Answering Often Asked Payday Loan Questions

There are many repeated questions that get asked of online payday loan customer support representatives. The amount of new potential customers has increased as the economy continues to remain unforgiving. Those who work paycheck to paycheck or have emergency costs are finding themselves calling online payday loan companies for the first time. Many of the questions are similar and the answers are helping them get through the application process. "How can I get a payday loan?", "How do I get a payday loan?", "Is it really a no credit check loan?", "Can I get a fast cash loan online without good credit?" One of the most frequent questions pertains to the much needed cash, "When and how will I get my money?"

One important aspect to any type of borrowing money is to understand how the loan works from basic application qualifications to what kinds of fees will be charged for the service. Any responsible online company will have someone to answer those questions efficiently during operating business hours. When there is no one who answers the phone, steer clear of a potential fraudulent company.

*How do I get a payday loan? - An easy and free application is found on the company's web page. Once the company receives your application and accesses your bank statement, the information on your application will be verified. Once this is processed, you will have an approval answer. Most often, this all happens within an hour.

*Is it really a no credit check loan? - Yes! There are no inquiries to the credit bureaus for approval status. A direct payday loan lender will look at your bank statement for qualifying information. The credit bureaus will have no knowledge of your loan application, if you are approved, for how much, or how you manage your loan. The only way the credit bureaus will be aware that you had taken out a loan is if you default on it and it gets sold to a collections agency.

*Can I get a short-term loan online without good credit? - Another yes! No credit score check means that your loan is not based on any of the credit bureaus numbers. Each of the three credit bureaus can report differently and the numbers will vary, but that makes no difference with an online payday loan application.

*When and how will I get my money? - Most lenders will be able to get you your money within 24 hours on regular business days. If you apply for a loan on Friday, your money will not get to you until Monday. The money will be directly deposited through an ACH Deposit right into your bank account. There is no other leg work on your part to have access to the cash in your account. The simplicity of the transaction makes online loans a popular avenue for fast cash.