MyPaydayLoan.com Payday Loan Company Overview

MyPaydayLoan.com is one of the most popular online payday loan companies due to the fact that they are offering a free loan to every first-time applicant (may be subject to change in the future). They are also in the top search results for the term "payday loan" in Google (may also be subject to change in the future). They have a pretty well-organised FAQ section to answer the most common questions.

» Visit MyPaydayLoan: MyPaydayLoan Payday Loan Company Website

Requirements to Apply for a Payday Loan at MyPaydayLoan
- Must have a CHECKING account that is at least 3 months old
- Must be currently employed, making at least $1000 NET PAY per month

You will be DENIED for a payday loan if:
- You have filed for bankruptcy within the past year, or have filed multiple times
- You are currently unemployed
- You have been employed at your present job for 5 months or less
- You have an outstanding payday loan and/or unpaid returned checks
- You have a newly opened checking account
- You have multiple NSF/Overdraft fees in your checking account
- Your monthly NET income is below $1000.00
- Your contact information/reference information is invalid
- We are unable to successfully identify your personal information
- We are unable to verify your bank account information
- You are paid monthly

General Information
- APR: 506.94%+
- Fees: $25 for every $100 over 14 days (25%)
- Faxing: Not required
- Loan Amount: $100 - $1000 (subject to certain conditions)
- Term Length: 7 days, 14 days or 18 days
- Credit check: Not required (should have no bankruptcy records within the past year)
- Approval: Fast (within minutes - 9 am to 6 pm EST Monday through Friday)

Repayment Options
- Elect to pay the total amount due (Fees will be waived if you are a Free Loan customer)
- Elect to pay the minimum amount and extend the loan with a NEW CONTRACT*
- Elect to pay more then the minimum amount and extend the loan with a NEW CONTRACT* (Payment will initially be applied to the fees and the remainder of the payment will be applied to the principal!)

*A NEW CONTRACT MEANS: You are entering into a new loan period, which obligates you to pay the finance charge associated with your new principal balance at the end of the next pay period.

» Visit MyPaydayLoan: MyPaydayLoan Payday Loan Company Website

Payday Loan Companies | Online Payday Loans | No Fax Payday Loans | Bad Credit Payday Loans