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| 1. What is a
deferred deposit loan, or post dated check advance? |
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A short-term money advance
provided until your next pay day or benefit payment
date. |
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| 2. How does
it work? |
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Upon your submission
of a loan application we will review it for approval.
Once approved, we will fax you a disclosure and authorization
form that will allow us to disburse the money electronically
via ACH to your bank account. The authorization form
will also allow us to debit your bank account for repayment
on the loan's maturity date. |
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| 3. What do I
need? |
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If you are employed or
have some form of guaranteed income, SSI, SSDI, military
pension, etc., you can apply. We will confirm the information
you give us as well as perform credit verification.
If you meet our minimum criteria, you will be approved. |
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| 4. Does a poor
credit history disqualify me? |
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Not necessarily. We are
here to assist customers when the need arises. Many
of our current customers have credit difficulties from
time to time. |
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| 5. What if I
filed bankruptcy? |
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You may still qualify,
if the bankruptcy is discharged, subject to our normal
employment and residency requirements. |
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| 6. Is collateral
required? |
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No. We do not take collateral. |
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| 7. How long
does it take to get the CASH ONCALL LOAN? |
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The approval process
usually takes 20-45 minutes. Delivery of funds into
your checking account or to your home can usually be
arranged either on the same day or the next banking
day. |
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| 8.
What should I do if I think if my check might not clear the
bank? |
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Call us immediately.
A "bounced check" could cost you substantial
"NSF" fees by your bank and can also damage
your credit rating. While your obligation to repay is
not waived, we will attempt to assist you. |
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| 9. Is this transaction
confidential? |
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Yes. The internet application
is secured by "SSL" encrypted technology.
In addition, any records you provide either by internet,
or telephone, or fax, will be maintained with the strictest
confidence at our electronic commerce center. |
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| 10. Can I request
multiple CASH ONCALL loans? |
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No. Only one (1) CASH
ONCALL loan can be outstanding at any given time. |
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| 11. What are
the benefits if I repay the CASH ONCALL loan on time? |
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Customers with a good
repayment record will have this information recorded
with Tele-Track and Experian credit reporting services.
In addition we reward our customers with VIP service. |
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| 12. What happens
if I don't follow through and fail to repay my CASH ONCALL
loan? |
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We would not stay in
business if our customers did not honor their agreements.
We reserve the right to collect delinquent loans using
all legal remedies available including legal debt collection,
civil court action, and negative consumer credit reporting.
We do report negative credit activity to both Tele-Track
and Experian credit reporting services. |
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| 13. What is
a Demand Draft? |
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A Demand Draft is a check
created in lieu of your personal check per your authorization.
We may obtain your authorization via internet, fax,
or telephone. |
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| 14. What is
an ACH? |
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An ACH (Automatic Clearing
House), is the electronic system setup by banks to transfer
funds between themselves. In our loan agreement, you
authorize us to receive loan repayments via ACH. |
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