Frequently Asked Questions

 

 

General Questions:

Q: Do you check credit?

A: We do pull a credit report before issuing a loan.


Q: If I have bad credit can I still get a loan?

A: Our definition of what bad credit is differs a lot from what most banks use. Many people who would be denied a loan elsewhere can borrow from us.


Q: Why did I get rejected?

A: People can be rejected for numerous reasons. To find out why you will have to speak directly to one of our loan officers.


Q: What's the biggest loan available?

A: State law allows up to $2500, but we will only lend $2000. Ona a first time loan you will only get $200-400 however. It will take a longer relationship to get to $2000.


Q: What do you charge for interest and fees?

A: We charge $15.50 in interest and $0.50 in verification fees per $100 borrowed for a total of 16%.


Q: If I bounce a cheque what then?

A: We'll charge you a $15 NSF fee.