Questions?
Q1: What exactly is a payday loan?
Q2: Payday loans are described in various terms, what are the differences?
Q3: I would like to get a payday loan. How do I receive my cash?
Q4: What is the loan approval process?
Q5: I've finished the application. When will the money be in my account?
Q6: How much money can I have advanced to me?
Q7: What are your loan fees for the cash advance?
Q8: I do not have access to a fax machine. What can I do?
Q9: I do not have a copy of my most recent bank statement. What can I do?
Q10: I received my loan. When do I need to pay back the loan?
Q11: I want another pay advance. Can I get it, before I pay back the first?
Q12: I've paid back my first loan. How fast can I get another payday loan?
Q1: What exactly is a payday loan?
A1: A payday loan is a small unsecured loan, usually for $100 to $1,000, that is designed to meet your financial needs until your next payday. Essentially, you are making out a check for the advanced loan amount, plus a fee, to be held until your next payday. Back to top
Q2: I've heard of payday loans described as numerous different terms. What are the differences?
A2: Payday loans are also known as cash advance, short term loans, payday advances, cash loans, fast cash, fast loans, bad credit loans, deferred deposit, and a number of other things. No matter what you call them, payday loans can get you through your financial crisis. Back to top
Q3: I would like to get a payday loan. How do I receive my cash?
A3: The payday loan / cash advance is wired directly into your bank account, usually within one hour. Most online loan companies take up to 48 hours to send you the cash you need, while iPaydayLending can help you get the money you need wired into your account within one hour! Back to top
Q4: What is the loan approval process?
A4: Our simple, convenient loan application takes only minutes. Once you have completed the application, you will need to fax a blank check, your most recent bank statement, and a recent pay stub. Loan approval takes only minutes from when we receive these items. Back to top
Q5: I have finished the application. When will the money be in my bank account?
A5: Your cash advance wire is sent to your bank for processing within one hour of approving your loan, and in most cases the funds will be in your account immediately. However, the bank processes wires based on Federal Reserve operating hours (Monday- Friday 9:00 am to 5:00 pm EST excluding federal holidays). If you request a loan outside of normal banking hours then your loan will be processed the next business day. This means that even if you apply for a payday loan from iPaydayLending in the evening, the funds can be in your account as early as the next morning! Back to top
Q6: How much money can I have advanced to me?
A6: iPaydayLending will help you get up to $1,000, based upon the information that you provide to us on the loan application. Back to top
Q7: What are your loan fees for the cash advance?
A7: iPaydayLending works with a network of lenders whose cash advance fees are the lowest in the payday loan industry. Fees are as low as $10 per $100 borrowed. Back to top
Q8: I do not have access to a fax machine. What can I do?
A8: Even if you do not have access to a fax machine, you can simply go to your local Kinko's, Office Max, Office Depot, Staples, or Mailbox Etc. to use their public fax machine. Then you are just one hour from getting the cash you need! Back to top
Q9: I do not have a copy of my most recent bank statement. What can I do?
A9: We suggest contacting your local bank and requesting access online to your statement. You may fax an online printout covering the last thirty days with your name and/or account number on it or a bank printout with a bank stamp on it. Back to top
Q10: I received my loan. When do I need to pay back the loan?
A10: After you have received your payday loan, your check will be scheduled for deposit on the next pay date that you entered on your loan application. Another payday loan can be scheduled for you if you do not want pay back the loan on that payday. Back to top
Q11: I would like another pay advance. Can I get another loan before I pay back the first one?
A11: Once you have you repaid your payday advance, you can request a new loan for an even higher amount. You can schedule the new pay day advance from the website even before the current one comes due. Back to top
Q12: I've paid back my first loan. How fast can I get another payday loan?
A12: Once your original loan is paid off, you can get another loan same day! Back to top