Frequently Asked Questions - F.A.Q.
What is Urgent Cash Advance?
An urgent cash advance provides you with an unsecured, short-term cash loans until your next payday during urgent requirement of money. Customers choose payday advances to solve their small, unexpected expenses while avoiding expensive bounced-check charge and late payment penalty fee. With Cash spot now you can simply apply for a payday loans online and your loans amount electronically deposited to your checking or savings account.
For what purpose payday loans can be used?
The money you avail through payday loans can be used for any short term purpose like pay bills, buy something, have a great weekend, it’s up to you! You won’t be asked!
How much can I receive?
Your loans amount is totally depend on your requirements. You can easily borrow an amount among $100 to $1500. You have to repay the loans amount on time because with successful repayment we may raise your loans amount on any future Cash spot now loans.
How are fees established?
We offer competitive fee and we meet with all applicable state and federal laws.
Our fees depend on lender and we charge from $25 to $30 per $100 borrowed. So if you want to borrow $300 the fee will be in between of $75.00 to $90.00
What’s the procedure to apply for payday loans online?
Our application procedure is very simple, you just fill up the online application form which available on our website and submit it. Our process is very fast and we take an immediate step to forward your application. As a result you can get approval within 24 hours.
What do I have to fill in application form?
You have to submit your personal and basic information like your name and address, employment information, bank account details, and picture identification in the payday loan application form that helps in verification.
Is my application and financial information secured?
We at Cash spot now have to keep confidential and secure of our customer's valuable information. We use the safety measures to maintain the security of your personal information and basically we use 128 bit Secure Socket Layer (SSL) encryption technology through which your entire sensitive information transmitted between your browser and our website.
What about qualifying?
We at Cash spot now offer easy qualifying term because there are no requirements of credit check but you have to meet with our eligibility criteria:
Should be employed in reputed organization with regular fixed salary,
You should be adult with U.S. citizenship
Should have a valid or active bank account in which we can deposit direct money
Does the online form obligate me to taking out a loan?
No. when you fill up the online application, our agents receives your application and contacts you to talk about your opinion. If you want to ask any question related to loans then you can ask easily after that you can withdraw your request. Otherwise you may proceed and provide the confirmation. Then our representative takes an instant step to forward your application.
Do I need to fax my details?
You can apply with us without faxing. There is no need to fax nay documentation because we offer faxless loans or hassle free loans.
Can I have more than one payday loan at the same time?
No it is not possible because first you have to repay all payday loans after that another once can be granted.
Do you contact current or former employers?
No, Lenders normally follow a very strict confidentiality policy. They take care of your personal information should not be passed onto any third party until or unless you permit or required by law.
What if I have bad credit?
You can easily apply with Cash spot now even you have bad credit. Bad credit tag will not stop you to avail payday loans.
Do I need direct deposit?
We follow the process regarding loan if we can directly deposit your paycheck; because it is one of the most secure way to provide loans.
How do I know that my loan has been approved?
You will receive an email notification once your loan has been approved. Cash spot now reserves the right to make adjustments to your loan approval until the time you receive the funds in your bank account based on new information regarding your loan application.
What if I want to pay early?
If you want to pay off your loans then you have to inform us with the help of contact us service. You can also refund a part of your loan fee if you repay the loan amount early.
When I will receive my payday loan?
You can get your payday loans as soon as possible because we take an instant step on your application. Once we will verify your loans application then you will get your loans amount very next day.
What if I can't repay my loan on the due data?
If you are not able to repay the full loans amount on the due date, you can request a loan extension.
We offer 3 different payment ways for customers:
You can pay the loan amount at the maturity date which has listed on your loan agreement.
You can pay the finance fee and the portion of the principle before the maturity date.
You can pay only the finance fee on the maturity date.
How often can I get a payday loan?
You can apply any time to solve your urgent financial requirement before your next payday. You have to remember that payday loans are basically intended for your short term problems and cover your entire urgent cash need. You can not avail these loans repeatedly otherwise you may face budgeting issues.
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