Disclosure
Customers choose a payday loan or cash advance for unexpected expenses such as car repairs, paying rent on time, to preserve their credit rating, or avoiding late payment penalties.
A payday loan is a short-term unsecured advance intended to be paid off quickly and is often used in situations where cash is needed quickly. With a payday loan you are charged a flat fee regardless of when your loan is paid. As the name implies, a payday loan (or cash advance) is a small, short-term loan that is due on your next payday. To apply for a payday loan, you can use our online form.
Payday loans and cash advances provide a means of acquiring cash of up to $1500 (but between $200-500 for first time applicants) in a very short amount of time. Compared to a bank, which can take 1 – 2 weeks to process a loan application, a payday loan is often your fastest way to get the cash you need when you need it most.
Most banks are unlikely to loan under $1500, making a short-term cash advance one of the most viable options for unexpected expenses, or when you just want money for the weekend but can’t wait until payday.
A payday loan isn’t always for everyone, but when you consider that if your utility bill was going to be paid late and you were facing a $47 late/reconnect fee, rent was due, or you were concerned about protecting your credit rating, it might start to make sense. Used responsibly, a short term loan it can help in numerous ways.
It is important to understand that payday loans are for short-term cash management and not intended for larger financial issues that credit counseling might resolve. The use of a payday loan is as explicit as the name implies and should be used as such.
Please note that a short term loan is an unsecured loan that provides the cash needed to meet an immediate need and that it should not be misinterpreted for a long term solution for financial problems that financing, credit counseling, or consolidation may be more appropriate.
The table below provides the fees associated with the cost of borrowing with CashTransferCenters.com (CTC):
Fee
Schedule For 14 Day Loan |
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Advance Amount |
Finance Charge* |
Total Loan Amount |
$100.00 |
$27.00 |
$127.00 |
$200.00 |
$52.00 |
$252.00 |
$300.00 |
$81.00 |
$381.00 |
$400.00 |
$108.00 |
$508.00 |
$500.00 |
$135.00 |
$635.00 |
*Finance charges are calculated on the basis of $27 per
$100. The minimum loan is $200. The maximum loan term is 14 days. |
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This service may or may not be available in your particular
state.
The states this site services may change from time to time without
notice.
