Frequently asked questions (FAQ)

To better assist our web visitors and site readers SpryPayday has compiled a Frequenty Asked Questions (FAQ).

What is a payday loan?
What are the requirements for a payday loan?
How quickly the money will be in my checking account?
How much can I borrow?
If I have a bad credit or some missed payments, can I still apply?
How long the application takes?
How long is the approval process?
What is Telecheck?
If I am listed at Telecheck with bad banking records, can I still apply?

What is a payday loan?
Payday loan a short loan that fill the gap between paydays if you are in a real emergency and need extra cash easy and fast.

What are the requirements for a payday loan?
A full list of all the requirements are listed at payday loans requirements page.

How quickly the money will be in my checking account?
Usually all payday loan companies offer next business day availability of the funds that are deposited into your active checking account. Please note that it must be US bank account.

How much can I borrow?
Depending on the payday loan company, payday loans range from $500 up to $1500 per applicant.

If I have a bad credit or some missed payments, can I still apply?
Sure. Payday loan companies do not check credit history, thus, if you have a bad or poor credit you should have no problem getting approved for a payday loan.

How long the application takes?
Online payday loan application should take no more than 5 minutes to complete if you got all the required data.

How long is the approval process?
Approval process could be from a minute to a few hours, it depends from the payday company.

What is Telecheck?
You can read more about Telecheck here.

If I am listed at Telecheck with bad banking records, can I still apply?
Some providers will refuse you if you have bad banking records and file with Telecheck, but some will still accept you.