The best payday loan of this month is Loansofast
What is payday loan?
Payday loan is a small unsecured loan, and is usually granted in the amount from $100 to $1,000, which is designed to meet borrower financial needs until borrower next payday. Essentially borrower is making out a check for the advanced loan amount, plus a fee, to be held until borrower next payday. Personal loans are also known as cash advance, short term loans, cash advances, cash loans, fast cash, fast loans, bad credit loans, deferred deposit, and a number of other things. No matter what you call them, personal loans can get you through your financial crisis.
What services does Loans so fast provide?
Loan so fast is here to help you find a personal loan lender. We present your completed application to our vast network of lenders in order to find a lender that is most likely to approve your loan. By searching for a personal loan through loan so fast, you can be sure that your application has been reviewed by the leaders in the personal loan industry.
What are the requirements for a payday loan?
- borrower must be at least 18 years of age
- have a job or other regular source of income such as unemployment compensation income, social security income, disability income, or any other source of income
- must have active open bank account
- What should I do to be approved for a loan?
To be approved for a loan, you 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. Factors such as income, direct deposit of your pay, past personal loan history and state of residence, may affect the approval of your loan. If your application is accepted by a lender, your assigned lender may contact you directly and ask for additional information in order to approve your separate loan application. Personal loan lenders utilize proprietary criteria to evaluate applicants and will approve your loan when your application matches their criteria.In order to increase your chances of getting matched with a lender and ultimately approved for a loan, please be sure to fill out our application with honest verifiable information. For example, entering a cell phone number instead of a home phone makes it more difficult to verify your information and many lenders will not accept applications that cannot be verified. We do our best to find a lender for you, but unfortunately there's no guarantee that your loan application will be accepted.
Bad credit or no credit is accepted.
Loan so fast works with a vast lender network dedicated to helping you get the money you need, regardless of your credit history.
Secure and confidential.
Your privacy is very important to us. Only you and the lender are involved in the transaction.
Peace of mind.
Financial emergencies happen when we least expect them to. Having access to a cash advance loan helps you avoid unnecessary bank charges, credit card fees, or negative marks on your credit report.
Most Frequently asked question for payday loan
How long do I have to pay back the loan?
Your loan is normally due on your next pay date. (When you receive your next paycheck, could be weekly, bi-weekly, monthly, or otherwise) However, most lenders will allow you to extend your loan by paying a fee. Check your lender website.
What happens if I pay back my loan late?
Late payments of loans may result in additional fees or collection activities, or both. We strongly recommend not paying back your loan late. If you have any questions, comments, or you wish to extend your loan you should contact your lender directly. Each Payday Lender has their own terms and conditions, please review their policies for further information.
What happens if I do not pay back the loan?
Non-payment of credit could result in collection activities.
How do I receive my cash?
The personal loan / cash advance is wired directly into your bank account by your lender. LoansSoFast works with a network of lenders, some of which can have money in your bank account in one business day. Lenders can wire the money to your bank account in one business day. If you apply on a weekend or holiday, the money will be sent to you by your lender the next business day.
What hours is your service available?
Loan so fast accept applications 24 hours a day, every day of the year. However, once your application is provided to a lender, sometimes its procedures require additional verification which can only be done during normal business hours. Please keep in mind that the lenders can only electronically deposit money to your bank account on days when your bank is open. You can submit your application to us at any time 24 hours a day 7 days a week. However, since we only match you with lenders who are available to help you in real time you may be more likely to find a lender during normal business hours (Mon-Fri 8 am – 5 pm EST) since not all lenders operate on weekends and holidays.
How do bank holidays affect my loan?
The following bank holidays are observed by Federal Banks and their branches:
New Year’s Day
Martin Luther King, Jr. Day
For holidays that fall on Saturday, Federal Reserve Banks and branches are open the preceding Friday. For holidays that fall on Sunday, Federal Reserve Banks and branches are closed the following Monday. If your loan is approved on a weekend or bank holiday, typically your funds will be sent the next business day. You should contact the lender directly to confirm when the money will be deposited and the ACH department of your bank to verify that the funds have been credited to your account.
How much money can I have advanced to me?
Each lender offers different loan amounts, and the amount you may receive may depend upon the information that you provide to us on the application. Your lender may offer you a smaller loan until you establish a payment history with them.
What if I have a fixed income or benefits?
As long as you have a steady stream of income, our lenders may be able to provide a loan to you. 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.
Does your company do credit checks?
LoansSoFast is not a lender and we do not perform any type of credit check. We try to match your application to lenders in our network in order to find the right loan for you. 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 personal loan history.
Do I need to fax any information?
No, the application process does not require faxed documents. However, your lender may ask you to fax over certain information, such as a pay stub, if they are unable to verify information in your application.
I am ready to get a personal loan / cash advance! Where do I go to apply?
Great! You can go to our online loan application and sign up today!