FAQ: For Pay Day Loans
What exactly is a payday loan?
A payday loan is a short-term loan, which is unsecured and (in this case) ranging from $100 to $3,000 designed to help you meet your expenses by your next payday. You write a check against your next paycheck for the loan amount plus fees. We don’t cash your check until you get paid.
Payday loans are also called, short-term loans, cash loans, fast cash, fast loans, bad credit loans, payday advances, and other similar names. Whatever term you use, they can help you through a financial crisis.
What are the requirements for a loan?
The minimum requirements for a payday loan are:
- You must be at least 18 years of age
- A valid ID
- Have a job (or other regular source of income)
- A local (Cheyenne) checking account
How do I get a payday loan?
Simply come down to our office, bring a copy of your bank statement, a recent pay stub or proof of your income and a valid ID. The application will take less than 5 minutes. You should be able to walk out with cash!
How long do I have to pay back the loan?
Anywhere from 1 day to one month! By Wyoming law, the longest term of a payday loan is one month.
What hours is your service available?
We are open Monday thru Friday 9:00 – 6:00 and Saturday 9:00 – 2:00. We are closed on most bank holidays as well.
How much money do I qualify for?
How much you qualify for depends mostly on your income and various other factors. We are some of the most lenient loaners of money in Cheyenne. Stop in or give us a call.
What are the loan fees for the payday loan?
Loan fees are capped and regulated by Wyoming law. Typically, our rates are below the Wyoming maximum allowed.
What if I have a fixed income or benefits?
As long as you have a regular source of income, we can consider your request.
Can you loan to military members?
Unfortunately, no. If you are a regular or reserved member (or a dependent) of the military we cannot loan to you. This is prohibited by Federal law.