FAQsFREQUENTLY ASKED QUESTIONS
We are here to help you get cash for emergencies. If you're in need of answers about payday loans, try our explicit FAQs below. Click on the topic of interest for more information about getting a loan that can help you get the money you need.
I'm a First Time Cash Advance Borrower
What are the minimum requirements for getting a loan, cash advance, or line of credit?
There are just a few simple requirements one has to fulfill in order to receive a loan. Borrower must:
be a United States Citizen
be at least 18 years old
have a job that pays a certain amount of income
have direct deposit to a bank account
What is the process of getting a loan approved?
Getting a loan approved is extremely simple when you go with Consumer Financial Associates. Most people get cash deposited directly into their account. It is not a long process. It is just a matter of filing out a form and getting approved. Once approved, your money will be transferred to your account.
What if I have a bad credit history?
There is no need to worry if you have a bad credit history. Even people with bad credit history can get access to cash advances. Many people who would not get the chance from a traditional bank, can get cash as early as next business day. Simply by filling out a form online, one can get access to money to pay back bills.
How long does it take to get a loan, cash advance, or line of credit?
It doesn't take long to get cash. It is really a matter of filling out a form online. The form asks very basic questions. Most times, people can get cash as early as next business day.
Will I need to print or fax anything?
No. Part of the advantage of these loans is that most of the participating lenders require no papers to be printed or faxed in order to request a loan.
What is the repayment process?
The loan amount and loan fees are withdrawn from your checking account automatically on the due date of your loan by The Lender. You don't even need to think about it! You don't need to make any payments or visit any store. You can also request an extension if you need it by contacting your lender before the due date. Additional fees by The Lender do apply to loan extensions.
What happens if I am late on a payment or need to skip a payment?
Each Participating Lenders has their own policies pertaining to late payments. The Participating Lender's policy, including the additional charges you will incur, is detailed in the loan documents provided to you by your Participating Lender before you are requested to e-sign the loan. Once you have signed the Participating Lenders loan documents, you will be expected to understand and abide by the loan terms including the additional charges and/or interest if your repayment is late. If you are not able to make the payments timely, please contact your Participating Lending as soon as you are aware the loan will be late and work with them, but remember additional fees and interest may apply.
What if I don't make a payment at all?
Additional fees, and charges by The Lender may apply to you in the event that you do not repay your loan. Please remember that refusal or failure to pay may result in legal action against you by The Lender in an attempt to collect the loan amount, interest and costs of collections.
It.s important to remember that we are not a lender and do not provide lending services directly to consumers.
Is there an option to refinance an existing loan?
Loan renewal policies are largely governed by State statute. In states where rollovers or extensions are allowed, interest rates, and late fees may be added to the original loan amount and that can result in a substantial increase to the amount you will be required to payback. Again, be sure to read the Participating Lenders loan terms in carefully and thoroughly before signing the initial loan contract.