Frequently Asked Questions
1) How Long Do I Have to Pay Off My Loan?2) How Do I Know If I am Eligible for an Extension on My Loan?
3) When Will I Know If My Loan Has Been Approved?
4) Am I Eligible for a Personal Loan If I Have BAD Credit?
5) How Much Money Can I Receive with a Payday Loan?
6) When Will I Have Access to My Funds?
7) What If I Don't Have the Money to Pay Off the Loan or My Loan Extension?
8) How Soon Can I Apply for Another Loan?
9) I Applied for a Higher Loan Amount, Why Wasn't I Approved?
10) Why Do You Need My Social Security Number and Banking Information?
1) How Long Do I Have to Pay Off My Loan?
Payday Loans, Cash Advance or Personal Loans are meant to be used as short-term loans; so that individuals can have access to cash immediately. With this said, most short-term personal loans are set up to be paid back by your next payday, which is usually 8 to 25 days, depending on your pay period. Payment extensions are available by some lenders in certain states; however with extensions you will incur additional fees and interest.
Payday Loans, Cash Advance or Personal Loans are meant to be used as short-term loans; so that individuals can have access to cash immediately. With this said, most short-term personal loans are set up to be paid back by your next payday, which is usually 8 to 25 days, depending on your pay period. Payment extensions are available by some lenders in certain states; however with extensions you will incur additional fees and interest.
2) How Do I Know If I am Eligible for an Extension on My Loan?
For the fastest answer to this question we suggest contacting your lender directly or reviewing the terms portions of your contract. Most lenders and states allow for some sort of payment plan, however; most individual borrowers MUST FIRST pay back the lender their original loan fees before an extension can be written. Typically fees for a payday loan range from $15 to $30 on every $100 borrowed. Keep in mind if you do extend your loan you will be paying MORE in fees and interest.
For the fastest answer to this question we suggest contacting your lender directly or reviewing the terms portions of your contract. Most lenders and states allow for some sort of payment plan, however; most individual borrowers MUST FIRST pay back the lender their original loan fees before an extension can be written. Typically fees for a payday loan range from $15 to $30 on every $100 borrowed. Keep in mind if you do extend your loan you will be paying MORE in fees and interest.
3) When Will I Know If My Loan Has Been Approved?
Once approved at 1 Hour Advance.com, we will always direct you straight to the lender's website that is offering you the BEST loan option available. However, if for some reason you are NOT directed to a lender website, check your email (including SPAM folders) for an approval confirmation email. Our lenders will ALWAYS send confirmation emails directly to their approved clients that will detail next steps for processing your loan.
Once approved at 1 Hour Advance.com, we will always direct you straight to the lender's website that is offering you the BEST loan option available. However, if for some reason you are NOT directed to a lender website, check your email (including SPAM folders) for an approval confirmation email. Our lenders will ALWAYS send confirmation emails directly to their approved clients that will detail next steps for processing your loan.
4) Am I Eligible for a Personal Loan If I Have BAD Credit?
Yes! At 1 Hour Advance.com, we approve 4 out of 5 of ALL of our applicants, many of them with bad credit. So Apply Now and get approved today!
Yes! At 1 Hour Advance.com, we approve 4 out of 5 of ALL of our applicants, many of them with bad credit. So Apply Now and get approved today!
5) How Much Money Can I Receive with a Payday Loan?
Typically payday loans range from $250 to $1,000. However, we do partner with lenders that can loan higher amounts . Loan amounts are based on the information you submitted in your loan application and are subjected to lender requirements and varying state regulation.
Typically payday loans range from $250 to $1,000. However, we do partner with lenders that can loan higher amounts . Loan amounts are based on the information you submitted in your loan application and are subjected to lender requirements and varying state regulation.
6) When Will I Have Access to My Funds?
Once you have accepted a loan from one of our lending partners, most lenders will deposit funds within 24 hours into your account, or on the next business day. However, some of our lenders are equipped to wire transfer funds within ONE hour!
Once you have accepted a loan from one of our lending partners, most lenders will deposit funds within 24 hours into your account, or on the next business day. However, some of our lenders are equipped to wire transfer funds within ONE hour!
7) What If I Don't Have the Money to Pay Off the Loan or My Loan Extension?
First off, if you haven't applied for a loan extension you should contact your lender immediately to discuss this option. In most cases, lenders will work with you to create a payment plan you can afford. However, some states don't allow extensions or sometimes they cap the amount of times you can extend your loan. Visit your lender's website and view rules and regulations to learn more about your state policies on payday advances.
First off, if you haven't applied for a loan extension you should contact your lender immediately to discuss this option. In most cases, lenders will work with you to create a payment plan you can afford. However, some states don't allow extensions or sometimes they cap the amount of times you can extend your loan. Visit your lender's website and view rules and regulations to learn more about your state policies on payday advances.
8) How Soon Can I Apply for Another Loan?
Cash Advance Loans should be utilized with CAUTION. Most people use payday loans in case of an emergency and we recommend starting an emergency fund in lieu of another payday loan. However, after successful repayment of your first loan, you may reapply at 1 Hour Advance.com for another loan at anytime. Keep in mind it takes approximately 48 hours for any payment to post to a lender's accounts as paid in full.
Cash Advance Loans should be utilized with CAUTION. Most people use payday loans in case of an emergency and we recommend starting an emergency fund in lieu of another payday loan. However, after successful repayment of your first loan, you may reapply at 1 Hour Advance.com for another loan at anytime. Keep in mind it takes approximately 48 hours for any payment to post to a lender's accounts as paid in full.
9) I Applied for a Higher Loan Amount, Why Wasn't I Approved?
Typically payday lenders will NOT extend more than $500 CASH to any individual for their FIRST payday loan, however; we have seen loans granted up to $1,000, but this is NOT typical. Regrettably, loan amounts are up to the discretion of individual lenders based on the information you submitted and applicable state laws. NOTE: If you have or do successfully take out a loan and pay it back on time, many of our lenders will UP their lending amount on your next loan.
Typically payday lenders will NOT extend more than $500 CASH to any individual for their FIRST payday loan, however; we have seen loans granted up to $1,000, but this is NOT typical. Regrettably, loan amounts are up to the discretion of individual lenders based on the information you submitted and applicable state laws. NOTE: If you have or do successfully take out a loan and pay it back on time, many of our lenders will UP their lending amount on your next loan.
10) Why Do You Need My Social Security Number and Banking Information?
Social Security and bank accounts information is required for YOUR safety. They are used to verify you are INDEED the person taking out the loan as well as, ensuring the money gets directly deposited into the CORRECT bank account IMMEDIATELY. We understand hesitation in submitting this valuable data, but we GUARANTEE protection and encryption of all personal data submitted via 1 Hour Advance.com
Social Security and bank accounts information is required for YOUR safety. They are used to verify you are INDEED the person taking out the loan as well as, ensuring the money gets directly deposited into the CORRECT bank account IMMEDIATELY. We understand hesitation in submitting this valuable data, but we GUARANTEE protection and encryption of all personal data submitted via 1 Hour Advance.com
Personal Security Protection
At 1Hour-Advance.com, we work to protect YOUR information and privacy 24/7. We utilize cutting-edge encryption technology to ensure that your valuable personal data is exchanged and read ONLY by our confidential and trusted lending partners. Personal information like social security and bank information is ALWAYS protected by strict industry protocols and we GUARANTEE that it cannot be accessed by any outside parties during or after data transfer.
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You can use our cash advance loans to catch up on bills and avoid costly NSF and late fees.