Frequently Asked Questions About The Loan Process

Q. What is a payday loan?
A. A payday loan is a loan for a short period of time. The loan amount for this ranges from $100 to $1,500. Your ability to repay the loan will determine the amount that is loaned to you.

Q. There are lots of different terms. Do they all mean the same thing?
A. All the terms mean the same thing. Payday loan is also known as paycheck loan, fast loan, bad credit loan, cash advance, fast cash, deferred deposit, short term loan, cash loan, payday advance, and the like. They all mean a short term loan that is processed quickly.

Q. Do I need a bank account to apply for a payday loan?
A.. Yes, you need either a bank account to be eligible for a payday loan. Some lenders also require you to have a checking bank account. If you have a checking account, your application will be shown to more lenders and this increases your chances of getting a loan.

Q. What if I don’t have a bank account?
A. If you don’t have a bank account, apply here for a guaranteed 100% approval account.

Q. I have a bank account. Why am I being asked so many questions about my bank?
A. Your lender needs to ask you about your bank account details so that, once your loan is approved, money can be wired into your bank account as soon as possible. These details ensure that money is transferred into the correct bank account. For more information about bank account details, read Why do I need a bank account.

Q. If I am self-employed or have a fixed income, can I still apply for a bad credit loan?
A. Yes.

Q. If I am on social security benefits, can I still apply for a bad credit loan?
A. Yes. As long as you have a regular income, our lenders can provide a loan for you. Enter your social security benefit provider as your employer. Enter your own telephone number if you don't have the telephone number of your benefit provider. Enter the amount of time you have been receiving benefits as the Months Employed.

Q. If I currently do not have a job can I still apply for a payday loan?
A. No.

Q. I am in the military. Can I apply for a payday loan?
A. No.

Q. What do I need to be approved?
A. Every lender has different requirements. However, as a guide, the following is what the lenders are looking for:

You can be approved even if you have bad credit and you are in a terrible financial crisis. This is because credit is not a factor for approving you in a payday loan.

Q. What if I don't have state ID or a driver's licence?
A. Please enter your passport number or social security number instead.

Q. What if I have bad credit?
A. Individuals with bad credit or poor credit or slow credit are frequently approved for payday loans.

Q. Will a credit check be required?
A. Credit checks with the three major credit reporting bureaus are usually not performed on applicants. Sometimes, national consumer databases such as "Teletrack" or “DataX” will be used to review your track record with lending institutions.

Q. What is the most I can borrow?
A. The lender you are matched with affects the amount you can borrow. Generally, you may borrow up to $1500 from one lender. However, not everyone qualifies for this amount. Your lender may offer you a smaller loan until you have established a repayment history with them.

Q. What if I need to borrow more money than what is offered by my lender?
A. To borrow more money, you can apply with multiple lenders to get the total amount you need.

Q. Can I email you my information instead of filling in the online application form?
A. No, you have to fill in the online application form on this secure website. Exactly when your application to be approved depends on when you fill in and submit the online application form. The faster you submit this application form, the faster you are likely to get your cash advance loan approved. If you qualify, your cash advance may be approved in as little as one hour.

Q. How much does it cost to receive payday loans?
A. Our company, Easy-Payday-Loans.net, provides this service completely free. However, there is a service fee that will be charged by the lenders. We at easy-payday-loans.net work with lenders who charge some of the lowest fees in the industry. This fee varies and depends on the lender you are matched with. An outline of the fees will be sent to you once your application is approved. You then then decide if you wish to accept this cash advance.

Q. What hours is your service available?
A. You can apply for a bad credit loan through us 24 hours a day, 7 days a week. Once your application is matched with a lender, sometimes the lender requires additional verification which can only be done during business hours. Your lender can only wire the money into your bank account when your bank is open. If you need to contact your lender, it is best to do so during normal business hours (Monday to Friday, 8 am to 5 pm EST). For more information, please read Tips on how to get a loan more easily.

Q. What happens once the loan request is submitted?
A. As soon as your application is received, your application will be shown to different lenders. They will decide instantly if they can offer you a loan. Once your loan is approved, you will receive the chosen lender’s instructions by email. These instructions include your lender’s terms and conditions, repayment options and rates they wish to offer you. Once you have read these terms and conditions, you decide if you wish to accept or decline this loan that is offered to you. If you don't receive the email quickly, check your spam folder to see if these instructions are there.

Q. Is there a way to check the status of my payday loan?
A. You will receive an email regarding your application's status. Your lender may also contact some individuals by phone.

Q. Can you tell me if my loan is approved?
A. No. We at Easy-Payday-Loans.net are not involved in the loan approval process. We do not know the status of your loan. Please contact your lender directly regarding your loan approval status. If you need to contact your lender, it is best to do so during normal business hours (Monday to Friday, 8 am to 5 pm EST).

Q. I have applied for several payday loans. I have been approved for the first loan! But I’m not happy with their service fee and interest rate. Maybe, the other loans I’ve applied for will be better. Should I decline this first loan?
A. Shopping around for loans is not recommended. Think carefully about whether you want to accept or decline this loan that has already been offered to you. If you choose to decline, you may not get another loan offer for the next 30 days. Read Tips on how to get a loan more easily for more details.

Q. I’ve been approved for my loan & I’ve accepted their offer. What happens now?
A. Your lender will contact you by email or by phone to give you their customer service phone number. Keep this phone number carefully, as this is the number you will contact if you have any questions. Your lender will usually send out this email to you immediately when you accept their offer. If you don’t receive this email within 24 hours, check your Junk Mail Folder, in case their email has accidentally gone there.

Q. When will the money be credited to my account after I apply?
A. It only takes a few minutes for our payday loan lender to approve your application. Once this is approved and you accept the loan, money will be wired to your bank account. The time it takes depends on when you apply, but it could be in as little as an hour.

Q. How long do I have to pay back the cash advance?
A. It is likely that you will have to pay back the cash advance loan back once you receive your next paycheck. However, you may also qualify for a repayment plan that spreads your payment over more pay periods. Your individual lender may have other repayment terms as well, so it is best to check with them.

Q. How do I know that only the amount I owe will be withdrawn from my account?
A. Your loan agreement with your lender authorizes the maximum amount that can be legally withdrawn from your account.

Q. Can you help me if I have a question about my lender?
A. No, we cannot access your information or contact your lender. You must direct any loan questions to your lender.

Q. Can you send me my lender's phone number?
A. No. Once you submit your application for a bad credit loan on this site, your lender will send you an email with their contact information, so check there.

Q. How do bank holidays affect my loan?
A. The Federal Banks and their branches observe the following bank holidays:
If a holiday falls on a Sunday, Federal Reserve Banks and their branches will be closed on the following Monday. If your loan is approved on a bank holiday, the money will be deposited in your bank account on the next business day. You should contact your bank and your lender directly to confirm that funds have been credited to your account.

Q. What if the lender you matched me with does not approve my loan?
A. We at Easy-Payday-Loans.net do our best to match your application with the lender who is most likely to provide you with a loan. However, we cannot guarantee that you will receive the loan you need. Our network of qualified payday lenders is one of the largest on the internet. Each lender uses proprietary criteria to evaluate loan applicants and approve those who meet their criteria.

If you are not approved for a cash advance loan with the lender you were matched with originally, you may re-apply and we will attempt to match you with another lender.

Q. What if my application is not matched with a lender?
A. We at Easy-Payday-Loans.net cannot guarantee that we can find a lender for you. If you are not matched and you choose to reapply with us, you could try the following to improve your chances:
Q. Do you have any suggestions on how I can get a payday loan more easily?
A. Please read Tips on how to get a payday loan more easily