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What
is a Cash Advance, Payday Loan, or Payday
Advance?
A payday advance provides you with an
unsecured, short-term cash advance until
your payday. Customers choose payday
advances to cover small, unexpected
expenses while avoiding costly bounced-check
fees and late payment penalties. With
New York Payday Loan you can apply
for a payday loan online and have your
advance electronically deposited to
your checking or savings account.
What
about Qualifying?
Qualifying for a NY payday loan
advance is easier than qualifying for
traditional credit. New York Payday
Loan does not perform credit checks.
Your job and your paycheck act as your
collateral. You only need to meet the
following requirements:
- You're
currently employed or receive recurring
income regularly.
- At
least $1000/month if employed
or $800/month if on a fixed
income.
- Your
paycheck is direct deposited into
your savings or checking account.
Do
I need anything else?
After completing an application,
you will be asked to fax in copies of
the following documents:
- Copy
of drivers license, State issued ID
or Military ID.
- Copy
of a bank statement within the last
30 days.
- Copy
of a personal check marked "VOID".
- Copy
of your most current pay stub.
Does the process
take long?
Customers typically receive approval
within hours of applying. Since the
money is wired directly into your checking
or savings account, you can usually
have access to your funds the very next
day
What
if I have bad credit or a bankruptcy?
Not a problem! New York Payday
Loan does not obtain a credit bureau
report to qualify you for a cash advance
payday loan.
What
about collateral to receive a loan?
No. Your job and your paycheck
are your collateral.
Do
I need direct deposit?
At this time we can only process
your loan if your paycheck is direct
deposited; it is the most secure way
to offer loans as quickly as we do.
Is
there an application fee?
New York Payday Loan never charges
applicants a fee to qualify for a NY
payday cash advance loan.
Do
provide payday loans in all 50 states?
Yes, at this time our lender
is able to provide payday cash advance
loans to clients in all 50 states.
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