Frequently Asked Questions

What exactly is a payday loan?

A payday loan is a small unsecured loan, usually for $100 to $1,500, which is designed to meet your financial needs until your next payday. Essentially, you are making out a check for the advanced loan amount, plus a fee, to be held until your next payday.

Payday loans are also known as cash advance, short term loans, payday advances, cash loans, fast cash, fast loans, bad credit loans, deferred deposit, and a number of other things. No matter what you call them, payday loans can get you through your financial crisis.

 

What are the requirements for a loan?

The minimum requirements for a payday loan are:

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

 

To be approved for a loan, you need to meet the requirements of our bank. The bank 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 of your loan.

If your application is accepted by bank, bank may contact you directly and ask for additional information in order to approve the application. Payday utilize proprietary criteria to evaluate applicants and will approve your loan when your application matches their criteria.
In order to increase your chances of getting paired with bank and ultimately approved for a loan, please be sure to fill the application form honestly for the verification of information. For example, entering a cell phone number instead of a home phone makes it more difficult to verify your information and many banks will not accept the application which is not verified. We do our best for you, but unfortunately there's no guarantee that your loan application will be accepted.

 

How do I get a payday loan?

Simply complete the online application and submit it from our web site and we will attempt to connect you to our bank online within seconds. If you are matched with bank, you may be a required to electronically sign and agree to the terms of the loan. In certain cases, the system may require some more information, hence in these circumstances you would be getting a message that we are processing yours application.  However, there is no obligation to accept the loan. If you are not satisfied with the terms of the loan, simply do not sign it.

 

Typically the proceeds of your loan will be electronically deposited into your bank account by the bank the next business day. Also, if you want, we can load yours approved loan amount on a MASTER DEBIT CARD and send you by USPS so that you can withdraw the cash from any of the ATM nationwide. You will typically have the ability to choose the payment option that works best for you. All payments are processed by your bank by electronic transfer from your bank account.

 

How long do I have to pay back the loan?

Your loan is normally due on your next pay date. However, we can allow you to extend your loan in a maximum of SIX monthly installments by paying a fee.

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

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

 

How do I receive my cash?

The payday loan / cash advance is directly transferred into your bank account by the bank. HurryupCash.com works with a bank, which can transfer money in your bank account in as little as 1 hour! Also if you want, you approved loan amount can be loaded on a master debit card so that you can withdraw the cash from any of the ATM nationwide.

 

How quickly can I get my money?

Payday typically processes the loan immediately so that it will be available in your account the following business day after the loan is approved. Our bank can wire the money to your bank account immediately. If you apply on a weekend or holiday, the money will be sent to you by your bank the next business day. If you opt for sending a debit card to you, the process can take at least 5-6 business days.

 

What hours is your service available?

We accept applications 24 hours a day, every day of the year. However, once your application is provided to the bank, sometimes its procedures require additional verification which can only be done during normal business hours. Please keep in mind that the bank can only electronically deposit money to your bank account on those days when your bank is open.

 

You can submit your loan application to us at any time 24 hours a day 7 days a week. However, since we only match you with bank who are available to help you in real time you may be more likely to find a bank during normal business hours (Mon-Fri 8 am – 5 pm EST) since not all bank operate on weekends and holidays.

 

How do bank holidays affect 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 on the preceding Friday. For holidays that fall on Sunday, Federal Reserve Banks and branches are closed on 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 us 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.

 

How much money can I have advanced to me?

Hurryupcash.com will help you get up to $1,500, based upon the information that you provide to us on the loan application.

 

What are the loan fees for the cash advance?

Hurryupcash.com works with a bank whose cash advance fees are among the lowest in the payday loan industry. The fees will vary depending on Bank.

 

What if I do not get approved by our bank?

Hurryupcash.com works with a repudiated bank which is FDIC insured and quite flexible in its lending policies; however, we cannot guarantee that you will receive the loan you need. We do our best to approve your application with our bank likely to provide you with a loan. However, payday bank utilizes proprietary criteria to evaluate applicants and may not approve all accepted applicants.

 

Hurryupcash.com is not involved in the loan approval process and therefore we do not have knowledge of the status of your loan.

 

What if I only have a savings account?

Our bank can lend you money even if you only have a savings account. Please contact your bank to get the routing number. This is needed in order to electronically transfer the loan funds to your account.

 

What if I have a fixed income or benefits?

As long as you have a steady stream of income, our bank 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 have a driver’s license or state ID?

If you do not have a driver’s license or a state ID, please enter your passport number.

 

Does your company do credit checks?

Hurryupcash.com is not a lender and we do not perform any type of credit check. We try to match your application with our Bank in order to find the right loan for you.  Our banks do not follow traditional credit checks; however, they can touch the base of your credit report with a SOFT ENQUARY from Experian so that it would not affect your credit score. Also, the bank may query various consumer databases, such as CL Verify, Tele Track or Data X in order to verify your identity and review your past payday loan history.