What is a payday advance?

A payday advance< is a short term cash advance. Payday advances are meant to help you if you ever get in a financial bind. When you take out a payday advance you agree to pay a $25 fee on every $100 you take out. That means if you take out a $200 payday advance then you will be paying back $250, or if you take out a $300 payday advance then you will be paying back $375. First time customers are allowed to take out up to a $300 payday advance and all first time customers get their first payday advance for free.

How do I get a payday advance?

In order to be eligible for a payday advance you need to meet some requirements which include: an active checking account that has been open for a minimum of 90 days, a net monthly income of at least $1000, and you must be currently employed and have been at your present job for at least 3 months. If you meet these requirements for a payday advance, the next step is to fill out an online application, sign the contract, and fax or email a copy of your most recent monthly bank statement. If you are approved before 4pm Eastern Standard Time, Monday through Friday, you will receive the payday advance the following business day.

When do I have to pay back my payday advance?

A payday advance is meant to be paid back in two weeks, however you can extend the due date on your payday advance as many times as you would like by paying the minimum service charge. In order to extend your payday advance you must submit a payment request to pay the minimum service charge online. If you are a first time payday advance customer your first loan is free when you submit your payment request.