Frequently Asked Questions
What is a payday loan?
What can I use a loan for?
How do I qualify for a payday loan or a cash advance?
How much of a payday cash advance can I get?
How much will this cost?
Can I still get a loan if I have bad credit or a bankruptcy?
How soon can I receive my payday cash advance?
How do I get the payday cash advance money and how do I repay the loan?
Do I need a fax machine or printer?
When will I hear from you?
How do I know that the amount you withdraw from my account is the amount you say?
What is an A.P.R.?
How do you determine the amount of money for the payday cash advance?
Is my payday loan secure and confidential?
How do I determine my due date?
What happens if I don't have the funds necessary to repay you on my due date?
Can I get an extension on my payday loan?
Can I pay my loan back early?
What about loan requests on Fridays or the weekends?
In which states are you authorized to provide loans?
Do you provide payday loans for military personnel?
What is a payday loan?
A payday loan, payday cash advance, or cash advance is a short term loan for times when you need extra cash before payday.
Its a quick and confidential way to get a cash advance until your next paycheck.
What can I use a loan for?
Your funds can be used for anything you like, such as car bills, utility bills, phone bills, etc or anything you like.
How do I qualify for a payday loan or a cash advance?
Getting an online cash advance is easy. To be approved for a payday loan, you must:
- Direct Deposit of your pay check
- Have a valid checking or savings account for at least three months
- Have had your current job for at least 90 days
- Be 18 years of age or older and a citizen or permanent resident of the United States
- Have a take-home pay of at least $800.00/month after taxes.
How much of a payday cash advance can I get?
The limit for your first payday cash advance is $200. After you have received and paid back your first payday
cash advance, you will be able to apply for a payday cash advance from $100.00 to $1000.00. The amount you are
approved for will be determined by the information you provide Reality Check Loans.com
How much will this cost?
Our fee for a payday loan is $25.00 per $100.00 borrowed, with the A.P.R. ranging from 304.17% to 1303.57%.
Please refer to our Fee Schedule for more information.
Can I still get a loan if I have bad credit or a bankruptcy?
YES! Payday advance, payday loan, and payday cash advance are not credit check loans. Unlike many other financial
institutions, we do not require that you have good credit or, for that matter, any credit history at all. If you
have any questions about qualifying for a payday loan, please contact us.
How soon can I receive my payday advance?
We can approve your loan application in only a matter of minutes from the time we receive faxed copies of all of all
of the required documents. If your request for a loan has been submitted and approved before 4:00 PM, we can deposit
funds into your account the very next business day. Loans issued Monday-Thursday may arrive within 24 hours while loans
issued Friday-Sunday will arrive the next business day.
How do I get the payday cash advance money and how do I repay the loan?
When you apply for a payday loan, you authorize us to directly deposit the approved amount into your account. You
also authorize us to directly withdraw from your account on your next payday for the same amount advanced, plus our fee.
Do I need a fax machine or printer?
Yes, you need access to a printer if you want to print the loan documents.
When will I hear from you?
After you have faxed in these required documents, we will contact you by either email or phone about the status of your
loan during normal business hours, Monday to Friday, 8 AM to 7 PM CST. For applications submitted after-hours, we will
contact you first thing the next business morning.
How do I know that the amount you withdraw from my account is the amount you say?
We can only withdraw the amount you have authorized. Since we are authorized to use the Federal Reserve Wire System,
we must abide by the NACHA rules and regulations. As a Lender, we are subjected to federal and state laws and regulations
that regulate our lending practices. The amount we withdraw from your account will be the amount that you have authorized.
We can only withdraw the amount you have authorized.
What is an A.P.R.?
The A.P.R. is the annualized percentage rate of your payday loan and is used a tool for consumers to compare the cost of
various credit op0tions available to them. Our A.P.R. range is from 304.17% to 1303.57%. Note: our loans are high-rate
compared to some other sources of funds, but if kept only for short terms, they can actually be less costly than other
alternatives. Please refer to our Fee Schedule for more information, so you can make an informed final decision.
How do you determine the amount of money for the payday cash advance?
You qualify for a particular advance amount based on your current income, and the documents you fax to us.
Is my payday loan secure and confidential?
We transact all our loans on our secure SSL server, utilizing the industry highest standard. We do not disclose your
information other than what is required to obtain an approval for your payday advance, Please review our privacy policy
for more information.
How do I determine my due date?
All loans are due on your next payday, unless your next payday is less than 7 days away. In this case your check will be held until
your second payday. The maximum payday cash advance is 30 days.
What happens if I don't have the funds necessary to repay you on my due date?
You must contact us IMMEDIATELY! If you contact us two business days
prior to the due date we can make arrangements for an extension. If you do not contact us two business days before
your due date, the total of payments according to the contract you signed will be debited from your account on your
due date.
Can I get an extension on my payday loan?
YES! If you are unable to pay you loan in full on the due date, you can pay an amount at least enough to cover
interest earned to extend you loan until the next payday. If you are granted an extension, a minimum of $25 per
$100 borrowed will be drafted from your account. Please note that we can only allow four (4) extensions. The loan
may not be rolled over beyond twelve (12) weeks after the day on which the deferred deposit loan is executed.
IN ORDER TO BE CONSIDERED FOR AN EXTENSION YOU MUST CONTACT US 2 BUSINESS DAYS BEFORE YOUR LOAN IS DUE.
Can I pay my loan back early?
Yes, you can pay your loan back early. Contact us three (3) days prior to your loan due date to let us know that you want
us to debit your account earlier than the due date. You will be entitled to a refund or discount of the fees, depending
on the date of payment.
What about loan requests on Fridays or the weekends?
All Friday loan requests before 4:00 PM CST will be funded on Monday. All weekend requests will be treated as Mondays requests.
In which states are you authorized to provide loans?
We are a Utah registered lender and our loans made in accordance with Utah statutes. Our loans are governed by Utah law.
Utah laws governing consumer loan agreements may differ from the laws of the state where you reside. If you do not want to
enter into a loan agreement subject to Utah law, you should apply for this loan at a lender located in the state where you
live. We are also registered in the State of Missouri.
Do you provide payday loans for military personnel?
No, we do not provide payday loans for military personnel.
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