What is a Payday Loan?

What is a payday loan?
A payday loan is a small cash loan (usually $500 or less).

What’s the difference between a payday loan and a loan you get from the bank?
Payday loans have easier qualifying terms. Almost anyone can get approved. As long as you are a U.S. citizen 18 years or older, have a checking account, a steady job, and earn more than $1200 a month you’re qualified.

How long does it take to get a payday loan?
It depends. Some lenders take as long as 3 days. With PostingPayday.com however, you can have the money in your account usually within 24 hours.

NOTE: Any loan request made on the weekend will be treated as a Monday request. However, if you make a loan request on Friday, the money should be deposited into your account the following Monday.

How much can I borrow?
PostingPayday.com lends cash advances up to $500.

What can I use my payday loan for?
You can use the money for whatever you like. Whether it’s paying off bills to avoid late charges, or putting a down payment on a car, it’s completely up to you.

Is my loan confidential?
Absolutely! PostingPayday.com uses special encrypted pages to keep your information secure. Any information you give to us about your loan will remain strictly confidential.

Do I have to pay any additional charges to get a payday loan?
Depending on what lending institution you borrow from, you will only be charged $20-25 for every $100 that you borrow.

Can I get a payday loan even if I have bad credit?
Bad credit or no credit, we approve almost anyone regardless of their past credit history.

Can I get a payday loan if I already have one from another lender?
It some cases yes. If a lending institution doesn’t allow outstanding loan balances, we will assign your loan to another lender.

How will I know if I’ve been approved for a payday loan?
Once you’re approved, you’ll receive an email confirmation with information about your loan.

What’s the repayment process?
At PostingPayday.com we’ve made repaying your loan back easy. There’s no mailing off checks. Instead, your loan payment is automatically withdrawn from your account the next payday.

What if I can’t pay my loan back on time?
No problem! You always can extend the term limit on your loan for a small fee of only $20. However, you must make arrangements before the current due date.

How do I know that you won’t take out more than what I owe?
The Federal Reserve Wire System only allows us to withdraw the amount authorized in your payday loan contract.

When is payment due?
Payment is due by your next pay period.