Frequently Asked Questions

1. Do I qualify for a payday loan?

• ” You need to be employed full time or part time.
• ” You need to have been employed in your current job for at least 3 months
• ” You need to be over 18 years of age.

2. What is a payday loan?

A payday loan or cash advance is a small loan of $100 – $600 for a short term – usually until your next payday. The cost of a $100 cash advance is around half the cost of a bank dishonour fee. It’s also less than paying late fees for you rent and it’s certainly more convenient than wasting your valuable time waiting in bank queues. Certainly the Money Boss doesn’t have time for that and I doubt you do.

3. How do I repay what I borrow?

Repayment is typically between 14 and 30 days on average, depending when you are next paid. An automatic direct debit is set, so you repay the cash advance on your next payday.

4. What documentation is needed?

The beauty of having the Money Boss do the work is that I’ve found the company that can do it without paperwork. The whole application process can be done online in a few minutes. As long as they have everything they need from your online application, you won’t need to fax or scan anything.

5. How long does it take to get paid?

You get paid straight into your bank account within 60 minutes of approval during business hours. If you confirm your loan after 3.00 pm your funds might not be available until the next morning. If you’ve applied outside of business hours you’ll need to wait until the next business day for approval and payment.

But it gets better. Members get paid straight onto their free Cash Doctors debit card within seconds 24/7/365 – even from their mobile phones no matter where they are. It doesn’t matter when it is, or where they are, they just request the funds from their computer or phone, wait a few seconds, then voila! An SMS confirming the funds are available on the card.

7. How can I be sure my information is safe? What is your privacy policy?

Your privacy is very important to us. Money Boss is a professional. I don’t do things in halves. I’ve done everything to protect your privacy and personal information. I secure your data when it is passed and stored on our servers. I also make sure tight security measures are maintained so that your information stays confidential. You can feel safe that everything is being done to protect your information.

8. Do you lend to people with a bad credit history?

Nearly all lenders carry out a credit check as part of assessment of your first application. You should actually steer clear of the ones who don’t. They are not even trying to assess your capacity to repay.

But if you have a default – you still have a good chance of getting approved. Cash Doctors approves cash advances for applicants with black marks on their credit history. It works a little differently from traditional lenders.