Q: What is a payday loan?

• A: A payday loan – also known as a cash advance or payday advance – allows you to borrow money against your next pay day. If you are in need of a small sum of money to hold you over until your next paycheck, a payday loan may be right for you. Instead of paying bank overdraft fees, dipping into overdraft protection or paying late fees for credit cards or rent, a payday loan can give you the money you need to take care of your expenses immediately. These loans are designed to cover short-term financial obligations, and are not intended to be a long-term financial solution.

Q: How do payday loans work?

• A: The process to get a payday loan varies a bit depending on how you choose to apply, but the main steps remain the same:

  • Step 1: Complete an application

  • Step 2: Receive a lending decision

  • Step 3: Sign your payday loan documents

  • Step 4: Receive your cash

  • Step 5: Repay your payday loan amount plus fees

Q: Can anyone get a payday loan?

• A: Anyone who meets the application requirements is eligible to apply for a payday loan, and may qualify for cash.

  • Requirements to apply for a payday loan:

    • Meet minimum age requirements in your state (18 in most states)

    • Have an open and active checking account

    • Be able to show proof of income

    • Have a valid phone number

Q: How many payday loans can I get?

• A: The number of payday loans you can get depends on your state, and on the lender you are borrowing from. See how many Quicken Cash payday loans you may be eligible to borrow in your state by visiting our rates and terms page

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Payday Loan Process

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Q: How do I get a payday loan?

• A: To get a payday loan, you must first fill out an application. Payday loan applications typically collect personal information, income information, and banking information. Once you submit your application, the lender will provide you with a lending decision letting you know how much you're approved to borrow.

• There are two easy ways to apply for a Quicken Cash payday loan.

  • Call our team of loan experts at (714) 895-0089

  • Come into your local Quicken Cash store location

Q: Where can I get a payday loan?

• Call: Our team of loan experts at (714) 895-0089

• Come in: Visit your local Quicken Cash store location

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Q: Can I get a payday loan online?

A: Yes, many payday lenders offer the ability to apply for payday loans online, including Quicken Cash. Check to see if your state offers payday loans online by visiting your state's rates and terms page.

 

Payday Loan Requirements

 

Q: What do you need to get a payday loan?

A: Payday Loan Requirements may vary from lender to lender, but typically you will need the following to apply:

• Meet minimum age requirements in your state (18 in most states)

• Have an open and active checking account

• Be able to show proof of income

• Have a valid phone number

 

Payday Loan Payments

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Q: How do I pay off my payday loan?

A: Different lenders may have different pay off options including:

Debit card payment

Cash payoff

Automatic payment from your bank account

Post-dated check

 

Q: When will my payday loan be due?

• A: Payday loans are typically due to be paid back on or around your next pay day, which will correlate with your pay cycle – whether you're paid weekly, bi-weekly, monthly, etc.

Q: How much will I owe on my due date?

• A: You will owe the principal amount (or the amount you borrowed) plus fees.

Q: What if I can’t pay on my due date?

• A: Some states put restrictions on refinancing a payday loan. However, in some states you can refinance your payday loan for another term. To refinance means that you will only pay your fees on your due date. Your principal loan amount will then roll into a new term, and you will be charged fees again.

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• Licensed by Department of Business Oversight under California`s Deferred Deposit Transactions Law