Loanbyphone.com – How a payday loan works

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Loanbyphone.com – How a payday loan works

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Embarrased? How Much does it cost? Visit Loan by Phone Frequently Asked Section

FAQs

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Q: I am embarrassed about my financial situation. Is my online cash advance confidential?
A: We respect our customers' desire for privacy in managing their personal financial matters. The online cash advance transaction is a confidential one, and we will treat your personal information accordingly.

Q: Will you inform my personal references that I have applied for a loan?
A: We do NOT tell your references you are applying for a loan. We only call your references to verify that the numbers are valid.

Q: How is my online cash advance loan amount determined?
A: State law generally regulates the maximum advance amount available. Within the allowed range, you will qualify for a particular advance amount based on your current income.

Q: How are payday loan fees established?
A: Our Payday advance fee is competitive and in compliance with applicable state or federal law. It is our goal to offer you the best online loan service at competitive fees.

Loanbyphone.com offers short-term payday loans and cash advances to get you the quick cash you need.

Here's how it works (Mouse over to expand details)

• Apply for a Payday Loan: Applying for a payday loan or faxless cash advance with Loan By Phone is Quick, Easy & Convenient! Simply fill out our secure online cash advance application with the most up-to-date information you have about yourself, your current work situation or source of income and your bank account. We will take care of the rest.

• Get Approved

Loanbyphone.com is licensed in and permitted to offer faxless online cash advances and payday loans in: Alabama, Arizona, California, Delaware, Idaho, Kansas, Louisiana, Michigan, Mississippi, Ohio, South Dakota, Utah, Wisconsin and Wyoming. If we are able to verify your current residence, employment and bank information when completing the online application form, your loan application may qualify for our faxless approval process. In the event that we are unable to verify your application information, it may be necessary for you to fax in documents in order to complete the approval process.

If you live in a state where faxless online cash advances are not permitted, you will be asked to fax additional information such as a state issue ID, a pay stub, or bank statements. After you complete the application and submit it to us, a loan representative will contact you at the number you supplied on the application (make sure it is a number you have access to at the time you apply). Our customer service representative will confirm the details and finish the rest of the application process. Rest assured that this does NOT slow down the loan approval process. In fact, it will speed it up!

• Get Your Payday Advance Cash Fast: Once you are approved, your funds will be direct deposited into your checking account on the next banking business day. LoanByPhone now offers next-day processing on all approved applications received before 7:00 PM EST. If your application is approved before 7:00 PM EST most banks allow us to fund your account the next business day. Other lenders stop funding their loans at 6:30 PM EST so you do NOT get your cash for 2 business days. Apply at LoanByPhone and get your cash tomorrow.

• Pay Back Your Cash Advance: On the date of your next paycheck (as listed on your online application), we will deduct your repayment amount automatically from your bank account. You will not have to worry about mailing in any payments or remember to check on irregularly scheduled transactions. Be sure to watch your budget or to remind yourself prior to your payment due date. Your customer service representative will gladly help you with any questions or problems. Call 877-577-7977 or email CustomerSupport@LoanByPhone.com.

We help people who need a fast, convenient, and confidential payday loan in as little as 24 hours. If you have a steady source of income and a bank account, you may be approved for a loan of up to $800 in as little as one hour. Once approved, we’ll electronically deposit between $100 and $800 directly into your bank account as early as the next business morning. You can count on us to provide a safe and secure online lending experience. It’s QUICK, EASY & CONFIDENTIAL^®