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Payday Advance Loans
How It Works ~ FAQ's

Frequently asked questions about payday loans/cash advances

What is a payday advance loan?

A quick and simple way to obtain cash needed between paydays.

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A short term advance provides the cash needed to meet an immediate short-term cash flow problem. It is not a solution for longer term financial problems for which longer term financing may be more appropriate. You may want to discuss your financial situation with a nonprofit counseling service in your community. You will be charged additional fees if you renew/extend the advance.

How much can I get advanced until my next payday?

Your first time advance can be up to $1000!!! Your approval amount is determined by the following: monthly net income (we cannot advance more than you can afford to repay), length of current employment, if you currently have a payday advance (paycheck advances, pay day loans, short term loans, payday cash advances, etc) with another provider.

Upon approval, you will be contacted by phone to confirm the amount of your first cash advance and repayment date.

All loans provided are scheduled for repayment on your next payday up to 18 days!

If your next payday is 4 days or less from the application date, repayment will be scheduled on your following payday!

Notice: Having made application for check advances, pay day loans, short term loans, payday cash advances, paycheck advances, payday cash advances with more than one other provider may cause your application to be declined.

How much does it cost?

Our fee is $20 per $100 advanced.

Amount Advanced
Repayment Amount

Annual Percentage Rate (APR) Table:

 Loan Amounts available depending on your earnings and approval
$100 $200 $300 $400 $500 $600 $700 $800 $900 $1000
Finance Charge

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How long does it take to get the cash advance?

Upon approval(normally 30 minutes), we transfer your cash advance that same day, to arrive your account the next business day, or ask for your no cost AmeriCash Express ATM Card. and have your cash the same day within an hour.

Notice: The maximum loan amount loaded into your AmeriCash Express ATM Cash Card is $1000.

All future requests that are received Monday through Thursday by 5:30 P.M. Eastern Standard Time, The cash advance will be in your account the next business day. Requests received on Friday, will arrive at your account Monday. (Banks and credit unions do not accept ACH transactions on weekends) Requests received on weekends will be processed on Monday for Tuesday arrival. All National Holidays are observed, and requests, will be processed the following business day.

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What are the requirements for approval?

  1. Full-time employment (not through a temp service).
  2. Minimum of $1200 (after taxes) salary per month.
  3. Paid weekly, bi-weekly or twice a month.
  4. Active checking and/or savings account in good standing.
  5. Minimum 18 years of age.

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Do I need access to a fax machine?

If you are a new customer applying for the first time, you may be asked to fax your current bank statement and a voided check before your loan application can be considered. Previous customers with bank statements on file that are more than 90 days old, may need to fax a new current bank statement and voided check when they apply for another loan.

Our fax number (877)369-6702.

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How do I receive the money and how do I pay?

Your acceptance of our terms and conditions, provides pre-authorization for us to electronically transfer cash of approved amounts, by Federally regulated EFT (Electronic Funds Transfer) also known as ACH (Automated Clearing House) into your account, and to obtain payment from your account on scheduled repayment dates.

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What if I have no credit history or a bad credit bureau file?

Not a problem, we do not check your credit with the major bureaus, however we do utilize TeleTrack and CL Verify. These are customer reporting services that provide information on lending, payment, and checkwriting histories.

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Do you require collateral?

No, we do not require any collateral.

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How is my Due Date determined?

All loan due dates must be on your next scheduled pay date up to a maximum of 18 days.

• If you get paid once a week: Your Due Date will be the subsequent pay date.
• If you get paid twice a month or every other week: Your Due Date will be your next payday, unless that payday is less than 5 days out, in which case your Due Date will be the following payday.

Prepayment: You may prepay all or any part of the amount due at any time without penalty. If the advance is prepaid before the final installment date, you are entitled to a rebate of the unearned Finance Charge. The unearned portion shall be calculated on a pro-rata basis using a percentage derived by dividing the number of days from payment until maturity by the total number of days of the original loan term. Call Customer Service toll-free (877)369-6700 to schedule prepayment.

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Can I extend my repayment date?

Certain states allow extensions or renewals on payday loans. You may also pay an additional amount to reduce your total principal and interest at anytime.

We encourage you not to extend payment of a cash advance loan, unless it's absolutely necessary. It is not our intent for your cash advance loan to become a long term financial obligation.

You will be charged additional fees if you choose to renew/extend rather than make payment in full on the original scheduled payment date.

With your extension of payment request, we will debit the interest earned fee portion on the original scheduled due date. This enables continued use of advanced funds until your next scheduled payment date (usually your next pay date) when the original advance amount plus additional interest fee will be due in full.

Click here to learn how you can reduce your fees.

Click here for extension of payment policy.

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Are your online payday advances secure?

YES. Our website is secured by GeoTrust to ensure the safety of all your confidential information. Our GeoTrust SSL certificate may be viewed on each secured page.

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Can I request more than one advance at a time?

One advance at a time is allowed. Upon receiving bank confirmation report that your previous advance payment has cleared (normally 3 to 5 business days) you may request another advance.

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What if I change my mind?

You may rescind the deferred deposit loan without incurring any charges by notifying Americash Advance by 5 p.m. Eastern the next business day following the loan transaction. Upon notification we will debit only the loaned amount from your account the following business day.

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What about electronic records?

Access to electronic records is provided by industry standard web browser software and the Internet. By your use of our web site, you affirmatively demonstrate your ability to receive records and present your signature electronically using the AmeriCash Advance LLC system. Your records may be printed or saved to your computer at any time.

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Can I get paper copies of my records?

Paper copies of your records are available by calling AmeriCash Advance LLC at (877)369-6700 and requesting records for $1.00 per page.

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How can I update my contact information for electronic records?

Please call AmeriCash Advance LLC at (877)369-6700 and to request record changes (i.e., a change of your primary email address).

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Can I revoke my ACH payment?

No. The ACH Authorization can only be revoked AFTER we have received payment in full of the amount owed. Because our advances are single payment advances (that is, we advance a sum of money that is to be repaid in a lump sum), we are permitted to require ACH repayment in accordance with the federal Electronic Funds Transfer Act ("EFTA").

Under The EFTA, a lender cannot require a consumer to repay a loan by means of preauthorized electronic funds transfers as a condition to approving the consumer's loan. The term "preauthorized electronic funds transfer" is narrowly defined by the EFTA to mean "an electronic funds transfer authorized to recur at substantially regular intervals." As explained by the Federal Reserve Staff in its official commentary to the EFTA, "Creditors may not require repayment of loans by electronic means on a preauthorized, recurring basis." 12 C.F.R. 205, Supplement I - Official Staff Commentary, at 10(e) (1) (Loan Payments). As a one-time payment, the repayment of an AmeriCash Advance loan is not encompassed by the EFTA's definition of "preauthorized electronic funds transfer," and is therefore permitted under the EFTA.

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DISCLOSURE NOTICE: This service and website does not constitute solicitation to provide short term/ payday loans/ cash advance loans in all states.  Payday loan cash advance service or fast cash loans may or may not be available in your particular state.  We are a Delaware licensed lender.  Delaware consumer loan agreements may differ from the laws of the state where you reside.  If it is not your intent to enter into a loan agreement subject to Delaware law, you should apply for this loan with a lender located in the state where you live.

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