What is a payday loan?
A payday loan is a small loan usually $500 or less, that is paid back plus interest on your next "payday."

What can a payday loan be used for?
You can use you money for whatever purpose you like. Whether you want to pay off some bills, buy something, or just have some fun it's all up to you!

How long will it take me to get approved?
Once you sign and fax the required documents we will evaluate your application and have an answer for you as soon as possible that day.

How do I get my loan?
Your money will be credited to your account overnight by ACH. Same day wires are available also for a small bank fee.

Do I need collateral to get a payday loan?
No, a job and checking account are typically the first and most significant requirements.

How will I know if I've been approved?
Once you're approved an e-mail confirmation is sent to you, or you may be contacted via telephone.

Can I still get payday loan even if I've declared bankruptcy or have bad credit?
Yes. Your employment is your collateral, and the bankruptcy must have a discharge date.

If I have a payday loan from another company, can I still get one by applying through your web-site?
Yes. We will accept applications from consumers who have other loans outstanding. Approval is determined individually by debt to income ratio.

Can I pay my loan back early?
Yes. There are no penalties for paying your loan off early. In some cases you may pay early and become eligible for a refund.

Is the personal information that I enter on my application secure?
Yes. MyCashTime.com uses several electronic and software security measures to keep your private information safe.

Does MyCashTime.com perform a credit check on me while processing my application?
No. We evaluate your employment, banking / non-sufficient funds penalty, and residence history. Also, we use two industry resources that help us evaluate your application - Telecheck and Teletrac.

What is the maximum amount I can be approved for?
First time customers most often are approved for $200-$300. Typically, once a solid and consistent payment history is established, customers can receive loans up to $1,000.

If my application is approved, when will the funds be available in my checking account?
The funds will most often be available in your account the next business day.
NOTE: Funds credited on Friday will be available on Monday.

What if I prefer to do the application over the phone?
Our Customer Service team is available Monday-Friday 8a-6p, Central Standard Time.

When do I have to pay my loan back?
Loans are typically due on your next paydate, and most loans are due in no more than 14 days. Alternative pay-down options are available upon request, coordinated with your paydates.

Can I do an extension on my loan?
Yes. If you wish, you may "extend" your loan, or request a "pay-down." In either case, additional fees will be assessed. Many customers find these options convenient.

Do I need to have direct deposit from my employer to be approved?
Direct Deposit is preferred, but not required.

If I would like to extend the due date of my loan - When do I need to contact you?
You must Request an Extension no less than 2 business days prior to your loan's due date.