Frequently Asked Questions



General Questions:

Q: For a $100 loan, what will I pay in interest?

A: $5.50 for $0-$50; 10%+$5 for $51-$100; 7% (minimum of $10) + $5 for $101-$250; 6% (min. $17.50) + $5 for $251-$350. Look complicated? It is.

Q: I applied for X dollars but didn't receive it. Why not?

A: For first time borrowers we will only lend between $200 and $350. In fact, we will never lend more than $350 to anyone.

Q: Can I cancel my loan? My parent/friend/coworker lent me the money.

A: If it's within 48 hours then yes, absolutely. Otherwise, no. If there are genuine extenuating circumstances then please contact us as we are pretty reasonable people.

Q: I haven't always been very good at paying my bills on time. Does bad credit matter?

A: Not especially, although it is a factor. We can easily overlook a number of missed payments though.

Q: What do I pay if I default?

A: $30 NSF fee + 2.75% per month.