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Home > How It Works   

So How Do Payday Loans Work Anyway?

Payday loans are short-term loans that are available to you to cover anything from unexpected or emergency costs to planned purchases that you can't cover right away but will have the cash for on your next payday. Loan amounts vary from lender to lender. Most lenders can provide up to $1500.

The Process
The payday loan process is simple:

  1. Complete the online form
  2. Receive your approval instantly or over the phone
  3. Funds are transferred to your bank account overnight
  4. Your repayment is automatically transferred from your bank account on the date of your next paycheck
  5. Other requirements may apply

Platinum Payday Loans searches all the top lenders across the nation to find you the best deal on payday loans and cash advances. Some cases might require a copy of documents to support claims made on the form, though this is a rare occurrence. A customer service representative will contact you if any faxing is needed, so be sure to provide the most accurate information you can in order to expedite the process!

Payment Options
Your lender will provide many options for repayment depending on your needs and what will be most convenient for you. Contact your designated lender for any additional questions or concerns.

Sing up Now!
Signing up for our payday loan matching service using Platinum Payday Loans is easy and completely confidential. Just visit the form page and fill out the required information - if approved by one of our lenders, you could have your cash by the next possible business day.

Still Have Questions?
For quick answers to your payday loan questions, visit our frequently asked questions page or contact us today!

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