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FAQ Payday Loans PaydayNV.com

You need to understand how payday loan online work before submitting a loan application. Kindly take time to check the most frequently asked questions about short-term loans and our site. You can also check our contact page to submit your inquiries if the answer to your question is not on this page, and we will send a swift response as soon as possible. However, if your query is related to a particular loan or credit offers, the best contact is your lender.


A short-term loan or payday loan online can be defined as a small credit not more than $1,000 which can be used to pay for some unplanned expenditures till you get your next salary. A short-term is a financial tool that enables individuals to gain access to fast cash when there is a need for financial help. These forms of loans are given to applicants not minding their credit scores as they are exempted from the problem of credit to get cash. The process of acquiring short-term loans is simple compared to the hiccups attached to the procedure of getting cash from traditional lending agencies. Lenders in our network can help you with as much as $1,000 depending on three fundamentals namely; the lender, your financial situation, and your state.


When the process of getting payday loans are compared to other credit types, the process is straightforward and simple. At PaydayNV.com, we link our users who request for a loan with lenders in our network. You need to follow some guidelines to be considered for this short-term loan, and these include having a valid bank account in your name, you must have attained the age of eighteen. Other criterions are a permanent resident and a legal employee in the United States; you must also have a real home/cell and work phone number, active email address, have a working phone number and also fulfill income requirements stated by your lender. In some cases, there is no need to be gainfully employed, but you must prove that you have a reliable source of periodic income payments to confirm that you are capable of repaying your loan. It is critical for you to assess the terms and conditions of your lender before you append your signature as we are not permitted to give you any assurance on the lenders.


These short-term loans are created to provide relief during financial emergencies and a temporary solution to ensure you settle your bills before you receive the next paycheck. A similar procedure should be considered when you are about to secure other credit types as you need to decide if borrowing a short-term loan is right for you. Do not request for a loan if there is no urgent need for cash. Moreover, if you are in financial distress, the best way is to speak with a guidance counselor before you submit a loan application.


If you are an employee of more than one company, you must disclose the information about your core job on the loan request form and include the additional information about the other jobs when requested by your lender. If you are asked by your lender to show payment stubs, you should send stubs you have received from your employers if you work at different jobs. If you are self-employed, you must be able to show evidence of substantial earnings that you can meet the terms and conditions of your lender. You must also show that your business is genuine and your revenue base is consistent for more than ninety days.


A significant advantage of acquiring short-term loan is its convenience and accessibility. These loans attract lesser fees when they are used judiciously, and most lenders offer ridiculous interest rates for short-term loans because of the risks involved in the procedure as credit checks are not done. Nevertheless, you can be provided a short-term loan with low-interest rate by your lender as every lender want the money back as soon as possible. Ensure you repay your loan at the appropriate time to evade unnecessary fees on your loan.


Various factors determine the charges on your short-term loans, and they include your state of residency, your lender, your financial institution, ability to pay promptly, and your loan amount. Other charges that can be added to your loan are rollover charges, interest, finance charges, late payment fees, amongst others. It is essential to review your loan offers to understand the specific costs attached to them.


Most lenders request for extra information from applicants like a bank statement, pay stub, proof of employment, legal status and other payment types to confirm the status of loan applicants as this will reduce the risks faced by the lenders. In some cases, you may need to use a printer to print the relevant documents and utilize a fax machine for the sending of documents. Documents can be emailed through your local UPS store or public library at a reasonable fee.


The Lending Act provides you with a framework where you are permitted to read the terms of a loan deal before appending your signature. This is the legal contract between you and the lender, and it is binding on both parties. However, you are expected to read and understand the terms and conditions stipulated in the loan agreement. In case you have a problem understanding a specific term or need more explanation on specific terms in the contract, you should not hesitate to contact the lender as it is expected that the lender should offer a satisfactory answer before you accept the offer. Always have it in mind that we are not a lender and cannot provide an interpretation of those terms. Note that once you have sent your electronic signature, you are under a contract to follow the guidelines stated in the agreement. Make sure you carefully read the details of your loan offers and talk to your lender about grey areas you don’t understand in the contract before you sign the dotted lines.


If you are in dire need of cash and want to use it immediately, you will get an offer and get connected with lenders in our network for a short-term loan. Make use of our secure and fast online application portal as the process will take less than three minutes to complete. You will be requested to submit necessary information required for processing your credit request. Your completed information will be sent to our network of lenders. You will receive an electronic mail from your lender once you are connected, and your loan request will be approved.

You can also be redirected to the home page of the lender’s website. It is essential to assess the loan offer before agreeing to the terms and conditions of the lender and append your signature to the electronic loan agreement. As soon as the lender receives your signature, the funds will be made available to you immediately as your bank account will be credited.


Repayment terms and conditions are stated in the terms given to you by your lender. On the due date, the loan amount and the charges are deducted from your bank account automatically on the due date. Ensure sufficient money is in your account on the due date so the lender can take it. You may also be eligible for substitutes like extensions or rollovers which would save you cash in the long run.


If you need clarification regarding a specific loan offer, it is crucial to speak to your lender as soon as possible. In a bid to keep your privacy, this service does not have the privilege to your loan details. Make sure you include your contact information in your loan agreement as it will help your lender contact you when there is an issue. If your lender fails to respond or you have offered the wrong answer, you can get in touch with several government agencies through our site. These government agencies will ensure fast resolution of the issue.


We do not encourage our users to take more than a loan at a specific time. Users are allowed to have only three outstanding loans at a time due to our lending rules and provincial regulation. Each time you are applying for a new loan, it is important to disclose information about your existing loans in your request loan application form. Though some states allow borrowing several loans at a time, you should expect limitations on the overall sum of credit made available to you; which means you may not have access to the loan. Our lenders reserve the right to discard credit to an individual who has an unresolved loan issue regardless of the rules in that state.


Kindly note that all legal instruments of recovery will be used to ensure the debt is repaid. You must assess your loan offer and savings judiciously before you fill the form and ensure you do not request for a loan if you know you do not have the financial resources to repay the loan as at when due. We have an understanding that times can change. If you know that you will not be able to pay the lender at the appropriate time, kindly inform the lender as soon as possible. You can also be subject to debt collection attempts, but our lenders lack the power to initiate criminal action against you. Have it in mind that your debt profile will continue to increase and attract high-interest rates till the due date.


Every payday loan firm has distinct financing rules that determine whether a customer’s loan request should be granted or accepted. In some cases, common denominators can determine the rejection or approval of your application. Different reasons can be cited for your application’s refusal as retail front payday loans and online payday loans have diverse lending requirements. One reason for being rejected is the lack of meeting fundamental conditions required for a short-term loan. You will not be given a credit if you are embroiled in insolvency. Your loan application can be turned down if you have an unsettled loan with another lender that has an excellent standing. You can contact the Consumer Financial Protection Bureau if you feel you have been harassed in any way.


If you had enjoyed the services of a lender and will like to use the services of the lender once more, you are free to do so. This is a welcome development as it will help you create a robust business relationship with the lender which could help you gain access to loans of higher volumes coupled with lower interest rates and the opportunity to other credit-associated products offered by the same lender. Make sure you review the loan agreement or any message you receive from the lender to get their contact information and request a direct loan.

Short-term loans are emergency credit products of relatively small amounts designed for short-term financial issues only and can become an expensive product if used for long-term purposes.


The owner and operator of PaydayNV.com is not a lender and is not involved into making credit decisions associated with lending or making loan offers. Instead, the website is designedonly for amatching service, which enables the users contact with the lenders and third parties. The website does not charge any fees for its service, nor does it oblige any user to initiate contact with any of the lenders or third parties or accept any loan product or service offered by the lenders. All the data concerning short-term loan products and the industry is presentedon the website for information purposes only. PaydayNV.com does not endorse any particular lender, nor does it represent or is responsible for the actions or inactions of the lenders. PaydayNV.com does not collect, store or has access to the information regarding the fees and charges associated with the contacting lenders and/or any loan products. Short-term loans are not available in all the states. Not all the lenders in the network can provide the loans up to $1,000. PaydayNV.com cannot guarantee that the user of the website will be approved by any lender or for any loan product, will be matched with a lender, or if matched, will receive a short-term loan offer on the terms requested in the online form. The lenders may need to perform credit check via one or more credit bureaus, including but not limited to major credit bureaus in order to determine credit reliability and the scopes of credit products to offer. The lenders in the network may need to perform additional verifications, including but not limited to social security number, driver license number, national ID or other identification documents. The terms and scopes of loan products vary from lender to lender and can depend on numerous factors, including but not limited to the state of residence and credit standing of the applicant, as well as the terms determined by each lender individually.


APR Representative
APR (Annual Percentage Rate) is the loan rate calculated for the annual term. Since PaydayNV.com is not a lender and has no information regarding the terms and other details of short-term loan products offered by lenders individually, PaydayNV.com cannot provide the exact APR charged for any loan product offered by the lenders. The APRs greatly vary from lender to lender, state to state and depend on numerous factors, including but not limited to the credit standing of an applicant.

Additional charges associated with the loan offer, including but not limited to origination fees, late payment, non-payment charges and penalties, as well as non-financial actions, such as late payment reporting and debt collection actions, may be applied by the lenders. These financial and non-financial actions have nothing to do with PaydayNV.com and PaydayNV.com has no information regaining whatsoever actions may be taken by the lenders. All the financial and non-financial charges and actions are to be disclosed in any particular loan agreement in a clear and transparent manner. The APR is calculated as the annual charge and is not a financial charge for a short-term product.


Late Payment Implications
It is highly recommended to contact the lender if late payment is expected or considered possible. In this case, late payment fees and charges may be implied. Federal and state regulations are determined for the cases of late payment and may vary from case to case. All the details concerning the procedures and costs associated with late payment are disclosed in loan agreement and should be reviewed prior to signing any related document.

Non-payment Implications
Financial and non-financial penalties may be implied in cases of non-payment or missed payment. Fees and other financial charges for late payment are to be disclosed in loan agreement. Additional actions related to non-payment, such as renewals, may be implied upon given consent. The terms of renewal are to be disclosed in each loan agreement individually. Additional charges and fees associated with renewal may be applied.

Debt collection practices and other related procedures may be performed. All the actions related to these practices are adjusted to Fair Debt Collection Practices Act regulations and other applicable federal and state laws in order to protect consumers from unfair lending and negative borrowing experience. The majority of lenders do not refer to outside collection agencies and attempt to collect the debt via in-house means.

Non-payment and late payment may have negative impact on the borrowers’ credit standing and downgrade their credit scores, as the lenders may report delinquency to credit bureaus, including but not limited to Equifax, Transunion, and Experian. In this case the results of non-payment and late payment may be recorded and remain in credit reports for the determined amount of time.