Payday Advance Outlet FAQ
Have a question about payday cash advance? We have the answer!
What is a Cash Advance, Payday Loan?
A payday loan is a short term financial solution to cover an unexpected cash flow need. 21st Century consumers use a range of financial products to assist with their monetary needs and many budget well to do so. However, we understand that there are times when small amounts of additional cash are needed whether to cover unexpected bills or to take advantage of an exciting offer for a holiday. Payday loans are designed to cover these short term needs without incurring an assortment of bank charges or bouncing checks and direct debits. A payday loan enables you to avoid all these hidden charges and pay back the loan without being caught in an unnecessarily long term credit cycle. You borrow, you pay back on payday, the loan is finished with. It is as simple as that. Taking out a payday loan is like a favor from a friend, providing help to your financial situation until payday. Dealing with us means that this loan is discreet, quick and that it will not affect your friendship!
So, what is a Payday Loan not?
A payday loan is not a long term solution to ongoing financial problems. We strongly recommend against using this product to help pay for regular credit commitments. In the case where you feel you have debt problems which you feel can not be solved by you individually, we recommend you contact the Consumer Credit Counseling Service.
Does your company do credit checks?
We do not do any kind of credit check; Applicants are approved based on the fact that they are employed and are paid by direct deposit.
What if I have poor credit?
No problem! Unlike many other financial institutions, Payday Advance Outlet will work with you.
What if I have no credit at all?
That doesn't matter to us. When the bank, credit card company, or finance company says "No" - we say "Yes!"
How soon can I receive my cash advance?
Within 5 minutes in our Los Angeles branches or next day cash will be deposited to your checking account.
How do I know if I am approved?
We will contact you by phone or via e-mail. For applications submitted after hours we will contact you next morning. If you want, you may also find out the status of your application in person at one of our California branches conveniently located in Los Angeles.
How do I determine my due date?
All loans are due on your next payday. The maximum advance term is 30 days.
How much money can I be approved for?
Customers can borrow $255 until your next payday. The amount is based on your take home pay.
How long do I have before I have to repay the loan?
All of our loans can be out for a maximum of 30 days, and the repayment date is always set on your pay date.
How long will it take for you to get the money to me?
We electronically deposit the money right into your bank account overnight - it's that easy!
What types of fees are involved?
Our fees are very competitive and in fact are lower than many other online payday advance providers.
What can I use my payday loan for?
Use your money for whatever purpose you wish. If you have some bills due, something you need to buy, or just want to have some fun! Your loan is for you to use as you wish.
How do I get started?
Simply complete our easy online application form.