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 employed and
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. We
loan according to income and our decisions are based on the monthly deposits showing on your most recent bank statement.
If your application is approved for your cash advances, we will transfer the money to your bank overnight 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 advances?
Cash advances are approved at 4:00 p.m. P.S.T. See the chart below to determine when your cash advances will be available.
| For Example: |
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Loan Decision
Made ON
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Day Available
In Your Account
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Monday |
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Tuesday |
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Tuesday |
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Wednesday |
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Wednesday |
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Thursday |
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Thursday |
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Friday |
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Friday |
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Monday |
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Saturday or Sunday |
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Tuesday |
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How do extensions work?
For your convenience, we have a payday loan extension program on your cash advances. For your first three extensions, we
require that you pay the minimum finance charge. After 3 extensions for payday loan amounts under $600.00, we do require
an additional payment of $50.00 toward the principal. For payday loan amounts over $600.00, we require $100.00 towards
the principal balance, in addition to the finance charge.
For our customers paid on a monthly basis, DiscountAdvances requires you to make a payment towards your principal on
your 2nd extension. Advances of $599 or less will be required to pay $100. Advances of $600 and above will require a
payment of $200.
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.
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?
Yes. We run a check of the Teletrack database, which is an information sharing service used by payday loan agencies, 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. Instead, all of our payday loan
application requirements can be filled out online.
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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