What is an online payday loan?
A payday loan (also called a payday advance or cash advance) is a small, short-term loan that is meant to be used in emergencies to cover unexpected expenses that come up in between paydays. The intent is to pay back the short-term loan in full on your next payday, plus a fee charged by the lender. There are many store fronts that offer this service. Online payday loans are essentially the same thing but applications can be completed online.  A response to your application is usually displayed within seconds. If approved, funds are transferred to your checking account via ACH (automated clearing house) and debited back out the same way. Many people prefer online payday loans for convenience and confidentiality.

How quick can I receive a payday loan?
In most cases, funds are credited the next business day after being approved for a loan. However, since we are a matching service only, you will want to confirm this with the lender that approves your loan. Don’t be hesitant to ask questions. Lenders prefer that you understand the terms and are willing to help you.

What if my credit is bad or if I have outstanding loans?
Although bad credit will not prevent you from getting a payday loan, it does not guarantee that you will be able to obtain one. Many times lenders will still accept your application if you have outstanding loans. And they usually understand that your decision to get a payday loan may be a result of a few bad marks on your credit. But, be careful not to take out more than you can afford. It is important that you pay off your previous loans before applying for another payday loan.  Make sure that you understand your financial situation fully and the amount of interest that you will be paying back. Always remember that taking out more payday advances than you can afford can add up fast and cost you more in the long run.

Is 1StepCash.com a safe and secure site?
Keeping financial information secure is one of our most important responsibilities. We maintain physical, electronic and procedural safeguards to protect customer information. All sensitive data is encrypted.  And all reputable lenders will take a similar approach to security to preserve the integrity of their business.   

Will I need to fax any documents?
The short answer is no. Most lenders do not require any documentation to be faxed in. There are some, but rare cases when the lender may ask for an additional piece of information to confirm the data provided on the application.

What happens if my application is not accepted?
Just because your application is not accepted does not mean other lenders outside our network will not. If you are not accepted, other options will be presented for you to receive a payday loan.