Frequently asked questions about fast online loans


This website is not a lender. Isolde offers a free reference service to consumers who are looking for fast and urgent loan options online. People should be aware of the risks of using short-term loans. They are designed to be used for emergency financial situations and should never be considered as a solution to long-term debt problems.

In this section we answer the most common questions that consumers have about quick money loans.

Minimum requirements

Minimum requirements

 

Are there any requirements necessary to apply for a quick money loan?

Yes. To be eligible to apply for a loan you must meet the following requirements:

• Be at least 18 years old
• Have a verifiable work phone number
• Have an active checking or savings account
• Have a monthly income of at least $ 1000
• Live in the state of the USA in which you are requesting the loan

Any person who is in active service with any branch of the Armed Forces of the United States can not request a quick cash loan.

Bad credit or no credit

Bad credit or no credit

 

My credit is less than perfect. Can I apply for a quick money loan?

It is possible to qualify for a quick money loan, even if you have a poor credit history, low credit score, or have broken bank. Remember that this website does not grant loans or grant credit. Not everyone who applies for a quick money loan will qualify.

Will the lenders do a credit check on me?

Many fast money lenders perform credit checks on applicants. They can also verify the information that is provided in the application form, such as Social Security number, phone number and address. Having poor credit does not necessarily disqualify an applicant from being approved for a quick cash loan.

Although they check your credit, this does not mean that they will be guided by this to approve or not your loan. With this type of loan what is taken into account is how much the applicant earns. More than anything they check it to check information since in their credit report not only their debts appear, but also their address, work, social security, addresses and previous work and other important data.

After applying

After applying

 

What happens after I submit my application?

Intermediary entities do their best to match you with a trusted online lender that is right for you. However, we can not guarantee that you will be matched. Once you complete and submit your application online, you are sent to one or more lenders. Read here how to check the status of your application after submitting the approval online.

Who decides if I am approved for a quick money loan?

Each lender has its own rules, conditions and regulations when it comes to the loan approval process. Isolde does not make loans and plays no role in this process. Not everyone qualifies for a loan and approval is not guaranteed. The decision to approve or deny an applicant’s loan application rests solely with the lender.

They do not charge for making the request. You have nothing to lose. Here we provide the information of 3 online entities to make your request. In case you submit the online form for example with ICashLoans and no lender approves you, you can deal with the second one that is CashCentral, you can also deal with Cash Advance. If they could not match you with a lender either, then I could deal with Cash Central (they are direct lenders). Read here How to complete the application for an Internet loan in the USA.

Terms and rates of the loan

Terms and rates of the loan

 

What types of fees and interest can I expect to pay with a quick cash loan?

This website does not offer loans or credit to consumers. All fees, including APRs, are strictly set by each lender. The state where you reside will influence your rates and the amount of money you borrow. Due to the nature of these short-term loans, it is always advisable to borrow the least amount of money possible and only what you can comfortably pay within the allotted time (usually two weeks).

Payments and Extensions

Payments and Extensions

 

If I am approved for a loan, when can I expect to receive the funds?

Except for any delay during the processing of your application, the time it takes to transfer ACH funds varies with each lender, and depends on your financial institution. Most lenders work from Monday to Friday and make their loan approval decisions during these hours. Approved applicants often receive their loan within one business day.

What happens if I can not pay my loan when it is due?

If you are in this situation, you should contact your lender immediately. Sometimes it is possible to get an extension on the due date of your loan, but this depends on your lender’s rules regarding this and also on the law of your state that governs this circumstance.

It is your responsibility to review and understand all the terms and conditions of your loan agreement before signing. Lenders are required to inform you, in writing, of all terms including payment schedule, fees and APRs before signing the contract.

Late and partial payments: Failure to pay the full principal amount and interest on the agreed payment date may result in additional charges and / or collection activities. Review the late payment policy on loan documents provided by your lender before giving your electronic signature. Once you read them and they agree to accept the loan.

Loan renewals: Isolde can not provide a renewal for you. Each lender has its own renewal policy that may vary according to the lender. With each extension or renewal, the lender may evaluate a new finance charge (Extension Fee) and the payment date may be extended until the next payment date. If you are allowed to extend the repayment time, be prepared to pay additional fees and interest over what you originally owe.

Implications for non-payment: Isolde does not impose payments. Failure to pay your loan in accordance with the terms and conditions set forth in your contract can ask your paired lender to take legal action against you. Additional charges may apply in the event that you do not pay your loan.

Collection practices: Lenders may attempt to contact borrowers through one or more authorized methods, including phone calls and emails, to arrange payment. The collection practices of each lender will be in accordance with the directors of any applicable federal regulation at all times.

Impact on the credit report: late or unpaid payments, delinquencies and defaults can be reported to credit agencies that can negatively affect your credit rating. Consumers with credit difficulties should seek the help of credit counselors.

Consumer rights and responsibilities

Consumer rights and responsibilities

 

How do I know if a quick money loan is the right option for me?

Due to the short repayment terms generally associated with quick money loans, the smart consumer will only use them for a serious financial emergency. This could be an urgent medical expense, an unexpected repair of the car, or a utility bill that can no longer be ignored.

Borrowing money is something that must be taken seriously. Isolde suggests that anyone who wants to apply for a quick cash loan first consider other options. A small personal loan from your bank or credit union could be a possibility. A cash advance can be taken from some credit cards. Check if you can get an advance on your employer’s paycheck. Or maybe you have a trusted friend or relative who would be able to lend you the money you need.

No matter what you choose, never borrow more than you need. If you have any doubts about your ability to repay a quick cash loan within the scheduled time, investigate other quick cash loan options.

  • Minimum requirements
    • Are there any requirements necessary to apply for a quick money loan?
  • Bad credit or no credit
    • My credit is less than perfect. Can I apply for a quick money loan?
    • Will the lenders do a credit check on me?
  • After applying
    • What happens after I submit my application?
    • Who decides if I am approved for a quick money loan?
  • Terms and rates of the loan
    • What types of fees and interest can I expect to pay with a quick cash loan?
  • Payments and Extensions
    • If I am approved for a loan, when can I expect to receive the funds?
    • What happens if I can not pay my loan when it is due?
  • Consumer rights and responsibilities
    • How do I know if a quick money loan is the right option for me?