a vacation or anything else. There is no need for us to know about it.
How much can I get with each approved payday loan?
The maximum amount available for each cash advance from PaydayLoanSmart.com is up to $1,200. On the first time, however, the amount to be released is going to be based on your personal information as provided in the online application. Once the first loan is completely paid back, you can easily avail of another cash advance with a larger amount.
We work according to the state and federal laws set on lending companies. We have very competitive rates that are sure to give you the best deals.
The fees are within the $25 to $30 range for every $100. These are based on the lenders and their preferences. A borrowed amount of $300 comes with a fee of around $75-$90.
More so, PaydayLoanSmart.com does not charge any application fee.
It is easier to qualify for payday advances than for traditional credit. We at PaydayLoanSmart.com do not do any credit checks, so it is all hassle-free. You just have to:
- Be at least 18 years old and have a US citizenship
- Have a job or a regular income
- Make a minimum of $1,000 every month
- Have a bank account (savings or checking) that is available for direct deposits
All it takes is a very simple application. You just have to go online and fill out the application form found on our website. Once the application is done, the approval process starts instantly. Personal information for the online application includes your full name and address, employment data and bank account details.
Is the information safe and secure online?
Your security is on the top of our list. This is the reason why our online system has the 128 bit Secure Socket Layer encryption technology to make sure that your personal information stays as secure as it should be.
When the application is approved, can I still back out of the whole loan transaction?
Filing an online application does not mean that you should take out the loan. It is simply an application, indicating your interest in availing of a cash advance. This entails your desire to learn more and get some more information about the loan. You are free to process the additional information and withdraw from your application. It takes an official agreement to the terms and conditions before you can proceed with the loan processing and release.
Can you still help me even when I have a bad credit history?
At PaydayLoanSmart.com, you are not judged based on your credit history. We are happy to accommodate you and work with you in making your cash advance happen.
Is this available for tenants as well?
There is no problem about being a tenant. PaydayLoanSmart.com can help you out even if you are not a homeowner.
Do I have to send my personal information by fax?
There is no need to send your information in via a fax machine and have the possibility of getting it into the wrong hands. The lending companies are going to get hold of all the important details immediately.
Can I avail of more than one payday loan at the same time?
It is not possible to avail more than one payday loan at the same time. A payday loan has to be completely paid first before we can grant you another one.
Does the approval process involve calling up my previous and current employers?
We do not contact any past or present employers. All your information, personal and business-related, is never given to any third parties without your agreement except when the law requires.
Is there a need for a direct deposit account?
Your loan can be processed only if your paycheck can be deposited directly. We find it as the safest and most secure way of giving you the cash that you need as quickly as possible.
How do I know about the approval of my loan application? How long does it usually take for me to know of the results?
After the online application has been submitted, it will be processed within half an hour. Once it is approved, you will be advised to get hold of the borrowed amount on the following business day. On the release of the money, we will be working with you on setting the schedule for your payment dates in such a way that you can avoid bounced checks and missed payments along with their corresponding fees.
An email will be sent to notify you once the application is approved. We at PaydayLoanSmart.com have the right to adjust the details of the loan approval until the very moment the amount has been transferred to your bank account. Such adjustments are based on any new information concerning your loan application.
How is the payment going to be arranged?
The usual due date is on your next payday. This might however be changed as affected by the various rules and regulations imposed by the state you are in.
For payments that are made earlier than the due date, there is the possibility of getting a refund to a certain part of the loan fee. It is, however, necessary for you to discuss this option with us in order for you to be able to avail of the mentioned privilege.
For those who cannot pay the full amount of the loan on its due date, a loan extension is possible
As of the present time, we offer three different payment arrangements for you. They are as follows:
- Pay the loan in full on the exact maturity date as listed in the loan agreement.
- Pay the finance fee and a portion of the principal on or before the maturity date.
- Pay the finance fee only on the maturity date.
How often can I apply for payday loans?
PaydayLoanSmart.com is always available for your emergency needs. It is, however, important to acknowledge the fact that this cash advance option is a short-term solution to emergency financial needs only. Budgeting issues need a more in-depth and thorough treatment.
