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What is a payday loan? A payday loan works much like a cash advance, enabling you to borrow a percentage of your next paycheck. Unlike bank loans, there are no credit checks or lengthy repayment plans.
What are the requirements to obtain a payday loan? Qualifying for a payday loan is easy. All you need to have is proof that you are over 18, US citizenship, proof of employment, an income greater than 800 dollars a month, and a bank account, preferably with direct deposit.
How long will it take for me to receive my money? Most payday lenders will deposit the funds into your account the next business day. Some lenders, however, are able to deposit funds the same day, even in as little as an hour.
Is there a fee to apply for a payday loan? MyCashGo does not charge a fee for applications or loan matching services.
Why do I need to input my bank account information? Your bank account information is used to deposit your loan. Typically, repayment is made through this account as well.
How do I sign for my payday loan? While some lenders will require faxed proof of identity or a signature, most lenders will present an electronic loan document. You will be asked to sign using your keyboard. When you have completed this step, your loan is ready to be deposited.
What if I have bad credit- will I still qualify for a loan? Absolutely! Many people with poor credit or no credit utilize payday loans as a chosen way to easily access needed cash.
How do I repay the loan? The terms of your loan will be written on your loan agreement. Make certain that you read the agreement carefully and that you write down the contact information of your lender.
Why don’t payday loans require good credit? Payday lenders are not banks and do not require lengthy repayment plans and repayment comes directly from your paycheck. Your payday lender will never look at a copy of your credit report before making a decision.
What happens to my data if I do not qualify? Your information will be safely stored on our site. Once your application is complete, you will receive your own login that is able to be used to apply for payday loans in the future.
Can I contact CashGo if I have a question about my loan? MyCashGo is a payday loan matching service. As such, while we can respond to requests about problems with our website you will need to contact your specific lender for questions about your loan.
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