FAQ

What actually are payday loans and fund advances?

Payday loans and fund advances are lending products that don’t require from customers any collateral. They are also short-term products that provide small amounts of money. They are fitted to needs of customers who have temporary financial problems. They will support home budgets till the next payday.

What purpose can I use my payday loan for?

Payday loans can be used to pay for the expenses of celebrating special occasions. Also you can use them to cover unexpected expenses that you didn’t plan and they couldn’t be avoided.

How much money can I receive?

From our PaydayMobileApp you can get finances up to $1000. The total amount that you can get will depend n how much money you earn as a regular salary or other source of monthly income.

How high are the fees added to the borrowed amount?

The costs associated with your loan will vary depending on your lender and qualification. Please contact your lender directly for rate and fee information.

What are the requirements for this payday loan?

In our loan request form we require customers to meet the following conditions in order to submit a loan request:

They have to be employed or receive income on regular basis.
Be adult persons and citizen of the United States.
They must have valid checking account with activated direct deposit option.
They have to earn at least $1000 per month.

How do I follow the online request procedure?

You only have to fill out a request form in our PaydayMobileApp. The form is very simple to complete. They you have to submit it and our consultant will contact you very quickly.

What information is required in the request form?

There are very few requirements. You only need to give us your name and surname, your postal address, information about your work, bank account details, identification. If you give all these information, your request will be considered.

Do you protect my financial and personal details?

Our company respects safety and privacy of our customers. Thanks to our internal procedures and technical solutions your data is secured. We use 128bit Secure Socket Layer System in order to protect all the information you send us.

Do you charge request fee?

In our PaydayMobileApp there are no request fees. The loan request form usage is free of charges.

Am I obliged to take the loan after I send a request form?

No, you are not obliged. You can try to check if you can get such a loan from us, and as long as you don’t sign any contract, you don’t have to take a loan. However, at all points you can ask questions regarding our products and offers, so that we can clarify all information. Even if your request form is accepted, you don’t have to choose anything.

Can I get a payday loan with bad credit?

Yes, consumers with bad, poor or no credit are usually able to obtain payday loans.

Do I have to be a house-owner to get such a loan?

No, it is sufficient for us that you pay tenure for the house to your landlord. Since our products are unsecured, there is no house ownership required.

Do you ask customers to fax anything?

We understand our customers that they don’t have sufficient time to do such things, so we don’t need any documents being sent to us by fax.

Is it possible to get a second loans, while the first is not yet repaid?

It depends on the individual lender, and you will have to check with them to determine your eligibility.

Do you commence employment verification?

Each lender has an individual process that may or may not include employment verification. Please check with your individual lender before signing any loan documents.

Is direct deposit required?

Yes, if you want to get the loan in your account, activated direct deposit in your account will be highly recommended.

When do I get my payday loan money?

Your request form will be reviewed within 30 minutes. You should expect your money to be sent to your bank account electronically, usually the next business day.

How do I know that my request was approved?

We will send you an e-mail to confirm this. PaydayMobileApp reserves the right to adjust the conditions of approval, before you are provided with money to your account with direct deposit option. Then, 1hourloanusa.com helps to adjust the repayment date.

What is the date due of my loan?

There are many regulations regarding payday loans and due dates in all states. Normally the date due will be between 8 and 25 days counting from the date when we provided you with the money.

Do I have any rights when I want to repay my payday loans sooner than I expected?

If you want to repay your fee before the deadline, then please contact your individual lender, who will let you know their process for repayment.

What can I do when I am not able to make repayment on time?

Then you can ask for an extension of such payday loans. Here you have three options:
Repay the total amount before on the date due,
Pay the finance fee and the part of amount borrowed on the date due,
Pay only the finance fee on the date due.

How frequently can I use this payday loans?

In different states, there are different regulations about limits of payday loans that you can get per year. We highly recommend to use these payday loans responsibly and only when you encounter emergency situations.

Representative APR Range

1hourloanusa.com is not a lender and does not provide short term or online personal loans but refers consumers to the lenders who may provide such loans. 1hourloanusa.com is unable to supply you with an exact APR (Annual Percentage Rate) that you will be charged if you are approved for a loan. APRs depend on multiple factors, including the lender’s requirements and offers, your credit worthiness, your state of residence, and the type and term of the loan you request. You will be given the details on the APR, loan fees, and other terms by your lender when you are redirected to your loan agreement during the loan request process.

The APR on a short term loan can range from 200% to 2,290% depending on how the APR is calculated (nominal vs. effective), the duration of the loan, loan fees incurred, late payment fees, non-payment fees, loan renewal actions, and other factors. Keep in mind that the APR range is not your finance charge and your finance charge will be disclosed later on. See a Representative Example

The APR on online personal loans can reach up to 1,386% depending on the lender’s terms, borrowers residence state, the duration of the loan, loan fees incurred, late payment fees, non-payment fees, loan extension plan, and other factors. Some states cap APR and the amounts of charges for online personal loan.

Implications of Late Payment

You are encouraged to contact your lender as soon as possible if you are unable to repay your loan on the scheduled repayment date or make regular installment payment on time. Your lender may set late payment fees in accordance with state regulations, and your lender has several courses of action to deal with late payment. For more information about your lender's specific procedures that refer to late payments, please review your loan agreement or contact your lender directly.

Origination, documentation and other additional fees may affect your online personal loan deal. Late payment, non-payment fees and other penalties may concern both short term and online personal loan deals in case of missed payments. Please review your loan agreement carefully for information about the financial implications before you provide your electronic signature.

Implications of Non-Payment

Financial Implications

The costs associated with your loan will vary depending on your lender and qualification. Please contact your lender directly for rate and fee information.
Collection Practices

Non-payment may involve debt collection practices as it is set by applicable law. The majority of the lenders in our network do not intend to sell your debt to outside collection agencies. Instead, they will attempt to collect the debt in-house via telephone, email, postal mail or even text message. Similarly, they will not threaten criminal charges or sue borrowers; they will generally offer debt settlements over time instead. Every lender in our network is required to adhere to the Fair Debt Collection Practices Act, which protects consumers from being abused or harassed by debt collectors.
Impact on Credit Score

Lenders are within their rights to report your failure to repay a loan to one or all of the major credit reporting agencies — Experian, Equifax and Transunion. This negative record can be reflected on your credit history indefinitely until the loan is repaid in full. After the lenders receive payment in full, they can report it to the credit reporting agencies. We remind that late payment or non-payment of your loan can have negative impact on your credit history.
Renewal Policy

Some of the lenders in our network may automatically renew your short term loan if it becomes past due. This term is clearly identified in your loan agreement. You should check your loan agreement for your lender's policy on automatic loan renewal prior to e-signing it. If your loan is renewed, there will be additional charges as determined by your lender, and the minimum term can be set up. Your lender may offer you other options in addition to renewal, including the ability to repay your loan in full at a later date or repay your loan over time in a series of installments.

Legal Disclaimer: This website does not constitute an offer or solicitation to lend. 1hourloanusa.com is not a lender and does not make loans or credit decisions. 1hourloanusa.com provides a connecting service only and is not acting as a representative, agent, or correspondent for any of the lenders we contract with. 1hourloanusa.com does not charge a service fee. 1hourloanusa.com does not control and is not responsible for the actions or inactions of any lender. 1hourloanusa.com does not endorse any particular lender or loan product. You are under no obligation to use the service, initiate contact, or request credit with any of the lenders. This service is not available in all states. The residents of Arkansas, New York, Vermont and West Virginia will not be able to use the service of the website. Service availability and scope are subject to change without notice.
Subject to our privacy policy, 1hourloanusa.com will transfer your information to lenders in our program and other service providers and marketing companies with which we do business who may or may not offer payday loans up to $1,000 and online personal loans up to $3,000. 1hourloanusa.com does not guarantee that completing an online form will result in your being connected with a lender, being offered a loan product with satisfactory rates or terms, or a loan product of the requested sum or desirable terms, or receiving any approval from a lender in the first place.

Credit Check: Participating lenders may verify your social security number, driver license number, national id, or any other state or federal identifications and review your information against national databases, including but not limited to Equifax, TransUnion, and Experian, to determine your credit worthiness, credit standing and/or credit capacity. By submitting your information via our online form on this website, you agree to allow any and all participating lenders to verify your information and check your credit.
Not all the lenders in our network can provide up to $1,000 in payday loans and $3,000 in online personal loans. The limits and regulations vary from state to state. Cash transfer times and terms may vary from lender to lender.

Consumer Notice: We remind that payday loans and online personal loans for small dollar amounts are not a long term financial solution. These credit options imply relatively high interest rates and become a very costly solution if used improperly. Consumers that seek funds for longer terms or debt relief should consult credit advisor prior to making credit decisions of taking a short term or an online personal loan for small dollar amount.