Frequently
Asked
Questions
The following is a list of
the most common questions we
get about payday loans, the
lending process, or our services
in general. If you can't find
your answer here and still need
help, please contact
us!
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What is a Cash Advance,
Payday Loan, or Paycheck Loan?
Though the name varies from
person to person, cash advance,
payday loan, and paycheck loan mean the same thing. They
all provide you with an unsecured,
short-term loan until your payday.
Customers choose payday advances
to cover small, unexpected expenses
while avoiding costly bounced-check
fees and late payment penalties.
With Priority Payday Loans,
you can sign up for a payday loan search
online and be matched with a lender in no time.
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What about Qualifying?
Qualifying for a payday advance
is easier than qualifying for
traditional credit. Your
job and your paycheck act as
your collateral. You only need
to meet the following requirements:
• Currently have a job
(or receive regular income)
• Make at least $1000 per
month
• Are 18 years of age or
older and a U.S. citizen
• Have an active bank account
Additional conditions may apply based on your lender.
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Does the process take
long?
Many lenders will deposit your payday loan into your account by the next possible business day.
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What if I have a bad financial situation, NSF’s, charge-offs
or a bankruptcy?
Most lenders are willing to work with you no matter what your current financial situation looks like.
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What about collateral
to receive a loan?
Your job and your paycheck
are your collateral.
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Is my
financial information secure?
Absolutely. Our site
uses a variety of security measures
to maintain the safety of your
personal information. All sensitive
information transmitted between
your browser and our website
uses 128 bit Secure Socket Layer
(SSL) encryption technology.
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How often should I
use this service?
Whenever an immediate or urgent
need arises, Priority Payday
Loans is here to help. It is
important to remember that a
payday cash advance loan is
a short-term answer to an immediate
cash need. Payday loans are
not intended for repeated use
in supporting an on-going budget
situation from payday to payday.
Repeated use or reliance on
payday loans can create serious
financial difficulties. If you
need help with credit, budgeting
or debt management, please contact
the National Foundation for
Credit Counseling at 1-800-388-2227.
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How is the payday cash
advance loan amount determined?
State law regulates and limits
the maximum advance amount to
between $100 and $1500. Within
that range, you qualify for
a payday advance amount based
on your current income and the lender we match you with.
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How soon do I have
to pay back the loan?
Payday cash advance loans are
generally repaid back when you
receive your next paycheck.
The standard time for loan repayment
is usually no less than seven
days and no longer than eighteen
days. Your repayment options will depend on your lender.
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*Some additional
terms and conditions may apply.
Please ask your loan consultant
about all of the repayment options.
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