FAQs

A loan is a sum of money that you borrow and repay with interest within the definite time.

A loan application is a form submitted by a borrower when applying for a loan.

The common types of loans are:

• Personal loans;
• Auto loans;
• Mortgage loans;
• Home equity loans;
• Student loans;
• Credit-builder loans;
• Loans from friends/family;
• Payday loans.

Usually, payday loans have the highest interest rate.

A payday loan is a short-term loan (usually not exceeding 2-4 weeks) that has a high interest rate. The amount and term are based on a borrower’s income and credit history.

A secured loan (a loan backed by collateral) is considered the easiest loan to get.

To be approved, you typically must:

1. Live in one of the states where the requested loan type is legal;
2. Be at least 18 years old (19 in some states);
3. Have a proof of regular income;
4. Have an active bank account;
5. Have a valid email and phone number.

The time when you get the requested money varies by lender. Typically, you receive your funds the same day or next day.

Yes. In most cases, lenders allow this and do not charge any fees.

No. Your credit score won’t be affected.

Yes. In most cases, you can be approved for a loan even if you have a bad credit history.

Yes. Some lenders from our network do not require you to have credit history.

To get a payday loan online in Illinois, you must go to the lender’s website (or the referral service website) and fill in an online application. You will need to provide your name, address, birth date, phone number, income information, etc. Submit your application and wait for the approval.

A line of credit is a loan which is very similar to a credit card: you get a specific amount of money that you can use for any purpose.

A student loan is a loan designed to help students cover expenses related to education.

A personal loan is a money that you borrow for any purpose, such as debt consolidation, an unexpected medical bill, a new appliance, a vacation, etc.

An auto loan is a loan that you t to take a motor vehicle.

A mortgage is a loan that you take to buy a home.

A home equity loan is a type of loan in which the borrower uses the equity of his or her home as collateral.

A credit-builder loan is a loan designed to help you improve your credit score.

Yes. You can apply for a loan extension if you are having difficulty repaying a loan. Not all lenders offer a loan extension option. Always read your loan agreement carefully

All loans must be repaid on a due date specified in the loan agreement. Typically, installment loans are repaid via regular payments (usually every month). Payday loans are typically repaid in a lump sum. You can typically pay off your loan early (before the due date), however, in some cases, you will need to pay an early repayment fee.

No. Our company is not a direct lender. We are a referral service that cooperates with the most reliable lenders in the U.S. We are not promoting any lender. Our goal is to help you find the best loan offer.

The lenders from our network offer loan amounts ranging from:

• $200 – $500;
• $500 – $1,000;
• $1,100 – $2,500;
• $2,500 – $5,000.

No. Payday loans are legal in the following states: Alabama, Alaska, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, and Wyoming.

You cannot get payday loans in Arizona, Arkansas, Connecticut, Georgia, Maryland, Massachusetts, New Jersey, New York, North Carolina, Pennsylvania, Vermont, West Virginia, and the District of Columbia.

For this, you only need to fill out a short application form on our website and wait for the approval. For more details, visit the “How to Apply” page.