What is a Paycheck Cash Advance?
Also known as payday loans, pay day loans or cash advances, these are very short-term personal loans collateralized against your next paycheck(s). For many of our customers it's the easiest and fastest way to get quick cash between paydays. Simply submit an online application and your loan amount can be electronically deposited into your checking account overnight, and repaid on your next paydate with an authorized automatic withdrawal.

How do I qualify for a payday loan?
Qualifying for a payday loan is easy with mysmartpaydayloan.com. Our lenders do not perform credit checks, so even if you have bad credit, no credit, or a past bankruptcy you can still qualify. These are the only requirements:

• Be currently employed or receive a regularly recurring income.
• Your take home pay is at least $1000 per month if employed or $800 per month on a fixed income.
• Your checking account uses direct deposit.

How long does it take to get approved?
Customers typically receive payday loan approval within a few hours of applying, and receive the cash advance loan amount via electronic transfer overnight!

Will my credit or bankruptcy hurt me?
No. mysmartpaydayloan.com's lenders do not perform credit checks on our payday loans.

What about collateral?
Your job and your paycheck are the only collateral you need.

Do I need direct deposit?
Yes. We can only process your payday loan if your paycheck is direct deposited.

Is there an application fee?
No, you will never be charged an application fee. Be extremely careful with lenders that try to charge an application fee for your paycheck advance loan

Are loans available in every state?
At this time we are able to lend to clients in all 50 states with the exception of Missouri, Kansas and Georgia.

How often can I get a payday loan?
mysmartpaydayloan.com is here to help anytime you need extra cash between paychecks. We encourage all our clients to keep in mind that a paycheck cash advance loan is a only short-term answer to an urgent cash need, and to use these loans responsibly. Paycheck cash advance loans should not be used repeatedly to deal with continuing budgeting issues. If you need additional help with credit, budgeting or debt management, please call the National Foundation for Credit Counseling at 1-800-388-2227.

How is my loan amount determined?
State law limits the payday advances to amounts from $100 to $500. Your actual loan amount is determined by various other factors including take home income.

What are the fees for a payday loan?
Fees are $30 for every $100 borrowed.

When is the loan amount due?
Paycheck cash advance loans are usually due when you receive your next paycheck via direct deposit. The standard time for loan repayment is usually no less than seven days and no longer than eighteen days. You may also pay back your loan early without prepayment penalties.

What if I can’t repay the payday loan in full on my due date?
We have different payment options available for our customers:
1. Paying the loan in full on the maturity date listed on your loan agreement*.
2. Paying the finance fee and a portion of the principle on or before the maturity date*.
3. Paying only the finance fee on the maturity date*.

*Some additional terms and conditions may apply. Please ask your loan consultant about all of the repayment options