Payday Loans - Frequently Asked Questions
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What are payday loans?
This type of loan is also known as a paycheck loan, payday advance and payday cash loan. These are very short-term, generally from 7 to 21 days, loans that use your next paycheck as collateral. Payday loans are usually in amounts from $100 to $500, though many payday lenders will lend cash amounts of up to $1,000 or even $1,500. For many of our customers, a payday loan is the fastest and easiest way to get quick cash between paydays.
Simply submit an application online and your cash loan amount can be deposited electronically direct into your checking account overnight and you can repay the loan on your next paydate with an authorized automatic withdrawal.
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How do I qualify for a payday loan?
With Miami Florida Payday Loans qualification is easy. We do not perform credit checks, so even if you have no credit, bad credit or a past bankruptcy you can still qualify for a payday loan. The basic requirements are:
- You are currently employed or you receive a regularly recurring income;
- Your take home pay is not less than $1,000 per month; and,
- You have direct deposit on your checking account.
Could it be any easier to apply for a payday loan?
Will bad credit or a bankruptcy hurt me?
Miami Florida Payday Loans does not perform credit checks on the loans.
How soon before I get approved?
Customers typically receive notification of approval for their payday cash loan within a couple of hours of applying and the payday loan is received by way of electronic transfer into their bank account overnight.
Is there an application fee?
We at Miami Florida Payday Loans will never charge you an application fee. Our services are free of charge to you.
Do I require direct deposit?
Yes. Your payday loan may only be processes if your paycheck is deposited directly into your bank account.
What about collateral for the payday loan?
The only collateral that you need for your online payday cash loan is your job and your paycheck.
Is it safe to apply online for a payday loan?
Definitely! For further information on security issues please visit our page on security.
Miami Florida Payday Loans.
e-Mail: customerservice@miamifloridapaydayloans.com
miamifloridapaydayloans .com
2007 - 2010
