Frequently Asked Questions

What is a payday loan?

A payday loan is a small unsecured loan, usually up to $1,000, which is designed to help meet your financial obligations until your next payday. Essentially, you will pay back the advanced amount plus a fee on your next payday.

Through our vast network of payday lenders, AmericaFastCash.com is here to help you find a payday loan.

How/Where do I get my proceeds?

The advance is wired directly by your lender into the bank account that you provided on your application.

How fast can I get my money?

AmericaFastCash.com works with a vast network of payday lenders, some of which are able to wire your cash that same day; else you will typically receive your proceeds within one business day.

How much money can I get?

Depending on the applicant’s information, up to $1,000 may be borrowed. Each lender has a different lending policy, and they will determine the approved amount. Your lender may offer you a smaller loan until you establish a payment history with them.

What are the requirements for a loan?

The minimum requirements for a payday loan via the AmericaFastCash.com network are:

  • You must be at least 18 years of age
  • Have a job (or other source of regular income)
  • You must have an active & open bank account

Your connected lender will evaluate your application and determine whether you are eligible based on its own set of approval criteria. Factors such as income, direct deposit of your pay, past payday loan history and state of residence, may affect the approval and amount of your loan. Once your application is accepted by a lender, they may contact you for additional information to verify and approve your payday loan.

When is my loan due?

Your loan is normally due on your next pay date. However, many lenders will allow you to extend your loan by paying a fee.

Once matched with a lender, you will be directed to your lenders loan documents. Here you will find specific instructions as to what happens when your loan is due. You typically have the following options:

  • Pay off the loan in full
  • Do nothing and your loan will auto-finance
  • Renew the loan and pay interest and fees only
  • Renew the loan and pay interest and part of the principal

Please contact your lender directly if you have any repayment questions.

How much will the loan cost?

The cost of the loan and the APR depends on your application. The terms are disclosed in the application process when you are directed to the lender’s website. At this point you have NOT accepted the loan. If, when the terms are disclosed, they are not acceptable to you, do not sign the application.

What hours are you open?

We accept applications 24 hours a day, 7 days a week, and 365 days a year. The lenders we work with are typically open from 8 am to 6pm, and do any necessary verification during that time period.

How do bank holidays impact my loan?

The following bank holidays are observed by Federal Banks and their branches:

  • New Years Day
  • Martin Luther King, Jr. Day
  • Presidents Day
  • Memorial Day
  • Independence Day
  • Labor Day
  • Columbus Day
  • Veterans Day
  • Thanksgiving Day
  • Christmas Day

For holidays that fall on Saturday, Federal Reserve Banks and branches are open the preceding Friday. For holidays that fall on Sunday, Federal Reserve Banks and branches are closed the following Monday.

If your loan is approved on a weekend or bank holiday, typically your funds will be sent the next business day. You should contact the lender directly to confirm when the money will be deposited and the ACH department of your bank to verify that the funds have been credited to your account.

Does AmericaFastCash.com do credit checks?

AmericaFastCash.com is not a lender, but instead a payday loan network and we do not perform any type of credit check. Most of our lenders do not do traditional credit checks, however, they may query various consumer databases, such as CL Verify or TeleTrack in order to verify your identity and review your past payday loan history.

Are you my lender?

No, AmericaFastCash.com is not a lender, but instead is part of a vast network to help consumers find payday loans. If you have any questions at all on the loan documents, terms & conditions, repayment, etc.; please contact the lender directly and they will be able to answer your questions.

Can I get a payday loan if I have a fixed income or benefits?

As long as you have a steady stream of income, our lenders may be able to provide a loan to you. Enter your benefit provider as your Employer. If you do not have the telephone number of your benefit provider, enter your own telephone number. Enter the number of months you have been receiving benefits for the Months Employed.

What if I do not get approved by the lender that I am matched with?

AmericaFastCash.com’s payday lender network is expansive; however, we cannot guarantee that you will receive the loan you need. Our network does its best to match your application with a payday lender likely to provide you with a loan.

Please contact your lender directly if you have any questions once you are matched to the lender that is the best fit.

How about the renewal policy?

Renewal policies are determined by the lender, not by us, so they will vary from lender to lender. But, be aware, as there are potential cases where some lenders may not debit your account for the full amount of the loan, which may result in additional fees and a renewed loan. Make sure you read the renewal policy on your loan documents carefully and make your wishes clear to the lender.

What if I do not have a driver’s license or state ID?

If you do not have a state issued driver’s license or a state ID card, please enter your passport number or social security number in that field on the application.

Do I need to fax any information?

You will not be required to fax anything in during the application process. However, your lender may ask you to fax over certain information during the verification process (if they are unable to verify your application data).

What happens if I’m late with my payment or don’t pay at all?

Additional fees will more than likely occur in the event of a late or partial payment. Failure to pay will result in legal action, as well as reporting of the non-payment to a consumer reporting agency.

Is my personal and financial information secure?

We absolutely respect our customer’s right to privacy in managing their personal finances. Our site uses a variety of the latest and most secure measures to maintain the safety of your personal information. All sensitive data transmitted between your browser and our website uses 128 bit Secure Socket Layer (SSL) encryption technology.