MomentumPayDay is a linking service which presents your request to the vast network of lenders. There is no professional fee. The fees and rates are cited specifically by the lender who complements to your profile's needs. MomentumPayDay is not a lender and won't give you or any other individual any advances.
It is understandable for new customers to have questions about MomentumPayDay which is the reason we have assembled the most widely recognized questions into this FAQ. On the off chance that you have any question not answered in this FAQ we'll be happy to answer them. All you must do is to get in touch with us.
Any questions relating to loan payments, request status and extensions and so on should be directed to the lender who offers you a loan against your request. Once your request has been submitted on the lender's website you'll get the lender's contact data.
- Should be employed in your current position for around 90 days at least
- Should be older than 18 years of age, should be a US citizen or a permanent resident
- You should have a minimum income of $1000 each month after tax deductions
- Should have a valid email address, work phone number and home phone.
You could be eligible to any amount up to $5000. The approved amount will be determined by the lender. Having a working email address, work telephone number and home telephone are some of the usual prerequisites for getting a loan.
Yes you could still get it despite bounced checks, bankruptcy and credit related issues.
It could take as few as just 2 minutes to process the duly filled form. You could get your loans within one or few business days.
You should have printer so as to print out the loan documents. Also the lender who receives your request will also require you to fax over the data to him. Data such as your bank statement and a compensation stub should be faxed over.
There is no cost to use MomentumPayDay. The fees of the loan will vary depending upon the amount and the lender. The lender will inform you of the fees for the loan which may vary depending on the lender.
Yes you may qualify, regardless of the possibility that you have another outstanding loan you can still qualify. In any case, you should make certain to disclose this outstanding loan to the lender.
Both the loan fees and the sum is debited from your bank account once the due date comes. This saves you from visiting any store. An extension can be requested by reaching your lender before the due date. Nevertheless, there will be extra fees which apply to the extension.
There are distinctive policies set by various lenders in our network. It is advised that you check the policies relating to late instalment frequently found in the lender's documentation before inserting your e-signature on that archive. Many states have laws that direct how much lenders are permitted to charge for late instalment.
We use state of the art technology. How is my private information to be protected? We use state of the art security systems. All your private information is kept securely in an encrypted format to ensure your security and privacy.
The state laws on this vary, if a lender can allow you an extension frequently alluded to as a 'rollover'. While some states take into account different rollovers, others don't permit it whatsoever. You should ask your lender about anything concerning rollovers/extensions. Also reach your lender with an extension request before the due date of your instalment. In the event that you don't do it in time the lender will charge you extra expense and ask for prompt instalment of the rest of the adjust. Also extra fees and different charges might be imposed on you in the event that you default.
Lenders are free to pursue collections after the due date of their accounts to the fullest lawful extent. You may have to face lawsuit/charges and extra fees in the event that you don't reimburse in time.