Fast Pay Day Loans

What Is A Pay Day Loan?

A payday loan sometimes referred to as cash advances is a small, short-term unsecured loan, regardless of whether repayment of loans is linked to a borrower's payday. Payday loans rely on a client having previous payroll and employment records. For you to be eligible for a payday loan, you must prove that you are capable of affording to pay the loan without any problem.
Fast Payday Loans

Bad Credit Not A Problem

Payday loans are not like mortgage or auto loans. They’re unsecured personal loans for small amounts for people in need of temporary financial assistance. We open our doors to clients with bad or no credit history. In most cases, payday loans are based on income and other criteria. However when clients borrow large amounts then payday lenders may decide to use your credit report to make a lending decision.

Failure To Make Timely Payments.

Failure to make a timely payment on your loancan have several consequences, including the following:
  • Financial Implications. If you do not make payments within the specified time you may be assessed a late fee if you fail to make your payment by a specified period following its due date. A client may be assessed with a returned item charge if any check or electronic payment we submit on your behalf is returned unpaid. All this is made known to you before getting this loan so that in case you default you will be aware of the charges.
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  • Collection activity. We may attempt to collect any negligent amount through our standard collection practices, which include contacting you by phone, mail, SMS or email. If we are unable to collect any delinquent amount you may have with us through such actions, we may also sell our debt to a third party debt buyer or engage a collection agency, who may also institute collection activity with you.
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  • Impact on Your Credit Score. We uphold customer confidentiality and therefore do not currently report loan activity to any of the three major credit bureaus. Failure to make timely payment on your loan may reduce your score with other loaning agencies that are in contact with us, and prevent you from receiving credit or other services from a provider that uses such agencies.If you have an outstanding unpaid loan your credit report will display “Payment default” that will have an adverse effect on your credit report.
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  • Renewal of your Loan. At our loaning company we do not automatically renew any of our loans. When you want to renew your loan, you may obtain a refinance or renewal of your loan by logging in to your account prior to your due date of paying the loan and apply for a renewal or refinance. The moment we get a confirmation of your full repayment of your previous loan you will be eligible to apply for a new loan immediately.