QUESTION 1: How Long Do I Have To Pay Off The Loan / What Are My Payment Options?

ANSWER 1: Typically, borrowers have between 8 and 25 days to pay off a loan, but there is no standard time period - it depends on a number of factors, including the lender, the state and local loan laws, the amount borrowed and other factors. In most cases, the repayment period is based on the borrower's pay periods at his or her place of employment.

Most lenders will send an email 1-2 days prior to your due date reminding you when your payment is due. If your bank account doesn't have the money available to pay for the loan in full, you may be able to contact your lender directly to discuss possible loan repayment options. You'll be given your loan due date when you initially take out the loan.

QUESTION 2: How Do I Know That My Loan Has Been Approved?

ANSWER 2: You will receive an email notification once your loan has been approved. REMEMBER: Our lenders can reserve the right to make adjustments to your loan approval up until the time you receive the funds in your bank account, based on any NEW information regarding your loan application.

QUESTION 3: What If I Have Bad Credit?

ANSWER 3: Bad credit will not prevent you from receiving a payday loan at ZapPayday.com. Our flexible lenders will work with you, even if you have already been turned down by other lenders. There is no harm in applying so APPLY NOW

QUESTION 4: When Will My Loan be Due?

ANSWER 4: Your due date will normally land on your next payday that is between 8 and 25 days away. Each state has different rules and regulations. If you have questions, review your loan contract or contact your lender directly. REMEMBER: there may be specific laws and regulations, depending on the state you live in.

QUESTION 5: How Much Can I Receive?

ANSWER 5: Your qualified loan amount is based upon the information you provided in your loan application. After successful repayment of your payday loan, your lender may increase your loan amount on future loans. The amount of your loan also depends on the state laws and regulations where you live. Typical amounts for short-term loans can range from $250 to $1,000.

QUESTION 6: When Will I Receive My Loan?

ANSWER 6: After approval, your application is sent confidentially and securely to one of our lenders and is usually be processed within 1 hour. Generally, most individuals will receive access to their funds within 24 hours (sometimes longer if the loan is processed after business hours, on weekends or holidays)

QUESTION 7: When I Pay Off A Loan, How Soon Can I Receive Another Loan?

ANSWER 7: It normally takes 2 business days for your payment to clear the bank. Once the payment clears, it will be reported and one of our many lenders can normally issue you another loan. Many times, the new loan is for a higher loan amount. Feel free to APPLY NOW to see if you qualify for another loan.

QUESTION 8: Why Wasn't I Approved for a Higher Loan Amount?

ANSWER 8: At ZapPayday.com we do our best to seek out the highest loan amount possible. HOWEVER: depending on many factors - including our available lenders, your credit history, state, income, and employment information - you may not qualify for more than $500.00 the first time.

QUESTION 9: Why Do You Need My Bank Account and Social Security Information?

ANSWER 9: Most of the time to be eligible for a payday loan, lenders require that all applicants have a checking or savings account in order to wire funds directly to you, once the loan has been approved and accepted. If you do not have a bank account, we recommend that you apply for a check card that accepts wire transfers. As for your social security number, the lenders in our network DO NOT perform credit checks, HOWEVER, they DO need your social security number to search a national database of consumers who have a record of loan transactions.