Frequently Asked Questions

SpeedyFundsNow.com is a platform that connects you with a network of reputable lenders. Our service is completely free, with no cost to you for submitting an inquiry. When you apply, your loan request will be matched with multiple lenders, and you'll receive offers from each lender with their own rates and fees. Please note that SpeedyFundsNow.com is not a lender and does not make credit decisions. We simply facilitate the connection between you and our network of lenders, allowing you to compare offers and choose the one that best suits your needs.

Have questions about SpeedyFundsNow.com? We're here to help! Below, we've answered the most frequently asked questions about our service. If you can't find the answer to your question, please don't hesitate to reach out. You can submit your inquiry through our Contact Us page, and we'll respond promptly to get you the information you need.

Need help with a specific loan-related question? If you have inquiries about a loan inquiry, approval, funded loan, payments, or any other question related to a particular loan, please contact your lender directly. You should have received their contact information as part of the loan process. As a marketplace service, we don't have direct access to loan details or make decisions on loan approvals. Please reach out to your lender for assistance with any questions you may have about your loan.

1. What is a personal loan?
2. Who can qualify for a personal loan?
3. How much can I borrow?
4. How will I receive the loan money?
5. If I have bankruptcy or bad credit, can I still get a loan?
6. How long does the process take?
7. Will I need a printer or fax machine?
8. What is the cost of a short term consumer loan
9. If I already have an outstanding cash advance loan is it possible to get a new one?
10. When and how do I repay my loan?
11. What happens if I’m late with a payment?
12. How is my private information protected?
13. When can I get another loan?
14. Is an extension possible on repaying my loan, and how many extensions can I get?
15. What happens if I’m not able to repay my loan?

1. What is a personal loan?

   Whether you've heard them referred to as cash advances, installment loans, or personal loans, our services are all designed to offer temporary financial assistance when you need it most.

2. Who can qualify for a personal loan?

   The majority of lenders typically require you to:

   1. Have a stable income source, which can be either a steady employment record of 90 days or alternative financial arrangements that provide a reliable and consistent income stream;
   2. Meet the minimum age requirement of 18 years old, and possess either US citizenship or a permanent resident status;
   3. Have a monthly income of at least $1,000, after deductions and taxes; and
   4. Provide a current and valid email address, as well as workingactive phone numbers for your home and work.
3. How much can I borrow?

   Loan eligibility is determined by a lender's evaluation of various factors, including your state of residence and applicable legal regulations. (Please note that not all states are eligible for loans). Our network of lenders offers loan amounts ranging from $100 to $5,000.

4. How will I receive the loan money?

   After the lender approves your loan and you agree to the terms, the funds will be deposited directly into your bank account, typically within 24 hours of approval.

5. If I have bankruptcy or bad credit, can I still get a loan?

   Personal loans are typically available to individuals with good credit, as each lender has its own set of criteria for approval. However, we also offer alternatives for those with less than perfect credit. If we're unable to find a personal loan that meets your needs, we'll explore our network of short-term lenders to see if we can find a suitable option for you.

6. How long does the process take?

   Complete our secure online form in just a few minutes and we'll get to work on your behalf. We'll quickly send your information to our network of lenders, and you'll typically receive a response from one of them within minutes. Once approved, you can expect final approval and funding to be completed within 24 to 48 hours.

7. Will I need a printer or fax machine?

   Some lenders may request online access to your financial documents, such as bank statements or income verification, to streamline the process. However, you may be required to provide additional information via fax or email, such as bank statements or paycheck stubs. If you don't have access to a scanner or printer, you can visit an office service provider like Office Max or Kinkos. Additionally, you'll need a printer to print a copy of your loan agreement. Once your loan is funded, you'll receive your lender's contact information, so you can reach out if you have any questions or concerns.

8. What is the cost of a short term consumer loan

   Use our marketplace service at SpeedyFundsNow.com free of cost. The actual cost of your loan will vary depending on the lender. You'll receive detailed information on rates and fees before you accept the loan, so you can make an informed decision. While personal loans shouldn't be used as long-term financial solutions, they can be a more affordable option than late charges, NSF fees, or reconnect fees for overdue utilities. Please only accept a loan if you're confident in your ability to repay it.

9. If I already have an outstanding cash advance loan is it possible to get a new one?

   Please note that you may be able to take out multiple personal loans at once, but this is subject to the laws of your state and the lender's policies. If you already have an outstanding personal loan or other personal loans, it is essential to inform your new lender about this before accepting a new loan.

10. When and how do I repay my loan?

    By choosing the ACH payment option, you'll be able to schedule your loan payments directly from your bank account on the due date. This convenient and secure method can help you avoid late fees and potential default. If you need to extend your loan, please contact your lender before missing a payment. (Please note that additional fees may apply for extensions).

11. What happens if I’m late with a payment?

    Late payment policies and fees vary by lender. To understand your specific situation, please review your loan agreement or contact your lender directly. Additionally, note that some states may impose regulations or limitations on late fees, so it's essential to check your state's laws for more information.

12. How is my private information protected

    Your personal information is protected by our robust security measures, including industry-recognized encryption technology. We ensure that your data is transmitted and stored securely, in an encrypted format to prevent unauthorized access. For more information on our data protection practices and policies, please refer to our privacy policy.

13. When can I get another loan?

    Take advantage of our service to secure a new loan whenever you need it (subject to state-specific regulations and guidelines). Before accepting a new loan, please note that if you have recently taken out another personal loan that is still outstanding, you must inform your new lender of this prior to accepting the new loan.

14. Is an extension possible on repaying my loan, and how many extensions can I get?

    Rollover or extension policies differ among lenders and are also subject to state-specific regulations. Some states permit multiple rollovers, while others may prohibit them altogether. If you're in need of an extension on your loan, please reach out to your lender before missing any payments. Many lenders are willing to work with you to prevent late payments and default, so be sure to communicate with them in a timely manner.

15. What happens if I’m not able to repay my loan?

    Missing loan payments on time can put you at risk of defaulting on your loan obligations. Late payments and defaults can have negative consequences on your credit score and may also hinder your ability to secure future personal loans.

    Struggling to make payments on time? Don't delay - reach out to your lender proactively to discuss potential solutions. By addressing the issue early on, you may be able to find a way to avoid late payments and minimize the impact on your financial situation.