FAQ
What are your minimum requirements to apply for a payday loan?
You must be at least 18 years of age. You must have a checking account that has been open and in use for at least 90 days. You must have a minimum of $700 in payday or fixed income deposits per month.
How does LOAN CENTER work to get a payday loan?
LOAN CENTER provides short-term cash advances that are electronically deposited into your checking account. Everything from application to payment is done electronically via our web site. When your loan is due, the amount borrowed plus a service fee is debited from your checking account.
How much money can I borrow, and what are your fees?
Please see our loan amounts and fees and disclosures for more information.
When will the money be in my bank account?
If your application is approved before 4PM PST or 7PM EST on a banking day, we will transfer the money to your bank overnight, and the funds should be posted to your account the next banking day.
NOTE: The exact availablity of the funds is subject to your bank's processing schedules and policies. This chart assumes that none of the days are bank holidays. If you have any questions, please contact your bank's ACH department.
What if I cannot pay the amount owed by the due date?
If you choose not to pay your loan on the due date, you can extend the loan for an additional fee. You can extend your loan up to three times, paying only the finance charges and fees due at that time.
NOTE: After THE FIRST THREE (3) extensions you must pay (on loans up to $599.00) a minimum of $50.00 more than the fees due until the loan principal is fully repaid. On loans of $600.00 or more you must pay a minimum of $100.00 more than the fees due until the principal is fully repaid. ANY LOANS that exceed 27 days in duration, the above payment minimums on the principal are doubled.
Do I need access to a fax machine?
Yes. If you are a new customer applying for the first time, you must fax your current bank statement and a voided check before your loan application can be considered. Previous customers with Bank Statements already on file that are more than 90 days old, will need to fax a new current bank statement and voided check when they apply for another loan.
Can I apply by phone?
Yes. To have one of our friendly representatives fill out your application please call 1-888/956-2622 (888/WLOAN-22).
If you have other questions, please contact us.