payday loans, pay day loans, title loans, cash for gold Pay Day Loans from the Gorilla Loan Store How pay day loans work Apply now for a pay day loan, payday loan, title loan We will buy your gold Get a title loan fast! Frequently Asked Questions about Pay day loans, title loans, cash for gold Member login: Gorilla Loan Store by Payday Loans, LLC Contact the Gorilla Loan Store

FAQ’s

Q: Is Payday, LLC a direct Payday Lender?

A: Yes! What that means is if we approve your payday online loan it will be issued and serviced by us, not by a third party. For that extra peace of mind, Payday, LLC is licensed in the state of Utah. To see a copy of our certificate click here

Q: What is a Payday Loan?

A: Online Payday Loans are short-term loans designed to help fund your needs until your next payday. They are an easy way for people to meet unexpected expenses quickly and conveniently. Individuals like you often choose Cash Advance Payday Loans to cover small, unexpected expenses. Some typical circumstances that require fast cash may include emergency auto repairs, sudden home repairs, or emergency medical treatment. Many also choose to use a payday loan Utah to avoid costly NSF charges or credit card late fees. Currently, NSF charges are costing over 8,000% APR, and a $25 late fee on a $50 credit card balance costs 18,250% APR. Who wouldn’t consider a Payday Loan?

Q: How much does a Payday Loan cost?

A: Loan fees are determined by the loan amount, and by the length of time the loan is needed. Please refer to our Fee Schedule for detailed information.

Q: What do I need to qualify for a cash advance Utah?

A: You must have an open and active checking account (preferably with direct deposit), be 18 years of age, have at least $1,000 per month of steady verifiable income, a current permanent residence, a state issued picture ID, and have your Social Security number for your first loan.

Q: How much can I borrow?

A: Loan Payday limits are determined individually. Many factors will determine your credit limit, such as gross income, checking account activity and balances, length of time checking account has been active, length of time at employment, length of time in current residence, and dollar amounts already borrowed from other Payday Loan Utah Lenders.

Q: How do I receive the loan proceeds and how to I pay the loan back?

A: The process is automatic and convenient. Once your Payday Loans areapproved, the funds are electronically deposited in your account, via an ACH transaction. Paying the loan back is similar to when you received the funds. An electronic withdrawal will be made from your account on the loan’s due date, via an ACH transaction. If you choose, you may instead pay with a money order or a MoneyGram. This will need to be arranged by our customer service group the business day before the payoff is due.

Q: Do you check my credit?

A: We do not run a credit check with the three major bureaus, TransUnion, Equifax or Experian. However, we do use Factor Trust. Factor Trust is a consumer reporting agency that specializes in the small loan industry.

Q: How long is the term of the Payday advance loan?

A: The loan is until your next payday. When the loan comes due, you may choose to only pay the interest to extend the loan until your next payday, or pay the loan in full.

Q: How many times may I extend my loan, and how much does it cost?

A: In Utah you are permitted to extend your loan up to 10 weeks (70days) from the origination date. Extension fees are determined by the amount and length of the loan. For example: To extend a $100 loan for two weeks, your fee would be $17.50 or
456.25% APR. Remember to be granted an extension, you must pay at least enough to cover the interest earned up to that point. We also recommend that you pay as much extra as you can to reduce your principal balance.

Q: Can I pay off my cash advance online loan early?

A: Yes, you may pay off your payday loan utah early without penalty. Please contact us to let us know that you want to debit your account earlier that the due date. If you pay in advance, you may be entitled to a rebate for unused interest.

Q: Can active military personnel get a cash advance/short-term loan?

A: No, based on Federal Law, most short-term products are not available to members of the military.

Q: Can I rescind a loan?


A: Yes, you may rescind the payday loans and finance charges if you return the loan amount by 5:00PM (MST) the next business day.

Notice: All loans are governed by the laws of the State of Utah. If you do not want to enter into a payday loan agreement subject to the laws of the State of Utah, you should apply for a loan at a provider located in the state where you live. Payday loans are to be used only for short-term financial needs only, not as a long-term financial solution.  PayDay, LLC is only licensed in the State of Utah.

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