My Payday Loan

My Payday Loan

My Payday Loan Ratings & Reviews

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My Payday Loan is an online cash advance loan company that offers quick, reliable payday loans. They are a reputable company that has plenty of experience in offering people a quick loan when they are in a tight spot. People who are in financial need find that going to is a valuable resource that can be relied upon.

My Payday Loan offers short-term cash advances that are specifically tailored to fit the needs of those who find that they have an emergency need of cash. People who use do not want to go to relatives or friends for a fast loan, so they turn to cash advance stores, or seek help through online lenders like My Payday Loan. The financial needs that people sometimes have can be for things like an unexpected bill, auto repairs, or even for special events like a wedding.

When you apply for a cash advance online at, you may be able to borrow up to $1000. They have a set fee for their cash advances. You will be charged $25 for every $100 that you borrow. So, if you borrow $1000, you will be required to pay back $1250. My Payday Loan also offers new customers a free first time loan of $400. Repayment of your loan is expected within two weeks' time, but you can extend the loan by just making the minimum payment for the cash advance. The minimum payment would always be the amount of the fees that are charged for the principal you borrowed. Let's say you borrow $200. The minimum payment required would be the $50 fee that was charged for that borrowed amount.

One great thing about the services at is the fact that they offer what they call no fax payday loans. This means that you will not be required to fax supporting documents when you apply for a loan through them. To qualify for a no fax payday loan, you must have had your checking account for at least 90 days. You won't need to put up any collateral, but you have to have been employed for at least 6 months and have an after tax income of a minimum of $1000 per month.

First time customers at can get a cash advance loan for up to $300 if they qualify. Once your online application is received and approved, you can receive your money overnight. You have to apply for it before 5 p.m. Monday through Friday to get it overnight though. Once you have received your loan, you then have to submit a payment request to and let them know what payment amount you want to pay them on your due date. My Payday Loan will debit your account for the amount you specify. If you do not turn in your payment request form, My Payday Loan will debit the total amount due from your account on the due date. After you have paid the balance due from your first loan, you will be eligible to apply for another loan up to $1000.

Things that disqualify you include filing for bankruptcy during the past year, or if you have filed for it more than once. Being unemployed will disqualify you. You must have also had your job for at least 5 months. You are not allowed to have any other unpaid loans with them, and you need to have had your bank account for at least 3 months or you will be disqualified. Another reason that may disqualify you is more than one overdraft fee at your bank. Earning less than $1000 a month disqualifies you also. Do not give wrong contact and reference information because that will disqualify you also. If My Payday Loan cannot verify your personal information, they will disqualify you.

Before you can be approved for a cash advance loan, My Payday Loan will do a check with a national database that will verify your check writing history and loan history. However, they do not do a credit check because the loan repayment is directly debited from your checking account.

My Payday Loan works hard to make the terms reasonable and agreeable for all its customers. They are in the business to help in emergency cash need situations. Cash advances are great for emergencies, but should not be viewed as a way of meeting your budgeting needs on a regular basis. If you have a true cash emergency, you can always rely on