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FAQ Payday Loans PaydayNV.com

Now find answers on general or specific questions about payday loan online and leverage professional knowledge. FAQ section is designed for borrower to increase their awareness about working of PaydayNV.com and payday loans. Here, find responsive answers to some of most common questions asked by borrowers. You can also find answer to other queries and in case you don’t find your question here, feel free to contact payday loan lender for quick response.

Understanding Short Term Payday Loans

More than 12 million American have take at least one online short term in their lifetime, sometime ever more. Short-term loan is unique solution to financial emergencies, for example, bill repayments. Generally, short term loans come with repayment tenor of two-four weeks. Using features of online payday loan product you can secure anywhere in between $50-$1500 for short tenor of 14 days. Short-term loan amount varies from one province to another. Process of acquiring short term loan involves borrowers for application submission and payday lender who approves application for further processing. Once application is approved from payday lenders, funds are transferred to borrower’s checking account immediately. In some cases it might take up to 24hours before full payment transfer. Short term payday loan can be applied for credit score improvement as well.

Updated Eligibility Criteria Of Short-Term Loans

At PaydayNV.com, Requirement of application, process, interest rate and eligible amount for borrower varies from one payday lender to another. In different state, plethora of lender offers different short-term loan amount that can range from anywhere between $50-%1500, while some lender offers up to $3000 short term loans as well. Also, you can secure $5000 online payday loans as well depending on performance on eligibility criteria. It is essential to know about eligibility of loan amount to have full clarity of how much amount you can secures. Here is list of basic criteria for short-term loan. There is no hard credit check on payday loan.

1. Borrower should be minimum age of 18 years old for applying short-term loans.
2. Borrower must be citizen and worker in United State Of America.
3. Borrower must have steady income of $1000 when applying for loan.
4. Borrower should have active checking account.
5. Borrower is required to have proper identity and address proofs.
6. Borrower must have active phone number.

Documents required for application approval
1. Proof of identity
2. Proof of address
3. Proof of age
4. Proof of income
5. Proof of employer organization
6. Passport Size Photographs


When It Is Recommended To Take Short-Term Loan?

There could be numerous occasion and financial event for which it is recommended to take short-term payday loans, for example, in case of any financial emergency you can apply for payday loans. This loan product comes with instant approval and immediate fund transfers that can aid current financial situation and resolve financial deadlocks. Eligibility criteria of short-term payday loan are simple and straightforward. While working part-time, sometimes employees have to face salary delays and while their bills go pending which can make you eligible for penalty or late fees in such cases it is highly recommended to go for short-term payday loan online to escapes paying more. Borrowers may apply for payday loan online to payback their medical bill, for example, bills of emergency check-up.
Borrowers can apply for short-term loans with low-interest rate to payback installment of other loan with high APR since it is easy to track this loan product as compared to long-term loans. As compared to secured and unsecured long term loans, short-term loan processing take less time, less effort and less documents.

What If I Have Several Jobs Or I Am Self-Employed?

While performing several jobs or been self-employed gaining benefits of short-term loan is easy. Although, unstable income in self-employment can be severe drawback but if you have steady income for past three or months than you can get instant approval on your applications and receive funds in your account immediately. Application processing of self-employed and employees is same. Reduce your financial stress today by applying for payday loan online. Submit your document for meeting eligibility criteria and get low-interest short term loan online.


Eligible borrowing amount varies in different province; otherwise it also depends on your score in eligibility criteria.

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.