Frequently Asked Questions

What is a payday loan?

A payday loan is a short-term, small-dollar loan typically due on your next payday. It’s designed to cover urgent expenses until you receive your next paycheck.

What is an installment loan?

An installment loan allows you to borrow a fixed amount of money and repay it over a set period in regular installments. These loans are often used for larger expenses.

What is a title loan?

A title loan is secured by your vehicle’s title. You temporarily surrender the title to the lender in exchange for funds. If you fail to repay, the lender may repossess your vehicle.

What is APR?

APR (Annual Percentage Rate) represents the total cost of borrowing, including interest and fees, expressed as an annual percentage. It helps compare loan offers.

What are unsecured/secured personal loans?

Unsecured personal loans don’t require collateral, while secured loans (like title loans) do. Collateral provides security for the lender.

How much money can I borrow?

Loan amounts vary based on factors like your income, creditworthiness, and the type of loan. Check with 24CashToday for specific limits.

Can I get a payday loan with bad credit? What is considered a bad credit score?

Yes, you can still get a payday loan with poor credit. 24CashToday considers various factors beyond credit scores when evaluating loan applications.

Does 24CashToday charge for its service?

24CashToday does not charge fees for its service. However, interest rates and fees apply to the loans themselves.

What types of loans are offered at 24CashToday?

24CashToday offers payday loans, installment loans, and title loans. Check their website for specific details.

What is the point of using 24CashToday instead of a direct lender?

24CashToday connects you with multiple lenders, increasing your chances of approval. It’s a convenient way to explore loan options.

Does 24CashToday offer guaranteed loans?

No, 24CashToday does not guarantee loan approval. Approval depends on various factors.

What do I need to apply for a loan online?

Typically, you’ll need identification, proof of income, and a bank account. Specific requirements may vary.

Do I need collateral to apply for a payday loan?

Payday loans are usually unsecured, so collateral is not required.

How long does it take to get a decision?

The decision time varies but is often quick. Some loans provide instant decisions.

Can I get a loan if I am unemployed?

It’s challenging but not impossible. Some lenders consider alternative income sources.

Can I borrow money without a credit check?

Some lenders offer no-credit-check loans, but they often come with higher interest rates.