FREQUENTLY ASKED QUESTIONS:
What is a short term loan?
A short-term loan is a direct deposit loan designed to help people in an emergency situation. These loans are meant to be over a short-term and paid back at your next payday. It is very important to note that a short term loan is not meant to be a long-term financial solution.
Is MyFlexCash.com a direct lender?
Yes. MyFlexCash.com is a direct funder for online short term loans. Many short term loan sites are not direct lenders and sell your information to other businesses. MyFlexCash.com is a direct funder and will not sell any of your personal information to third parties. We are the company that will approve your loan and also provide the funds in your bank account.
What are the requirements for a short term loan?
- Have an income of at least $1,000 per month
- Have proof of employment
- Have an open bank account
- Be reachable by phone and email
- Be at least 18 years old and a permanent U.S. resident
How does the short term loan process work?
The application process for a short term loan is very simple and no faxing is required. Once your online application is approved you will receive the money in your checking account the next business day. You will receive your payment due dates at the time of funding. The amount due will be debited from your account on the agreed upon due date. Once your loan is paid in full you will be able to apply for an additional personal loans for up to $1,000.
What does an online short term loan cost?
Our finance charge is $30 for every $100 borrowed.
When is payment due on the loan?
Your loan payment is due on your next payday unless your payday happens to be on a weekend or holiday.
Do I need a fax machine?
No. We do not require you to fax any information in order to get approved for a loan.
How do I find out if I have been approved?
Once you have completed the online application you will receive an email confirmation. After your account has been reviewed and approved you will receive a phone call from our underwriting team.
What are your business hours?
Monday - Friday from 9am - 12am (Eastern Time) Saturday and Sunday from 9am - 6pm (Eastern Time)
When will I receive the funds from my loan?
If your loan is approved before 5:00 p.m. EST you will receive the funds in your bank account the next business day.
Can I pay off my loan early?
Yes. There is no penalty if you pay off your loan before the due date, in fact, we encourage customers to pay more than just the interest due. You can then apply for a new loan any time after your current loan is paid in full.
What will my transaction look like on my bank account statement?
The following will appear on your statement "MFXC 8668683388".