What is a Payday Advance?
Payday advances known as payday loans, pay day loans, paycheck loans or cash advances, are very short-term personal loans collateralized against your next paycheck(s). In other words, it is a loan that is due on your next payday. For many of our customers it's the easiest and fastest way to get fast cash between paydays.
It is as easy as submitting an online application and your payday advance amount can be electronically deposited into your checking account overnight, and repaid on your next paydate with an authorized automatic withdrawal.

How do I qualify for a payday advance?
Qualifying for a payday advance is easy with Finance Payday. 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 for my payday loan?
Customers typically receive payday advance approval within a few minutes to a few hours of applying, and receive the cash advance loan amount via electronic transfer overnight!

Will my credit or bankruptcy hurt me?
Finance Payday does not perform credit checks on our payday advances.

What about collateral?
Your job and your paycheck are the only collateral you need for your payday advance.

Do I need direct deposit?
Yes. Your payday loan may only be processed if your paycheck is direct deposited.

Is there an application fee?
We will never charge you 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?
Finance Payday is here to help anytime you need extra cash between paydays. We encourage all our clients to keep in mind that a payday cash advance loan is a only short-term answer to urgent cash needs, and to use these loans responsibly.

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 your take home income.

What are the fees for a payday loan?
Fees vary depending on where you live and the lenders that work 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. If you need to borrow money for periods longer than until your next payday, you may wish to seek the advice of a credit councelling specialist.

When is the loan amount due?
Payday advances 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, depending on where you reside.There are usually no penalties if you pay back your payday advance early, but it is best that you check with your lender to make certain of the terms and conditions of your payday advance and their policies on this and other matters.

What if I can't repay the payday advance in full on my due date?
Different payment options are generally available:
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 as they pertain to your payday advance.