Faq's
What is a Short Term Loan, Cash Advance, or Payday Loan?
What do I have to do to qualify for a Short Term Loan?
How long before the money is my account?
What if I have bad credit, NSF’s, charge-offs or a bankruptcy?
Do I need direct deposit?
Is there an application fee for filling out our form?
Is my application and financial information secure?
How is the payday cash advance loan amount determined?
How soon do I have to pay back the loan?
What is the cost for a cash advance payday loan?
What is a Short Term Loan, Cash Advance, or Payday Loan?
A short-term loan puts cash in your pocket before your next payday. You use payday advances to cover small, unexpected expenses and avoid costly bounced-check fees and late payment penalties. If you need a payday loan or cash advance loadn fill out our simple, online application and you can have your money electronically deposited to your checking or savings account by one of our many lenders.
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What do I have to do to qualify for a Short Term Loan?
Qualifying for a payday loan is fast and easy. There are only a few minimum requirements. Each lender has their own requirements but these are a few of the basic one.
• Currently have a job.
• Make at least $1000 per month
• Are 18 years of age or older and a U.S. citizen
• Have checking account or savings account with direct deposit
• Not active in the military
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How long before the money is my account?
Most applicants typically receive approval within minutes of applying. Since the money is wired directly into your checking or savings account, you can usually have access to your funds within 24 hours.
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What if I have bad credit, NSF’s, charge-offs or a bankruptcy?
Our lenders do not run a credit report so your loan approval is not based on your credit score. Many short termloan customers have sub prime credit when signing up for an online cash advance.
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Do I need direct deposit?
Yes. Your must have direct deposit for your Payday loan application can be accepted.
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Is there an application fee for filling out our form?
MyOnlineCashToday.com does not charge a fee to fill out the application. However, the lender we match you up with will have their fees. So be sure to check your loan documents carefully to be sure of what the short term loan will cost you.
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Is my application and financial information secure?
Absolutely. We understand the risks that customer’s privacy needs in managing their personal finances. We have in place many security measures to maintain the safety of your personal information. All sensitive information transmitted to our website uses 128 bit Secure Socket Layer (SSL) encryption technology.
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How is the payday cash advance loan amount determined?
Our lenders qualify you for a payday advance amount based on your current income.
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How soon do I have to pay back the loan?
Payday short term loans are generally repaid back when you receive your next paycheck. Your lender should disclose this information when you agree to their terms. Some lenders have an installement repayment method that allows you to make smaller payments until your loan is payed off.
*Some additional terms and conditions may apply. Please ask your loan consultant about
all of the repayment options.
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What is the cost for a cash advance payday loan?
The cost of a cash advance, payday loan or short term loan is dependant on the the lender that approves your loan. Make sure to their fee schedule as well as their repayment options before signing any loan documents.
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