Frequently Asked Questions about Paycheck Loans

Here are the answers to the most commonly asked questions about paycheck loans.

What are paycheck loans?

Paycheck loans are short-term loans that are secured against your paycheck. They provide relatively small amounts of money, up to $1500 with some lenders, to help you cover emergency expenses until your next paycheck arrives. You can use paycheck loans to help pay for urgent utility bills, credit card bills, car repairs, etc.

How do I sign up for paycheck loans?

You can sign up for paycheck loans by filling out our simple, online form. The form will ask you for basic contact information, like your name, address, phone number, etc. As soon as you complete the form, we will match you with a lender of paycheck loans. We will refer you to the lender's website for further information. If you wish, you can then apply for paycheck loans on the lender's site.

Are you a lender?

No, we do not actually provide paycheck loans. We are just a free referral service that helps our visitors find quality, reputable lenders that can meet their needs. Our goal is to connect you with the right lender for you in the most efficient manner possible.

How quickly can I get paycheck loans?

The processing time for paycheck loans will vary by lender. With some lenders, you might get your loan as quickly as the next business day after you apply (varies by lender). Most lenders electronically wire the funds to your checking or savings account the night after the application process is complete (varies by lender).

What do I need to qualify for paycheck loans?

Qualification standards will vary from lender to lender. Usually, though, most lenders require that you are at least 18 years old, have a job, make at least $1,000 per month, are a U.S. citizen, and have a checking or savings account with a direct deposit feature.

Are paycheck loans expensive?

The cost of paycheck loans will vary by lender. In general, though, paycheck loans are a very affordable solution to cash flow gaps when you consider the alternative. Without paycheck loans, you will probably have to wait to pay your bills, thus incurring late fees, interest rate increases, and possible damage to your credit. You might also face bounced check fees if you overdraw your account. Most lenders assess a reasonable finance charge for paycheck loans. The amount of your finance charge can be found in your consumer loan agreement.