FAQ

What is a payday loan?

A payday loan is cash advance offered to help you get to your next paycheck.

Are you a direct lender?

No. ciboakhill.org is a referral service.

What is a loan referral?

A loan referral is advice on where to go to get a loan on the most beneficial terms.

What loan amount can I be approved for?

Usually, the loan amount is $500 to $1,000.

What are the rates and terms of payday loans?

Loan terms vary by lender and state. This information will be provided by the lender.

What are the loan requirements?

To be approved for a payday loan through our referral service, you typically must:

live in one of the states where payday loans are legal;
be at least 18 years old (19 in some states);
be employed and have proof of regular income;
have a valid bank account in your name;
have a valid email address and phone number.

Do I need collateral to get a loan?

No. You do not need to have collateral to get approved for a loan.

When will I get the money?

The time when you receive the requested money varies by lender. Typically, the funds are deposited to your bank account as soon as the same day.

Can I repay a loan early?

Yes. Most lenders from our network of lenders allow early loan repayment (before the due date) and do not charge any fees for that.

Can I extend a loan?Yes. If you have any difficulty repaying your loan, you can apply for a loan extension. Keep in mind that not all lenders offer this service. Important: you should contact a lender a few days before the due date.

How do I repay a loan?

You must repay loans on a due date specified in the loan agreement. Typically, installment loans are repaid via regular payments (usually monthly). Payday loans are usually repaid in a lump sum.

How to apply for a loan?Applying for a loan is easy. The procedure is purely online. The user’s personal information is protected by the most secure encryption method. All you need to do is to fill out an application on our website and wait for the lender’s decision.

How much does it cost to apply for a loan?

Our referral service is free.

Can I get a payday loan with bad credit?

Yes. You can be approved for a loan even if you have bad credit.

Can I get approved for a loan if I have no credit at all?

Yes. Many lenders from our network of lenders approve loans to consumers who have no credit.

In what states are payday loans legal?

Payday loans are legal in Alabama, Alaska, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, and Wyoming.

What states currently prohibit payday loans?

Payday loans are illegal in Arizona, Arkansas, Connecticut, Georgia, Maryland, Massachusetts, New Jersey, New York, North Carolina, Pennsylvania, Vermont, West Virginia, and the District of Columbia.