What is a payday loan?
A payday loan or cash advance is a small, unsecured, short-term cash
loan typically backed by a future source of income, often times your
next paycheck or other anticipated benefit. These loans should only be
used when truly needed, such as in emergency financial situations. They
are not a solution to long-term debt problems. Be sure you understand
the risks of short-term cash loans and please borrow responsibly. If you
are facing long-term financial difficulty, please consider credit
counseling, education or other debt-management assistance such as
nonprofit financial counseling services in your community.
How does Payday Loans & Cash
Advance Birmingham loan matching service work?
Payday Loans & Cash Advance Birmingham is not a lender and does not make
credit decisions. It simply connects interested consumers with
independent, licensed third party lenders based on the information
provided. Begin by completing our simple form. Once submitted, Payday
Loans & Cash Advance Birmingham will try to connect you with an interested
third party lender. Every third party lender has their own terms and
conditions for payday loans (i.e., fees, repayment terms, renewal
policies, APRs, etc.), and each makes approval decisions separately. If
matched with an third party lender, be sure to fully understand the
lender’s terms and conditions before agreeing to them. If you do not
understand or agree to the lender’s terms and conditions, you may refuse
the loan offer. If you have any questions or concerns about your payday
loan, you should contact your lender directly.
Does Payday Loans & Cash
Advance Birmingham charge a fee to connect consumers with independent third
Registering to be connected with third party lenders at Birmingham Payday Loans &
Cash Advance is free! We have a material financial connection to
the network of participating lenders and we receive payment for each
potential customer referral. Payday Loans & Cash Advance Birmingham is not
a lender or a broker, there are no fees or interest directly associated
with registration. Payday Loans & Cash Advance Birmingham is a loan
matching service that facilitates your request for access to
participating third party lenders who may be able to meet your needs. We
do not make cash advances or credit decisions. If you are approved by a
lender, the rates and fees associated with your loan will vary from
lender to lender.
What amount can be borrowed with
a payday loan?
Typically, the amount that can be borrowed with a payday loan ranges
between $100 and $1,000. Please note, however, not all lenders offer up
to $1,000 and the amount offered by an interested lender may differ from
the amount sought. How much you qualify for depends on numerous factors
including your lender, income and employment. The fees and APR interest
rates you will be charged for the loan are provided to you in a written
document by the participating lender after acceptance of your
application and before you are requested to digitally sign a loan
agreement. You should review carefully before you are asked to sign. If
a participating lender does not ultimately extend an application and
loan to you, you will incur no cost whatsoever. Always print your loan
documents and other paperwork for your records.
If approved for a payday loan by
an independent third party lender, how quickly could I receive it?
An independent third party lender could transfer an approved payday loan
to your bank account as early as the next business day. Please note,
however, cash transfer times may vary depending on the lender and your
individual financial institution.
What are the minimum
requirements to apply for a payday loan?
Payday Loans & Cash Advance Birmingham is not a lender and does not make
credit decisions. Independent lenders have their own minimum
requirements which must be met to be approved for a payday loan, and one
independent lender's may differ from another’s. Such minimum
requirements typically include, but may not be limited to:
18 years of age or older
U.S. Citizenship Valid checking or savings account with direct deposit
Regular income of at least $1,000 per month
Not a regular or reserve member of the Army, Navy, Marine Corps, Air
Force, or Coast Guard (or a dependent thereof), serving on active duty
under a call or order that does not specify a period of 30 days or fewer
What information is needed to
use the services offered by Payday Loans & Cash Advance Birmingham ?
You must provide certain personal, employment and banking information to
be matched with prospective independent third party lenders. Such
information includes, without limitation, name, address, telephone
number, email address, social security number, driver's license number,
bank account information, and employment information. The information
you provide must be accurate. Once submitted, independent lenders may
perform a credit check or otherwise verify your social security number
or other information.
Is the information I provide
Payday Loans & Cash Advance Birmingham respects your privacy. Accordingly,
a variety of security measures are employed to maintain the integrity of
your private information.
Will independent third party
lenders perform a credit check?
Independent lenders may perform a credit check or otherwise verify your
social security number or other information. Each independent lender
makes approval decisions separately. Payday Loans & Cash Advance Birmingham
does not play a role in the credit decision process.
When must I repay my payday
Payday Loans & Cash Advance Birmingham is not a lender. Each independent
third party lender has their own terms and conditions for payday loans,
including those concerning repayment. Only your lender can provide you
with information about the date and time for repayment as specified in
your loan agreement. You should contact your lender directly with any
questions, comments or concerns.
What are the credit
We or our participating lenders may verify your social security number,
driver's license number, national ID or any other state or federal
identification and review your information against national databases,
including, without limitation, Equifax, Transunion and Experian to
determine credit worthiness and standing. Participating lenders will
typically not perform credit checks with the three major credit
reporting bureaus. If they do, please know that multiple inquiries on
the three national databases can result in a lowered credit score. By
submitting your information on this website, you agree to allow
participating lenders to verify your information and check your credit
as described in their policies and terms.
What should I ask my lender
Participating lenders may have their own individual renewal policies,
some of which may be automatic. Be sure to inquire whether your lender
automatically renews loans or requires your permission to renew the
loan. Understand that extending the repayment period for a loan may
result in additional interest and fees that can significantly increase
that total amount you are obligated to repay. Know your state's loan
renewal policies and review the lender's terms before agreeing.
What are the implications of
late payments and non-payment?
Each lender has its own criteria, including, without limitation,
additional fees, interest and collection costs. Be sure to inquire with
your lender regarding late payments and/or non-payments, and otherwise
read all of the loan terms, before you sign a loan agreement.
Is approval guaranteed?
There is no guarantee that you will be accepted by one of our
What if I am unable to repay my
payday loan according to its terms?
If you cannot repay your payday loan according to its terms, your lender
- Charge you late fees
- Send your account to a
- Report your information to a
consumer reporting agency (which may negatively affect your credit
- Offer to renew, extend or
refinance your loan (which may cause you to incur additional fees,
charges and interest)
Payday Loans & Cash Advance is not a lender. Only your lender
can provide you with information about your specific loan terms and the
implications of non-payment of your loan. Ask your lender about its
policies for non-payment.
CLICK HERE TO APPLY FOR A CASH ADVANCE ONLINE