The Facts about PayDay Loans
Welcome to PayDay Loans For Less. Thank you for choosing us to help you with your short-term financial needs. We know that as a consumer, you need straightforward facts to make an informed decision about using a payday advance service. Take a moment to review the answers to these frequently asked questions.

Q. Do most people use a payday advance service for the same reason I do?

A. Probably so. Surveys show that while most Americans do a pretty good job of managing a household budget, most of us need occasional help.

Q. How often do most people use this service?

A. Since a payday advance is a short-term solution to an immediate need, it is not intended for repeated use in carrying an individual from payday to payday. When an immediate need arises, we're here to help. But a payday advance is not a long-term solution for ongoing budget management.

Q. Is my transaction confidential?

A. We respect our customers' desire for privacy
in managing their personal financial matters. The payday advance transaction is a confidential one between you and our company and we will treat your information accordingly.

Q. How does PayDay Advance determine the amount of money to advance me?

A. State law generally regulates the maximum advance amount available to our customers. Within the allowed range, you qualify for a particular advance amount based on your income. Sometimes we can't give you as much as you would like; PayDay Loans For Less wants to be part of your financial solution. We wouldn't really be helping if we advanced you more than you have the ability to repay.

Q. How are fees established and can your company charge me as much as you want?

A. The fee we charge is competitve and in compliance with applicable state law. It is our goal to offer you the best service at the most competitve fee possible.

Q. Does Payday Loans For Less check my credit rating before advancing me money?

A. No, we do not obtain a complete credit report. Unlike many other financial institutions, we do not require that you have good credit or, for that matter, have any credit history at all. We do however subscribe to a risk assessment service. It tells us if the customer is current in payments to other businesses like ours and whether customers have cash advances outstanding with other companies that subscribe to the same service.

Q. Getting a payday advance is so simple, why is there so much information in the Customer Agreement?

A. The Agreement you read and sign prior to receiving a payday advance is a contract between you an PayDay Loans For Less. Our contract complies with all state and federal disclosure requirements. It fully outlines the terms of the payday advance transaction, including the cost of the service, both as a dollar amount and as an annual percentage rate (APR). Although most payday advance customers do not consider the APR information helpful when evaluating the cost of a payday advance, in the interest of full disclosure, PayDay Loans For Less wants you to have all the information you need to make an informed financial decision.

Q. What happens if I don't have the funds necessary to repay PayDay Loans For Less on my due date?

A. Just like you we hope this doesn't happen. But if it does, PayDay Loans For Less is committed to collecting past due accounts, in a professional, fair, and lawful manner. If we deposit your check and it is returned from your bank with insufficient funds, you will be charged a return check charge if permitted by your state's law. You will be responsible for payment in full of your account, including the return check charge. We will contact you to collect the amount due. If necessary and appropriate your account may be turned over to a collection agency.

Q. If my account becomes past due, will I face criminal charges?

A. No, PayDay Loans For Less does not pursue criminal actions against a customer as a result of the customer's check being returned unpaid. If it becomes necessary, however, we will seek civil remedies to collect past due accounts.

Q. What can I do if I am ever dissatisfied with the service received from PayDay Loans For Less?

A. We strive to provide friendly and professional customer service and receive very few customer complaints. But occasionally a problem will arise. If you have a concern please contact the management

Q. Is there any difference between the online loans and the in-office loans?

A. Yes. The online loan service uses a variety of lenders to match you with the right loan and is not processed through Premier Financial Development Corporation. Also, the same lending rate and rewards program will not apply.