Frequently Asked Questions
What is a payday loan?
A payday loan is an unsecured, short-term cash loan typically backed by a future source of income, often times a paycheck or anticipated benefit. These loans should only be used when truly needed, such as in emergency financial situations. They are not a solution to long-term debt problems.
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advancepersonalloan.com is not a lender and does not make credit decisions. It simply connects interested consumers with independent, licensed third party lenders based on the information provided. Begin by completing our simple form. Once submitted, advancepersonalloan.com will try to connect you with an interested third party lender. Every third party lender has their own terms and conditions for payday loans (i.e., fees, repayment terms, renewal policies, APRs, etc.), and each makes approval decisions separately. If matched with an third party lender, be sure to fully understand the lender’s terms and conditions before agreeing to them. If you do not understand or agree to the lender’s terms and conditions, you may refuse the loan offer. If you have any questions or concerns about your payday loan, you should contact your lender directly.
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Registering to be connected with third party lenders at advancepersonalloan.com is free! Since advancepersonalloan.com is not a lender, there are no fees or interest directly associated with registration. advancepersonalloan.com is a loan matching service that facilitates your request for access to participating third party lenders who may be able to meet your needs. If you are approved by a lender, the rates and fees associated with your loan will vary from lender to lender.back to top
Typically, the amount that can be borrowed with a payday loan ranges between $100 and $1,000. Please note, however, not all lenders offer up to $1,000, and the amount offered by an interested lender may differ from the amount sought. How much you qualify for depends on numerous factors including your lender, income, and employment.back to top
An independent third party lender could transfer an approved payday loan to your bank account as early as the next business day. Please note, however, cash transfer times may vary depending on the lender and your individual financial institution.
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advancepersonalloan.com is not a lender and does not make credit decisions. Independent lenders have their own minimum requirements which must be met to be approved for a payday loan, and one independent lender’s may differ from another’s. Such minimum requirements typically include, but may not be limited to:
You must provide certain personal, employment, and banking information to be matched with prospective independent third party lenders. Such information includes, without limitation, name, address, telephone number, email address, social security number, driver’s license number, bank account information, and employment information. The information you provide must be accurate. Once submitted, independent lenders may perform a credit check or otherwise verify your social security number or other information.
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Independent lenders may perform a credit check or otherwise verify your social security number or other information. Each independent lender makes approval decisions separately. advancepersonalloan.com does not play a role in the credit decision process.
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advancepersonalloan.com is not a lender. Each independent third party lender has their own terms and conditions for payday loans, including those concerning repayment. Only your lender can provide you with information about your specific loan term. You should contact your lender directly with any questions, comments, or concerns.
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What if I am unable to repay my payday loan according to its terms?
If you cannot repay your payday loan according to its terms, your lender may:
Charge you late fees Send your account to a collection agency Report your information to a consumer reporting agency (which may negatively affect your credit score) Offer to renew, extend or refinance your loan (which may cause you to incur additional fees, charges and interest)
advancepersonalloan.com is not a lender. Only your lender can provide you with information about your specific loan terms and the implications of non-payment of your loan. Ask your lender about its policies for non-payment.
The operator of this website facilitates connecting consumers interested in obtaining short-term, small-dollar loans in amounts between $100 and $1,000 with independent lenders participating in a third party lender network. The registration information submitted by you on this website will be shared with one or more such lenders. By submitting your registration information, you authorize such lenders and their agents to contact you via email, telephone, and/or mobile device (including by automated dialing and/or artificial/pre-recorded voice, and notwithstanding that your contact details may be listed on a federal, state, or corporate do-not-contact list or the like) to assist with your inquiry, to fulfill your short-term, small-dollar loan request, and to share offers and promotions or information about additional products and services in which you might be interested. The operator of this website cannot guarantee loan amount availability or loan approval. The operator of this website is neither a lender nor a loan provider; nor is it an agent, representative, or broker thereof. This website does not constitute an offer or solicitation to lend.
Not all lenders can provide up to $1,000. Participating lenders may perform credit checks with credit reporting bureaus or obtain consumer reports through alternative providers. Cash transfer times may vary between lenders, and may depend upon your financial institution. Some faxing may be necessary. The operator of this website does not charge you a fee for any service or product; any compensation received is paid by participating lenders, and only for advertising services provided. The operator of this website does not recommend or endorse the products or services of any lender. This service is not available in all states, and the states serviced by this website may change from time to time, without notice. Residents of some states may not be eligible for some or all short-term, small-dollar loans. You are responsible for complying with all short-term, small-dollar loan statutory obligations in your state of residence. This service and offer are void where prohibited. Do not wire money via any corporate money transfer service in connection with a purported loan offer. Wired money transfers are nearly impossible to reverse or trace.