Below are some common questions regarding the services and programs that we are frequently asked. If you do not find the answer to your question here, just fill out our contact form and a representative will follow up with you personally.
Car Loan Questions:
Q: Can I still qualify for a car loan with a credit score of less than 700?
A: In most cases, people are approved for car loans with credit scores of less than 700. However, you must meet any additional qualifications that the lender requires.
Q: How much of a down payment will I be required to put down?
A: The down payment depends upon a few factors, including the total cost of the vehicle and how good your credit score is. Many consumers are approved for a car loan with just 10% down. Also keep in mind that lenders have special finance programs that assist with the down payment, so be sure and ask what is available for you if coming up with a larger down payment will be an issue. Is is important to know that having a larger down payment will result in low monthly payments.
Q: Will I need a co-signer?
A: Again, that all depends upon the car you wish to purchase and your current credit circumstances. Sometimes a co-signer is required if you have no previous credit history or have experienced recent repossessions, bankruptcy, or other judgments. The best place to start looking for a co-signer is with family and friends who are willing to assume the risk if for some reason you are unable to fulfill the loan obligation.
Q: What types of car loans are available?
A: Loans for both new and used vehicles are available nationwide.
Q: I need a loan in order to buy a car from a friend, is that possible?
A: You could do that if you qualify for a personal loan. However, if you apply for an auto loan, the financing is through one of our nationwide dealers.
? Cash Advance Questions:
Q: Do I have to have good credit to qualify for a payday loan?
A: No, you do not have to have good credit for a cash loan. Getting approved for a cash advance is much easier than a traditional bank loan. Credit is usually not an issue with payday lenders.
Q: What is the maximum amount I can get with a payday loan?
A: Each state has limits on the payday loan amounts. Generally, loans are given in amounts under $2,000, although in some states the maximum amount may be less.
Q: How long does the approval process usually take?
A: In most cases, funds are directly deposited into your bank account within hours, however, if your application is inaccurate or incomplete it will definitely take longer to process.
Q: Will my employer be notified that I am applying for a payday loan?
A: No. You will, however, be asked to submit a current pay stub as proof of income.
Q: What are the basic requirements for a cash advance?
A: Basically, you have to be at least 18 years old, you must have a monthly income of at least $800, you must show proof of residency, and you must have a bank account in your name.
Q: Why do I need to provide banking information on the application?
A: The only way to receive your funds is through direct deposit. If you do not have a bank account, it is impossible to complete the transaction.
Q: Will I be asked to fax personal documents to the lender?
A: Typically, there is no need to fax documents to the lender.
Debt Relief Questions:
Q: Are debt consolidation loans available?
Q: What does it cost to get a debt relief quote?
A: It is free, we will never ask you for credit card information.
Q: If I get a debt quote, am I obligated to accept it?
A: Absolutely not, you are never under any obligation to accept any offers presented to you.
Personal Loan Questions:
Q: How is a personal loan different than a payday loan?
A: Personal loans are different in many ways. Personal loans are normally for a larger amount of money, and your credit will determine the amount of interest you pay. Of course, the better your credit is, the lower the interest rate will be. Payday loan interest rates are not based upon your credit, rather, the lender sets the rates based upon state laws. Additionally interest rates on personal loans are generally much lower than payday loans.
Q: What is the difference between an unsecured personal loan and a secured personal loan?
A: When you are approved for an unsecured personal loan, you will not be asked to put up collateral for the loan. A secured personal loan does require collateral, and if you do not meet your obligation of paying off the loan, the lender then has the legal right to take the collateral.
Q: Can I use a personal loan for any purpose I choose?
A: Absolutely, people use personal loans for a variety of reasons. Many use personal loans to pay for college tuition, medical bills, vacations, home improvements, or even pay off existing loans.
Q: How do I know your online application is secure?
A: Simply look at your address bar. See the "https"? This means the application is encrypted and the data is transferred on a secure server to the lender.
Q: What are your business hours?
A: You are able to apply online 24 hours a day, seven days a week. Applications are instantly submitted through our secure server.
Q: Can I just call you and apply over the phone?
A: Due to privacy concerns, we will not take phone applications.
? Q: How do I know what my credit score is?
A: Everyone can get a free yearly credit report, but usually you have to pay to get your exact credit score from one of the three major credit reporting agencies.