FAQs

Payday loans are a fast and easy way to borrow money, allowing you to obtain short-term cash to help meet emergency expenses. Such loans can be very useful in avoiding overdraft fees, missed bills, and late payments which can seriously harm your credit. It is important to know that other types of loans may be more appropriate for your circumstances. For example, it is generally cheaper to use a credit card for emergencies instead of payday loans (unless the credit card is over its limit).

The benefit is money FAST – right when you need it. The fees and interest of payday loans may also be preferable to that of high late fees from credit cards, or mortgage payments.

Security is very important whenever you’re dealing with financial and personal information. This site uses 128-bit encryption for all online forms and applications. At the bottom of your browser page, you should see a small lock icon – this means the page is encrypted. Data you submit with us is extremely safe, and cannot be accessed or viewed by third parties. All material is confidential and your personal information will not be given or sold to anyone (however, it is provided to the lenders who process your application).

You are eligible for a payday loan if you meet the following qualifications: Are a US citizen or legal resident Are 18 years old or more Have at least 3 months of history with your current job Have a checking account in which to put the money Receive an income of at least $800 per month after taxes How big of a loan can I get? Your loan limit is usually determined by state law. Beyond state law, the lender will base your loan on your salary and ability to pay the loan back. You will not receive more than can be reasonably expected to be paid back. The maximum amount for payday loans tends to be $1,000.

After you submit your application, a lender will review it immediately and, if approved, you can receive your money in couple days.

After you are approved, you will receive an email which confirms the approval. Your money will be deposited into the account you specified on your application. You then simply go to your bank and make a withdrawal just like normal.

Collateral is not required for payday loans and your credit rating is not examined for a basic payday loan. The lender uses your record of work and expected future paychecks as the assurance that you will pay back the money.

Definitely! CashMeHappy.com will never examine your credit score on any application. Even if you’ve been turned down by other lenders for bad credit, you can still qualify for a payday loan from CashMeHappy.com as long as you earn a steady monthly income.

The application on our site is secured with 128-bit SSL encryption for the security of data transferred to and from our site.

When your lender approves your payday loan, your lender will send you an email alert verifying your approval.

CashMeHappy.com’s no fax online application is completely free. We will never charge you an application fee.

Absolutely not. Your application is not a loan contract, it simply indicates your interest for more information. A lender representative will contact you to discuss any questions or concerns you might have, and you are free to withdraw your application at any time.

Lending periods are subject to state payday loan laws, but typically last between 8 to 25 days depending on the timing of your next scheduled paycheck.

The number of payday loans an individual can have active throughout the year varies depending on your state’s small loan regulations. Some states limit consumers to 4 payday loans in one year, while other states place no restrictions on the number of loans a person can take out. CashMeHappy.com reminds our customers to always borrow responsibly. If you find yourself in serious financial need, you may need more help than our payday loans can offer. Always assess your financial health and choose the service that best addresses your situation.

Most customers repay their loans in full when they come due at the end of the lending period. Your lender may also give you the option to pay the financing fee on the due date and renew the payday loan for another term, additional fees may apply. The ability to rollover may be limited by state law.

We ask for your social security number and driver’s license identification to verify that you’re the actual person applying for the loan, and not someone trying to use your name and information fraudulently. We require banking information so your lender can deposit your cash directly into your account and to make sure your money is sent to the right account.

Since repayment information varies by lender, and we do not provide payday loans directly, you will need to contact your lender directly to find out what you should do in the event you are unable to repay your loan on time. In some cases your lender may give you the option to pay the financing fee on the due date and renew the payday loan for another term, additional fees may apply. The ability to rollover may be limited by state law.

We support responsible online lending practices and we do not allow military personnel, military dependents or anyone who is under the age of 18 to submit applications on our website. Also, applicants must receive an income of at least $800 per month after taxes to have their application processed on our site. We encourage all of our visitors to do due diligence before accepting the terms of any loans they are presented.

Why You Need Payday loan?

Emergency is something that comes without any notification. With the current economy it is now impossible to have a salary that can last up to the next pay day. There are some urgent situations which require some immediate cash. This can be much worrying if you have not saved any money in your bank account. There is no need to worry anymore since it is fast to apply for a payday loan. What you need to know is what these loans are and how effective they are. It is therefore good to understand how they work and the expenses they attract among other details.

These loans are short term loans and appropriate for emergencies only. They are mostly suitable when you urgently need money to pay in a later date. In many cases payday loans are intended for emergencies and not for long term problems. The application process is very simple since all that is required is to fill out a form and wait for a while for verification. The process of acquiring payday loan is very efficient and very fast. It is even faster when applying online. Online application has made the loan product available to a larger population. Due to how fast the process is, the loan is also referred to as immediate loan, cash loan or an urgent loan.

For your application to go through, there are a few qualifications that you required to meet. The qualifications are straight forward giving you a high possibility of being granted the money you need. The normal things you may be required to fill in the application form should be accurate. Giving inaccurate information will make your application fail. Nationality, age, a secure job or a stable business are some of the qualifications that are checked on your application form. The requirements facilitate a smooth process when borrowing a loan. Other requirements that may be needed include credit score and other individual requirements. All the personal information given is secure and well protected and only used for intended purposes.

Applying for payday loans is very easy since they do not require a long process. This is the only type of loan that you can get within minutes after application. The process is very fast and even faster through online application. Applying the loan online is simple and very fast since you can apply at home. Online application has the loans easily accessible by many people. There is no paperwork such as faxing or scanning of documents during the process. Through online application it is even possible to submit your forms 24hrs a day and all days of the month. All you need is a computer or a laptop with internet connection.

Since the payday loan is mainly online, the steps to follow in the website are very simple. The websites have enough information about the loans and all terms and conditions can be viewed by anyone. This makes the process very fast. In the website you will also get a chance to speak to customer service agents. The customer service operates twenty four hours a day. This means you can send an email or call any time of the day. The response is always guaranteed and on time.

Many lenders do not require credit checks, this means you can even qualify even with a bad credit. Security is not required when applying for a payday loan. So if you fail to pay you cannot lose your car or your house. Payday loans are examples of unsecured loans with understandable repayment period. Many lenders give a repayment period of ten to fifteen days. This is a good period for any one to receive the next pay slip.

Understanding payday loans and how they work is important. This helps you make a good decision when applying for the loans. Since there are some circumstances that call for fast cash, it is good to have the information. There are some emergencies that cannot wait such as hospital bills and you may not have ready cash. It is in such emergency situations that payday loan comes in to help. If you are in need of payday loans go online to get more help.

FAQs

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Why You Need Payday loan?