The Process Explained

An electronic payday loan--also called a payday advance or a cash advance--is a relatively small, short-term financial solution that's due to be repaid on the borrower's next payday. Because there's no credit check, collateral requirement or lengthy approval process, the turnaround time--usually within 24 hours--is a comparative blink of an eye in relation to the wait associated with traditional, long-term counterparts. Getting cash in a hurry has never been so quick and easy ... and it's only a click away.

Speedy Delivery

Unlike most things that sound too good to be true, these services are every bit as fast and easy to obtain as you've probably heard. That's because our partners operate on a different system than traditional lenders. Because signing documents with a bank or financing company signals the start of a long-term relationship between the lender and customer, a traditional lender attempts to safeguard itself by taking great strides to determine whether the borrower is reliable. That involves investigating several determining risk factors like the consumer's credit score, payment histories, current debt status, job security and personal finance records. The process can be long and arduous, and often doesn't end in the applicant's favor. Contrarily, the approval process is far less invasive and prolonged because, quite frankly, whether you're reliable has little bearing on the outcome of your approval. Since the money you borrow is considered an advance on your next paycheck, all we need to know is that you have a job that pays you. And since your balance is repaid with an automatic withdrawal on your next payday, whether you'll satisfy the debt on your own isn't a concern.

A Win-Win Situation

The automatic withdrawal system associated with electronic payday loans works to your benefit as well. Since your payment is automatically deducted from your bank account, you have no checks to write, no due dates to remember, no late fees to worry about and no trips to the post office to make. It's an entirely new spin on an age-old practice, making it a modern day convenience in the truest sense.

Furthermore, by removing the hassle of paying back the money you request, we've also removed the risk involved with being in debt. With credit card accounts and traditional loans, a simple oversight or confusion between two due dates could lead to a damaging mark on your credit report that will haunt you for years. With a short-term lending service, you're afforded the peace of mind of knowing that once you receive your money, you're free to put the entire affair out of your mind--without having to worry about negative ramifications in the future.