Frequently Asked Questions
| 1. | How long will it take for you to get the money to me? | ||||||||||||||||||||||||
| 2. | What can I use my payday loan for? | ||||||||||||||||||||||||
| 3. | What is required to be approved? | ||||||||||||||||||||||||
| 4. | How long do I have before I have to repay the loan? | ||||||||||||||||||||||||
| 5. | What will I need to fax in? | ||||||||||||||||||||||||
| 6. | Do I need to have direct deposit to receive a payday loan? | ||||||||||||||||||||||||
| 7. | What if I don’t have a checking account? | ||||||||||||||||||||||||
| 8. | How do I repay my loan? | ||||||||||||||||||||||||
| 9. | Do you require a credit check? | ||||||||||||||||||||||||
| 10. | How do bank holidays affect my loan? | ||||||||||||||||||||||||
| 11. | What types of fees are involved? | ||||||||||||||||||||||||
| 12. | So how much does it cost ? | ||||||||||||||||||||||||
| 13. | What if I have bad credit or no credit at all? | ||||||||||||||||||||||||
| 14. | I don't live in Canada or the USA, can I still apply ? | ||||||||||||||||||||||||
| 15. | Do I need to be employed ? | ||||||||||||||||||||||||
| 1. | How long will it take for you to get the money to me? Web Cash Advance electronically deposits the money right in to your bank account overnight. It's that fast and easy! |
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| 2. | What can I use my payday loan for? You can use your Web Cash Advance loan for whatever purpose you wish. If you have some bills due, something you need to buy, or just want to have some fun! Your short-term loan is for you to use as you wish. |
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| 3. |
What is required to be approved? You must be a US resident, 18 years of age or older, with steady employment. |
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| 4. | How long do I have before I have to repay the loan? All of Web Cash Advance short-term loans can be out for a maximum of 16 days, and the repayment date is always set on your pay date. |
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| 5. | What will I need to fax in? You need to fax in your:
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| 6. | Do I need to have direct deposit to receive a payday loan? Yes, direct deposit is required. |
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| 7. | What if I don’t have a checking account? Don’t have a checking account? No problem! We can still use your saving’s account to deposit your payday loan, but we will need to verify that your bank does accept ACH debits and credits, although most banks will accept these types of transactions with no problem. |
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| 8. | How do I repay my loan? On the date of when your loan is due, the cash advance, plus fees, will automatically be deducted from your bank account. |
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| 9. | Do you require a credit check? Web Cash Advance does not require a credit check, but we do verify any information submitted with a national database. |
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| 10. | How do bank holidays affect my loan? If your bank is closed due to a holiday, your cash advance will be deposited in your account (upon approval) the next business day. Federal Banks and their branches typically observe the following holidays;
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| 11. | What types of fees are involved? Our fees are very competitive and in fact are lower than many other on-line payday loan providers. For every $100 borrowed, there is an approximate 27% interest rate. We also instantly wire the funds to your account at no extra cost. |
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| 12. | So how much does it cost?
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| 13. | What if I have bad credit or no credit at all? That does not matter to Web Cash Advance. When the bank, credit card company or finance company says "no" - we say "Yes!" |
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| 14. | I don't live in Canada or the USA, can I still apply? Unfortunately, at this time, we only accept applicants from the United States and Canada; however, we are taking steps to provide our short-term loan service to other countries in the near future. |
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| 15. | Do I need to be employed? You need to be actively employed in order to receive a Payday Loan Web Cash Advance. Also, it may be required for you to send through your most recent pay stub for verification. Additionally, we may also need you to send through a recent bank statement showing a direct deposit from your employer within the last 60 days. |
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