No faxing cash advance loans. Apply online and get cash as soon as tomorrow!

First Name:
Last Name:
Email:
Yes	No
		Do you have an active bank account?

		Do you make at least $1,000 per month?

		Are you currently employed or receive a recurring income regularly?

Payday Loan Application
No Faxing Required

Are Cash Advance Loans Secured?

There is some confusion about how cash advance loans actually work. Some people don’t understand the difference between a cash advance loan and an ordinary personal loan like you would get from the bank. Are cash advance loans secured? What happens if you don’t pay them back? Those questions, along with many others, may haunt your thoughts. We have compiled a list of articles to help you figure out whether or not a cash advance loan is right for you. Please read on for some of these questions, or check back to our FAQ page for a complete list of articles.

Secured or Unsecured “That is The Question!”
While you don’t offer any actual collateral for repossession if you default on your cash advance loan, you do secure the loan via your future paychecks and bank account. A secured loan is one that has real property that can be “repossessed” by the bank and sold to help make up some of the principal of the loan if you default. You can usually get large secured loans because you are willing to offer the bank some assurance that they will get their money one way or another.

An unsecured loan is one which you offer no collateral for payment. Credit cards are largely unsecured which is why they have such high interest rates if you carry a balance for a long time. A loan that is unsecured means that the lender has no real assurance that they will be able to recover any portion of the principal if you should up and disappear. Unsecured loans tend to be for smaller amounts in order to limit the lender’s exposure.

A cash advance loan is not secured on anything but your promise to pay. You will need a bank account so the lender can draft their payments against your account on your next payday. Cash advance loans are usually made with the understanding that the principal and interest on the loan will be paid back as soon as you get paid again. The loans are for a short duration and a small amount of money.

If you don’t pay back your cash advance loan on or before the agreed upon date you can find yourself in serious trouble. The default interest rate on a payday loan can be in the neighborhood of 2000%.

Apply online and you will be contacted shortly.

Disclaimer: This website does not constitute an offer or solicitation to lend. Pay Day Loan Outlet is not a lender and does not make loans or credit decisions. Pay Day Loan Outlet provides a matching service only and is not acting as a representative, agent, or correspondent for any of the lenders we contract with. Pay Day Loan Outlet does not control and is not responsible for the actions or inactions of any lender. Pay Day Loan Outlet does not endorse any particular lender or loan product. You are under no obligation to use Pay Day Loan Outlet’s service to initiate contact, or apply for credit with any of the lenders. This service is not available in all States and the service availability and scope are subject to change without notice. Subject to our Privacy Policy, Pay Day Loan Outlet will transfer your information to lenders in our program and other service providers and marketing companies with which we do business. Pay Day Loan Outlet does not guarantee that completing an application form will result in your being matched with a lender, being offered a loan product with satisfactory rates or terms, or receiving a loan from a lender.

Participating lenders may verify your social security number and review your information against national databases
such as Teletrack, DP Bureau, Data X, and Accurint to determine credit worthiness, credit standing and/or credit capacity. By submitting your application and information on this website, you agree to allow any and all participating lenders to verify your information and check your credit. Cash transfer times may vary between lenders and not all lenders offer one hour service. Not all lenders can provide up to $1500.