frequently asked questions - floridaloansonline.com
PAYDAY AND PERSONAL ONLINE LOANS IN FLORIDA WITH FLEXIBLE PAYMENTS
1. What is a personal loan?
Though they might be given many different names, personal loans are all intended to provide you with temporary relief from financial difficulties.Though they might be given many different names, personal loans are all intended to provide you with temporary relief from financial difficulties.
2. Who can qualify for a personal loan?
Most lenders demand that you:
- 1. Have a checking account in your name.
- 2. Have been employed at your current job for at least 90 days.
- 3. Are a US citizen or a permanent resident, and at least 18 years old.
- 4. Have an after-tax income of no less than $1,000 per month.
4. How much can I borrow?
Though the majority of lenders in our network will give loans ranging from $100 to $5000, some factors such as legal limitations and your state of residence will determine the amount a lender is willing to you.
5. How long does it take to process the loan?
Filling the secure form on our website should take only a few minutes. Upon receiving your information, we will instantly start searching our network for any lender willing to do business with you. One of our lending partners should respond to your request within minutes. Also, you can expect to get final approval and funding in as little as 24 to 48 hours, if applicable.
6. How will I collect the loan?
Once your loan is approved by the lender and you have accepted the terms, the lender credits your bank account with the loan amount, as quickly as within one business day.
7. What does a short-term consumer loan cost?
Accessing and using FloridaLoansOnline.com's marketplace service is entirely free of cost. Depending on the lender, the real cost of your loan may vary. Information regarding the fees and rates applicable to the loan will be made available to you before you accept the loan. Personal loans are not intended as long term financial solutions but usually cost less than late charges, NSF fees or reconnect fees for overdue utilities. Before accepting a loan, be confident of your ability to repay it without defaulting.
8. Will I need a printer or fax machine?
Some lenders will seek your approval to collect information, such as your income verification and bank statement online, eliminating the need for you to email or fax copies of those documents. However, some other lender might demand that you email or fax copies of your pay stubs, bank statement, or other information. You will also need to print a copy of your loan agreement. If you do not have access to a printer or scanner, consider visiting Office Max, Kinkos or any other office service providers. Any questions you have after your loan has been disbursed should be directed to your lender.
9. Can I still get for a loan if I have bankruptcy or bad credit issues?
Personal loans are usually made available to only people with good credit, although each lender has different policies. Individuals with bad credit may consider taking short-term consumer loans. If we are unable to get a lender that is willing to give you a personal loan for your requested amount, we will try to help you look for a short-term lender in our network.
10. If I already have an outstanding cash advance loan, is it possible to get a new one?
You may be allowed to secure more than one personal loan at any given time, but this will depend on your state's laws as well as your lender's practices. If you have an outstanding personal loan, you should let your new lender know about it before you accept a new loan from them.
11. What happens if I make a late payment?
12. When and how do I repay my loan?
If you chose the hassle-free and secure ACH payment option, repayment for your loan will be automatically drawn from your bank account when it's due. This option is intended to help you avoid unnecessary stress and the likelihood of incurring late fees as a result of default. If you would love to have your loan extended, please contact your lender; ensure you don't miss a payment before doing this (there may be extra fees involved).
13. Is an extension possible on repaying my loan, and how many extensions can I get?
Each lender has its specific policies on extensions or "rollovers." Rollovers are not allowed in some states, while some other states allow multiple rollovers. If you would love to have your loan extended, please contact your lender before you miss any payment. Most lenders are willing to work with you to ensure you don't miss your payments or default on your loan.
14. When will I be able to get another loan?
You can get a loan at any time using FloridaLoansOnline.com's service, except when restricted by state law. If you have an outstanding loan, notify your new lender before taking a loan from them
Important Disclosures. Please Read Carefully.
Not all states can benefit from our service because some states prohibit our kind of loans, and there are some states where we are yet to have lenders. So if you live in a state which falls into any of these categories, your request may not be processed. However, you may be provided with the option of obtaining the loan you need from tribal lenders, in some cases. Note, however, that although tribal lenders are subject to some federal and tribal laws, they are not bound by state laws, including usury caps. As such, if you're obtaining your loan from a tribal lender, please note that their rates may be higher than those of state-licensed lenders. In addition, they demand that you agree to resolve any disputes in a tribal jurisdiction. You are advised to resist the urge to quickly click "I accept" on the terms of any loan offer you get. Read, and be sure you fully understand and are comfortable with all the terms of the loan before you accept it; if otherwise you may reject the offer.
Shorter duration loans are not a long-term financial solution. They are only meant to provide temporary financial succor. If in a critical financial crisis, you might want to consider other options or seek financial counseling from a professional.
We are not offering to lend you money. FloridaLoansOnline.com is not a lender and makes no credit or loan decisions. We only connect interested persons with lenders from our network of certified lenders. We are not a representative, broker or agent of any lender, we have no control over them, and so we do not endorse any lender and can not take responsibility for their actions or inactions. FloridaLoansOnline.com receives commissions from the lenders it works with, often based on a ping-tree model, similar to Google AdWords, where the consumer is connected to the highest available bidder. Notwithstanding, you can always use FloridaLoansOnline.com’s service for free.
By providing your information through this website, you are giving FloridaLoansOnline.com and its partners the right to carry out a credit check, which may involve confirming your driver's license, social security number, or other means of identification, and a review of your creditworthiness. We usually perform credit checks through one of the major credit bureaus such as Equifax, TransUnion and Experian, but we may also consult other credit bureaus such as Teletrack, DP Bureau, and the likes. You also permit FloridaLoansOnline.com to share your information and credit history with our network of certified lending partners.
LENDER'S DISCLOSURE OF TERMS
You will be provided documents containing every information, including rates and fees, of your loan, by any lender we connect you with. Such information as potential fees for late payments and the conditions guiding the refinancing, renewal, and rollover of your loan (if sanctioned by applicable law) will also be contained in those documents. It is the sole responsibility of the lender to set interest rates and loan fees, depending on their underwriting criteria, internal policies and applicable law. FloridaLoansOnline.com knows nothing about the loan offer you receive and has no control over it. As such, you are advised to read, and be sure you fully understand and are comfortable with all the terms of the loan before you accept it; if otherwise you may reject the offer.
LATE PAYMENTS HURT YOUR CREDIT SCORE
Please note that making a late payment or missing a payment can have a negative impact on your credit score. To protect yourself and your credit history, ensure you only take loans with terms you can conveniently meet without complications. If for any reason you're unable to meet a payment deadline, you should immediately contact your lender, to deliberate on how to handle late payments.