Online Payday Loan FAQ'S

(Each question underlined links directly to the response below.)

What is a Payday Loan?
A payday loan is a short term loan (usually 2 weeks), that is borrowed against your pay check. When you apply for a payday loanonline , you request X amount of dollars.
On your next payday, the funds are repaid by transferring them from your checking or savings account. There is a fee that's required to be paid back in addition to the borrowed funds. Fees vary from lender to lender.

How do I apply for a online payday loan?
Start by reading the requirements to see if you would meet all of the requirements. If you determine that you match all of the requirements, then proceed to the easy to complete online application and apply.

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What are the loan requirements?
The requirements are minimal, see the requirements page for details.

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How long does it take to get approved?
Once you complete the application form and its presented to the lenders, you will hear from them within 10 minutes, if your application is accepted?

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What if I have bad credit?
Bad credit is not a problem at all when you apply for online payday loans. Although lenders will check data bases such as Telecheck, to see if you have a payday loan that is currently outstanding, they never pull your credit report.

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How do I repay my payday loan?
Funds will be due on your following pay period. The funds along with a processing fee, will be automatically withdrawn from your checking or savings account.

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How much can I borrow?
It depends on the laws of the state that you live in. The minimum amount you can borrow in most states, is $100 and the max is $1000.

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Do I need to fax documentation?
It varies from lender to lender. Most online payday lenders do not require you to fax any documentation.

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By completing the online form, am I obligated to take out a payday loan?
Absolutely not! The online form is simply a way for lenders to see if you meet their requirements.

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Can I repay the loan early?
Yes you can and there is no penalty for doing so.

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Testimonials

"Fast process! I had my money the next day and I was able to pay off a bill that I had no other way of paying."

Carla Memphis, TN



"Thanks to Cash-Medic.com, I had $250 deposited directly into my account. It was very convenient, to do everything right from the comfort of my home and not being embaressed by going into a store."

Robert Mobile, AL



"I was worried about sending my personal information over the internet but my worries were for nothing. My information was not only safe but the entire process was very easy!"

Stacy Reno, NV

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