Shop PayDay Loans does not lend money; rather, we provide you with access to a network of established and reputable cash loan providers. There is no fee to use our online loan request.

Each loan provider in the network operates as a separate company and each establishes its own rates and fees. Shop PayDay Loans does not determine the fees or interest on any loan, nor does Shop PayDay Loans own any interest in or control any of the payday loan providers included in its network.

Submitting your inquiry for a loan at Shop PayDay Loans incurs absolutely no cost. Shop PayDay Loans is not a lender and does not provide lending services directly to consumers. Based on the information you submit, Shop PayDay Loans searches its database for potential lenders and/or loan products for your consideration.

The Truth in Lending Act requires full disclosure of all loan fees and interest rates that borrowers may incur. All fees and rate information should be disclosed to you by your lender at the time of approval. Upon the conclusion of lender approval, most lenders will direct you to an e-signature page that they provide.

Full Disclosure of Terms

The lender provides documents that contain all fees and rate information pertaining to the loan being offered to you by the lender. Please review the fee and rate information provided to you by your lender at this time thoroughly and completely before agreeing to the terms of the loan. You are under no obligation to accept these terms. If you decide the loan terms detailed in the lender contract are acceptable and wish to proceed with the loan process, e-sign the page and await transfer of your funds.

The loan fees and interest rates are determined solely by your lender, with specific amounts determined based upon the information you submitted to the lender. Shop PayDay Loans has no control or knowledge of the loan details between you and your lender. You are under no obligation to continue with the loan request if you find a particular lender’s loan terms unsuitable.

Late Payment Policy

Cash advance lenders have varying policies regarding late payments. Review the late payment policy detailed in the loan documents provided to you by your lender before appending your e-signature, and thereby agreeing to the loan terms. All lenders, however, must abide by applicable laws, rules, and regulations regarding late payment fees.

Non-Payment Policy

Additional fees or charges may apply to you in the event that you are unable to repay your loan. Shop PayDay Loans uses commercially reasonable efforts to work only with reputable lenders dedicated to pursuing collections of past due accounts with conduct that is fair and reasonable.

Loan Renewal Policy

Where rollovers, or repayment term extensions, are allowed, interest rates, along with any late fees that may be assessed, can add a substantial dollar amount to the end price of your loan. Read the lender’s terms in full regarding loan renewal options before signing the loan contract.

As part of the Truth in Lending Act, loan providers must inform you of all fees and interest rates they charge on their loans. Please understand that you are under no obligation to accept the loan if you find these terms unacceptable.

Rates and fees for loans are higher than those you will find at a bank. But cash loans provided by lenders in the Shop PayDay Loans network are not meant for long-term borrowing and are usually paid back in full, including interest and fees, on your next payday. For large loans, some lenders will allow you to split up the loan amount, along with all interest and fees, into several installments, until the loan is repaid in full.

Most bank loans cannot match the speed, convenience and easy credit requirements of a cash loan. Below are some reasons why cash loan providers charge higher interest and fees than most bank loans:

• Since cash loan providers have limited credit score requirements, the interest rate and fees reflect the higher risk that the loan provider is taking when lending you money.
• Most banks often require extensive documentation of your income and assets, but cash loan providers only require a recent paycheck stub, your checking account routing number and confirmation that you are over 18 years old.
• Most banks take at least a few days, if not weeks, before approving your request, but cash loan providers will approve your submission within an minutes in most cases.
• After you accept the terms of a loan, the funds will electronically transfer directly into your checking account within a few days.

Some states have enacted laws regulating the interest rates and fees loan providers can charge borrowers; therefore, your state of residence may impact the rates and fees charged on your loan. It’s a good idea to review the laws regulating payday loans in your state to see if such a loan would be advantageous to you.