Payroll Advance FAQ's

1. What is a payday advance loan and is it known by any other names?
2. Can I get several payday advance loans at the same time?
3. For a payday advance online, application, how do I get the money?
4. What do I need to qualify?
5. Am I disqualified from a loan because I may have a poor credit history?
6. What if I filed bankruptcy?
7. Is collateral required?
8. How long does it take to get the money?
9. What happens if I don't follow through and repay my loan?
10. What should I do if I don't think I can repay the money by the due date?
11. Is this transaction confidential?
12. What is a Demand Draft?
13. What is an ACH?
14. What are the fees for payroll advance?

1. What is a payday advance loan?
   Short-term cash advance provided until your next payday. These short-term loans are also known as payroll advances, and deferred deposits.
   
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2. Can I get several payday advance loans at the same time?
   No. Only one (1) payroll advance can be outstanding at any given time.
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3. With an online payday advance, how do I get the money?
   Once approved, we will fax you a disclosure and authorization form that will allow us to disburse the money to you and electronically debit your bank account for the amount financed as well as the finance charge.
   
   If you do not want the funds deposited into your bank account, we can FedEx a rechargeable debit card to you.  This debit card can be used as an ATM card to pull off the funds you need.  This debit card can be reloaded for future advances.  You can also go into one of our convenient locations and pick up cash.  To find the location nearest to you, click here http://www.99payday.com/locations/
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4. What do I need to qualify?
   If you are employed or have some form of guaranteed income, SSI, SSDI, etc., you can apply for a payroll advance. We will confirm the information you give us. When you meet at least the minimum criteria, you are approved to receive a cash advance until your next payday.
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5. Am I disqualified from a loan because of a poor credit history?
   No! We do not run a credit check. We are here to assist customers when the need arises. Many of our current customers have credit difficulties from time to time. A payroll advance can help you deal with this short term situation.
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6. What if I filed bankruptcy?
   You may still qualify for a California Check Cashing loan, if the bankruptcy is discharged, subject to our normal employment and residency requirements.
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7. Is collateral required?
   No. You simply authorize a Demand Draft and/or ACH from your checking account.
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8. How long does it take to get the money?
   The approval process usually takes 20-90 minutes. Delivery of funds into your checking account or to your home can usually be arranged either on the same day or the next banking day.
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9. What happens if I don't follow through and repay my loan?
   If you are unable to pay your Payroll Advance at the time it is due, you may take advantage of our new Extended Payment Plan. If you choose this option, you will be able to make payments over time without any additional fees. Payments must be made on the dates that you agree upon and for no longer than a four month period. During this time you will be unable to take out additional Payroll Advances until your Extended Payment Plan is completed. Please send us an e-mail for an Extended Payment Plan Form if you would like to use the Extended Payment Plan option.
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10. What should I do if I don't think I can repay the loan on the due date?
    Call us immediately. A "returned electronic debit" could cost you substantial "NSF" fees by your bank and can also damage your credit rating. While your obligation to repay the loan is not waived, we will attempt to assist you.
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11. Is this transaction confidential?
    Yes. This internet application is secured by "SSL" encrypted technology. In addition, all your records are held in confidence at our electronic commerce center.
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12. What is a Demand Draft?
    A check created in lieu of your personal check per your authorization.
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13. What is an ACH?
    An ACH (Automatic Clearing House), is the electronic system setup by banks to transfer funds between themselves.
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