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What is a payday loan?
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A payday loan, payday cash advance, or cash advance is a short term loan for times
when you need extra cash before payday. Its a quick and confidential way to get
a cash advance until your next paycheck. |
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What can I use a loan for?
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A cash advance from AAA Payday Advance can help you with anything from a tight spot
in your budget to emergency situations. You can use it for Back-to-School shopping,
Christmas shopping, to avoid overdrafts and late charges, utilities bills and car
repairs. Your advance can be used any way you see fit. |
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How much can I get?
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You will be able to apply for a payday cash advance from $100.00 to $1000.00. The
amount you are approved for will be determined by the information you provide aaapaydaycash.com. |
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How much will this cost?
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Our fee for a payday loan is $25.00 per $100.00 borrowed, with the
A.P.R. ranging from 304.17% to 1303.57%. Please refer to our Fee Schedule
for more information about our rates. A borrower may rescind their loan
and pay back the money borrowed without any fees by requesting a
rescission by 5pm CST the business day after receiving the loan.
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How soon can I receive my payday advance?
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Our formal guarantee is that you will receive your funds within two (2) business
days of your approval. However, if everything is completed by 4:00 PM CST, you should
receive the funds the next business day. |
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Do I need a fax machine or printer?
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We do not require faxing!*
It's Easy As 1-2-3
- Apply - Fill out your confidential application (link to app) in just a few minutes. No Faxing necessary!*
- Approved - No waiting! Get an instant approval decision. Over 88% of the loans we issue are instantly approved.
- Funded - Your funds will be automatically deposited into your bank account the next business day. No further action necessary on your part. We will automatically debit your account on your due date.**
*Customers may be required to provide proof of identity, income, etc. periodically.
**After the current loan is repaid, you must wait two (2) business days before a new loan can be funded.
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When will I hear from you?
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We will typically contact you by email within an hour of receiving the documents
required for processing your application. Our business hours are Monday thru Friday
8:30am to 6pm, Saturday 8:30am to 2pm CST. Applications submitted after-hours will
be processed in the order received on the next business day. |
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What is an A.P.R.?
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The A.P.R. is the annualized percentage rate of your payday loan and is used a tool
for consumers to compare the cost of various credit op0tions available to them.
Our A.P.R. range is from 304.17% to 1303.57%. Note: our loans are high-rate compared
to some other sources of funds, but if kept only for short terms, they can actually
be less costly than other alternatives. Please refer to our
A.P.R. Disclosure for more information, so you can make an informed final
decision. |
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How do I determine my due date?
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All loans are due on your next payday, unless your next payday is less than 7 days
away. In this case your check will be held until your second payday. The maximum
payday cash advance is 31 days. |
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Can I get an extension on my payday loan?
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YES! If you are unable to pay you loan in full on the due date, you can pay an amount
at least enough to cover interest earned to extend you loan until the next payday.
If you are granted an extension, a minimum of $25 per $100 borrowed will be drafted
from you account. Please note that we can only allow four (4) extensions. The loan
may not be rolled over beyond twelve (12) weeks after the day on which the deferred
deposit loan is executed. IN ORDER TO BE CONSIDERED FOR AN EXTENSION YOU MUST CONTACT
US 2 BUSINESS DAYS BEFORE YOUR LOAN IS DUE. |
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Can I pay my loan back early?
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Yes, you can pay your loan back early. You must contact us up to three (3) days
prior to your loan due date to let us know that you want us to debit your account
earlier than the due date. You will be entitled to a refund or discount of the fees,
depending on the date of payment. |
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In which state are you authorized to provide
loans?
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We are a Utah registered lender and our loans made in accordance with Utah statutes. Our
loans are governed by Utah law. Utah laws governing consumer loan agreements may
differ from the laws of the state where you reside. If you do not want to enter
into a loan agreement subject to Utah law, you should apply for this loan at a lender
located in the state where you live. We are also registered in the State of
Missouri. |
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How does the Return Customer feature work?
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Once you have applied at aaapaydaycash.com; we save your personal information in
our secure web servers, protected by your private Customer ID and Password. This
ID and Password is assigned to you at the end of your first application process.
Please retain this ID and Password for future reference. To re-apply in the future,
enter your private Customer ID and password in the login form at the top of each
page, and your pre-completed application form will be displayed for you. Review
the form to be sure all of the information is correct, update your next pay dates,
and submit your application. Its fast, easy, and secure. |
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