Answers to Commonly Asked Questions

How much money do I have to make to get approved by Find Payday Loans?

• Basically, you have to a per-paycheck net that's more than the amount you're borrowing. Find Payday Loans will not approve you for a loan that you can't pay back with your next paycheck.

I know Find Payday Loans approves people with bad credit, but what about people with really bad credit? Is there a limit as to how bad your credit can be?

• The truth of the matter is there's no credit check involved, so the state of your credit history won't affect you one way or the other. If you have a job with direct deposit, you're not an at-risk customer as far as we're concerned because your payment will be automatically withdrawn after your paycheck is deposited.

How much money do I have to have in my bank account to get a loan? Does it have to be enough to cover the amount I want to borrow?

• Contrary to the logic of some traditional lending institutions, Find Payday Loans understands if you had the money in your account, you probably wouldn't need to borrow it. In fact, many borrowers apply for payday loans because they have overdrawn accounts. With the high overdraft fees charged by most banks, they find it's less expensive to replenish their accounts with borrowed money than to get socked with several overdraft fees.

Payday lenders mislead customers by offering loans with several hidden fees.

• Unless you're dealing with an illegal operation that has no interest in hiding their deceptive ways from the law, the full cost of a payday cash advance should be openly disclosed on the website and in disclosure agreements. That's in accordance with the Truth in Lending Act, which also requires short-term lenders to clearly outline the terms of the loan in the lending agreement.

While I can't say enough about the convenience of being able to apply online, isn't it a little risky to send my social security number and bank account information over the Internet?

• In this age of computer fraud and identity theft, the trained staff of lending professionals at Find Payday Loans understands the importance of keeping a lid on your vital information. And we utilize the latest encryption technology to safeguard our website against hackers and identity thieves.

I recently heard a politician call the payday loan industry a "drain on the economy." Is there any truth to that?

• None whatsoever. In 2007, the industry contributed more than $10 billion to the gross domestic product while generating more than $2.6 billion in federal, state and local taxes. Furthermore, lenders like Find Payday Loans provide 155,000 jobs for U.S. citizens, in addition to creating more than 28,000 jobs in supplier industries.