Secured Short Term Loan Application







FAQs

HPD Loans Frequently Asked Questions

What is payday loan or cash advance?

It is a short term cash loan that is given to you by the lender and is not expected to be pay back until your next pay date. In other words, you can spend cash you received on anything you wish and pay it back when you get paid.

What are the benefits of a Hot Payday Loan cash advance program?

HPD Loans offer no hassle fast cash loans to be available to you the next business day. All you need to do is complete an application and you will see how easy it is. Once you are a member, it is even faster to get a loan. Other bank loans can be tedious, confusing, and it will mostly likely not be available until a few days because of all the verification process they must follow. When you need an emergency cash advance, who has time to wait few days? People need it right away as fast and easy as possible.

This sounds awesome! How do I get qualify?

Hot Payday Loans requires you to have the following:

–  A stable employment that receives direct deposit
–  Active traditional checking account. Internet banks such as Meta Bank are not valid
–  Total monthly net income of at least $1,500.00 a month. This is the amount which is deposited into your bank account.

How do I pay back my loan?

Since HPD Loans has made the process of getting a cash advance that easy, paying it back is even much easier. Your loan is automatically due back in FULL on your scheduled pay date. There is absolutely nothing you have to do from your end. All you have to do is sit back and relax and let us do the work for you.

What if I can’t pay back the entire loan in FULL on my scheduled pay date?

HPD Loans offer extension or partial payment if you are unable to pay the entire balance in full. You will need to notify us at least one business day prior to your loan due date. For more information, please visit our HPD Loans fees page.

How do you determine my initial loan amount?

Your initial loan amount is determined based upon your monthly income. For first-time borrower, you can receive up to a maximum of $300.00. Once you have established your credit history with us, your loan amount will be increased.

How soon will I know my application status?

After you have completed our 24hr HPD Loans application and submitted all your documents, we will contact you by either email or phone within one hour during our normal business hours from Monday to Friday, 7:00AM to 4:00 PM (PST). For applications submitted after hours, we will contact you first thing the next business morning. For weekend’s applications, it will be process the very next business day.

What if I have a bad credit or no credit?

We do not utilize any credit checking procedure to process your loan application. By eliminating this step, it makes the process of getting a short-term cash loan quicker than going with conventional banking system. This is what distinguishes us from them!

Can I pay back my loan before my due date?

You are more than welcome to pay back your loan any time prior to your due date. You will need to notify us at least one business day prior your original due date. There are no prepayment penalties when paying your loan early.

If I changed my mind, when I can cancel my loan?

You may rescind the deferred deposit loan without incurring any charges by returning the deferred deposit loan amount to the deferred deposit lender on or before 5:00 P.M. (PST) the next business day following the deferred deposit loan transaction.