What are the minimum requirements to apply?
To be eligible for a payday loan, you must be at least 18 years old, have a checking account that has been active for at
least 90 days, and make a minimum of $1000 a month in payday or fixed income deposits. You must be
receiving a consistent income. We must also be able to reach you by phone and verify your place of employment.
How does a payday advance work?
Our business is short-term cash advances.
If your application is approved for your cash advances, we will transfer the money to your bank overnight1 and at your
bank's discretion, it should be available the next banking day. See "Fees" and
"Disclosures" for more information.
How do I know my payday loan has been approved?
Once your payday loan application has been completed, we will process your application and then notify you once your
loan has been approved.
When will I get my cash advance?
Cash advances are approved at 4:00 p.m. P.S.T. See the chart below to determine when your cash advance should be available.
| For Example: |
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Loan Decision
Made ON
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Day Cash Should be
Available In Your Account
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|
| |
Monday |
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Tuesday |
|
| |
Tuesday |
|
Wednesday |
|
| |
Wednesday |
|
Thursday |
|
| |
Thursday |
|
Friday |
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| |
Friday |
|
Monday |
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Saturday or Sunday |
|
Tuesday |
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Note: Once DCA transfers your funds to your bank account the responsibility for depositing your cash falls on your bank's ACH department. Receipt of funds may occasionally be delayed due to bank holidays and restrictions. For questions regarding availability please contact your bank's ACH department.
How do extensions work?
For your convenience, we have a payday loan extension program. For your first three extensions, we require that
you pay the finance charge and fees due with each extension. In addition to finance charges, further extensions
require payments toward your principal balance until the principal is fully repaid: $50.00 (if your loan amount
is $600.00 or less) or $100.00 (if loan amount is $600.01 or more).
For our customers paid on a monthly basis, DiscountAdvances requires a payment toward your principal on your
second extension; in addition to finance charges, advances of $600.00 or less require a payment of $100.00 until
the principal is fully repaid and advances of $600.01 and above require a payment of $200.00 until the principal
is fully repaid.
All extension requests must be made by 4:00 p.m. Pacific Time on the business day prior to your scheduled due
date. Requests made after the deadline will not be processed.
Please understand that repetitive extensions can put you in financial distress. The extension program has been set up to help our clients and not as a way to string out debt. Please have a full understanding of the extension rules and guidelines.
How many open cash advances can I have with DiscountAdvances.com?
At this time, we do not allow multiple cash advances on one account. Please remember it takes 4 banking days to process
and clear your last payment when paying off your cash advances.
What is the minimum term for a payday loan?
Our fees are based on a minimum 14 day loan term. There is no penalty for paying your cash advance off early.
Can I get cash advances with bad credit?
We do not perform traditional credit checks, but we do verify applicant information via credit reporting agencies including Teletrack and Clarity Services, Inc. to see that you have no unpaid cash advances.
Do I need a fax machine?
In most cases, we do not require you to fax any documents to receive your payday loan, but some applicants may be required to submit documentation due to qualification criteria.
Can I apply by phone?
Yes. For fast payday loan service, please call 1-800-446-8482 and one of our friendly customer service representatives
will fill out an application for you.
If you have other questions, please contact us.
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