It’s a small (usually under $1,000), short-term, no-collateral, cash advance. It is backed by
future income. This may be your next paycheck, a dividend or other type of regular income.
The term of the loan is usually 30 days or less.
Payday loans are meant for emergencies. If you find yourself using them to pay regular bills,
you should consider credit counseling, debt-management aid or other type of assistance.
There are nonprofit agencies that help consumers who have ongoing, excessive debt.
Use payday loans responsibly.
How does ask4payday.com work?
ask4payday.com is not a lender and does not make credit decisions. ask4payday.com is a loan
connecting service. We connect consumers who are looking for financial assistance with
independent, third party lenders who may be able to provide a loan.
You begin by filling out the simple form. Your information is then shared with third party
lenders who may make you a loan offer. You are under no obligation to accept the offer, but
if you their own terms and conditions. Please consult these before accepting the loan offer.
In particular, check for information on the APR, fees, renewal terms and consequences of
If you have any questions about your loan, please contact your lender.
Does ask4payday.com charge a fee to connect consumers with independent, third party lenders?
Registering with ask4payday.com is free to you, the consumer. We are paid by independent, third
party lenders for potential customer referrals.
Each third party lender will have its own fees, APR and terms. These charges come directly
from the lender and not from ask4payday.com.
These fees and charges will be provided to you at the time of the loan offer, if one is made.
You are under no obligation to accept them. Your loan is accepted by you when you
electronically "sign" the offer and send back to the lender.
Read all documents for the terms and conditions of the loan.
How much can I borrow?
Payday loans are usually between $100 and $1,000. Installment loans range between $100 and
$5,000 and Personal loans are usually between $500 and $35,000. You will make a request for
a loan amount. If you receive a loan offer, it may not match the amount you requested. Loan
offers may vary for several reasons including the individual lender, employment, income and
If approved for a loan by an independent third party lender, how quickly could I receive it?
The transfer to your bank account could happen as early as the next business day. Times will
vary depending upon your lender and your financial institution. If you have additional
questions regarding the transfer time, please contact your third party lender.
What are the minimum requirements to apply for a loan?
Individual, third party lenders have different minimum requirements, but the following
constitute typical minimum requirements:
Be at least 18 years of age or older
Have a checking or savings account with direct deposit
Have regular income of at least $1,000 per month
Have a fair credit rating (for personal loans only)
Must Not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine
Corps, or Navy (or a dependent thereof), serving on active duty under a call or order
that does not specify a period of 30 days or less
What information do I have to share in order to register with ask4payday.com?
You will be asked to provide banking, employment and some personal information. This
information includes, but is not limited to your name, address, telephone number, place of
employment and/or source of regular income, driver's license number, bank account
information and social security number.
The third party lenders may perform a credit check or use other methods to verify the
information you provide.
Is the information I provide secure?
ask4payday.com employs a number of state of the art security measures are designed to keep your
information secure. All sensitive data transmitted between your browser and ask4payday.com uses
128 bit Secure Socket Layer (SSL) encryption technology. Your use of our services is
How long does a loan transaction take?
From the time you register with ask4payday.com (and are made an offer by an independent, third
party lender) the process can be as fast as one business day. A number of factors impact
this, including the time of day you apply, the accuracy of your registration, the lender and
your financial institution.
When must I repay my loan?
ask4payday.com is not a lender. Each independent, third party lender has their own terms and
conditions, including those concerning repayment. You should contact your lender for
information about the date and time for repayment as specified in your loan agreement.
Will independent, third party lenders perform a credit check and what are the credit
Many will do so. They may check to verify the accuracy of the information you have provided
and/or to review your information to see how it compares to the records of national
databases. Lenders may verify your social security number, driver's license number, banking
information or any other information you provided.
Multiple inquiries to the "Big 3" credit bureaus (Experian, Equifax and Transunion) may
result in a lowering of your credit score. Therefore you may want to register for a loan,
one at a time."
What are the implications of late payments and non-payment?
This varies by lender, so check with your lender before agreeing to the loan offer. Many
consumers get in trouble by not being aware of the penalties of late or non-payments. Be
fully aware of the consequences of not paying the loan in full on the date it is due.
Is approval guaranteed?
There is no guarantee that you will be approved by one of our participating lenders.
What if I am unable to repay my loan according to its terms?
Typical penalties for lack of repayment may include:
Addition of late fees
Your account being forwarded to a collection agency
Report your lack of payment to a consumer credit agency (thereby lowering your credit
An offer to renew your loan, which will result in additional fees and/or interest
ask4payday.com is not a lender. You should ask your lender what the implications of non-payment