Frequently Asked Questions
- What is a payday loan?
- What can I use a loan for?
- What are the requirements for approval?
- How much will this cost?
- What if I have poor credit?
- How soon can I receive my cash advance?
- What documents do you require for me to fax in?
- When will I hear from you?
- How do I receive the cash, and how to I repay the loan?
- How do I know that the amount you withdraw from my account is correct?
- How are the fee amounts established?
- What is an A.P.R.?
- How do you determine the amount of money to advance me?
- Is my payday loan confidential and secure?
- How do I determine my due date?
- What happens if I don't have the funds necessary to repay you on my due date?
- Can I get an extension on my payday loan?
- Can I pay my loan back early?
- What about loan requests on Fridays or the weekends?
- In which states are you authorized to provide payday loans?
Q: What is a payday loan? Back
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A: A payday loan is a fast and confidential way to get quick cash advanced to you until your next payday.
Q: What can I use a loan for? Back
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A: You can use your payday advance for anything you want. Most people find them helpful for past due bills, unexpected car repairs, emergency expenses. Payday advances are for short term emergency cash needs.
Q: What are the requirements for approval?
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A: You must be over 18 years old
A: You must be full time employed
A: You must have an active open checking account with direct deposit from your employer
A: Your monthly take home pay needs to be over $1000
Q: How much will this cost? Back
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A: Our fee structure is among the lowest on the internet. Please call for rates.
Q: What if I have poor credit? Back
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A: Your credit is not checked! We do not require good credit and actually we specialize in helping those that have credit challenges. If you have any questions about qualifying please email us at service@1000cashovernight.com.
Q: How soon can I receive my cash advance?
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A: We can approve your application in as little as 15 seconds. If your advance request is received before 8pm EST we can deposit cash to your account the very next business day.
Q: What documents do you require for me to fax
in? Back to top
A: We are a 99% no fax payday advance company. In the rare event you need to fax follow up information we will notify you of the documentation needed only after we have exhausted our efforts to do it with out having to fax anything.
Q: When will I hear from you? Back
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A: Our goal is for us to respond to you and have your loan funded with in one hour of receiving your application. If you need an immediate response you can call the verification company at 1-877-428-5050. They will handle all the administrative duties with regards to your advance.
Q: How do I receive the cash, and how do I repay
the loan?
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A: Once we receive your final contract we are then authorized to directly deposit your advance funds right to your bank account. In that same contract you have authorized us to debit your bank account on your due date to repay the loan.
Q: How do I know that the amount you withdraw
from my account is the amount you say? Back
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A: We use a third party ACH company that must comply with the Nacha rules and regulations set by the Federal Reserve. As an International Lender we must comply with all Federal laws that govern our lending practices. The amount we withdraw from your bank account will only be the amount you have authorized us to in advance.
Q: How are the fee amounts established?
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A: We have a set fee structure that was formulated to be one of the lowest on the internet by comparing our service with our competitors. We believe that we provide superior service with extended hours and flexible terms.
Q: What is an A.P.R.? Back
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A: APR is the annualized percentage rate that expresses the cost of a loan if taken out for a long term loan. Since our payday advances are only used for short term cash emergency’s we only charge a single flat fee. Please call us for more details.
Q: How do you determine the amount of money
to advance me? Back to top
A: We base your loan amount on your ability to pay back what you were advanced. Everyone is different, but we approve the highest amount for first time borrowers on the internet. We will advance up to $1000!
Q: Is my payday loan secure and confidential?
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A: Absolutely! We use state of the art encryption technology to along with multiple secure servers to make sure your information is always safe. Your non public information is completely confidential and protected under our company privacy policy.
Q: How do I determine my due date?
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A: All advances must come due on your future pay date. If you payday is less than 4 days away we will automatically advance your due date to your next payday. Thirty days is the maximum term allowed.
Q: What happens if I don't have the funds necessary
to repay you on my due date? Back
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A: You should contact us in advance immediately if your funds will not be available to debit on your due date. Notifying us in advance can prevent all kinds of embarrassing situations and unnecessary NSF charges. We are here to help you.
Q: Can I get an extension on my payday loan?
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A: Yes. Please call us at 1-877-428-5050 in advance so we can discuss your options. You must call at least 2 days in advance to make sure we can provide the most options.
Q: Can I pay my loan back early? Back
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A: Yes. You can pay your advance off at anytime prior to the due date. Please call us at 1-877-428-5050 so we can arrange your early pay off.
Q: What about loan requests on Fridays or the
weekends?
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A: All advance request received before 7pm EST Friday will be funded Monday. All weekend request will be processed Monday and funded on Tuesday.
Q: In which state are you authorized to provide
payday loans? Back to top
A: We are able to process advance applications for all states.
