Frequently Asked Questions
Q: How do Payday Loans work?
A: To get a payday loan you simply need to bring in the required documents listed here and fill out a short application. Once you are approved you will immediately receive the cash in hand. Come back on your due date with cash to pay off your loan and we will return your check to you. You will have twice your pay period to pay back your loan, as follows:
| Pay Frequency | Weekly | Bi- Weekly |
Semi- Monthly |
Monthly |
| Loan Duration | 28 Days | 28 Days | 31 Days | 62 Days |
*Fees based on a 28 day term. Includes origination fee of $20 per $100
borrowed and 36% interest (APR) plus a $5 verification fee.
Q: How much can I borrow?
A: You can borrow up to $500.
Q: What do I need to bring with me to get a Payday Loan?
A: Refer to our requirements page.
Q: What are the qualifications to get a Payday Loan?
A: Refer to our requirements page.
Q: Do you run a credit check?
A: No, we do not run a credit check.
Q: How long does the process take?
A: The entire process usually takes about 10 minutes and you are given cash so you will have your money right away.
Q: What if I don't have any checks?
A: While you do need a blank check to be made payable to Payne's Check Cashing, if you do not currenlty have checks we will accept starter checks or counter checks (check with your bank)