How Payday Loans Work
Simply apply for a payday loan of up to $1,000. MoneyMutual provides your information to our trusted lenders who can help with your financial needs. When a lender approves you, funds are electronically deposited in your checking account, as soon as the next day. Because the process is done online, you don't have to worry about faxing loan documents, which takes extra time and can be a hassle. Because the loan is a short-term, cash advance you don't need to worry if your credit is less than stellar. Online payday loan lenders do not typically base approval on credit checks.
1-2-3 Easy Steps for a Cash Advance
- Complete the Easy 2 Minute Online Form
The form is short and there is no fee to apply. You will find out if you are accepted within seconds. Answering the questions accurately will give you the best chance of being accepted the first time.
- Review your Information & Confirm Loan
Once approved, most lenders will ask you to read and approve loan documents. Expect to be contacted by email or phone to confirm the information you provided. Each payday loan lender process varies, so check with them on details regarding the loan documents, terms, and process of how your information is handled.
- Get your Cash
Once you have completed the process, the lender you have been matched with will deposit your payday loan electronically into your checking or savings account.