What is a payday loan or a cash advance?
Quick cash for a short term loan of between $50 and $1500 that you pay back on your next payday.
What do I need to apply for a payday loan?
You need to be employed and have an active checking account.
How much can I borrow?
In most cases, our loans range from $100 - $1500, depending on the laws of your state.
Can I qualify?
Most lenders qualify you if you:
* Currently have a job (or receive regular income)
* Make at least $1000 per month
* Are 18 years of age or older and a U.S. citizen
* Have a checking account.
What can I use my payday loan for?
Use your money for whatever purpose you wish.
Do I need direct deposit?
Yes. Direct deposit ensures that you receive your funds as quickly as possible and that we are able to receive your repayment amount.
How often can I apply for a loan?
You can apply for a loan as frequently as you like, but no more than several at once.
When I will receive my payday loan?
Your application will be processed within 30 minutes, once it has been received. When approved, you will receive your loan on the next business day on your bank account.
What hours is your service available?
We accept applications 24 hours a day, every day of the year.
How long is a typical payday loan period?
30 days is usually the maximum length of a payday loan period, time of your their next paycheck.
Is my loan confidential?
Yes.
How long do I have to pay back the loan?
Your loan is normally due on your next paycheck.
Once matched with a lender, you will be directed to your lenders loan documents.
Please contact your lender directly if you have repayment questions.
What if I do not get approved by the lender you matched me with?
Loan-Wiz.com works with a vast network of payday loan 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, payday lenders utilize proprietary criteria to evaluate applicants and may not approve all accepted applicants.
Loan-Wiz.com is 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.
If you do not get approved for a loan with the lender you were assigned to, you may re-apply by going to the Returning Customers link on this website. We will attempt to match you with another lender.
What if my application is not matched with a lender?
Loan Wiz 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.
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.
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.
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.
What if I have a fixed income or benefits?
As long as you have a steady stream of income, our lenders may be able to provide a loan to you.
What if I do not have a driver’s license or state ID?
If you do not have a driver’s license or a state ID, please enter your passport number or social security number.
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