Frequently Asked Questions

What is a cash advance loan?
What does it take to get a cash advance loan?
What is the process for getting a loan?
How long can I take out the loan?
How do I receive my money and when do I get it?
What hours is your service available?
How do bank holidays affect my loan?
How much money can I have advanced to me?
What are the loan fees for the cash advance?
What if I do not get approved by the lender you matched me with?
What if my application is not matched with a lender?
What if I only have a savings account?
What if I have a fixed income or benefits?
Does your company do credit checks?

What is a cash advance loan?

A cash advance loan is a small dollar amount, short-term loan designed to help you meet your financial needs until your next payday. In essence you are making out a check for the advanced loan amount, plus a fee, to be held until your next payday.

Cash Advances are also known as payday advance, payday loans, cash loans, fast cash, fast loans, bad credit loans, or a deferred deposit loan. The names are different but the purpose is the same, to help you meet short-term, unexpected expenses.

BestPydayAvanceOline.com was designed to help you find a short-term lender. We submit your completed application to our network of lenders designed to find a lender who is most likely to approve your loan. By searching for a payday loan through BestPydayAvanceOline.com, you can be certain that your application has been security submitted to experienced cash advance providers.

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What does it take to get a cash advance loan?

Lenders generally have the following requirements to receive a loan:

• You must be at least 18 years of age
• Have a steady source of income
• You must have an active open bank account

To be approved for a loan, you need to meet the requirements of the specific lender with whom you are connected. The lender will review your application and determine whether you are eligible based on its own set of underwriting criteria. Factors such as income, direct deposit of your income, military duty status, past cash advance loan history and state of residence, may affect the approval of your loan.

If your application is accepted by a lender, your assigned lender may contact you directly and ask for additional information in order to approve the application. Cash advance lenders utilize proprietary criteria to evaluate applicants and will approve your loan when your application matches their criteria.

In order to increase the likelihood of getting matched with a lender and ultimately approved for a loan, please be sure to fill out our application with accurate and verifiable information. For example, entering a cell phone number instead of a home phone makes it more difficult to verify your information and many lenders will not accept applications that cannot be verified. We do our best to find a lender for you, but unfortunately we cannot guarantee that your loan application will be accepted.

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What is the process for getting a loan?

By completing and submitting the online application and agreeing to the website's terms & conditions as well as our privacy policy we will attempt to connect you with a lender within seconds.

If you are matched with a lender, you may be a required to electronically sign and agree to the terms of the loan. However, there is no obligation to accept the loan. If you are not satisfied with the terms of the loan, simply do not sign it, and apply again to find a different lender.

Typically the proceeds of your loan will be electronically deposited into your bank account by the lender the next business day. You will typically have the ability to choose the payment option that works best for you. Payments are generally processed by your lender by electronic transfer from your bank account.

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How long can I take out the loan?

Your loan is normally due on your next pay date. However, most lenders, depending on the state of your residence, will allow you to extend your loan by paying a fee. Once your application is approved with a matched lender, you will be directed to their loan documents. Here you will find specific instructions as to what happens when your loan is due. Repayment options are disclosed by the matched lender. Please contact them for the exact repayment terms or questions you may have in regards to repayment.

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How do I receive my money and when do I get it?

The loan proceeds are wired directly into your bank account by your lender. We work with a network of lenders, the majority of lenders can have you money delivered to your checking or savings account the following business day after the loan is approved. In some instances, lenders can wire your loan proceeds directly to your account for immediate use. It should be noted that if you apply on a weekend or a bank holiday, the money will be send to you by your lender the next business day.

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What hours is your service available?

We accept applications 24 hours a day, every day of the year.

However, once your application is provided to a lender, sometimes its procedures require additional verification which can only be done during normal business hours. As a reminder, lenders can only electronically deposit money to your bank account on days when your bank is open. Since we try to match primarily with lenders who are available to help you in real time you may be more likely to find a lender during normal business hours during the work week, since some lenders do not operate on weekends and holidays.

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How do bank holidays affect my loan?

The following bank holidays are observed by Federal Banks and their branches:

New Years Day
Presidents Day
Independence Day
Columbus Day
Thanksgiving Day
Martin Luther King, Jr. Day
Memorial Day
Labor Day
Veterans Day
Christmas Day

For holidays that fall on Saturday, Federal Reserve Banks and branches are open the preceding Friday. For holidays that fall on Sunday, Federal Reserve Banks and branches are closed the following Monday. If your loan is approved on a weekend or bank holiday, typically your funds will be sent the next business day. You should contact the lender directly to confirm when the money will be deposited and the ACH department of your bank to verify that the funds have been credited to your account.

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How much money can I have advanced to me?

A lender we match you with will review item such as ability to repay, your income, whether you have other outstanding cash advance loans and other underwriting items.

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What are the loan fees for the cash advance?

We work with a network of lenders whose cash advance fees are some of the lowest in the payday loan industry. The fees will vary depending on the lender with which you are matched.

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What if I do not get approved by the matched lender?

We work with a network of cash advance lenders; however, we cannot guarantee that you will receive the loan you need. We do our best to match your application with a lender likely to provide you with a loan. However, many payday lenders use their own underwriting methods to evaluate applicants and in some instances do not accept certain applicants.

We are not involved in the loan approval process and therefore we do not have knowledge of the status of your loan. Please contact your lender directly for loan approval status. In the instance you do not get approved for a loan with your matched lender, you may choose to re-apply by going to the Returning Customers link on this website. The process is streamlined and quick. Once you provide this information we can resubmit your information.

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What if my application is not matched with a lender?

BestPydayAvanceOline.com works with a vast network of payday loan lenders; however, we cannot guarantee that we can find a lender for you. If you are not matched with a lender, here are a few suggestions to improve your chances if you chose to re-apply:

• Time of Day: Many lenders do not accept applications outside of normal business hours. You may want to re-apply during regular business hours – Monday through Friday 8 AM to 5 PM EST.
• Outstanding Payday Loans: Many lenders will not issue payday loans if you have too many current loans outstanding. Once you have paid off your other loans, come back and re-apply.
• Direct Deposit: Many lenders favor customers whose paycheck is directly deposited into their bank account by their employers. If you do not have direct deposit, please ask your employer to enroll you in their direct deposit program and then come back and re-apply.

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What if I only have a savings account?

We have several lenders in our network that can lend you money even if you only have a savings account. Please contact your bank to get the routing number. This is needed in order to electronically transfer the loan funds to your account.

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What if I have a fixed income or benefits?

As long as you have a steady stream of income, some of our lenders may be able to provide a loan to you. Enter your benefit provider as your Employer. If you do not have the telephone number of your benefit provider, enter your own telephone number. Enter the number of months you have been receiving benefits for the Months Employed.

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Does your company do credit checks?

BestPydayAvanceOline.com is not a lender and we do not perform any type of credit check. We try to match your application to lenders in our network in order to find the right loan for you. Most of our lenders do not do traditional credit checks, however, they may query various consumer databases, such as CL Verify, TeleTrack or DataX in order to verify your identity and review your past cash advance loan history.

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