Do you require fast cash in the form of payday loans online? Do you have a bad or poor fico score? If so, get instant cash in the form of short term loans for amounts ranging from $100 to $1000.  

By filling out a loan application form on Oak Park Financial, you can be approved for fast cash in as soon as one business day. Our loan application process is fast and easy. The application is completed online with the process taking only a few minutes. Payday loans can be used for any purpose. You can qualify for funding even if you have a bad credit score.

Payday loans online and cash advances

Oak Park Financial offers short term cash advances designed for people with bad credit. You only need to fill in your details in our application form and we will connect you to a legitimate payday lender. 

The lenders will review your details and once they are satisfied with the information provided, you will get the funds within 24 hours. Generally, our loan application forms are processed on the same day or the next business day.

Fast online application

  •       Apply within 5 minutes
  •       Get an instant decision on the loan request
  •       Quick funding
  •       Apply before our cut off time and qualify for same-day funding

How payday loans are online processed?

Once you apply for an online payday loan, the lender will review your details to determine whether you qualify for funding or not.  Note that it is only the lenders who will review your information.

This means that you don’t have to worry about your details being accessed by other parties.  Applying for the loan and getting a decision is a fast process and you can get feedback in minutes.

How much can I qualify for?

Payday loans online are offered in smaller amounts, usually ranging from $100 to $1000.  When you apply for the loan at Oak Park Financial, you will benefit from a completely online experience.  As a rule of thumb, ensure that you only borrow the amount that you are comfortable to pay back.

When it comes to payday loans online, the interest is relatively high as compared to traditional bank loans.  But if you borrow an amount that you can afford and pay back on time, your rates will be manageable.

Do your online payday loans have credit checks?

Regardless of the type of loan you apply for, a soft credit check has to be done. Beware of lenders who claim not to perform credit checks. Soft credit checks usually look into certain details that are important in approving your loan, which includes your income, address, and history of defaults. 

This is contrary to bank loans where hard credit checks are done. When a hard credit check is done often on your credit report, it can greatly affect your credit score. One unique advantage of payday loans online is that they help protect your credit score.

How fast are payday loans online processed?

Online payday loans use an automated system and since your details are stored online, you can even get the loan instantly once your request is approved. Applying for the loan is the initial step, and the second step involves payment processing. How soon you receive the funds depend on your lender and how efficient the staff is.

If you apply for the loan before noon, the funds will be deposited to your bank account on the same day. When your application is received after midday, you will receive the cash on the next business day. Applications made on a weekend and reviewed and approved on Monday. And applications made on a bank holiday are usually approved on the next business day.

What are the requirements for a payday loan online?

The main requirements that you need to meet to qualify for online payday loans include;

  •       An active email address
  •       You should be employed with a salary of at least 1200 per month
  •       An active bank account
  •       Your current address

What if I default on the loan?

If you feel that you may not pay back the debt on time, ensure that you contact your lender immediately. Confirm how much it will cost to roll over the loan. Most lenders are willing to discuss a new repayment plan with you.

You should contact your lender immediately and ask what the rollover fees are. The lender can work with you to make a new payment plan. It is not a new occurrence for borrowers to extend their repayment term. Taking out a debt consolidation loan can also be handy and it can reduce the amount that you would otherwise pay for outstanding cash advances.

What is the cut off times for online loans?

  •       All the payday loan applications submitted by noon are eligible for same-day funding.
  •       Applications submitted afternoon are approved and funds deposited on the next business day
  •       Loan application submitted on a weekend and approved and money wired to your bank account on Monday
  •       Payday loan applications received on a bank holiday are approved and money sent on the next business day.

Kindly note that these are just guidelines. They may not be completely accurate.

Is Oak Park Financial a direct payday lender?

Oak Park Financial connects borrowers to lenders who offer payday loans online. We do not offer the loans ourselves. We help borrowers find lenders who offer loans with terms that suit them best.

Do you offer long term payday loans?

Lenders in our network also offer long-term installment loans that come with longer repayment terms. These loans are paid in equal monthly installments and can be a good option if you have a long term project to pay for.

The interest rate for installment loans is usually lower compared to payday loans online. All the lenders we work with in CA are licensed by the department of business oversight.

Are the funds directly deposited into my bank account?

Yes. One of the requirements for payday loans online is an active bank account.  The funds are deposited directly to the account, no intermediaries involved.

Are there restrictions on how to use the funds?

Online payday loans can be used for any immediate need. Just don’t forget that the interest rate can be high.  In short, only apply for the loan when you have an emergency like medical bills, car repairs. The loans are not used for a family vacation and other luxuries.

Can I apply for the loan from two different lenders?

Yes, you can qualify for the loan from multiple lenders, provided you have a good repaying history. However, taking out different loans at one time is not advisable unless you really have to.  The main reason for taking out short term advance should be for emergency expenses.

If I default, can I go to jail?

No law imprisons consumers who do not pay their online loans.  To some extent, the constitution protects citizens who do not pay their debts. Even so, not paying the debt can lead to endless calls from debt collectors and poor credit scores. Ensure that you pay back the loan as soon as you can.

Can a payday lender take you to court?

A payday loan lender can take you to court if they want to. However, most lenders are usually scared of the legal fees involved. So they opt to negotiate with you on repayment terms that suit you best.

 Is not repaying payday loans online a crime

You can only be accused of a crime if you illegally obtain a payday loan.  Defaulting on the loan is only a civil matter and not a criminal case.

Are payday loans legit?

Oak Park Financial only works with legit payday loan lenders. Each state has its own criteria for licensing the lenders. All the lenders in our network are licensed.

Are payday loans online safe

When you apply for the loan, your data only remains with the lender and won’t be shared with third parties. This makes our payday loans online purely safe. We know how sensitive your personal details like social security number and bank account can be.

Can I qualify for payday loans with no bank account?

Before, it was possible to qualify for payday loans online even without a checking account. But now, an active checking account is one of the requirements for the loans.

Can I get payday loans near me?

Google is one of the best places to find payday loan lenders near me. But you don’t have to go through the hassle anymore. Oak Park Financial can help you get the cash you need as soon as one business day.

Since the loans are offered online, you don’t have to worry about traveling costs to a physical location.  Now, this is a real payday loan near me. The loan application and approval process are all done online. This is the reason why Oak Park Financial is the best place to request a payday loan near me.

Instead of spending time to travel to different locations, just take a look at our rates and find out whether payday loans online are legal in your state.  If you are interested, our application process only takes five minutes. The laws concerning payday loans also vary from one state to another, so it is important to check them out. 

Even if payday loans are not offered in your state, there are also alternative products available. These include title loans and installment loans. With installment loans, you can qualify for loan amounts up to $5000.

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