Payday Loans FAQ
Payday Loan Requirements
- You must live in United States.
- You must be at least 18 years old.
- You CANNOT be an active member of the military.
- You must have a steady source of income.
- You must have a minimum income of $1000.00 per month.
- You must have a working phone number.
- You must have a valid email address.
- You must have an active savings or checking account.
How much can I receive?
Your first loan is based upon the information you provide in your membership application. You can borrow an amount up to $1500. After successful repayment of your payday loan, we may raise your loan amount on any future loans.How are fees established?
Our fees are competitive and in compliance with all applicable state and federal laws. Fees for payday loans vary by the state, the amount of the loan and the length of time for which you owe money. Depending on the lender the fee can range from $15 to $30 per $100 borrowed. So if you borrow $300 the fee will be between $45.00 to $90.00.What's the procedure to apply for payday loans online?
The procedure is extremely simple, all you need to do is just fill up the application form at our website and submit it online. The approval takes place immediately after you submit the application on any of the business days.What do I have to fill in application form?
You have to provide your name and address, employment information, bank account details, and picture identification in the payday loan application form.Is my application and financial information secure?
We respect our customer’s privacy needs in managing their personal finances. Our site uses a variety of security measures to maintain the safety of your personal information. All sensitive information transmitted between your browser and our website uses 128 bit Secure Socket Layer (SSL) encryption technology.Is there an application fee?
www.creditroof.com never charges applicants a fee to qualify for a payday loan.Does the online form obligate me to taking out a loan?
No. By filliing out our online application, you are only stating that you wish to be pre-qualified and presented with loan options based on your application. You may still withdraw your request at that time. When you are ready to proceed just confirm your information and officially agree to the loan terms.What if I have bad credit?
Bad credit will not prevent you from receiving a payday loan at www.creditroof.com. Our friendly managers will work with you, even if you have already been turned down by other lenders.I'm a tenant - is this a problem?
No problem - it makes no difference whether you are a tenant or a homeowner.Do I need to fax my details?
You don't need to have a fax machine to be able to apply for a loan. Lending company gets all necessary information instantly.Can I have more than one payday loan at the same time?
No. All other payday loans have to be repaid before another can be granted.Do you contact current or former employers?
No, the lenders operate a strict confidentiality policy. None of your personal information will be passed onto any third party without your prior agreement or unless required by law.When I will receive my payday loan?
Your application will be processed within 5 minutes, once it has been received. When approved, you will receive your loan within 24 hours, depending on time of the day it could be as soon as 1 hour.How do I know that my loan has been approved?
You will receive an email notification once your loan has been approved. We reserves the right to make adjustments to your loan approval until the time you receive the funds in your bank account based on new information regarding your loan application.When will my loan be due?
Your due date will normally be due on your next payday that is between 8 and 25 days away. Each state has different rules and regulations.What if I want to pay early?
There are no penalties for paying off your loan early. If you pay off early, you may be entitled to a refund of part of your loan fee.What if I can’t repay my loan on the due data?
If you can’t repay the full amount of your loan on the due date, you may be able to request a loan extension.What are different payment options?
1. Paying the loan in full on the maturity date listed on your loan agreement.2. Paying the finance fee and a portion of the principle on the maturity date.
3. Paying only the finance fee on the maturity date.
