How a Payday Loan Works

Signing up for a payday loan with Power Payday loan is simple – the only thing you need to worry about is filling out an online form with the most up-to-date information you have about your working situation and we’ll take care of the rest. We match you with a lender who can then service your payday loan request. After your completed form has been submitted to our lenders, a loan representative will contact you at the number you supplied on the form (make sure it’s a number you have access to at the time you apply) and will confirm the details and finish up the rest of the process. In a few cases it may be necessary to fax in documents to verify assertions as listed on your form, but you may avoid faxing documents if you are careful to be honest about your living and working situation when answering the form’s questiojns. If you are approved, your funds will be direct deposited into your bank account on the next available business day.

Who can qualify for a payday loan?

Most lenders will require the following:

  • You must be employed or receive regular income from a program such as social security or welfare
  • If employed, you must make at least $1000 per month or $800 if you receive income through a government program
  • You must be 18 years old as well as a citizen of the United States
  • You must have an active savings or checking account that allows for direct deposit

What about repaying my payday loan?

Our lenders have a few repayment options available should you not be able to pay back your loan amount and fees on the expected repayment date. Please note that these options may vary depending on the lender.
Option A: You may pay your loan amount back only and roll the finance charges into a separate loan
Option B: You may pay the finance fee and part of the loan amount back, rolling the remainder into a separate loan
Option C: You may pay the finance fee only and roll the full loan amount into a separate loan
It’s important to note that additional rules and restrictions may apply in each of these situations, so be sure to ask your loan representative about your options.

Sign up for a payday loan now!

We think you’ll agree that our lenders’ terms are fair and extremely competitive, so if you’re satisfied with what we have to offer go ahead and sign up for your payday loan today - our lenders are waiting to hear from you!

What are Payday Loans?

Payday loans are small loans you can use when you are temporarily out of money. Most often, payday loans are short term loans (two weeks or so) for a modest amount of money (a few hundred bucks). To get a payday loan, you typically write a check for the amount you are borrowing – plus a fee. You might leave the check with the lender, and they cash it once you are ready to repay. If you can’t repay your payday loan when it comes due, you can “roll it over” so that the loan is extended. You don’t have to repay it, but fees keep accumulating.

Costs of Payday Loans

In general, payday loans are extremely expensive. You end up paying an annual percentage rate (APR) that may be several hundred percent. For example, you might pay a $20 fee to borrow $100.00 for two weeks. The Consumer Federation of America has some nice calculations comparing payday loans to the alternatives. These show that you would pay about 426% APR on a payday loan.
Payday Loans– Fast and Secure.

Traditional methods of borrowing money have changed over the years. In most cases, asking family or friends to lend you money can become an embarrassing or difficult endeavor to undertake. Getting approved for a line of credit or unsecured cash loan from a bank has proven to be a challenge due to strict restrictions and bank requirements. The bank application and approval process can be time-consuming and may not lead to an approved cash loan. Your credit score may be important when you apply for a loan with a bank. However, at our lenders do not check your credit; we require NO CREDIT CHECK for cash advance loans. When faced with an emergency cash situation, where you need quick cash is here 24/7 to fulfill your payday advance needs. Millions of borrowers have been rescued with an instant payday loan.

To be approved for a cash advance loan, most lenders will require that you:

  • Are 18 years of age or older.
  • Reside in the United States.
  • Have a steady income.
  • Have a checking account.
  • Possess a valid phone number.

Cash advance loans require no long-term commitments and the entire application process can be done from the comfort of your home or office. The online cash loan application takes less than 5 minutes to fill out. Our lenders offer a faxless payday loan with no credit check. Consumers prefer to get their cash advances online at, where only a few qualifications are required for instant loan approval.

The entire cash advance process is fast, easy and secure:

  • No credit checks.
  • Immediate approvals.
  • Secure and private.
  • Quick cash is directly deposited into your account.
  • Automated repayments.
  • Loan extensions available.

We also offer instant access and cash advance services for returning customers. Generally, cash advance loans are paid back when you receive your subsequent paycheck. In some cases, two to three pay periods may elapse before payment is due. When looking for cash in advance has the instant cash lender for you.

While your paycheck may have a scheduled time of arrival, financial emergencies are unexpected. Often times, you need fast cash to lessen the chaos or to prevent further damage to your financial health.

Is it Easy to Apply for a Payday Loan?

The online cash advance payday loan application form takes less than 5 minutes to fill out and is subject to instant approval. Before filling out the payday loan application, have your most recent pay stub and bank statement ready for a quicker approval process. Your information is protected by the latest encryption and security methods, so your information is safe with us.