|
What are your
minimum requirements to apply ?
You
must be at least 18 years of age. You must have a
checking account that has been open and in use for at
least 90 days. You must have a minimum of $1000 in
payday or fixed income deposits per
month.
How does Personal Loans
work?
They provides short-term cash
advances that are electronically deposited into your
checking account. Everything from application to payment
is done electronically via our web site. When your loan
is due, the amount borrowed plus a service fee is
debited from your checking account.
Why do I have to
pay extra on the principal when I do an
extension?
Personal loans are designed
to be short term loans to meet an immediate need.
Unfortunately, a dependence on extensions moves a
customer into a long term situation which is not in
their best financial interest. We are committed to
dealing with consumers with honesty and integrity and do
not wish to take advantage of anyone or to allow them to
abuse a system to their own harm.
What if I cannot
pay the amount owed by the due date?
If
you choose not to pay your loan on the due date, you can
extend the loan for an additional fee. You can extend
your loan up to three times, paying only the finance
charges and fees due at that time.
How can I get a
loan from Personal Loans?
After filling
out the online application or calling them to apply
by phone, you will have to fax in your bank statement
and a voided check. They examine your bank statement to
determine your income, and they loan you funds based on
the monthly amounts we see deposited into your account.
If they approve your loan request, the funds will
be deposited into your account overnight so that you can
get your money the next banking day.
When can I get my
money?
You should fax in your bank
statement as soon as possible. The deadline for next-day
funds is 4:00 p.m. Pacific Standard Time. You must be
approved by this hour for your funds to be available by
the next banking day.
|
