Payday Loans FAQ

1. What is a payday loans Advance, or payday loan? A short-term money advance provided until your next Payday or benefit payment.

2. How does it work? Once approved, we will fax you an agreement and authorization form that will allow us to disburse the money to you and electronically debit your bank account for the amount financed as well as the finance charge.

3. Repayment of the loan, do I qualify? If you are employed or have some form of guaranteed income, like social security or a pension, you may apply.

4. Does a poor credit history disqualify me? Not necessarily, Payday Plus is in business to assist customers. Many of our current customers have had credit difficulties from time to time.

5. What if I filed bankruptcy? You may still qualify, if the bankruptcy has been discharged.

6. How long does it take to get my Advance? The approval process usually takes 30-60 minutes. Upon approval the funds will be credited electronically next banking day.

7. Is this transaction confidential? Yes. This internet application is secured by "SSL" encrypted technology. and kept under lock + key.

8. Can I request multiple Payday LOANs? No. Only one (1) Payday Advance can be outstanding at any given time. However, by calling, a customer service representative may be able to assist you with a larger loan.

9. What is a Demand Draft? A Demand Draft is a check created in lieu of your personal check per your authorization.

10. What is an ACH? An ACH (Automatic Clearing House), is the electronic system setup by banks to transfer funds between themselves.

11. When will the money be deposited in my checking account? After approval, if 4Paydayloan receives your signed contract by 4:30 p.m. the loan will be available the following business banking day.