How It Works

For most Americans, the economic recovery over the past few years has been slow and painful. The big financial institutions, which in the past had been a somewhat easy source of credit and personal loans, have continued to keep their stricter lending requirements with regards to extending new credit to consumers. These tougher standards were enacted by most banks and credit unions after the financial crash in 2007-2008 and they appear to be solidly locked in place.

The average American consumer faces financial hardship from many different sides. These include:

  • No emergency or retirement savings
  • Loss of equity in home (may actually owe more than the appraised value of the property)
  • Rising prices of basic necessities, such as food, clothing, and gasoline
  • Unemployment or underemployment
  • Large credit card debt
  • Little job security

All of these factors paint a fairly gloomy picture of the current state of the economy for many individuals. While not everyone has to deal with all of the above mentioned financial problems, it's clear that other forms of lending had to emerge to fill in the gap left by the traditional lenders when dealing with consumers who have less than perfect credit scores.

Payday loans have been in use for the past twenty years or so but the real growth in the industry has occurred over the past 5 or 6 years. By offering consumers an alternative type of lending, known as short term loans, the payday loan industry has helped millions of consumers get the cash they desperately need in a short amount of time and with very little paperwork. can help you, too. This website is not a lender and we don't broker loans or extend any type of credit to consumers. We simply offer a free referral service to individuals who are searching for online loan options. has access to a vast network of reputable lenders who specialize in short-term loans. These loans are specifically designed for people who are experiencing an unexpected financial emergency, such as a medical bill or an unplanned car repair.

Our only goal is to successfully match you with an appropriate payday loan lender. We have kept the loan application process simple and easy to understand. The following information will give you a good idea of what to expect when you apply for an online cash advance loan.

On our secure website you will find an application form. The first thing you will need to do is fill it out correctly and honestly. Giving verifiable information will make your loan approval process go much faster and will also avoid time-consuming delays. Most lenders will not consider an application which contains personal information that cannot be verified.

Typically, lenders will verify the information which you submit including name, address, and social security number. Most will also ask you to provide proof of income such as a recent paystub. If possible, provide at least two contact telephone numbers. This can speed up the confirmation process. Please keep in mind that it is a crime to knowingly give false information on a loan request application.

Once you have fully completed the online application, you can submit it for consideration. This website will then share your information with one or more of our trusted payday lenders. Please note that not all applicants will qualify for a payday loan and approval is never guaranteed.

While makes every effort to match you with a suitable lender, we cannot promise or guarantee that you will indeed be matched. This website simply forwards the information which you provide to various short-term lenders. We play no role in the approval process nor do we have any influence over the final decision. Every lender makes their own approval decisions based upon their specific standards and requirements.

Here are the basic requirements needed to apply for a payday loan. Most lenders follow these guidelines when considering an applicant's loan request.

  • Be at least 18 years of age
  • Be a U.S. Citizen
  • Be presently employed and have a verifiable monthly income of at least $1000
  • Have an active checking or savings account
  • Cannot be on active-duty with any branch of the U.S. Military

If you have other sources of verifiable income, such as alimony or child support, you may include them on your application.

Payday loans generally range in amounts from $100 to $1000. Research indicates that the average amount is $300. When you apply for a payday loan there is no guarantee of how much cash funds you will be approved for. Lenders generally will consider an applicant's current financial situation including income level and how much outstanding debt is owed when determining the loan amount to approve.

Almost all lenders will run a routine credit check on an applicant. However, having a bad credit history or low credit score does not automatically disqualify an applicant from being approved for a payday loan. The entire approval process normally takes about two minutes. Upon approval, the lender will transfer the loan proceeds directly to your bank account. This procedure generally is completed within 24 hours but can depend on when your loan is approved. Not all lenders offer one hour cash transfer times and if they do, this expedited service comes with an additional fee.

Here are some suggestions to make the entire loan application process go more smoothly and quickly:

  • Make sure the application form is completely filled out
  • Submit information which is verifiable and honest
  • Submit your application during normal banking hours, Monday-Friday
  • Remember that applying over a weekend or a bank holiday can delay the loan approval process and cash transfer times

Whenever you borrow money it is a serious matter. Payday loans are considered short-term loans because they are meant to be repaid within a very short period of time (two weeks). For this reason, they are meant to be used for emergency financial situations only. If you accept a payday loan, be certain that you will have the funds to fully repay your loan when it is due. Not all lenders allow extensions and many states expressly forbid them. strongly urges you to fully review and understand your loan agreement before committing to it. Lenders are legally required to fully disclose all terms and conditions of your loan to you in writing before asking you to sign a loan contract. This includes all information regarding interest rates, fees, and extensions.

Please be aware that you have no obligation to accept a payday loan offer, if approved. There is no fee involved with refusing a loan. If you have questions or concerns about the terms of your loan, you should contact your lender directly and not the owner of this website. wants to reiterate the seriousness of borrowing money. Payday loans can be a true financial lifeline when used in the correct manner. These short-term loans are specifically designed to be used for financial emergencies only. They are not meant as a solution to long-term debt problems. In truth, careless use of payday loans can make a bad financial situation worse.

We urge you to investigate other alternative sources of borrowing. These could be a cash advance from your employer, a credit card advance, or perhaps a small loan from a trusted friend or relative. Consider all of your options before committing to a payday loan.

Always borrow responsibly!