Questions and Answers
Use our “Questions and Answers” section to learn more about the products you want to use. Look for the most relevant information here. On the left or below choose the topic you need. Then find the answer you are looking for.
In this section of the PaydaySay site, we do our best to provide the answers to most of the frequently asked questions. The content is constantly brought up to date.
We guarantee you the first-rate data from professional consultants in every branch.
Searching through the pages of our website, you are sure to find a lot of basic terms, notions, and useful details as to various kinds of insurances, loans, mortgages, interest rates, and related aspects.
What is a payday loan?
Are you a direct lender?
No, we are not the direct lenders. Our website just represents the app that connects the borrowers with the lenders.
How can I apply for the loan?
To apply for the loan you need to fill out the online application form in the app and as soon as your request is considered, you will get the confirmation letter from the lenders. The lenders can provide loans for people who reached the age of 18. You should also prove that you have a stable income and have a valid bank account where the money can be transmitted.
How much money can I borrow?
The minimum sum of money that you can borrow is $100 and it is possible to get up to $1,000. But the amount of money can be different depending on the laws of the state you apply from.
How will I get the money?
The money will be transmitted on your bank account.
Can I be provided with the loan if I have a bad credit?
Lenders sometimes provide money even to people who have had problems with credit in the past. To find out whether you are eligible, fill out the form on our website.
When should I repay the loan?
The loan should be repaid as soon as you receive the next paycheck. You will be charged additional fees if you don’t pay it on time. It also depends on the conditions of the lenders that you have agreed with. Our service doesn’t solve any financial issues with the lenders, we just represent the app that connects borrowers and lenders.
Whether the personal income has any influence on applying for a loan?
There are two things that should be considered. You must have permanent work and a stable income you are able to prove.
How many loans can I have?
The most of lenders provide only one loan at once.
How can I cancel my loan?
The most lenders allow canceling the loan within 24 hours from the moment of applying for it. You need to contact your lender as soon as possible.
Do I need to provide any additional documents?
It depends on the lender and if some documents are needed, you will be contacted beforehand.
Is the personal information that I provide to your service secure?
All the requested information remains secure and encrypted to protect your privacy.
What happens if I don’t repay my loan?
It will bring you additional fees or interest. But note that each lender has specific conditions so you should review the lender’s policy and contact the lender with any appeared questions before making any decisions.