NetPayAdvance ReviewsNet Pay Advance is a state licensed and regulated lender committed to providing exceptional services. The company has been providing a quick access to funds to all its customers and has built a reputation for reliability and confidentiality. They have a friendly approach to borrowing and it takes just a few moments to go through the application process and get an approval. Website: https://netpayadvance.com
Net Pay Advance is a short-term loans provider offering services to customers through an online platform. The lender is headquartered in Wichita, Kansas and focuses on customers with damaged credit scores as well as anyone in need of quick money.
The company tries to ease up the customers by humorous statements on the website. But at the same time, they communicate the message effectively. Also, they are licensed as direct lenders providing fast loans around the clock thanks to a dedicated website.
Net Pay Advance is dedicated to offering short-term loans to people who need quick money. Although there are several names used to refer to short-term loans, the basics are almost the same. On their website, you’ll see several names such as cash advances and payday loans.
The application process is easy and simplified on their website. Typically, the application takes minutes to complete and submit for assessment. To apply for a loan, you will be required to fill in some personal details like:
- Full names
- Income information
- Checking account details
- Your social security number
- Proof of legal age
The lender will rely upon the information you provide to make a lending decision. However, there are several clarifications that need to be made especially on the frequency of deposits to your account. Therefore, providing false or altered information could affect your account with Net Pay Advance.
Netpayadvance.com doesn’t run credit checks on customers. This is a great relief to individuals with poor or inexistent credits because they can access the loans as well. Although they won’t take credit scores into account during the application process, all applicants must prove their ability to repay the borrowed funds. Also, the lender claims to facilitate a fax-less application that relies upon electronic verifications.
Approvals for applied loans are quick and applicants are sent an email with loan details. On business days, the application status will be conveyed back to applicants in about 60 minutes. If an application is approved before 5:30 pm PT, the funds will be available in the bank in one business day. On instances where the tentative date is a bank holiday, funds will be accessible on the next bank business day. But for loans approved after 5:30 pm PT, the funds will be deposited a day after the next business day.
The money received is due on the next payday which can be any date within 7 to 30 days. The period begins immediately you sign the loan agreement. Depending on the method used to pay the loan, you can be eligible for another loan immediately if a debit card is used. For payments made via the bank transfers, you can be eligible to receive the next loan within four days.
To qualify for a loan at Net Pay Advance, the following criteria must be met.
- You must have a stable source of income
- You must be at least 18 years of age or older
- You must have a checking account that has been operational for the last 30 days
- You must have a government issued ID to verify your identity
- Have a valid email address
- Have a social security number
The amount of money you can qualify to borrow is highly dependent on information provided on the application. Normally, the maximum amount you can borrow is $1500.
Loan repayment has been simplified with several options available. Borrowers can decide whether to repay the loans through direct bank transfers or via debit cards which offer instant balance settlement. Normally, loans taken are scheduled to be paid on the next payday depending on your pay dates but it will be between 7 to 30 days.
During the application, you are allowed to use several options for proof of your stable income. Company is one of the lenders who allow the use of social security, pension and retirement details as an alternative to employment pay stubs.
An outstanding trait for this lender is their VIP feature. Returning customers are allowed to borrow money without having to reapply again. When you become a VIP, you only make a loan request and wait for the money. To qualify for another loan, you are required to clear the current loan before you can access additional funds.
Apart from the weekend and public holidays, all applications that are approved before 5:30 pm PT are funded on the next business day. However, this can vary depending on the bank’s procedure in handling direct deposits.
For a loan with a 14-day term, the APR will range from 391.07% to 664.29% depending on your state. On occasions where you fail to make a timely payment, there are some late fees applied on the loan. And if this happens due to insufficient funds in your account, expect an NSF charges that are normally accompanied by overdraft charges from the bank.
While extending a loan could give you more time to make payments, it will add some additional fees without reducing the principal.
The website is simple to navigate and the online application form is direct and easy to fill in. The applications can be made at any time since they work 24/7. Loan approvals happen fast and you can be informed about the application status in less than 60 minutes.
When in an emergency that requires cash, they become your reasonable solution by providing the money in a single business day when possible. To repay the loan, you decide whether to use a direct bank transfer or a debit card. If a debit card is used, you can take the next loan instantly unlike with bank payments where you have to wait for four days.
Access to loans is easy and people with low credit scores are also considered. However, the lender will verify your ability to pay the borrowed money. Also, you are permitted to choose between several sources of income that prove the ability to pay the loan.
At the moment, Net Pay Advance loans are accessible to customers in Texas and California.
Main Address: 455 N Maize Court | Wichita, KS 67212
The lender offers discount codes to customers regularly. They promise to give between 5% and 35% off on borrowed money depending on the amount taken. To stay updated about the codes, follow the lender on social media.