How a Payday Loan Works

Payday loans are a recent addition to the list of financial options available to consumers. Popularity for this type of loan has grown exponentially ever since the late 1990’s due in large part to the minimal qualifications and the relatively short wait time between application and receipt of the loan. What once was a small industry that was often equated to “loan sharking” has gained the respect of the financial community at large and the favor of a growing number of users – but how do these loans work?

Though the process will often vary from lender to lender, we have developed a process that lets you live your life with as little impact from a short term loan as possible. Here’s how it works:

1. Apply for your payday loan online using
2. Receive approval for your payday loan within minutes
3. Your payday loan is wired to your bank account overnight and is able to be spent the very next day
4. The loan is automatically repaid one the date of your next expected paycheck

All you need to do is complete the payday loan application, and by tomorrow morning you can have the cash you need to take care of whatever you want. The funds are then automatically withdrawn from your bank account on the date of your next paycheck, which you provide to us when you complete the application. There’s nothing to mail in; nothing to fax; nothing to worry about!

For more information about the application process please visit our Frequently Asked Questions page.