Frequently Asked Questions about Payday Loans

What is a Payday Loan?
A payday loan is a financial tool intended to provide temporary relief to a short-term financial burden. While many consumers use a payday loan to cover unexpected expenses rather that incurring late fees or NSF (non-sufficient funds) charges, a raising number of consumers also report using the loan to pay for expected discretionary spending such as planned vacations, purchases, and so on. Payday loans do not require a statement of intended use, so this allows consumers to spend their money the way they want. Payday Loan PRO is here to match you with a lender who can help get you the cash loan you need as quickly as possible (if approved).

How do I qualify for a Payday Loan?
Payday loan lenders will generally have their own requirements, including (but not limited to) being a citizen of the United States 18 years or older, have a steady sorce of regular income, and an active checking account. For additional requirements, please speak to your assigned lender.

How long do I have to wait before I know if I can get a payday loan?
Final approvals usually reach the applicant shortly after the online form is submitted; this depends largely on the accuracy of the information presented in the form, so be sure to be as accurate and as honest as is possible!

When will I receive my money if I am approved?
The funds are authorized the same day and wired to your account on the next possible business day in most cases (speak to your lender for additional information).

And if I have bad credit, previous NSFs, or charge-offs?
Many lenders still work with individuals who have less than perfect credit histories.

Do I have to present collateral to get this loan?
Your next paycheck acts as collateral.

Is direct deposit necessary?
Bank accounts with direct deposit enabled allow our lenders to process the transfer of funds quickly and securely. Speak with your financial institution if you are unsure if your direct deposit option is enabled.

Is my information kept safe and secure?
The technical staff of Payday Loan PRO takes your security very seriously. For more information about our safety protocols and our privacy policy, click here.

When do I pay back my payday loan?
The due date for your loan will be established by your lender using the information you provide for the online form.

*Additional terms and conditions may apply. Please speak to the loan officer in charge of your account or another qualified financial professional before making any decision with respect to this or any other loan.