FAQs

Questions?

1. What exactly is a payday loan?

2. What are the requirements for a loan?

3. How do I get a payday loan?

4. How long do I have to pay back the loan?

5. How do I receive my cash?

6. How quickly can I get my money?

7. What hours is your service available?

8. How do bank holidays affect my loan?

9. How much money can I have advanced to me?

10. What are the loan fees for the cash advance?

11. What if I do not get approved by the lender

you matched me with?

12. What if my application is not matched with a

lender?

13. What if I only have a savings account?

14. What if I have a fixed income or benefits?

15. What if I do not have a driver’s license or

state ID?

16. Does your company do credit checks?

17. Do I need to fax any information?

18. I am ready to get a payday loan / cash advance!

Where do I go to apply?

What exactly is a payday

loan?

A payday loan is a small unsecured loan, usually for $100 to $1000,

which is designed to meet your financial needs until your next payday.

Essentially, you are making out a check for the advanced loan amount,

plus a fee, to be held until your next payday.

Payday loans are also known as cash advance, short term loans,

payday advances, cash loans, fast cash, fast loans, bad credit loans,

deferred deposit, and a number of other things. No matter what you call

them, payday loans can get you through your financial crisis.

Fix-My-Money.com is here to help you find a payday loan lender. We

present your completed application to our vast network of lenders in

order to find a lender that is most likely to approve your loan. By

searching for a payday loan through Fix-My-Money.com, you can be sure

that your application has been reviewed by the leaders in the payday

loan industry.

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What are the

requirements for a loan?

The minimum requirements for a payday loan are:

* You must be at least 18 years of age

* Have a job (or other regular source of income)

* You must have an active open bank account

To be approved for a loan, you need to meet the requirements of

the specific lender with whom you are connected. The lender will

evaluate your application and determine whether you are eligible based

on its own set of approval criteria. Factors such as income, direct

deposit of your pay, past payday loan history and state of residence,

may affect the approval of your loan.

If your application is accepted by a lender, your assigned lender

may contact you directly and ask for additional information in order to

approve the application. Payday lenders utilize proprietary criteria

to evaluate applicants and will approve your loan when your application

matches their criteria.

In order to increase your chances of getting matched with a lender

and ultimately approved for a loan, please be sure to fill out our

application with honest verifiable information. For example, entering a

cell phone number instead of a home phone makes it more difficult to

verify your information and many lenders will not accept applications

that cannot be verified.

We do our best to find a lender for you, but unfortunately there’s no

guarantee that your loan application will be accepted.

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How do I get a payday loan?

Simply complete the online application and submit it from our web

site and we will attempt to connect you to a lender online within

seconds.

If you are matched with a lender, you may be a required to

electronically sign and agree to the terms of the loan. However, there

is no obligation to accept the loan. If you are not satisfied with the

terms of the loan, simply do not sign it, and apply again to find a

different lender.

Typically the proceeds of your loan will be electronically deposited

into your bank account by the lender the next business day. You will

typically have the ability to choose the payment option that works best

for you. All payments are processed by your lender by electronic

transfer from your bank account.

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How long do I have to pay

back the loan?

Your loan is normally due on your next pay date. However, most

lenders will allow you to extend your loan by paying a fee.

Once matched with a lender, you will be directed to your

lenders loan documents. Here you will find specific instructions as to

what happens when your loan is due. You typically have the following

options:

* Do nothing and your loan will auto-finance

* Pay off the loan in full

* Renew the loan and pay interest and fees only

* Renew the loan and pay interest and part of the principal

Please contact your lender directly if you have repayment

questions.

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How do I receive my

cash?

The payday loan / cash advance is wired directly into your bank

account by your lender. Payday In Hour works with a network of lenders,

some of which can have money in your bank account in as little as 1

hour!

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How quickly can I get

my money?

Payday lenders typically process the loan immediately so that it will

be available in your account the following business day after the loan

is approved. Some lenders can wire the money to your bank account

immediately. If you apply on a weekend or holiday, the money will be

sent to you by your lender the next business day.

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What hours is your service

available?

We accept applications 24 hours a day, every day of the year.

However, once your application is provided to a lender,

sometimes its procedures require additional verification which can only

be done during normal business hours. Please keep in mind that the

lenders can only electronically deposit money to your bank account on

days when your bank is open.

You can submit your loan application to us at any time 24

hours a day 7 days a week. However, since we only match you with lenders

who are available to help you in real time you may be more likely to

find a lender during normal business hours (Mon-Fri 8 am – 5 pm EST)

since not all lenders operate on weekends and holidays.

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How do bank holidays

affect my loan?

The following bank holidays are observed by Federal Banks and their

branches:

New Years Day

Martin Luther King, Jr. Day

Presidents Day

Memorial Day

Independence Day

Labor Day

Columbus Day

Veterans Day

Thanksgiving Day

Christmas Day

For holidays that fall on Saturday, Federal Reserve Banks and

branches are open the preceding Friday. For holidays that fall on

Sunday, Federal Reserve Banks and branches are closed the following

Monday.

If your loan is approved on a weekend or bank holiday, typically your

funds will be sent the next business day. You should contact the

lender directly to confirm when the money will be deposited and the ACH

department of your bank to verify that the funds have been credited to

your account.

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How much money can I

have advanced to me?

Fix-My-Money.com will help you get up to $1000, based upon the

information that you provide to us on the loan application. Your lender

may offer you a smaller loan until you establish a payment history with

them.

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What are the loan fees for

the cash advance?

Fix-My-Money.com works with a network of lenders whose cash advance

fees are among the lowest in the payday loan industry. The fees will

vary depending on which lender you are matched with.

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What if I do not

get approved by the lender you matched me with?

Fix-My-Money.com works with a vast network of payday loan lenders;

however, we cannot guarantee that you will receive the loan you need.

We do our best to match your application with a lender likely to

provide you with a loan. However, payday lenders utilize proprietary

criteria to evaluate applicants and may not approve all accepted

applicants.

Fix-My-Money.com is not involved in the loan approval process and

therefore we do not have knowledge of the status of your loan. Please

contact your lender directly for loan approval status.

If you do not get approved for a loan with the lender you were

assigned to, you may re-apply by going to the Returning Customers link

on this website. We will attempt to match you with another lender.

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What if my

application is not matched with a lender?

Fix-My-Money.com works with a vast network of payday loan lenders;

however, we cannot guarantee that we can find a lender for you. If you

are not matched with a lender, here are a few suggestions to improve

your chances if you chose to re-apply:

* Time of Day: Many lenders do not accept

applications outside of normal business hours. You may want to re-apply

during regular business hours – Monday through Friday 8 AM to 5 PM EST.

* Direct Deposit: Many lenders favor customers whose

paycheck is directly deposited into their bank account by their

employers. If you do not have direct deposit, please ask your employer

to enroll you in their direct deposit program and then come back and

re-apply.

* Outstanding Payday Loans: Many lenders will not

issue payday loans if you have too many current loans outstanding. Once

you have paid off your other loans, come back and re-apply.

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What if I only have a

savings account?

We have several lenders in our network that can lend you money even

if you only have a savings account. Please contact your bank to get the

routing number. This is needed in order to electronically transfer the

loan funds to your account.

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What if I have a

fixed income or benefits?

As long as you have a steady stream of income, our lenders may be

able to provide a loan to you. Enter your benefit provider as your

Employer. If you do not have the telephone number of your benefit

provider, enter your own telephone number. Enter the number of months

you have been receiving benefits for the Months Employed.

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What if I do not

have a driver’s license or state ID?

If you do not have a driver’s license or a state ID, please enter

your passport number or social security number.

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Does your company do credit checks?

Fix-My-Money.com is not a lender and we do not perform any type of

credit check. We try to match your application to lenders in our

network in order to find the right loan for you. Most of our lenders do

not do traditional credit checks, however, they may query various

consumer databases, such as CL Verify, TeleTrack or DataX in order to

verify your identity and review your past payday loan history.

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Do I need to fax any

information?

No, the application process does not require faxed documents.

However, your lender may ask you to fax over certain information, such

as a paystub, if they are unable to verify information in your

application.

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I am ready to get a payday

loan / cash advance! Where do I go to apply?

Great! You can go to our online loan application and sign up today!

 

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