| Frequently Asked Questions / Help |
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| What is a Deffered Deposit Loan? |
| A deffered deposit loan is a short-term money advance provided until your next payday. |
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| How is the loan being repaid? |
Your checking account will be electronically debited on your loan due date.
Prepayment: If you pay your loan off before the scheduled due date, you will be charged only for the interest accrued through the day you pay in full.
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| What do I need to get a post-dated check loan? |
| You simply need a full time job, a checking account for at least 3 months, and a valid I.D. |
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| How much does a deffered deposit loan cost? |
| Our APR is 521.43%. Broken down this means you will pay $10.00 per $100.00 per week. For example, if you borrowed $200.00 for one week, the loan would cost you $20.00. See fee schedule. |
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| How soon will I get the money? |
| Money requests processed before 2:00 p.m. Monday through Thursday will result in the money being credited to your account the next day. Requests processed after 2:00 p.m. Monday through Thursday will take 2 business days before being credited to your account. Requests processed Fridays before 2:00 p.m. will be credited to your account on the following Monday. Those processed Fridays after 2:00 p.m., Saturdays and Sundays will be credited to your account on Tuesday of the following week. |
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| How much can I borrow? |
| We will loan up to 20% of your monthly take home pay (15% gross). Example: If you bring home $1,500.00 per month, we could loan you up to $300.00. |
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| Is my data safe? |
| Yes, we use SSL (secure socket layer) technology to encrypt all data transferred over the internet. When applying for a loan, watch for the https://www.loansforlessonline.com. This will tell you that the data is being encrypted. |
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