Frequently Asked Questions About No Fax Payday Loans
Is there an application fee?
Personal Money Store never charges a fee for you to fill out an online application. We never charge fees to submit your application to lenders. Typically, none of the lenders will charge an application fee either.
Does bankruptcy disqualify me?
The vast majority of the time, a bankruptcy does not harm your ability to obtain a payday loan. Most lenders will not even run a credit check in order to fund your personal, installment or payday loan.
Will applying affect my credit?
Applying for a personal, installment or payday loan at Personal Money Store should not harm your credit in any way. In fact, most lenders do not run a credit check at all.
Do I need direct deposit?
Most of the lenders require you to have an active checking or savings account, in order for you to be able to receive direct deposits.
How our process works?
All you do is fill out a short application. The lender will review your online application and notify you regarding the outcome of your loan by email. Then your funds will arrive in your bank account via electronic transfer. It’s that simple.
What if I have to make a late payment?
If you should find yourself unable to make a payment on time, we encourage you to contact the lender and inform them of your inability to pay on time. The lender may be able to work with you.
Is my loan application private?
Your information is used only by us and the lenders of your personal loan, installment loan or payday loan.
What are the qualifications?
Your income is over $1,000 per month. You have a job and your employer directly deposits money into your account. You are at least 18 years old and a U.S. citizen.
How long does the application take?
Filling out the application should take only 2-3 minutes.
How long do I have to wait for the money?
It is possible to have funds deposited into your account, sometimes within as little as 2 hours.
How many lenders see my application?
As many as possible see your basic application in order to allow them to compete against each other to offer you an awesome rate.
What are the security procedures?
All important information is gathered from you securely using the latest SSL encryption technology used by banks and lenders worldwide.
Is it safe to apply online?
Yes, we use 128-bit SSL encryption which is an industry standard to encrypt your secure information (such as your bank routing number or social security number).
What are the terms of use
Click on this heading to see our full terms of use for this site.
Spend your cash quickly
Don’t you think it would be nice to spend your cash in just a few hours? This would give you the benefit of saving time and energy. The structure of this website is meant to take the guesswork out of discovering which lender is best for your financial situation. Applications are submitted to a long list of lenders, one company at a time.
Which lender will I use?
If the first lender accepts the application no other lenders will see it. If they decline it or there is a computer error, the application is then submitted to the next lender in line.
How long does it take?
The application continues through the list until we find a lender that fits your situation. All in a matter of 20-30 seconds.
Approved applicants are informed that they qualify for their personal loan with one of the companies in the network of lenders.
Where do I sign?
From there you will sign an e-signature agreement. This is when you are informed if there is faxing, credit checks and the terms and conditions involved. If you are approved, the funds will be wired to the your account.
Actual agreements are between you and the approving payday lender and not Personal Money Store. Read the agreement carefully and be an informed consumer.
Make sure you also read the disclosures on this site carefully, including the disclosures about credit checks, faxing, interest rates, and other terms and conditions that may be applicable to your situation.
