Frequently Asked Questions

We have compiled, below, the most popular questions about how the online loan industry works, and on how you can obtain a short term loan or an online personal loan. We have also answered each of these questions explicitly. However, if the answer you seek is not here, kindly reach us via any of our communication channels; check our Contact Us page. Due to restricted access to the information on specific loans or offers, we cannot offer answers to questions about them. Instead, send your questions to your specific lenders. We will endeavor to reply to all inquiries within 48 hours of receiving them.

What are short term loans?

A sum of small cash, usually between $100 and $1,000, which is accessible to customers going through financial emergencies is called a short term loan. Applicants usually get the funds the business day that follows the approval of their application for one.

How do I qualify for a short term loan?

It doesn’t matter if you have had unsuccessful applications with credit card companies and banks before, you can still submit your information through our online platform and get matched with a suitable lender. However, the general requirements include;

  • 18 years old or older;
  • Be a legal resident of the United States;
  • 90-day employment period (or longer) with the same employer;
  • A functional bank account that is not overdrawn at the moment;
  • A functional telephone number and email address;
  • Meet minimum income requirements.

What is the highest I can get for a short term loan?

The exact amount you get depends on some factors like the terms offered by lenders, your state of residence, and your personal financial conditions. However, the highest amount is $1,000.

How will I get the money?

Usually, on approval of a loan application, the lender deposits the funds into the bank account you submitted on the business day that follows the approval.

Will bad credit disqualify me?

The lender, as part of the qualification process, may perform a credit check. However, not having a credit or having bad credit doesn’t affect your chances of getting your short term loan or an online personal loan request approved. The priority is that you meet the basic requirements, anything after this is due to chance.

How much time does the whole process take?

You can be done with the entire process in just a business day. You start by filling out the two-minute online form on our website, and on submission, we forward it to all lenders on our network who offers short term and online personal loans. Once we have a lender that is willing and ready to offer such a loan, according to your requirements, we will connect you with them. The loan details will be sent to you for your review and final approval. Providing your electronic signature indicates your approval, and this will enable the lender to deposit the funds into your bank account, most likely on the following business day.

Will I be asked to fax any information?

If you are working with a particular lender for the first time, you may be asked to send in some information that will facilitate verification, including paycheck stubs or statements. If you do not have a fax machine in such events, check your local public library or UPS store, they offer affordable fax services.

How much do I have to pay for the service?

We charge nothing for the connecting service, and you can submit your information as many times as you want. You are also free to terminate your registration on the site at any time before you complete the filling-in process and the eventual submission of the form.

The lender determines the overall costs of getting a short term online loan, and this is in line with the regulations in your state of residence. All services provided by are absolutely free. Before approving any loan offer, ensure to review it properly and verify the associated rates and fees, alongside the late fees or interests for late payments. Your lender must provide such information in details.

Short term loans’ APRs are higher compared to those of other credit forms. Considering that the repayment period for these loans is short, they are highly competitive with the rates associated with other credit forms, overdraft fees, and bounced checks, so far they are repaid on time.

Can I get more than one short term loans?

Yes, you can. However, it depends on if your state regulations allow such. If your state allows consecutive loans, you are required to submit all information about all other loans during application. Your lender may also perform a credit check in such instances, to verify the information presented on your previous loans. Your loan agreement will contain all the details, or you may contact your lender directly.

What is the repayment process like?

You can find the specific terms for the repayment of your loan in the loan agreement, depending on your unique circumstance and your lender’s preference. Repayment is easier if you chose the option of a direct withdrawal at the point of closing the contract. This allows the repayment to be initiated and completed electronically. Most times, all that is required is for you to make the amount repayable available for withdrawal on the stipulated repayment date. The amount repayable is a sum of the amount of the loan and other applicable fees and interest. This paperless arrangement removes the need to be physically present at a retail location, thus making payment faster and easier.

What are the implications of late payment?

The best is to avoid late payment. Whenever you feel that your payment will be late, ensure to contact your lender before time to try to avoid extra charges and other penalties. There are limits to how much the lenders can charge as late fees, according to your state of residence. Always ensure that the late payment fees and other penalties your lender demands are in line with these limits.

How safe is my information?

We guarantee the safety of all information submitted on, courtesy of our top-rated security technology, plus physical protocols designed to keep information secured as they are transmitted through and stored on our servers. We only use your information to help you get the products and services you demanded, and to furnish you with beneficial offers from third-party lenders. You can get more information on the collection, use, distribution and protection of information in our Privacy Policy section.

What happens if I fail to repay my short term loan?

The lenders are empowered to use any legally acceptable method to reclaim the loan on your failure to repay. Although you may be turned into collection agencies, most lenders prefer in-house collection methods. However, you will never be subjected to criminal charges because of your inability to repay. If you are unable to repay your loan, endeavor to get in touch with your lender as soon as possible. This will reduce the damage, and help you to avoid high compensation fees.

How many extensions on my short term loan am I eligible for?

You will most likely get an extension on your loan in the event of your failure to repay as stipulated in the original agreement. How many extensions you get depends on your state of residence and your lender. Note that extensions come with higher fees and interests. Endeavor to direct all inquiries relating to a short term or online personal loan, or an offer provided by your lender, to the appropriate customer department of your lender. You will be provided with the lender's contact information during the exchange of information for the loan processing, and have all the details in your loan agreement if you decide to close the deal.