FAQ
How Does iPaydayLoans Work?
iPaydayLoans is a broker website that connects you with our panel of reputable and licensed lenders across the US. As a broker platform, we will not perform any assessment or profile analysis based on your information. Once we receive your request, we will forward them to lenders directly. The approval decision and the loan amounts are entirely between you and our partner lender.
What Type of Services Do Your Lenders Offer?
Here at iPaydayLoans, you can get all kinds of loan services, including payday loans, installment loans, personal loans, cash advances, etc., through our reputable lenders. Not only will you find online services here, but you can also use our website to locate nearby loan providers for your specific needs.
What Are Payday Loans?
As one of the most requested financial services at iPaydayLoans, payday loans are also the most common financial solution for most Americans.
Payday loans are designed to help fulfill your urgent cash needs when you have not yet received your paycheck. Compared to regular loans, payday loans are easy to apply for with minimal requirements and often feature instant funding.
The significant downside of a payday loan is that it usually comes with high-interest rates and fees, making it extremely expensive to borrow. Also, you have only one month to repay your payday loans; that is when your next paycheck arrives.
How Much Can I Borrow Through iPaydayLoans?
You can submit requests from $50 up to $5,000 for payday loans, installment loans, or same-day loans. If you need a higher amount, you can obtain a personal loan through iPaydayLoans, up to $35,000. Note that the amount you receive depends on your financial condition, income situation, and the lender you choose to work with.
What Are the Requirements to Get an Online Loan?
Online loans are often easy to get, but you still need to meet some basic requirements for easy approval. Below are the general prerequisites that most lenders are looking for when they process your requests:
- Must be a US citizen or permanent resident
- Must be over the age of 18
- Must have a valid ID
- Must have an active bank account
Other than these must-have requirements, you will need to provide additional documents if you are looking for higher amounts of loans. Having a stable employment status or multiple verified sources of income can sometimes be more useful than your credit score.
Can I Get Loans With Bad Credit?
The answer is yes. Getting loans with bad credit is possible, and it's even easier to get them online! You can rest assured with iPaydayLoans as we have established long-term cooperation relationships with some of the industry's highest rating bad credit lenders. These lenders will not make their decision simply based on your credit score; they will also evaluate the risks involved by assessing your financial behavior, employment status, and source of income to conclude whether to release the fund or not.
Is It Possible to Get Loans Without Credit Checks?
Unfortunately, it's not possible to get loans without credit checks. A credit check is a mandatory process enforced by federal regulations to regulate financial institutions when creditors plan to release loans to customers. It's just that most online lenders will perform a soft pull rather than a hard pull to consider a client's creditworthiness.
A soft pull, known as a soft credit check, will not appear on your credit report and impact your credit score, while a hard credit check will reflect on your credit report and lower your score.
How Long Do I Need to Wait for My Money?
Since most of the lenders within our network operate around the clock, you can submit your request whenever you want. Your information will be delivered directly and instantly to lenders, who will return a result within minutes. If you are approved, you should be able to receive the fund as fast as the same day, or sometimes it will take up to 2-3 business days for the money to be deposited into your account.