Here are some frequently asked questions on payday loans we here from consumers and people that just want to learn more about payday loans and cash advances.
What is a payday loan?
A payday loan is an emergency short term loan for consumers when no other loan options are available.
What are the minimum age requirements to get a payday loan?
You must be at least 18 years of age and be a US citizen
What is the minimum income requirement to get a cash advance?
To qualify the borrower needs to earn at least $800 a month if on liability or $1000 a month in regular income after taxes.
How many cash advances can I get at one time?
The most outstanding cash advances you can have is two.
Do I need to fax any documents?
No document faxing at all, in rare cases you may need to fax a document if information presented in your application is inaccurate.
Is there an application fee?
There is never an application when you apply for a loan with Preferredpayday.com
How can I get an extension on my loan?
Refer to the paperwork you received with your loan to apply for an extension. It is recommended you pre plan and request your extension a few days before your loan is due.