Answers for Most Common Payday Loans Questions

What are Minimum Requirements?

In order to apply for a payday advance and get approval, you must meet the following requirements
- Be at least 18 years old
- Be a citizen or permanent resident of the U.S.
- Earn a minimum of $1,000 per month in net income
- Own an active bank account
- Be employed at a job that you’ve been with for 90 days or longer
- Have a valid e-mail address
- Have a working, verifiable telephone number

What is the procedure of applying for a payday loan online?

To apply for a payday loan, complete and submit the application found on our website. At that point, the approval process will immediately get under way and an agent will notify you of your status.

Is there any application fee?

Paperless-loan.com NEVER charges applicants a fee to qualify for a payday loan. To avoid problems, don't transfer money to ANYONE via Paypal or Western Union. All payments are effected via your bank account only! As a rule, payments are effected automatically

Are payday loans bad for my credit score?

Taking a loan itself doesn't affect your credit score, just as applying for a bank loan or a credit card itself doesn’t affect your credit history.

Do I need to fax my information?

There is no need to fax any personal details. Loan proccess is COMPLETELY online. That is why we are called "Paperless-loan.com"

Do you contact current or former employers of your clients?

We will NEVER contact with your employer. None of your personal information will be passed onto any third party. Our loans are COMPLETELY confidential.

How will I know that my loan has been approved?

Your application will be processed within 5 minutes upon being received. You will receive an email notification once your loan has been approved. After that, our manager will contact you by phone to make loan confirmation.

When will I receive my cash?

Our Customer Service Department is open 24 hours, 7 days a week. So you can get money in your bank account within 1 hour after your approval. Sometimes (holidays, weekends etc.) money transfer can be delayed up to 24 hours.


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