Frequently Asked Questions
NeedCashNow.org is a free service that helps consumers acquire cash loans online via our panel of authorized of nationwide lenders. NeedCashNow.org does not lend money directly, rather we connect you to a company that can offer you a personal loan to meet your needs. We are happy to answer any questions you may have about our service however we've complied a list of the most commonly asked questions from our valued customers. If you cannot find the answers you are looking for on our Frequently Asked Questions page, please feel free to contact us.
If you have any questions about your loan payments, the status of your application, needing an extension, or any other concerns with your personal loan, please contact your lender. When your application is submitted, you will receive your lender's contact information. At this point, they will be able to assist you with any questions you may have.
We hope you find our FAQ helpful. Please don't hesitate to contact us if you need any further clarification about any of the following topics.
- What is a paycheck advance loan?
- How can I qualify for a loan?
- What loan amounts are offered?
- When do I obtain the funds?
- Can I still get a loan if I have bad credit?
- How long does it take to process the loan?
- How much does the loan cost?
- Can I qualify for another loan if I already have an outstanding one?
- How and when do I repay my loan?
- What happens if I make a late payment?
- How is my personal information protected?
- How long do I have to wait before I can apply for another loan?
- Can I qualify for an extension?
- What happens if I’m not able to pay back my loan?
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What is a paycheck advance loan?
A paycheck advance loan is a short-term loan that is quickly provided by a lender, usually within a single business day. The amounts generally range between $100 and $1,000. They can be taken out for any reason; however, they should only be used for emergency situations or just to make help make ends meet while in between paychecks.
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How can I qualify for a loan?
- You must be employed and have been in your current position for about 3 months.
- You should earn about $1000 a month.
- You must be at least 18-years-old.
- You must be a US citizen or a permanent resident.
- You need a valid email address and phone number.
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What loan amounts are offered?
You can apply for any loan amount between $100 and $1,000. The amount you receive will be determined by the lender and based on the information you provided in your application which is why we require you to complete your application with valid information. Any and all invalid information including invalid phone number and email addresses will result in a loan denial. It is advised to only request the amount that you need, and not any additional funds.
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When do I obtain the funds?
When your loan is approved, the funds will be automatically transferred to your bank account the same day where possible and ready for immediate use. If it is late in the day and processing will not allow for a same day transfer, you're funds will be available the next business day.
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Can I still get a loan if I have bad credit?
Yes, you can still be approved for a loan whether you have bad credit or no credit. You may also qualify if you have other credit problems, such as bankruptcy, bounced checks, charge offs or other issues. Our panel of authorized lenders is one of the largest in the country which is why we can help so many people with different types of credit histories.
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How long does it take to process the loan?
It only takes a few minutes to fill out the online application. Once your application is approved, you can receive your paycheck advance in as little as one business day. It is imperative that you complete the application with valid information so that you're loan request is not declined.
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How much does the loan cost?
NeedCashNow.org is a 100% free service. Each lender that you are connected with will have their own terms and conditions. When you are connected with a lender, they will provide you with a loan agreement. Within this loan agreement, there will be all the important information you need to regarding your loan. It will include the amount of your loan (the principle), the interest that will be accrued, fees, charges and penalties. The details and amounts of each will vary from lender to lender. It is crucial that you fully read and understand the terms and conditions of the loan before you agree to take out the loan. Be sure that you can afford to repay the loan amount, along with the interest, and you can avoid any late fees or other penalties before taking out the cash advance. Remember that applying for the loan does not obligate you to take out the loan. You are only obligated to repay the loan if you agree to the terms and conditions within the loan agreement, which is done by signing or e-signing. Be sure to fully understand the loan agreement before signing or e-signing.
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Can I qualify for another loan if I already have an outstanding one?
Yes, you can still apply and qualify for an additional paycheck advance if you have an outstanding one. Our network of lenders provides access to funds depending on various types of information and each lender has their own specific lending criteria which is why we recommend you apply online to determine what you can qualify for.
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How and when do I repay my loan?
How and when you pay back your loan is determined by the lender and will be disclosed in the loan agreement. Usually, the funds are automatically withdrawn from your bank account on a predetermined day as agreed upon in your loan agreement. Typical repayment terms are within 14 days and some lenders may offer 30 days to repay. Please ensure you review your loan documents after submitting your application and being approved. If you plan on taking out a loan, be responsible. All we ask is that you pay back the loan.
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What happens if I make a late payment?
Each lender has their own policies regarding late payments. Generally there is a late fee attached to the loan, but there could also be an increase in interest rates or other penalties. This information will all be outlined in the loan agreement. Be sure to completely understand the fees and penalties regarding late payments. If you are concerned you may be late on a payment, contact the lender as soon as possible before the payment is due. In some cases you can be granted an extension or make arrangements that can save yourself from additional fees and penalties.
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How is my personal information protected?
Your personal information is safe and secure with the use of our state-of-the-art security system. Our website, NeedCashNow.org, protects your personal information with an AES-256 Bit SSL encrypted network. It meets industry security standards, and all information provided is encrypted during submission.
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How long do I have to wait before I can apply for another loan?
You can generally apply for another cash advance loan after 72 hours. Be sure to let the lender of your new loan know that you have recently applied for a previous loan.
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Can I qualify for an extension?
Whether you qualify for an extension, or "rollover," is determined by the state you live in. The state laws concerning whether extensions can be granted differ from state to state. Some allow multiple extensions while others do not allow them at all. Your lender will know if your state allows extensions and you can contact your lender to learn more. If you feel you may need to rollover a payment, be sure to contact your lender immediately to try and avoid any additional late fees or penalties.
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What happens if I’m not able to pay back my loan?
Your lender may take legal action if you are not able to repay the loan. Please ensure you contact your lender directly if you need to discuss making changes to your loan before this happens. Our network of lenders are willing to review your options to best determine a solution that will work for each situation. Ultimately, personal responsibility is important and if you need to make some extra cash to pay back your loan please review our Knowledge Base for tips and tricks to making and saving money.
