Frequently asked questions

What is a cash advance/payday loan?

A cash advance/payday loan is a small short-term cash loan that is often meant to be repaid by your next paycheck. These loans should only be accepted when needed, such as in a financial emergency. Payday loans are not a solution to long-term debt problems. Before taking out a loan, make sure you understand the risks associated with short-term cash advances. If you are facing long-term financial debt, please consider budgeting, credit counseling, or debt-management support.

 
How does Lendingwing.com work?

Lendingwing.com is not a lender. Lendingwing.com connects consumers to independent, third-party lenders based on the information you provide. The process begins with completing our simple form. Upon completion, LendingWing.com will try to connect you to an interested third-party lender. Every third-party lender has their own terms and conditions for cash advances or payday loans (i.e., APR’s, fees, repayment terms, renewal policies, etc.).  The approval process differs for each third-party lender. If connected to a third-party lender, make sure you fully understand the lender’s terms and conditions before agreeing and accepting the loan. All questions regarding the cash advance or payday loan should be discussed with the lender directly.

 
Does Lendingwing.com charge any fees to connect consumers to independent third-party lenders?

Lendingwing.com does not charge you any fees to connect you to third-party lenders. Lendingwing.com is not a lender or broker therefore there are no fees or interest directly associated with completing our form. Lendingwing.com connects consumers, interested in short-term loans, with third-party lenders or brokers. We receive compensation from the third-party lenders and other advertisers we work with, and the loan offer you receive is based on the compensation we are paid. The rates and fees associated with your loan will vary from lender to lender.  If you are approved for a loan, please make sure to review the fees and interest associated with your loan.

 
What are the minimum requirements to submit a request for a payday loan?

Lendingwing.com is not a lender and does not make credit decisions. Being approved for a payday loan may vary from lender to lender. The minimum requirements to submit a loan request may include, but may not be limited to:

 
How much can I borrow for a short-term cash advance or payday loan?

Payday loans range between $100 and $1,000. Not all lenders offer loans up to $1,000 and the amount requested may differ from the amount offered. The loan amount offered depends on many factors (i.e., income, employment). Upon acceptance of your loan request, the lender will provide the fees and APR interest rates you will be charged for the loan.  Make sure you review and understand before signing any documents.

 
If approved by an independent third-party lender, how quickly could I receive the funds?

The funds could be transferred to your bank as early as the next business day (this may vary depending on your lender and financial institution).

 
To use the services offered by Lendingwing.com, what information do I need to provide?

You will need to provide personal, employment and banking information. The information includes, without limitation, name, address, telephone number, email address, driver’s license number, social security number, bank account information, and employment information. Once your information is submitted, independent lenders may verify your social security number and/or check your credit. Make sure to provide accurate information.

 
When do I repay my payday loan?

Each independent third-party lender has their own terms and conditions for repayment of your payday loan. The repayment information will be indicated on your loan agreement. Please contact your lender directly with any questions and/or concerns.

 
Is the information I provided secure?

The information you submit on Lendingwing.com is safe and secure. Many security measures are employed to maintain the integrity of your privacy. All sensitive data transmitted between your browser and Lendingwing.com uses 256-bit Secure Socket Layer (SSL) encryption technology. Our services are strictly voluntary, and the use of our services are governed by our Terms and Conditions/Privacy Policy.

 
Do third-party lenders perform a credit check?

Third-party lenders may verify, without limitation, your driver’s license number, social security number, or any other qualifying identification information to determine credit standing, capacity and/or credit worthiness. Multiple inquiries may be made on the three national databases (Equifax, Transunion and Experian) or alternative credit bureaus and this may result in a lower credit score.

 
Is loan approval guaranteed?

We cannot guarantee that you will be accepted by one of our third-party lenders.

 
How do I renew my loan?

Renewal policies may vary from lender to lender. Therefore please contact your lender to inquire if your loan will automatically renew or if you need to provide permission. Please make sure to review the lender’s renewal policies and terms before agreeing.

 
What happens if I have late payments or non-payment?

Every lender has their own terms about late payments and/or non-payment such as, without limitation, interest, additional fees, and collection costs.  Make sure you read and understand the loan terms before signing and contact your lender if you have any questions and/or concerns.

 
What if I am unable to repay my payday loan according to its terms?

If you cannot repay your payday loan according to its terms, your lender may:

Lendingwing.com is not a lender. Your lender can provide more information about their policies for non-payment.

The operator of this website is not a lender, loan broker or agent for any lender or loan broker. We are an advertising network service to independent, participating lenders and other advertising networks that may be able to provide amounts between $100 and $1,000. Not all lenders provide up to $1,000 and there is no guarantee that your request will be accepted by an independent, participating lender. This service does not constitute an offer or solicitation for loan products which are prohibited by any state law. This is not a solicitation for a particular loan. We do not endorse or charge you for any service or product. Any compensation we receive is paid by participating lenders or advertising networks and only for the advertising services provided. The offer you receive is based on the compensation we are paid and is not necessarily the offer with the best rates or terms.

This service and offer are void where prohibited. We do not control and are not responsible for the actions of any lender or advertising network. We do not have access to the full terms of your loan. For details, questions or concerns regarding your loan, please contact your lender directly. Only your lender can provide you with information about your specific loan terms, their current rates and charges, renewal, payments and the implications for non-payment or late payments. The information submitted by you on this website will be shared with one or more participating lenders or advertising networks. You are under no obligation to use our service to initiate contact with a lender, apply for credit or any loan product, or accept a loan from a participating lender. Cash transfer times and repayment terms vary between lenders. Repayment terms may be regulated by state and local laws. These disclosures are provided to you for information purposes only and should not be considered legal advice.

Some states have laws limiting the APR that a lender can charge you. APRs may range from 200% and 1386%. Loans from a state that has no limiting laws or loans from a lender not governed by state laws may have an even higher APR. The Annual Percentage Rate is the rate at which your loan accrues interest and is based upon the amount, cost and term of your loan, repayment amounts and timing of payments. Lenders are legally required to show you the APR and other terms of your loan before you execute a loan agreement.

Residents of some states may not be eligible for some or all short-term, small-dollar loans. Residents of Arkansas, New York, Vermont and West Virginia are not eligible to utilize this website or service. The states serviced by this website may change from time to time, without notice.

We do not make any credit decisions. Independent, participating lenders that you may be connected to may perform credit checks with credit reporting bureaus, obtain credit reports, or otherwise verify your Social Security Number. Typically, lenders may conduct a credit check through alternative credit bureaus to determine creditworthiness, credit standing and/or credit capacity. By submitting your information, you agree to allow lenders to verify your information and check your credit.

Loans provided by independent, participating lenders in our network are designed to be repaid within a short amount of time. Short-term loans are not a solution for long-term debt and credit difficulties. Only borrow an amount that can be repaid on the date of your next pay period. Consider seeking professional advice regarding your financial needs, risks and alternatives to short-term loans. Non-payment of your loan could result in collection activities. Late payments of loans may result in additional fees or collection activities, or both. Each lender has its own terms and conditions, and its own renewal policy. Please familiarize yourself with your lender’s policies for further information.