Frequently Asked Questions

What is a Paycheck Cash Advance?

Also known as payday loans, or cash advances, these are very short-term personal loans collateralized against your next paycheck(s). For many of our customers it's the easiest and fastest way to quick cash between paydays. Simply submit an online application and your loan amount can be electronically deposited into your checking account overnight, and repaid on your next pay date with an authorized automatic withdrawal.

How do I qualify for a payday loan?

Qualifying for a payday loan is easy with PayCheckNow.com. We do not perform credit checks, so even if you have bad credit, no credit, or a bankruptcy, you can still qualify. However, you must meet these requirements:

• Currently have a job (or receive regular income);
  
• Make at least $1500 per month; (gross)
  
• Are 18 years of age or older and a U.S. citizen;
  
• Have your paycheck direct deposited to your checking account.

How long does it take to get approved?

Typically, the approval process takes only minutes. Funds are electronically transferred overnight.

Will my credit or bankruptcy hurt me?

No. PayCheckNow.com does not perform credit checks with regard to 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.

Is my application and financial information secure?

Very secure. Our site uses a host of security measures to ensure the safety of your confidential financial information. All sensitive information transmitted between your browser and our website uses 128-bit Secure Socket Layer (SSL) encryption technology.

How often can I get a payday loan?

PayCheckNow.com 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 only a 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 law limits the payday advances. Your actual loan amount is determined by various other factors including take home income.

What are the fees for a payday loan?

Loan fees vary by the amount of loan outstanding. PayCheckNow.com fees are competitive in the industry and regulated by state and federal laws.

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. There is no refund for paying off early.

What if I can’t repay the payday loan in full on my due date?

At PayCheckNow.com we're very flexible in our ability to work with you on payment options. When your loan comes due there are three payment options available for you:

1. You may pay the loan amount plus the finance fee in full.*
2. You may pay only the finance fee and re-borrow the loan (a new finance fee will be charged).*
3. You may pay the finance fee plus a portion of the loan and then re-borrow the remaining loan amount (a new finance fee will be charged based on the reborrowed amount).*

* Some additional terms and conditions may apply. Please ask your loan consultant about all of the repayment options.