Frequently Asked Questions

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Through its marketplace service, FinanceYourLoan.com allows you to submit a loan request to a number of reliable lenders. There is never a fee for you to make an inquiry—our service is always free. You will be informed of your lender's rates and costs prior to accepting the loan. FinanceYourLoan.com does not decide credit and is not a lender.

We've listed the most frequently asked questions about FinanceYourLoan.com below in case you're a new customer with queries. We would be pleased to address any queries you may have if the solution is not available here.

Please get in touch with your lender or lending partner directly if you have any queries about an inquiry about a loan, approval, funded loan, payments, or any other question concerning a specific loan. You ought to already have the lender's or lending partner's contact details if you were given a loan. Concerning loans that are approved or pending, we are unable to respond as we are neither the lender nor the lending partner.

Questions

Temporary financial loans may go by different names, but they’re all meant to give you immediate monetary assistance.

To be eligible, most lenders or their partners usually require:
  • Employment in your current position for about 90 days or another dependable source of income;
  • Being at least 18 years old, and either a U.S. citizen or a permanent resident;
  • Earning about $1,000 per month after taxes
  • Having a valid email address, along with work and home phone numbers.

The amount a lender or lending partner is willing to extend depends on how they assess various factors, including your state’s laws and any legal restrictions (loans aren’t available in every state). Most lenders or partners in our network loan between $100 and $5,000.

Once your loan is approved and you’ve accepted the terms, the lender or lending partner will deposit the funds directly into your bank account, typically as soon as the next day.

Personal loans are generally reserved for those with good credit, but every lender or lending partner has different criteria. If you have bad credit, a short-term consumer loan might be a viable alternative. If we can’t match you with a lender for the requested amount, we’ll search our network of short-term lenders or partners to find a suitable option.

Our secure online form can be completed in just a few minutes. Once your information is submitted, we’ll immediately search for a lender or lending partner willing to assist you. You should receive a response from a lender or partner within minutes. Final approval and funding usually take as little as 24 to 48 hours.

Personal loans are usually provided to those with good credit, but different lenders and partners have varying criteria. If your credit is poor, a short-term consumer loan might be a suitable alternative. If a match isn’t found for the amount requested, we’ll look through our network of short-term lenders or partners to find another option.

MyPersonalAdvance.com’s marketplace service is free to use. The specific cost of your loan will vary by lender or lending partner, with full details on rates and fees provided before you accept the loan. Personal loans are intended for short-term financial situations and can be cheaper than late charges, NSF fees, or utility reconnect fees. Only take out a loan if you believe you can repay it.

You might be eligible for more than one personal loan simultaneously, depending on state laws and your lender’s or lending partner’s guidelines. If you currently have an outstanding loan, it’s advisable to inform your new lender or partner before accepting another loan.

If you opted for the ACH payment option, your loan payment will be automatically withdrawn from your bank account on its due date. This method ensures ease and helps you avoid late fees or default! Should you need an extension, be sure to contact your lender or lending partner before missing a payment (additional fees may apply).

The policies and fees for late payments vary by lender or lending partner. It’s best to check your loan documents or contact your lender or lending partner for specifics. Some states may have laws that regulate or cap late fees.

We utilize advanced encryption and industry-recognized security technologies to protect your personal information. Your data is securely transmitted and stored in an encrypted format. Please see our privacy policy for further details.

You may use our service to get a new loan whenever needed, within the limits of state law restrictions. If you still have an outstanding personal loan, be sure to notify your new lender or lending partner before accepting a new loan.

The possibility of extensions or "rollovers" depends on the lender or lending partner and may also be influenced by state law. Some states allow multiple extensions, while others do not allow them at all. If you require an extension, make sure to contact your lender or lending partner before you miss any payments. Most lenders will work with you to help prevent missed payments or defaults.

Failing to repay your loan on time could lead to default, which might hurt your credit and make it tougher to secure future personal loans. If you’re having trouble with payments, it’s best to talk to your lender or lending partner as early as possible to explore your options