Customers rely on FlashLoans.com’s Payday Loans and Cash Advances to cover unexpected expenses, to deal with emergencies or any other issue that that can’t wait until the next payday. Customers rely on FlashLoans.com’s Payday Loans and Cash Advances to cover unexpected expenses, to deal with emergencies or any other issue that that can’t wait until the next payday. Customers rely on FlashLoans.com’s Payday Loans and Cash Advances to cover unexpected expenses, to deal with emergencies or any other issue that that can’t wait until the next payday. Customers rely on FlashLoans.com’s Payday Loans and Cash Advances to cover unexpected expenses, to deal with emergencies or any other issue that that can’t wait until the next payday. Customers rely on FlashLoans.com’s Payday Loans and Cash Advances to cover unexpected expenses, to deal with emergencies or any other issue that that can’t wait until the next payday.
Customers rely on FlashLoans.com’s Payday Loans and Cash Advances to cover unexpected expenses, to deal with emergencies or any other issue that that can’t wait until the next payday.
 
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FlashLoans.com FAQs 


How FlashLoans work:

  1. What is a payday loan?
  2. What is required to get a loan?
  3. How much can be borrowed?
  4. What are the loan rates? What does it cost?
  5. How soon can a borrower access the cash?
  6. What if the borrower has poor credit or has filed bankruptcy?
  7. Do you perform a credit check?
  8. How long does it take to get approved?
  9. Can you describe the payday loan process?

FlashLoans.com Payments:

  1. What are the repayment options?
  2. When would a cash advance loan be due?
  3. What happens if a payment is not made on by the due date?

Application:

  1. Do applicants need access to a fax machine?
  2. How can applicants determine the status of an application?

Security & Privacy:

  1. Is my loan secure and kept confidential?

 

What is a payday loan?

A payday loan is designed to be used for short-term financial needs. The due date will be your next payday (up to 21 days). It is not a solution for longer term financial problems for which longer term financing may be more appropriate. Payday advance fees are, however, lower than many of consumers' alternatives.

In comparison, when expressed as APRs for 14-day terms:

  • $100 payday loan with $30 fee = 782.14% APR
  • $100 bounced check with $25 NSF + $24 merchant fees = 1,278% APR
  • $100 utility bill with $50 in late fees and reconnect fees = 1,304% APR

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What is required to get a loan?

The prospective borrower will need a verifiable job or proven source of income of at least $1,000 gross (before taxes and deductions) monthly, and a checking account that has been open for at least 30 days in which the borrower's paycheck is deposited electronically (aka direct deposit) into the account. The borrower will also need a verifiable email address and a home phone, and the borrower must be at least 18 years of age. All signed Loan Agreements are subject to verification of prior loan history and application data.

The application will be either approved or declined based on our evaluation of the information you provide. On rare occasions, we may ask customers to fax additional information.

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How much can be borrowed?

As a first-time applicant, borrowers can choose $100 to $300 to borrow. After paying off the first loan, a customer can borrow up to $600!

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How soon can a borrower access the cash?

If the application is approved by 8 pm EST, the funds will be electronically transferred (ACH) to the borrowers bank that day (Monday through Friday excluding bank holidays). The funds should arrive at the bank on the following Business Day. Weekend requests will be treated as though they are Monday requests, so funds requested on a Saturday will not appear in a checking account until the following Tuesday.

*Note: Some banks can take two (2) days to process and transfer the funds into your account. You may wish to contact the ACH department of your bank to verify that the funds have been credited to your account. FlashLoans.com accepts neither responsibility nor liability for delays caused by an outside financial institution.

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What if the borrower has poor credit or has filed bankruptcy?

Poor credit ratings will not affect the approval of a loan. That said, we will not be able to extend a cash advance to those who have filed for bankruptcy within the past year or those who have filed multiple times.

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Do you perform a credit check?

Yes - FlashLoans.com will perform a credit check.

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How long does it take to get approved?

Dependant upon the time of day and how quickly complete the application process is completed and submitted, borrowers can be approved within minutes. Please keep in mind that any application submitted during weekends, holidays or after 8PM, EST will be processed the following business day.

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Can you describe the payday loan process?

Applicants will begin the process by filling out our online application. Once submitted, we review the application and notify the prospective borrower either by phone or email regarding the status of the application. If the loan is approved and funds requested by 8PM EST, then the funds will be received by the borrower the next business day.

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What are loans rates? What does it cost?

Click here to see FlashLoans Rates.

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What are the repayment options?

Customers have 4 payment options to choose from:

  1. Extension: Pay only the fee
  2. Extension Plus: Pay the fee + part principal (in increments of $50)
  3. Pay the loan off in full by the due date
  4. Pay the loan off early

For your convenience, your payments will be electronically debited from your bank account unless you make alternate payment arrangements. To avoid potential NSF fees, please ensure that your checking account is properly funded when we debit the account. If you need to make alternative payment arrangements, please contact FlashLoans.com's Customer Service Department. Please call 866-825-1903 at least two days prior to your scheduled due date.

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When would a cash advance loan be due?

Since this is a payday loan, the due date is determined by the client's pay date. However, if at any time you have a discrepancy with your due date we encourage you to contact us to discuss the matter by calling our Customer Service Department at 866-825-1903.

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What happens if a payment is not made on by the due date?

If a payment is returned by a bank, then our Collections Department will contact the customer in order to arrange a second attempt to debit the payment. A $25 NSF fee will also be collected with the next debit attempt.

Customers who are unable to make payments by the due date should immediately contact the FlashLoans.com Customer Service Department at 866-825-1903 to work out other arrangements.

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Do applicants need access to a fax machine?

In the vast majority of cases, there is usually no faxing required in order to get approved! In some cases, if more information is needed, we will attempt to contact the customer by phone or email to request the needed information.

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How can applicants determine the status of an application?

All applicants will receive their status via email, or they may log in to FlashLoans.com to view the current status. Applications are processed 8AM to 8PM EST Monday through Friday. Dependent upon the time and type of application, applicants can be approved within minutes.

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Is my loan secure and kept confidential?

Every FlashLoans.com cash advance or payday loan transaction and customer information is completely confidential and protected per our Privacy Policy.

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