Returning Customer Login

You’re Loan Is Already Pre-Approved! No Credit Check, No Faxing!

Save Time–We’re backed by 100+ Bad Credit Waiving direct lenders that can lend You up to $999 CASH!

How Do Payday Loans Work?

As so many of us no doubt know, there’s no such thing as a failsafe plan against financial difficulty. Even people that go to great lengths to save, cut back on expenses, and invest wisely could potentially find themselves in need of extra cash that they don’t have immediately available. That’s when it’s good to know that there are options you can fall back on in your time of need.

However, not everyone is eligible for the traditional loans some people might turn to. Plus, who wants to borrow money from family and friends that are very likely in the same boat to one degree or another. If that state of affairs sounds familiar, then a payday loan may be just the thing.

What Is a Payday Loan?

A payday loan actually has quite a lot in common with a more traditional loan. However, it’s specifically tailored to suit the needs of those that need to borrow the cash they need quickly and simply. Also sometimes called cash advances or short-term loans, payday loans are basically loans against one’s next paycheck. You get the money you need today to pay your bills or cover your emergency expenses and get to conveniently pay it back (plus applicable fees) on your next payday. It’s simple, it’s fast… and it’s easy.

What Do You Need to Qualify for a Payday Loan?

Traditional loans typically require you to pass a grueling credit check before you’re approved for your funds. You also need to be willing to commit to a long-term repayment plan that you may or may not want to consider. Payday loans most often do not require you to submit to a credit check, put up collateral, or go through a lengthy interview process, making them excellent options for people with bad credit or no credit.

In most cases, all you need is verifiable proof of a steady income. (Pay stubs and/or bank statements will usually suffice.) You will also need to be at least 18 years of age. Most payday lenders will require you to have a working, active checking account where the money can be deposited once you’re approved as well.

What Happens During the Process of Applying for a Payday Loan?

During the application of applying for your payday loan, you’ll be told what the applicable fees will be. Although what you’ll actually wind up paying in fees and interest will vary from option to option, you can probably expect to pay your lender around $15 for every $100 borrowed.

Once you agree to the terms, you will write a postdated check (or approve a future electronic payment) to your payday lender for the amount you’re borrowing plus the fees. The borrowed amount will then be deposited into your bank account immediately so that you can use it to cover your expenses. The check you wrote or payment you authorize will then go through as scheduled on your next payday. Simple, right?

All things considered, payday loans are the most popular option when it comes to covering unexpected expenses and with good reason. They’re fast, they’re simple, and they’re hassle-free. Apply for your loan today!

What do I need to apply for a payday loan online?

All you need is to be employed, make at least $1000 a month, be a US citizen at least 18 years of age and have an active checking account.

Does it matter if I have bad credit or no credit?

It does not matter if you have bad credit or no credit at all. Our payday loans are designed to help people in need of emergency credit, so we understand that you may have had credit troubles in the past.

Do I need collateral to apply for a payday loan?

No collateral is necessary or accepted.

Are there any costs to apply for the loan?

No. You will not be charged to apply for the payday loan, whether or not you are approved. Plus, with our satisfaction guarantee, you won’t be charged any fees if you change your mind about the loan within 48 hours.

How much can I borrow?

You can borrow up to $1,000, depending on your state.

When do I receive my loan?

You will generally receive your money the next business day. For security purposes, we must be able to contact you by telephone before your loan is funded.

How will I know if I’m approved?

Shortly after we have all the necessary information, we will send you an email advising whether or not you are approved.

Will I need a fax machine to apply for a payday loan?

No. CASHCARMA requires no faxing as a part of the loan application.

When do I have to repay the loan?

Your payday loan will be due on your next approved payday (loan durations are state specific). You will be informed of the due date when your loan is approved. You may also have the option to pay off the loan early or renew the loan until your next payday (if applicable in your state).

How do I repay my loan?

CASHCARMA will initiate a transfer of funds from your bank account on the day the loan is due.

If I pay my loan early, how does that affect my finance charges?

Paying early will not reduce your finance charge or result in any penalty.

Get Cash Deposited Overnight!

Verify you have your standardized social security number and bank account data convenient while finishing the application, as you will require this data to be qualified for a payday advance. Once your approved, your cash is posted to your account overnight.

Our network of direct lenders are ready to give you cash no matter how bad your credit.


  • SpMarathon Financial is great. Man, their service is getting better and better. I tell all my collegues about SpMarathon Financial. Keep up the excellent work! Anita Perkins Buffalo, NY
  • SpMarathon Financial exceeded my expectations. It makes my life alot easier. I am so please with SpMarathon Financial. Really good.Andre Eldridge San Jose, CA