No, we do not run a credit score check during the application process.
Just fill out or easy 3-minute application and get an instant approval. Upon approval, you will
be contacted by phone or email by a friendly customer service representative to follow up and
confirm your application. If you have any questions or need to expedite the process, you can call
our customer service support number at 1-888-729-1329.
What time does Pay1Day.com Deposit Funds?
Loans are typically funded within the next business day at Pay1Day.com, however, the exact
time that you receive the money depends on what time your bank deposits it into your bank
account. If your loan is approved on Monday - Thursday, then Pay1Day.com will initiate the money
wire to your bank at midnight, however, it is then up to your bank to deposit it into your bank
account. Therefore, the exact time that you receive your money depends on your bank's
What are the requirements for approval?
Have employment and be paid with direct
deposit on a biweekly or semimonthly basis.
Make a minimum of
$1400 net(after taxes) per month.
an active checking account in good standing.
Be a minimum of 18
years of age.
When is my loan due?
Loan due dates typically fall in between 4 - 30 days away. However, with Pay1Day.com, you
have the option of extending your due date (with extended fees). However, if you wish not to
extend your due date, then if your payday is less than 4 days away, then your due date will be
your next payday. For example, if you get a loan on December 9 and your payday falls on December
11 and 25, then your loan's due date will be on December 25.
What if I have little credit history or a bad credit bureau file?
At Pay1Day.com, we work with you even if you have little or not-so-perfect credit.
Do I need to fax anything?
Our application process is streamlined online so we do not usually require any faxing.
How do I get my cash?
Upon approval, your cash will be deposited into your account as fast as within the next
What about electronic records?
Access to electronic records is provided by industry standard web browser software and the
Internet. By your use of our web site, you affirmatively demonstrate your ability to receive
records and present your signature electronically. Your records may be printed or saved to your
computer at any time.
Can I revoke my ACH payment?
No. The ACH Authorization can only be revoked AFTER we have received payment in full of the
amount owed. Because our advances are single payment advances (that is, we advance a sum of
money that is to be repaid in a lump sum), we are permitted to require ACH repayment in
accordance with the federal Electronic Funds Transfer Act (EFTA.)
EFTA, a lender cannot require a consumer to repay a loan by means of preauthorized
electronic funds transfers as a condition to approving the consumer's loan. The term
"preauthorized electronic funds transfer" is narrowly defined by the EFTA to mean "an
electronic funds transfer authorized to recur at substantially regular intervals." As
explained by the Federal Reserve Staff in its official commentary to the EFTA, "Creditors
may not require repayment of loans by electronic means on a preauthorized, recurring basis."
12 C.F.R. 205, Supplement I - Official Staff Commentary, at 10(e) (1) (Loan Payments). As a
one-time payment, the repayment of a cash loan is not encompassed by the EFTA's definition
of "preauthorized electronic funds transfer," and is therefore permitted under the EFTA.
A short-term advance provides the cash needed to meet an immediate short-term cash flow
problem. It is not a solution for longer-term financial problems for which longer term
financing may be more appropriate. You may want to discuss your financial situation with a
nonprofit counseling service in your community. You will be charged additional fees if you
renew/extend the advance.
What is CFSA and what is it's importance?
CFSA is short for The Community Financial Services Association of America (CFSA) was
established in 1999 to ensure consumer confidence and long-term success of the payday cash
advance industry. CFSA promotes legislations and regulations that provides payday loan customers
with consumer protections.
What if I am employed by a branch of the U.S Military?
Due to state and verification requirements, Pay1day.com does not service loans for military