Online Payday Loans FAQs

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What is a payday loan?

A payday loan is a short-term, small loan, that you usually payback on your upcoming payday. Most of these loans are less than $1,000. When they are larger than $1,000 they are normally called installment loans which allow for longer payback periods and have lower interest rates. Payday loans are not intended to be a resolution to any long-term financial troubles. You can get your loan approval within in a few minutes and without any hassle.

How Much Funds Can I Obtain?

If approved, you can get anywhere between $100 to $1000 cash with payday loans. Your chosen payday lender will be able to establish exactly the maximum loan amount you could be eligible for, depending on your income and other information supplied by you.

How Much Does It Cost to Use Cash In A Snap? is absolutely free to use. You can analyze your loan proposal from your lender without any kind of obligation. Our services are free. Your only fees will be from your lender should you accept their loan proposal.

The charges applicable on your loan will vary according to your payday loan amount and your payday lender. Your lender will inform you about the fee for your loan during the submission of your request. You should understand that payday loans are intended to fulfill your emergency cash needs and are often less expensive than check fees, late penalties and other expenses you might experience due to late payments. Always borrow responsibly.

Can I Still Qualify for a Loan If I Have Bad Credit or a Bankruptcy?

Yes. Your credit score isn't the deciding factor for obtaining a payday loan. You may qualify even with your bad credit.

Related: How You Can Effectively Get Payday Loans on Bad Credit

If I Already Have a Payday Loan Outstanding, Can I Still Qualify?

Yes. However, your eligibility will be based on the state you live in and other factors. Some states forbid multiple payday loans. Lenders will check with third-party agencies to confirm if you have any outstanding payments due on your existing payday loans, but this will not be disclosed to the credit bureaus.

Related: Requesting for a Second Payday Loan: Things You Need to Know

What Are the Basic Criteria for receiving a Payday Loan or Cash Advance?

It may be a lot easier than you may think. The basic requirements for a loan approval include (but may vary by lender):

  • Earn a monthly salary of at least $1200.00 to $1400.00 per month after taxes.
  • Be at least 18 years of age.
  • Be a permanent U.S. resident or have citizenship in the U.S.
  • Have a valid contact number and a valid email address.
  • Active military personnel generally are not eligible for a payday loan.

How Do I Receive the Funds?

Once the supporting documents are accepted and reviewed as required, your payday loan request proceeds for final approval. After getting approved, the loan amount is electronically transferred into your bank account.

Related: How Online Payday Loans Works

How Long Will It Take to Obtain My Payday Loan?

Your loan request process can be completed within a few minutes, as little as 3 minutes!

Do I Need a Fax Machine or Printer?

Usually not. Rarely a lender may ask you to send documents to them either by email or fax. For example, your lender may ask for a recent pay stub/receipt, or bank statement. It's always recommended that you get a hard copy record of your loan agreement, but it's not required for processing your loan.

Note, many office superstores or mailing services like Office Depot, Office Max, & Staples offer fax and printing services if you do not have access to a fax machine or printer.

Can I Check My Loan Status at Cash In A Snap?

No, because Cash in a Snap is not a lender. We connect you with lenders, who we carefully select to service you. You need to get all your loan information from your lender.

How Do You Protect My Private Information?

Your privacy is secured by our advanced technology. Even the smallest pieces of information are encrypted to ensure your overall privacy and security. We have triple protection firewalls installed on our servers. We also purge sensitive data soon after you request to further limit any risk. You can learn more about this by viewing our Privacy Policy.

When Do I Repay My Loan?

When you are due for your scheduled re-payment, a pre-authorized electronic withdrawal is made from your bank account. You are not required to make any physical payments. If you need an extension, you should request it from your lender prior to your due date. Extra charges are levied for loan extensions and vary according to the selected lender. We do not recommend getting a loan unless you are confident you can repay it from your next paycheck and not be subject to additional loan fees.

What If I Can't Repay My Loan?

You should immediately get in touch with your lender, regarding repayment issues of any loan, to seek a resolution. Extra charges and penalties may be applicable to you for not making timely repayment of your loan.

Related: What Happens When You Can’t Repay a Short-Term Payday or Installment Loan?

Can I Get an Extension for Repaying My Payday Loan?

You may be granted a loan extension or a ‘rollover' by lenders in certain states where rollovers are allowed. Some states even permit multiple rollovers, while others have a total ban on rollovers. Your lender can inform you about your eligibility to receive an extension. To request a rollover, you should immediately contact your lender prior to your due date. Your lender may charge extra penalties or fees if your scheduled repayment is late and may ask for an immediate refund of your leftover balance. Again, ask your lender.

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