Definition of Payday Loans

Payday Loans are short-term loans secured by only your promise to repay the loan by contract with the Financing Company at your next payday.  Because there is such a high risk associated with these types of loan, the APR rate tends to be higher than any other types of loans. Financing Companies are dealing in good faith with their customers when handling payday loans.

Procedures for a Payday Loan

Applying for a payday loan is simple and confidential. Simply log on to our website, and fill out our express payday loan application. You can be confident that everything you put on the payday loan application is secured through our SSL lines. After you have submitted the application for the payday loan, then just simply fax over the required documents.

Status of the payday loan application is taken care of by our team of expert services agents. We will treat each client’s payday loan application with the utmost urgency for we know time is of the essence for them. Once our services agents have carefully reviewed the payday loan application, we will either e-mail or call with the status of payday loan application. If approved, funds will be transferred discretely into our customers account, so that not to reveal their financial situations.

Repayment of Payday Loans

Repayment of the payday loan is done by ACH. On the customer’s payday, the funds will be electronically withdrawn for the amount borrowed plus any fees incurred. Once the original payday loan is paid in full, then the consumers can obtain another payday loan.