Payday Loan Information
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Applying Does NOT Affect Your Credit Score
Applying Does NOT Affect Your Credit Score
Payday loans are a commonly discussed topic. Yet there remains much ambiguity and misinformation regarding payday loans - both online and in people's minds. They say that the best way to make use of a product is to know more about it. Here, we share information about payday loans in the interest of consumer awareness and transparency. We have answered some questions that customers have asked us or searched about, which are not covered in our FAQ section.
Many direct lenders accept a broad variety of borrowers. Legitimate direct lenders of payday loans typically have simple but clearly defined eligibility criteria.
At CapitalPaydayLoan, we accept borrowers who qualify these conditions:
If you're able to provide adequate information and documentation to support the above, you can get a loan from us irrespective of your credit history.
Payday loans from CapitalPaydayLoan are quick - both parts of our lending process i.e., approval and credit, are prioritized to ensure prompt services. Provided that your loan application is complete and all provided details and documents are easily verifiable, we credit loans typically in a single business day. The loan process, however, consists of many parts, and in certain cases, delays may be caused by one or more such processes, for example, a soft credit inquiry, a document verification, an income verification, delay from your end in accepting our loan offer, delays in external communication and delays in bank transactions.
If you need a loan with more flexibility in repayment terms than a payday loan, this can be conveyed at the time that we contact you after you submit the loan application. We also provide installment loans, which can be paid monthly or bi-monthly. Such loans may also be available for bad credit borrowers.
We have a dedicated page that explains the charges applicable to our payday loans. You can find the payday loan fees page here.
Payday loans are short term personal loans. These can be sued for any reason. Most borrowers use payday loans for:
Payday loans are designed to be quick, convenient, and available to a vast number of borrowers. Ensuring this, however, may require overlooking certain measures that make loans safe. Also, payday loans are expensive, and they are intended only to be a short-term financial solution.
Other dangers associated with payday loans may be associated with fraudulent lenders and unfair practices by lenders. Many legislations protect borrowers from such issues.
Please read through the link in the following section to enhance the safety of your experience with payday loans.
At CapitalPaydayLoan, we take consumer safety seriously. Kindly proceed to the Payday Loan Safety page for further information on this topic.
Payday loan organizations that have been operating in the industry for years and have a reputation amongst customers, are likely to serve you well. When choosing to take a payday loan, looking for a trusted organization like CapitalPaydayLoan is indeed important. In the link we shared within the previous section, the section "Legitimate Online Payday Loans" explains ways to identify a trustworthy payday lender.
CapitalPaydayLoan offers flexibility in the amount that you wish to borrow. You can even apply for a loan as small as $100.
Whether you have faced rejection once or multiple number of times, we shall consider your loan application without any impact of that factor. As long as you meet our loan eligibility requirements, as discussed in a previous section, we shall offer you a loan of an amount that our loan affordability assessment estimates as likely to be safe for you to repay.
As mentioned above, we approve loan applications provided you meet our loan eligibility requirements, as discussed in a previous section. Suppose you meet all our eligibility requirements and apply for a loan amount that our loan affordability assessment estimates as likely to be safe for you to repay. In that case, we guarantee that your loan shall be approved subject to the successful verification of the details and documents provided to us.
We have a dedicated article on our website that explains how online payday loans work.
This service and website is an invitation to send us a Payday loan application, not an offer to make a loan. We are registered with Utah's Department of Financial Institution. If we approve your loan application, the funds will be disbursed from our account in Utah. Utah law governing consumer loan agreements may differ from the laws of the state where you reside. This service may or may not be available in your particular state.
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Consumer Notice: Available loan product types and loan amount limited vary with the market. Loans are subject to state regulations, eligibility terms, certifications, underwriting, and approval. Rates, fees, terms, and conditions apply. Loan decisions and disbursal times are subject to system limitations. In some cases, verification may require additional processes, which can delay the loan decision.
Short-term loans are intended for short-term financial needs and not to serve as long-term financial solutions. Customers with credit-related issues and hardships are advised to seek credit counseling.
Our goal is to promote safe and responsible lending. Short-term loans should not be used as a long-term financial solution but rather for short-term financial requirements. Credit counselling is recommended for customers who have credit issues.
CapitalPaydayLoan is not a lender and does not make any lending or credit decisions. Loans up to $5,000 are available from our connected direct lenders. However, not all lenders can provide you with that amount. Not all states are eligible for our service. Receiving a loan offer is not guaranteed if you submit a loan request through CapitalPaydayLoan.
The credited approval on your application may be based in part or wholly upon information obtained from a national database including, but not confined to TransUnion or eBureau.
Terms such as “instant approval”, “guaranteed approval”, “bad credit ok”, “one hour deposit”, “instant deposit”, “no credit check”, etc. are only indicative. Certain conditions, state laws, and safety considerations may require such terms to be deviated from. All loan products are subject to various terms and conditions and various parts of the lending process may be subject to system limitations and third-party verifications which can cause time delays and loan rejections. Some restrictions may apply.
Equal Credit Opportunity Act: The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants based on race, color, religion, national origin, sex, marital status, age (provided the applicant can enter into a binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The Federal agency that administers compliance with this law concerning this creditor is the Consumer Financial Protection Bureau, 1700 G Street NW, Washington DC 20006, and the Federal Trade Commission, Equal Credit Opportunity, Washington DC 20580.