What does it cost?

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What does it cost?

When you complete your online application for a payday loan at itzoo.info, it will cost you absolutely nothing. We are not a lender and do not provide lending services directly to you. What we do is connect you with our large array of lenders who want your business.

Based on the information you submit, itzoo.info searches our network of payday lenders (the only ones we have selected to work with) and try to find you a lender who is interested in your specific qualifications. We’ll connect the two of you…quickly. No time lost waiting for things to happen. We know you don’t have time to waste. Normally, after hitting the ‘submit’ button it takes up to 90 seconds to find a lender for you. Not everyone qualifies but if you stay online you will learn if you are approved.

The Truth in Lending Act requires all lenders to fully disclose all loan fees and interest rates that you as a borrower may be charged. Our lenders are professionals, and all fees and rate information should be disclosed to you at the time of your online payday loan approval. Be sure to ask all questions you may have of your lender about your quick cash loan.

Here are the steps you will go through:

What are my loan terms?

Your lender is required to provide you with documents that contain all the fees and rate information about your loan offer. Please completely review all the information provided to you before agreeing to the terms of your quick payday cash advance. All loan fees and interest rates are determined solely by your lender. You are under no obligation to accept a loan offer. If you decide the loan terms detailed in the lender contract are acceptable then proceed with your quick payday cash advance and await receipt of your money. You will usually have the money in your account the next business day!

What if I am late with a payment?

Late payment policies vary by lender. Review the late payment policy detailed in your loan documents provided by your lender before you sign any documents. Some states have different rules and regulations related to payday lending so be sure to find out what your state requires and what protections you have.

Related: What Happens When You Can’t Repay a Short-Term Payday or Installment Loan?

What if I can't pay it back on time?

Additional fees or charges usually apply in the event that you are unable to repay your quick payday cash advance. At itzoo.info we use all reasonable efforts to only work with reputable lenders dedicated to pursuing collections of past due accounts in a fair and reasonable manner. However, we have no control over your lender's collection policies or fees. Speak directly with your lender about any payment issues. Ask your lender, before you accept your loan, what their fees or charges are if you miss a payment.

Can My Loan be Renewed?

Loan renewal policies are governed by each state. In states where rollovers or extensions are allowed, interest rates along with late fees may be assessed and can add substantial costs to the cost of your original loan. Always read your loan terms in full before signing any loan agreement.

Normally you can borrow up to $1,000 on a payday loan but most quick cash loans are for $500 or less. If you need more than $1,000 you can apply for an installment loan which has lower rates and longer payback periods. Complete the same application form and select $1,000+ from the loan amount you want. We will then connect you to our installment lenders.

How much are the fees or interest?

This will vary depending on several factors. Payday loan lenders rates and fees vary. Many people refer to APR or annual percentage rates and your APR rates can equal from 200 to 400%. Never take quick cash loans if you do not intend to pay back on the terms you agreed to. Online loans can help you out in a crunch but understand the costs before you get one.

Related: What You Need to Know About APR and Interest Rate

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