How do I qualify for a payday loan?
Qualifying for a payday loan is easy with 1 Hour Cash Loans. Our
lenders do not perform credit checks, so even if you have bad credit,
no credit, or a past bankruptcy you can still qualify. These are the
general requirements:
• Be currently employed or receive a regularly recurring income.
• Your take home pay is at least $1000 per month if employed or $800 per month on a fixed income.
• Your checking account uses direct deposit.
How long does it take to get approved?
Customers typically receive payday loan approval within a few hours of
applying, and receive the cash advance loan amount via electronic
transfer overnight! In some cases you may receive the loan the same day.
How long does it take to get approved?
Customers typically receive payday loan approval within a few hours of applying, and receive the cash advance loan amount via electronic transfer overnight!
Will my credit or bankruptcy hurt me?
1 Hour Cash Loans lenders do not perform credit checks on our payday loans.
What about collateral
Your job and your paycheck are the only collateral you need.
Do I need direct deposit?
Yes. We can only process your payday loan if your paycheck is direct deposited.
Is there an application fee?
No, you will never be charged an application fee. Be extremely careful
with lenders that try to charge an application fee for your paycheck
advance loan.
Are loans available in every state?
At this time we are able to refer lenders from all 50 states. This may, from time to time, be amended due to regulatory or other changes.
How often can I get a payday loan?
1 Hour Cash Loans is here to help anytime you need extra cash between
paychecks. We encourage all our clients to keep in mind that a paycheck
cash advance loan is a only short-term answer to an urgent cash need,
and to use these loans responsibly. Paycheck cash advance loans should
not be used repeatedly to deal with continuing budgeting issues. If you
need additional help with credit, budgeting or debt management, please
call the National Foundation for Credit Counseling at 1-800-388-2227.
How is my loan amount determined?
State laws generally limit the payday advances to amounts from $100 to $500. Some states may permit payday loans of up to $1,500. Your
actual loan amount is determined by various other factors including
take home income.
What are the fees for a payday loan?
Fees vary depending on where you live and the lenders that works in your area. The fees can be expensive and may be up to $30 for every $100 borrowed. Payday Loans and Cash Advances are not intended to solve larger financial commitments. Should you need to borrow money for periods longer than that of your pay period, you may wish to consider seeking the advice of a credit counselling specialist.
When is the loan amount due?
Paycheck cash advance loans are usually due when you receive your next
paycheck via direct deposit. The standard time for loan repayment is
usually no less than seven days and no longer than eighteen days, though some may lend for longer durations. There usually are no penalties if you pay back your loan early, but it is best that you check with your lender to make certain of the terms and conditions of your loan and their policies on this and other matters.
What if I can’t repay the payday loan in full on my due date?
We have different payment options available for our customers:
1. Paying the loan in full on the maturity date listed on your loan agreement*.
2. Paying the finance fee and a portion of the principle on or before the maturity date*.
3. Paying only the finance fee on the maturity date*.
* Some additional terms and conditions may apply. Please ask your loan consultant about all of the repayment options
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