FAQs

Why should I use Super Payday Loan Inc's Payday Loans?
Super Payday Loan is a direct online lender committed to helping customers receive a cash payday loan in the USA as quickly and conveniently as possible. With a secured 3-minute application and instant approvals, cash can be wired into your account by the next business day. Feel free to contact us if you have any questions regarding your application or our services, our customer service representatives are always here to help you.

What is a Payday Loan?
Payday loans provide borrowers with a short-term cash loan intended to cover expenses in between paydays with repayment usually due during the next pay period, falling between 4 - 30 days.

What exactly is a Direct Payday Lender
When you start your search for an internet cash payday loan company that you can trust, you are likely to find two distinctly different types of lenders: direct and non-direct payday lenders.

What are the main advantages of using a Payday Loan? Payday Loans help people receive cash more easily and quickly than other types of traditional loans. At Super Payday Loan, the application takes about 3 minutes to complete and we work with customers even if they do not have the best credit. Once approved, our customers can get USA Cash as soon as the next business day.

Does Super Payday Loan run credit score checks during the application process?
No, we do not obtain a credit report or check your credit score during the application process.

How much cash can I get?
With Super Payday Loan, you can get up to $800 deposited directly into your account as fast as the next business day.

What are the fees and rates for a payday loan (Cost of Credits)?
Loan fees are calculated based on various factors, average APR and loan fees are 912.50% and $35 per $100 borrowed. For more information about our fees and rates, please visit this page: payday rates and terms.

What is the process of getting a payday loan?
Just fill out our easy 3-minute application and get an instant approval! Upon approval, you will be contacted by phone or email by a friendly customer service representative to follow up and verify your application. If you have any questions or need to expedite the process, you can call our customer service support number at 888-491-6538.

What time does Super Payday Loan Deposit Funds?
Super Payday Loan loans are typically funded within the next business day. However, the exact time that you receive the money depends on what time your bank deposits it into your bank account. If your loan is approved on Monday - Thursday, then Super Payday Loan will initiate the money transfer to your bank at midnight, however, it is then up to your bank to deposit it into your account. Therefore, the exact time that you receive your money depends on your bank's transaction time.

What are the requirements for approval?

• Have verifiable employment and be paid with direct deposit on a biweekly or semimonthly basis.
• Make a minimum of $1400 net (after taxes) per month.
• Have an active checking account in good standing.
• Be a minimum of 18 years of age.

When is my loan due?
Loan due dates typically fall between 4 - 30 days from the loan origination date. However, with Super Payday Loan, you have the option of extending your due date (with additional fees). If you wish not to extend your due date and if your payday is less than 4 days away, your due date will be your next payday. For example, if you get a loan on December 9 and your payday falls on December 11 and 25, then your loan's due date will be on December 25.

What if I have little credit history or a bad credit bureau file?
At Super Payday Loan, we work with you even if you have little or not-so-perfect credit.

Can I make partial payments?
Borrowers may make partial payments in increments of at least $5 on the principal owed on the deferred deposit loan without incurring additional charges above the charges provided in the written contract.

Can I repay early?
There is no penalty for repaying your loan back early. Simply call us and we will be happy to help you. You may be entitled to a rebate of interest if you do.

Extensions. How do they work?
You must call at 888-491-6538 at least 2 days prior to your scheduled due date. You may refinance your loan provided that your loan is not extended beyond 10 weeks. If you are paid bi-weekly or semimonthly, you may refinance your loan up to 4 times. If you are paid monthly, you may refinance up to 2 times. On your loan due date you will be charged only your loan fee and the principal will be rolled over into a new loan contract. This new loan will carry with it an additional fee. Please see the our rate schedule

Rescissions. Can I change my mind?
You may rescind a payday loan on or before 5pm PST of the next business day without incurring any charges.

Do I need to fax anything?
Our application process is streamlined online so we do not usually require any faxing.

How do I get my cash?
Upon approval, your cash will be deposited into your account as fast as within the next business day.

What about electronic records?
Access to electronic records is provided by industry standard web browser software and the Internet. By your use of our web site, you affirmatively demonstrate your ability to receive records and present your signature electronically. Your records may be printed or saved to your computer at any time.

Can I revoke my ACH payment?
No. The ACH Authorization can only be revoked AFTER we have received payment in full of the amount owed. Because our advances are single payment advances (that is, we advance a sum of money that is to be repaid in a lump sum), we are permitted to require ACH repayment in accordance with the Federal Electronic Funds Transfer Act (EFTA.)

Under The EFTA, a lender cannot require a consumer to repay a loan by means of preauthorized electronic funds transfer as a condition to approving the consumer's loan. The term "Preauthorized Electronic Funds Transfer" is narrowly defined by the EFTA to mean "an electronic funds transfer authorized to recur at substantially regular intervals." As explained by the Federal Reserve Staff in its official commentary to the EFTA, "Creditors may not require repayment of loans by electronic means on a preauthorized, recurring basis." 12 C.F.R. 205, Supplement I - Official Staff Commentary, at 10(e) (1) (Loan Payments). As a one-time payment, the repayment of a cash loan is not encompassed by the EFTA's definition of "preauthorized electronic funds transfer," and is therefore permitted under the EFTA.

A short-term advance provides the cash needed to meet an immediate short-term cash flow problem. It is not a solution for long-term financial problems for which longer term financing may be more appropriate. You may want to discuss your financial situation with a nonprofit counseling service in your community. You will be charged additional fees if you renew/extend the advance.

What is CFSA and what is it's importance?
CFSA is short for The Community Financial Services Association of America (CFSA) which was established in 1999 to ensure consumer confidence and long-term success of the payday loan industry. CFSA promotes legislative and regulatory matters that provide payday loan customers with consumer protection.

What if I am employed by a branch of the U.S Military?
Due to state and federal regulations requirements, Super Payday Loan does not service loans for military personnel.