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PAYCHECK ADVANCE FAQ's

What is a paycheck advance?
How does Paycheck Advance work?
How much can I receive from a paycheck advance?
How do I receive the money and how do I repay the advance?
May I pay back my Paycheck Advance early?
How much does a paycheck advance cost?
Do you offer discounts?
How long is the Paycheck Advance for?
How soon can I receive the money?
Are paycheck advance's secure?
What is ACH?
Will I be approved?
Do you require collateral?
What are the minimum requirements for approval?
Can I extend the advance for repayment of the Paycheck Advance?
Can I still qualify for a paycheck advance if I have no credit history, poor credit or a bankruptcy?
How much money will be withdrawn and how can I be assured that the amount to be withdrawn from my personal account will be the amount agreed upon.
How often can I receive an advance?
Can I receive more than one advance at a time?
If I have a paycheck advance from another company am I still eligible to receive a paycheck advance from you
Is it mandatory to have direct deposit to receive a paycheck advance?
What will happen if I default on my advance?


What is a paycheck advance?
Paycheck Advance loans are small, short-term (14 days or less) cash advance loans made to a borrower. Typically, a borrower writes a personal check for $100-$300, plus a fee. We agree hold the check until the borrower's next payday, usually one week to two weeks later, only then will the check be deposited. In return, the borrower gets cash immediately.
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How does Paycheck Advance work?
You feel out our easy online application then once approved, we will fax you an agreement and authorization from that will allow us to disburse the funds electronically directly to your personal account and electronically debit your personal account for amount of the payday advance and payday advance fee. It is free to apply.
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How much can I receive from a paycheck advance?
The paycheck advance can be between $75.00 and $245.00
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How do I receive the money and how do repay the advance?
You authorize us to electronically transfer funds directly into your personal account, and to collect the amount advanced to you along with and fees on a predetermined date.
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May I pay back my Paycheck Advance early?
Yes, you may payback your paycheck advance at anytime before the due date. There is no discount or penalty for an early pay back.
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How much does a paycheck advance cost?
The advance fee is 15% of the advanced amount. Therefore if you request $85.00 then the payback would be $100.00.
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Do you offer discounts?
Yes, After you pay off your tenth Paycheck Advance, your next Paycheck Advance is FREE. (Not to exceed that highest amount previously borrowed).
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How long is the Paycheck Advance for?
A paycheck advance is due based upon your next paycheck date. Not to exceed 14 days.
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How soon can I receive the money?
Once we receive your application and necessary documents, it usually takes 30-60 minutes to process the application. With approval we will transfer the funds immediately so you will have the money available the very next business day. Applications received on Friday, funds will arrive on Monday. Application received during the weekend will be processed on Monday and funds will be available on Tuesday. If an application is received on a National Holiday (our holiday schedule) then the application will be processed the next business day.
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Are paycheck advances secure?
Yes, we use a 128 bit encryption (The highest encryption available with the Internet Explorer and Netscape Navigator) to make sure your transactions are secure.
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What is ACH?
ACH (Automatic Clearing House), is the electronic system setup by banks to transfer funds between themselves.
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Will I be approved?
Most people are approved unless they have returned checks, or they have not been employed for at least three months at the same company, or if they have other outstanding advances.
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Do you require collateral?
No, we do not require any collateral.
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What are the minimum requirements for approval?
You must be at least 18 years of age.
You must have been full time employed with the same employer for at least 3 months or show other verifiable steady income. No self employment, no independent contractors, not employed by a temporary employment agency.
A minimum of $1000.00 net income (take home) each month.
No outstanding paycheck advances.
You must have a checking account.
You must have working home phone number.
You must have access to a fax machine.

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Can I extend the advance for repayment of the Paycheck Advance?
No. You must pay the first advance in full before we issue a new advance. Upon obtaining confirmation from your bank that your previous advance payment has cleared, then you may request another advance.
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Can I still qualify for a paycheck advance if I have no credit history, poor credit or a bankruptcy?
Yes, We do not check your credit with the credit bureau's. However, we do check with Tele-Track, TeleCheck and SCAN which are NSF check reporting services. Many of our customers have had credit difficulties in the past. If you had a bankruptcy and it has been discharged and meet our minimum requirements you can receive a paycheck advance.
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How much money will be withdrawn and how can I be assured that the amount to be withdrawn from my personal account will be the amount agreed upon?
The full amount due will be withdrawn, unless you make a payment before the due date. For example if the advance is $85.00 and the fee is $15.00 then we will withdraw $100.00. We will provide to you in writing the amount to be withdrawn in our Deferred Deposit Agreement. We are authorized to use the Federal Reserve Wiring System. We must abide by the Federal Reserve rules. Therefore, the amount withdrawn from your personal account will be the exact amount that you authorized us to withdraw.
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How often can I receive an advance?
If you are a customer in good standing, you can receive an advance whenever you like, as long as you do not currently have a paycheck advance outstanding.
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Can I receive more than one advance at a time?
No, you may only have one advance at a time. Upon obtaining confirmation from your bank that your previous advance payment has cleared, then you may request another advance.
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If I have a paycheck advance from another company am I still eligible to receive a paycheck advance from you?
No, you need to pay off your previous paycheck advance before you can receive new paycheck advance.
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Is it mandatory to have direct deposit to receive a paycheck advance?
No, it is not mandatory. If you have been employed with the same employer for at least 12 months then you may still qualify for a Paycheck Advance.
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What will happen if I default on my advance?
DO NOT DEFAULT!!! We would not stay in business if our customers did not honor their agreements. We reserve the right to collect delinquent payday advances using all legal remedies available including but not limited to legal debt collection and civil court action. Our legal department will pursue all legal remedies. You will be charged a $15.00 Non-Sufficient Funds fee each NSF item. Your borrowing privileges will be terminated with Paycheck Advance. Information will be turned over to Scan and Tele-Track services and your check writing privileges will be terminated! Also, the information will also be turned over to the credit bureau's delinquent account division.
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This service does not constitute an offer or solicitation for short term loans in all states. This service may or may not be available in your particular state. The states this site services may change from time to time without notice. All aspects and transaction on this site, will be deemed to have taken place in our local facilities, regardless of where you may be viewing or accessing this site. Borrower is responsible for complying with any local statutory obligations that may exist in their state or area with respect to any transactions with Paycheck Advance. A Paycheck advance loan should be used for short-term financial needs only, not as a long-term financial solution. Customers with credit difficulties should seek credit counseling.
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