What is a Payday Loan?

A payday loan is a cash advance made to a person until their next payday comes along. People choose payday loans for small unexpected needs for cash. You can get up to $1000 overnight (depending on whether you’ve made an application during a business day). Once your loan application is approved, the money is deposited directly into your bank account. You can apply over the internet and, if you do your banking online, you will able to see exactly when your account get credited with the amount you have loaned.

A payday loan can be used for anything, the lender does not need to know the specifics of what it is you will be using the money for. If you meet the loan requirements you will get the cash advanced to you.

What kind of loans does PaydayLoanSolutions.Net offer?

Payday Loan Solutions is a matching service for a network of trusted cash advance lenders. We can help you get payday loans, cash advances or short term loans meant to cover short term expenses.

What are the loan requirements?

Qualifying for a payday loan is much easier than qualifying for a credit card. You only need to be 18 and you need to have been employed for at least 6 months in your current job. You need to be a US citizen and, of course, have a bank account.

What is the application procedure?

Applying for a payday loan is simple especially at PaydayLoanSolutions.Net. Everything is filled and submitted on an online form. There is no paperwork and approval is almost immediate.

Is Financial information secure?

We respect customer’s privacy and hence use the highest security system with the latest encryption technology.

How much can you get?

You can get up to $1000 in 24 hours. The money is deposited into your bank account once the application has been approved and you have agreed to the terms and conditions of the loan agreement.

How much will a loan cost? What are the rates?

Rate and repayment information is based on your personal eligibility for a loan and varies per customer. Rate and repayment information will be available to you if you are approved by a lender. The terms are disclosed in the application process when you are directed to the lender’s website. At this point you have NOT accepted the loan. If, when the terms are disclosed, they are not acceptable to you, do not sign the application. No loan will be issued unless you accept the rate and repayment terms you are presented upon completion of your application.

However a representative APR example is as follows: Rates vary by state, applicant information and lenders. An example loan of a $100.00 for 14 days could cost $25.00 in fees with an APR of 651.79%. The total amount to payback could be $125.00.

How are the fees structured?

We are not lenders and hence do not have any control on Fees and Rates. When you are matched with a lender, they will send you the detailed Fees and Rates structure. You can read through it and if it suits you, you can accept the loan.

What if I have bad credit?

Since we are not a bank, we don’t let bad credit disadvantage anyone from getting a payday loan. You can still get $1000 advance with a low credit score.

What happens if I’m late with my payment or don’t pay at all?

Additional fees will more than likely occur in the event of a late or partial payment. Failure to pay will result in legal action, as well as reporting of the non-payment to a consumer reporting agency.

What is your renewal policy?

Renewal policies are determined by the lender, not by us, so they will vary. But, be aware some lenders may not debit your account for the full amount of the loan, which may result in additional fees and a renewed loan. Make sure you read the renewal policy carefully and make your wishes clear to the lender.