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FAQ - What Is a Short-Term Loan (Payday Loan)?

Frequently Asked Questions for Loans



What do you need to know?
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In the event that you have inquiries concerning the loan industry and the procedures behind getting a quick cash advance, you have arrived on the correct page; you have the option to discover the solution to your inquiries on this page. You can find a list of most often questions down below. In case the solution to your inquiry doesn't lie in this page, you can connect with a help group of Go24Cash.com to consider it. Remember that the organization doesn't have any access to the data about exact advances or offers. So questions of this type ought to be asked straightforwardly from the lender. Any questions connected with Go24Cash are answered within 2 workdays.

What is a short-term loan (payday loan)?
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Payday loans are short-term advances created to solve your emergent money-related problems. Go24Cash suggests loans from $100 to $1000 to take care of unforeseen costs and pay it back as soon as the next paycheck arrives. The exact sum that you can borrow depends on the state you live in, the lender and also your data. After the application is endorsed and the agreement contract is signed both by the lender and the borrower, the funds are deposited in 1 business day, and if applied and endorsed before midday, you can also get the cash during the same day, within a couple of hours.

What are the requirements for qualification?
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Go24cash keeps the process of qualification simple, so there are just basic requirements that are common for almost all the lenders. No matter whether you have bad credit card or no credit history at all, we will still contact you with the best lenders and the chances that one of them will approve your request is quite high. So here are the requirements that you need to meet in order to qualify:

  • The borrower must be an adult US citizen, as we don’t work with minors and with foreigners.
  • He/she must present active contact details like phone number and email address.
  • The applicant also has to be employed for at least three months by the same employee and have a steady monthly income.
By what means will I get my cash?
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In the vast majority of the cases, the loan specialist transfers the assets into the financial balance of the individual or borrower. In most cases, this is done in one or two business days depending on when you have applied.

What if I have bad credit?
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Payday loans are one of the few advances that don’t perform hard credit check, as the lenders don’t base their final decisions on your credit history. They may still do “soft check” to get some information about your financial history. Dismissal of the advance application can possibly occur if the advance searcher doesn't conform to fundamental rules, if the borrower is insolvent or has numerous credits with different lenders.

Time taken in endorsement of the loan
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On endorsement of the required advance, the organization doesn't take more than one business day. On the following day of finishing processing of the request form, credit gets endorsed.

Here are the main stages of getting a loan:
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  • Fill out our online application form.
  • Get connected to a lender.
  • Get your application endorsed.
  • Sign the agreement contract.
  • Get your cash deposited directly into your bank account.
  • Pay the total amount with loan fees before the term ends.
Do I have to fax any documents?
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Most of the time scanned documents are enough, but you may also be asked to present hard copies if it’s the first time you are cooperating with the company.

What expenses are engaged with acquiring a payday advance?
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Go24Cash.com doesn't charge anything for the administration. Expenses related to getting a payday loan are controlled by the lender you work with and may vary from state to state. At Go24Cash all the customers are given detailed data about the advance they are giving. Keep in mind that the APRs of payday advances are higher than other types of loans.

Am I allowed to have more than one loan at a time?
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It relies upon state guidelines. On the off chance that it is permitted in your state, you can have more than one short-term loan.

How and when should I repay my loan?
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You will be provided with repayment terms and sums beforehand in your agreement, so make sure you read it carefully and attentively. Go24Cash has made the repayment process easier: when the date of reimbursement comes, the total some along with interests is automatically transferred from your bank account to the lender, so no need to worry about it.

How and when should I repay my loan?
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It is ideal to connect with moneylenders at the earliest opportunity and talk about things with them. For late installment, lenders ordinarily charge a late expense that may become an enormous sum if you fail to repay for a long time. To assist customers with dealing with this circumstance, states normally control the biggest sums that lenders can charge as late expenses.

Is my data safe?
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Go24Cash.com uses top of the line security innovation, so any data that the borrowers share with us is utilized to help them in acquiring the requested service.

What if I can’t pay for my loan?
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Lenders can utilize any technique that is legitimately accessible to them to gather your obligation on the off chance that you neglect to reimburse your credit. They may go to accumulation offices or go for in-house gathering strategies. In any case, the lenders related to our system never press criminal allegations against customers in case they neglect to reimburse. Besides, if the customer is unable to make payments, he should immediately contact the lender to find solutions to the problem.

How long should I wait before applying again?
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You should wait for 3 days before applying again as we need that time to process your application form.

How many rollovers can I have?
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You should do your best to stay away from extensions as they mean higher interests and can greatly damage your budget. The maximum number of rollovers is usually dictated by the state. Note that the advance and the things related to its terms or other conditions should be clarified only with the lender. Contact data of the lender is shared when the loan is endorsed.

Just let us know how much you need