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| Frequently Asked Questions / Help |
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| What is a post-dated check loan? |
| A post-dated check loan is a short-term loan using your checking acct. as collateral. |
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| How can I repay the loan? |
Automatic Payment: If you take no action, your checking account will be electronically debited on your loan due date.
Pay Cash: You may visit any of our locations, and pay off your loan in cash on or before your due date.
If you can't repay: If you cannot repay your loan, you may be eligible to extend your loan at any of our locations.
Prepayment: If you pay your loan off before the scheduled due date, you will be charged only for the interest accrued through the day you pay in full. |
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| What do I need to get a post-dated check loan? |
| You simply need a full time job, a checking account for at least 3 months, and a valid I.D. |
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| How much does a post-dated check loan cost? |
| Our APR is 521.428. Broken down this means you will pay $10.00 per $100.00 per week. For example, if you borrowed $200.00 for one week, the loan would cost you $20.00. See fee schedule. |
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| How soon will I get the money? |
| For in-store applications/approvals: You will have instant access to the cash you need. |
| For online money requests: Money requests processed before 2:00 p.m. Monday through Thursday will result in the money being credited to your account the next day. Requests processed after 2:00 p.m. Monday through Thursday will take 2 business days before being credited to your account. Requests processed Fridays before 2:00 p.m. will be credited to your account on the following Monday. Those processed Fridays after 2:00 p.m., Saturdays and Sundays will be credited to your account on Tuesday of the following week. |
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| How much can I borrow? |
| We will loan up to 20% of your monthly take home pay (15% gross). Example: If you bring home $1,500.00 per month, we could loan you up to $300.00. |
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| What is an Extension? |
Extending a loan means postponing the date the loan amount is debited from your account. When you are extending a loan, the amount of the extension will be debited from your account that day. In order to do an extension online, you will need to submit a request 2 days prior to your loan due date. If you are unable to give 2 days notice, you will need to call 801-886-1888 and request an extension by phone. Failure to request an extension on or before the date your loan is due by 4:00 p.m. Monday through Friday or 1:00 p.m. on Saturdays, will result in the entire amount of your loan being debited from your account on your due date.
If you request an extension and we grant that request, you may obtain an extension by paying at least enough to cover interest earnd up to that point (usually the finance charge previously disclosed). We also recommend that you pay as much extra as you can to reduce your principal balance. If you borrowed $200.00 and you want to extend your loan for 10 days, your additional interest will be $28.50. |
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| Is my data safe? |
| Yes, we use SSL (secure socket layer) technology to encrypt all data transferred over the internet. When applying for a loan, watch for the https://www.easymoneyutah.com. This will tell you that the data is being encrypted. |
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