Mint Payday Loans FAQs
View our popular questions to quickly find the help you need
What’s A Payday Loan – What Does It Mean?
A payday loan is helpful to anyone who has a paycheck on its way but there are financial needs that must be met today. Not every bill or emergency expense can wait until your salary arrives, so a payday loan can give quick financial relief. Whether your paycheck is due in 2 days or 10, a payday loan can help.
Is There A Limit To How Much Money I Can Get From A Payday Loan?
For the exact amount you can get, you’ll need to find out from the lender who accepts your online request. Payday loans are short-term loans for small amounts of money. Your lender will want to look at your inquiry form and confirm your monthly salary before setting an amount. In addition to that, the state can set regulations to payday loans, so depending on where you live, amounts can vary.
How can I qualify for a payday loan – what do I need?
If you are above 18 years old, you can send in a request. You will probably need a state ID, a working bank account and an email account. You’ll also need to show proof of your present income.
If I have bad credit or bankruptcy, can I still be eligible for a payday loan?
The best way to know if you can be accepted is to send us your request. It’s possible that if you have a discharged bankruptcy or a bad credit status that you can still be accepted by one of our network of trusted lenders. You should also check the legal regulations in the state where you live.
Can I get a second payday loan if I already have one?
The state where you live or your specific lender might have regulations regarding loan terms and frequency. To find out if you can be approved for another loan, or if the term of your current payday loan can be extended, speak with your lender.
Can a payday loan be refinanced?
In many cases the answer is yes, but you must ask your lender how this works.
When I get my payday loan, how do I repay it?
Different lenders have their own preferences for how they get the money. Some lenders will want you to send them a check or money order while others might prefer that you go into a storefront with cash. A direct withdrawal from your bank account is another option. To find out which method your lender wants you to use to repay the loan, it’s best to ask.
What Happens If An Emergency Comes Up And I Can’t Make A Payment That Is Due?
To be on the safe side, contact your lender immediately when you realize you won’t be able to repay the loan according to the terms. Try to settle this with the lender before it happens. The lender might suggest extending the term of the loan or some other option to work out the payment. You should, however, expect to be hit with a late payment charge.