What is a signature loan or cash advance?
A loan or cash advance is an unsecured, short-term cash loan to help you until your next payday. Customers choose signature advances to cover small, unexpected expenses while avoiding costly bounced-check fees and late payment penalties. At www.loans.innovativefinance.org, you can visit lenders online for a loan and your advance will be electronically deposited to your checking or savings account.
What can a loan be used for?
Whether you are taking care of your holiday needs, paying off bills, celebrating a special occasion or covering an unexpected cost your payday loan is there to be used at your own discretion.
How much can I receive?
You may request up to $35,000, but ultimately the lender will determine the amount of the loan based on your application.
How do I qualify for a loan?
You should meet all of the following requirements:
• Currently employed (or receive regular income)
• Make at least $1000/month
• Be 18 years of age or older and a U.S. citizen
• Have a checking or savings account with direct deposit.
What is the procedure to request a loan online?
To request for a loan, complete and submit the request form found on our website. At that point, the approval process will begin immediately and an agent will notify you of your status.
What information do I need to complete the request form?
We need your name, address, employment information and banking details in order to complete your loan request.
Does submitting a request obligate me to take out a loan?
No. Submitting a request is simply a request for approval from one of our agents; and for the agent to contact you to discuss your loan options. You may ask us any questions and withdraw your request if you so choose. If you are ready to proceed, you may confirm your information and officially agree to terms with one of the lenders representatives.
What if I have bad credit?
Many applicants are still approved even with less than perfect credit. Be advised that you must still meet employment and income minimum requirements.
Does being a tenant influence my eligibility?
Whether you rent or own your home, it does not affect your eligibility for a payday loan.
Do I need to fax my information?
In most cases there will be no need to fax information. It is only in the rarest of cases that you will be asked to fax information.
Can I have more than one loan at a time?
Depends on the lender
Do I need direct deposit?
Yes. Your bank account must be set up with direct deposit to qualify for a cash advance. It is the most secure and expedient way to complete our loan transaction.
When will I receive my loan?
Your application will be processed within minutes of receipt. Once approved, you may collect your loan the within the next 7 business days.
When will my loan be due?
Each state and lender has different rules and regulations regarding loan due dates.
What if I want to pay back my loan early?
Contact the lender if you wish to pay off your loan before the scheduled due date.
What if I am unable to repay my loan by the due date?
Every effort should be made to repay the loan on the due date. Some lenders may extend the loan, but not necessarily all. Legal options may be pursued if your are delinquent on your loan. Please familiarize yourself with your loan agreement.
How often can I get a loan?
We are available any time you need financial assistance between pay periods. We encourage all of our clients to use these loans responsibly and keep in mind that a signature loan is a short-term solution to an urgent cash need. They should not be used repeatedly to deal with continuous budgeting issues.