Lending FAQ

What is a payday loan or cash advance?

A payday loan or cash advance is an unsecured, short-term cash loan to help you until your next payday. Customers choose payday advances to cover small, unexpected expenses while avoiding costly bounced-check fees and late payment penalties. At SignatureLoansDirect.com, apply online for a payday loan and your advance will be electronically deposited to your checking or savings account.

What can a payday loan be used for?

Whether you are taking care of your holiday needs, paying off bills, celebrating a special occasion or covering an unexpected cost your payday loan is there to be used at your own discretion.

How much can I receive?

You may apply for up to $1,000, but ultimately the lender will determine the amount of the loan based on your application. SignatureLoansDirect.com.

How do I qualify for a payday loan?

You should meet all of the following requirements:

• Currently employed (or receive regular income)
• Make at least $1000/month
• Be 18 years of age or older and a U.S. citizen
• Have a checking or savings account with direct deposit.
What is the procedure to apply for a payday loan online?
To apply for a payday loan, complete and submit the application found on our website. At that point, the approval process will begin immediately and an agent will notify you of your status.
What information do I need to complete the application?
We need your name, address, employment information and banking details in order to complete your payday loan request.

Is there an application fee?

Our network lenders do not charge an upfront application fee never charges applicants a fee to qualify for a payday loan.

Does submitting an application obligate me to take out a loan?

No. Submitting an application is simply a request for approval from one of our agents; and for the agent to contact you to discuss your payday loan options. You may ask us any questions and withdraw your request if you so choose. If you are ready to proceed, you may confirm your information and officially agree to terms with one of our representatives.

What if I have bad credit?

Many applicants are still approved even with less than perfect credit. Be advised that you must still meet employment and income minimum requirements.

Does being a tenant influence my eligibility?

Whether you rent or own your home, it does not affect your eligibility for a payday loan.

Do I need to fax my information?

In most cases there will be no need to fax information. It is only in the rarest of cases that you will be asked to fax information.

Can I have more than one payday loan at a time?

No. All other payday loans must be repaid before another may be granted.

Do I need direct deposit?

Yes. Your bank account must be set up with direct deposit to qualify for a cash advance. It is the most secure and expedient way to complete our loan transaction.

When will I receive my payday loan?

Your application will be processed within minutes of receipt. Once approved, you may collect your loan the next business day.

When will my loan be due?

Each state has different rules and regulations regarding loan due dates, but typically it will be due on your next payday.

What if I want to pay back my loan early?

Contact us if you wish to pay off your loan before the scheduled due date. In doing so, you may be entitled to a partial refund of your loan fee.

What if I am unable to repay my loan by the due date?

Every effort should be made to repay the loan on the due date. Some lenders may extend the loan, but not necessarily all. Legal options may be pursued if your are delinquent on your loan. Please familiarize yourself with your loan agreement.

How often can I get a payday loan?

We are available any time you need financial assistance between pay periods. We encourage all of our clients to use these loans responsibly and keep in mind that a payday loan is a short-term solution to an urgent cash need. They should not be used repeatedly to deal with continuous budgeting issues.

Kyle Burton
Director of Communication
Kyle has been covering the online lending and consumer finance markets since 2006, his focus is to uncover topics that help borrowers get out of debt and save money daily. You can connect with him on Twitter, LinkedIN and Google+