FAQ's
What is a payday loan cash advance? - A payday loan, or payday cash advance, is an unsecured, short-term cash advance until you repay the loan on your next payday. Cash Depot provides cash advances to people who need to pay their expenses now and without paying expensive bank penalties for overdrafts and non-sufficient funds.
To apply for my cash advance, do I need to mail documents to Cash Depot?
Just email or fax your bank statement to us. No need to mail us paperwork. No need to go to the bank or notary public or anything like that. We do all transactions, including deposits and withdrawals, online. And if you prefer not to send personal information by email or fax when applying for your loan, a customer service representative will be happy to help you by phone.
If I qualify, how soon will I get the money I need?
We understand the urgency of your situation. The Cash Depot team of professionals is dedicated to getting you the cash you need as fast as possible: in most cases, the same day if you apply before Noon Pacific Standard Time; otherwise, we get your money to you as soon as possible the next business day (as long as your bank or credit union is open and accepting electronic deposits).
How will I know when I am approved?
Within one hour after you submit your application during normal business hours, we contact you by phone or e-mail. If you submit your application after normal business hours, we will call or email you promptly by the morning of the next business day. Our normal business hours, except on major holidays, are:
Monday through Friday: 9 AM to 7 PM Pacific Standard Time
Saturday and Sunday: 10 AM to 2 PM Pacific Standard Time
How do I know when I need to repay the loan?
Usually, loan payments are due on your next payday.
What is the cost to apply for a payday loan?
Nothing. It’s free. Cash Depot charges you zero to apply for a loan. No “processing fees.” No hidden fees. No fees whatsoever.
My credit score is low. Can I still get a payday loan?
No problem. Cash Depot does not check your credit history. We qualify you only by verifying that you have a current job or other source of income and receive regular paychecks.
I previously filed for bankruptcy. Can I still get a payday loan?
Bankruptcy won’t prevent you from getting a loan. Cash Depot does not check credit history. We only check to see that you have a job and receive a regular paycheck.
My income is from Social Security. Can I still qualify for a payday loan?
Yes. At Cash Depot, we know the harsh effects that today’s economy is having on all Americans, including seniors. We gladly serve retirees and offer loans against retirement incomes and pensions. Seniors are welcome to apply today and do what so many other people do on those occasions when their bills come before their paycheck does: get a cash advance from Cash Depot.
What is required to qualify for a loan?
There are just three basic requirements:
1. Be at least 18 years of old
2. Have a job (or other regular source of pay)
3. Have a checking/savings account in your name
What kind of collateral do I need to get a payday loan?
You don’t need collateral. You don’t need to own a home, car or truck, or other assets. You just need a job or other source of a regular paycheck. That’s the only collateral you need to apply for a loan from Cash Depot
What is the easiest, quickest way to apply for a payday loan?
Just Click Below: