FAQ - Frequently Asked Questions

Before borrowing any money, it's really essential to understand how payday loans operate. Explore a number of the most suitable questions regarding short-term lending and also check our website. If the response to your question is not on this webpage, kindly see our contact page to send us your request, and we'll respond immediately. If your query relates a specific loan or deals for credit, you should inquire especially with your lender.

What is a Short Term Loan?

A short term loan or payday loan online is a loan, between $100 and $1000 that gives you the cash you require to cover costs until your next payday. It's a financial technique that helps buyers to get quick cash at whatever point they need financial help. In this way, these loans are open to customers independent of their credit scores; they don't have to manage the difficulty of credit to get reserves. The method is fast and less annoying than attempting to get credit from customary lenders. Our lenders can help you to get as much as $1,000 as regards your state, the lender and your financial condition.

In what capacity can I qualify for a Short Term Loan?

Qualifying for a payday loan is very simple than other kinds of credit. Cybotex.com can connect exceptional rates for the clients that ask for a loan from us. All you require is to have a functioning bank account in your name, you must not be less than 18 years old, be an occupant and legitimately working in the United States, have a up-to-date home/cell and work telephone number, have an official email address, have a working telephone number and meet salary prerequisites as stipulated by your lender. It is not essential that you should be employed yet you must have a consistent source of revenue to guarantee you will be capable of repaying your loan. You must survey and read through all lenders terms and conditions wisely since we can't offer you any guarantee.

At what point is a Short Term Loan a Good Option?

Short term loans are made to be utilized just in financial crises as short-term arrangements to enable you live a decent life between paychecks. The same concern must be utilized while getting any type of credit, and it ought to be utilized when choosing whether or not to take out a short-term loan. You ought to never ask for a loan for any other reason except in times of a serious financial crisis, and if you are encountering genuine financial inconveniences, you ought to consult a professional finance advisor for direction before taking a loan offer.

What if I Have Multiple Jobs or I am Self-Employed?

If you have numerous jobs, you must uncover the information about your occupation on you application and then give additional details about other occupations amid your correspondence with your lender. Likewise, if your lender asks for you to demonstrate them paycheck stubs, you must send stubs from all of your bosses. If you're an autonomous employee, all you have to do is prove that you have considerable income to meet the lender's conditions and that your business is trustworthy and your income is consistent for 90 days or more.

Are Short Term Loans Costly?

The excellence of short term loan is that they are more helpful because they can be get quickly. At the point when short-term loans are utilized properly, they took a toll less. Numerous lenders offer high-loan costs for short-term loans than other kinds of credit, since lender embrace a formidable hazard when they lend cash to buyers without doing credit checks. But, you can now get low-rate by your lender since they need to get fund back as quick as possible. You must ensure to repay your loan at the appropriate time to evade any unessential charges that is to your loan.

What’s the Cost of Short Term Loans?

The expenses will differ based on different many factors, for example, your loan amount, your place of residency, financial establishment, your lender, capacity to pay as at when due. Some of the charges which can be connected to your loan involve rate, finance charges, rollover charges, late fees and more. Please assess your deals to know the specific charges included.

Will I Have to Fax Documents?

There is a requirement for lenders to get extra details, for example, a bank proclamation, pay stub, legitimate status, confirmation of business or another type of payment to verify your status all together to diminish lenders' dangers, you may require getting a printer to print the supporting papers and in addition a fax machine to send the records back if it’s needed. Reports can be send through local UPS store or at a library for a little fee.

What if I Have Questions about the Lending Terms?

The Lending Act requires a loan agreement that you need to read and signed before accepting your loan which is an agreement between you and the lender. The loan agreement outlines the details of the loan. It is essential that you read and know the rules and regulation of the agreement before signing. If you have any inquiries concerning the deals, or if you don't agree with these terms, this must be negotiated with the lender who made the offer, and there ought to be sufficient clarification before getting the offer. Keep in mind that we're not a lender; therefore we can't give such clarification. However, once you have been given an electronic signature, you are authoritatively committed to follow all its prerequisites. Make sure you read your offers, and ask the lenders about any further information you don't have idea about.

How Do I Get Connected?

If you require cash and you need it now, you can get a deal and get associated with lenders for a short-term loan. Make use of our quick and simple online application. All you need is just a few minutes, and we will only ask for fundamental details which is required for preparing your credit. With that done, everything is considered to be finished, and the details will be sent everywhere on our system of lenders. Your lender will speak with you by through email if you are associated with any of the lenders and confirmed for a loan. You can likewise be diverted to the lender's site landing page. You must assess the offer carefully before you concur with the conditions, and consent to an electronic loan arrangement. After providing your signature, your assets will be kept into your account balance immediately.

How Do I Repay My Loan?

The terms and conditions for repayment are fixed in the agreement you get from your lender. The loan and charges are pulled back from your financial balance automatically on the due date. Then you must ensure that the reserves are available on the due date. You might be qualified for alternative, for example, expansion or rollovers which in the long run can save you some extra cash.

What if I Have Questions about My Loan?

If you need any request concerning a particular loan, you must discuss them with your lender instantly. Also take care of your confidentiality, this benefit does not have access to any information about your loan. Instead, your loan agreement must cover all contact details; this will empower you to approach the lender if you have any issue. In any case, if your lender did not answer or the answer you are given is not suitable, you can contact various government agencies through our site. With the help of these agencies the issue will be resolved.

What volume of Loans Can I have at One Time?

In spite of the fact that we don't support client taking in excess of one loan at once, due to common control and lending rules, you may just have three outstanding at once. At whatever point you apply for another loan, it's essential to uncover any details concerning your current loans in the request form. Though few states allow various loans, there can be limitations on the general limitations of credit that can be given to you; this implies that you may not be given the loan. Our lenders have the right to dismiss credit to anyone that already has an uncertain loan based on the rules and regulations within that state.

What if I Cannot Repay My Loan on Time?

Kindly note that except if payment is received, we will consider all alternatives ways that is appropriate under the law to collect all debt. You must audit your loan offer and reserve funds judiciously before filling the form, and you must not request for a loan if there is any vulnerability that you won't be capable of repaying the loan at the right time. We know that individuals' conditions can change. But, if you're not capable of paying your loan, you must let the lender know at the earliest opportunity. You can likewise be subject to obligation accumulation endeavors; nevertheless, there is no situation that our lenders can’t initiate criminal act against you. You should as well know that your obligation will proceed with the gathering of interest at high volume till it is expected.

Why Was My Request Denied?

Each payday loan organization has different support rules that choose whether or not a customer will be denied or endorsed. So whichever way, there are typically standard reasons on why your application may be rejected. Since online payday loans and retail front payday loans have different lending criteria, there could be various explanations behind refusal. It can be that you did not meet the principal conditions related to getting a short term loan. If you're in debt, you'll likewise be denied a loan. If you have an outstanding loan with another lender that is still in good condition! Therefore, if you think that you've been deceived in any capacity, you're prompted to contact the Consumer Financial Protection Bureau.

Would I be able to get a Loan from the Same Lender?

If have had a good relationship with a particular lender and you want to use that lender once again, you can with no doubt. This is highly supported because it will assist you to form a business relationship with that lender, this may lead to more loans, small financial loan fees and consent to other credit-related things provided by that lender. Make sure to check the loan agreement or some other different message or email you get from the lender to get their contact information and ask for the loan straightforwardly.

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Short-term loans are emergency credit products of relatively small amounts designed for short-term financial issues only and can become an expensive product if used for long-term purposes.


The owner and operator of Cybotex.com is not a lender and is not involved into making credit decisions associated with lending or making loan offers. Instead, the website is designedonly for amatching service, which enables the users contact with the lenders and third parties. The website does not charge any fees for its service, nor does it oblige any user to initiate contact with any of the lenders or third parties or accept any loan product or service offered by the lenders. All the data concerning short-term loan products and the industry is presentedon the website for information purposes only. Cybotex.com does not endorse any particular lender, nor does it represent or is responsible for the actions or inactions of the lenders. Cybotex.com does not collect, store or has access to the information regarding the fees and charges associated with the contacting lenders and/or any loan products. Short-term loans are not available in all the states. Not all the lenders in the network can provide the loans up to $1,000. Cybotex.com cannot guarantee that the user of the website will be approved by any lender or for any loan product, will be matched with a lender, or if matched, will receive a short-term loan offer on the terms requested in the online form. The lenders may need to perform credit check via one or more credit bureaus, including but not limited to major credit bureaus in order to determine credit reliability and the scopes of credit products to offer. The lenders in the network may need to perform additional verifications, including but not limited to social security number, driver license number, national ID or other identification documents. The terms and scopes of loan products vary from lender to lender and can depend on numerous factors, including but not limited to the state of residence and credit standing of the applicant, as well as the terms determined by each lender individually.


APR Representative
APR (Annual Percentage Rate) is the loan rate calculated for the annual term. Since Cybotex.com is not a lender and has no information regarding the terms and other details of short-term loan products offered by lenders individually, Cybotex.com cannot provide the exact APR charged for any loan product offered by the lenders. The APRs greatly vary from lender to lender, state to state and depend on numerous factors, including but not limited to the credit standing of an applicant.

CybotexAdditional charges associated with the loan offer, including but not limited to origination fees, late payment, non-payment charges and penalties, as well as non-financial actions, such as late payment reporting and debt collection actions, may be applied by the lenders. These financial and non-financial actions have nothing to do with Cybotex.com and Cybotex.com has no information regaining whatsoever actions may be taken by the lenders. All the financial and non-financial charges and actions are to be disclosed in any particular loan agreement in a clear and transparent manner. The APR is calculated as the annual charge and is not a financial charge for a short-term product.


Late Payment Implications
It is highly recommended to contact the lender if late payment is expected or considered possible. In this case, late payment fees and charges may be implied. Federal and state regulations are determined for the cases of late payment and may vary from case to case. All the details concerning the procedures and costs associated with late payment are disclosed in loan agreement and should be reviewed prior to signing any related document.


Non-payment Implications
Financial and non-financial penalties may be implied in cases of non-payment or missed payment. Fees and other financial charges for late payment are to be disclosed in loan agreement. Additional actions related to non-payment, such as renewals, may be implied upon given consent. The terms of renewal are to be disclosed in each loan agreement individually. Additional charges and fees associated with renewal may be applied.


Debt collection practices and other related procedures may be performed. All the actions related to these practices are adjusted to Fair Debt Collection Practices Act regulations and other applicable federal and state laws in order to protect consumers from unfair lending and negative borrowing experience. The majority of lenders do not refer to outside collection agencies and attempt to collect the debt via in-house means.


Non-payment and late payment may have negative impact on the borrowers’ credit standing and downgrade their credit scores, as the lenders may report delinquency to credit bureaus, including but not limited to Equifax, Transunion, and Experian. In this case the results of non-payment and late payment may be recorded and remain in credit reports for the determined amount of time.