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Private Loan Shop | Payday Loan F.A.Q
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Frequently Asked Questions

What is a Payday Loan?

A payday loan is a short-term loan which is typically re-paid within a 7-30 day time period. The purpose of a payday loan is provide you with quick and easy access to your pay check before its regularly scheduled pay date. Anyone over 18 years of age who holds employment and a valid bank account can qualify for an online payday loan.

How Does it Work?

An online payday loan is easy to obtain. Simply complete the 3 minute online form and click submit. Your decision will be automatically generated and you may receive your funds in as little as one hour. All you’ll need is your bank account details, employment and personal information to complete the online loan application.

Is Bad Credit Accepted?

Payday loans differ from bank loans in that loan approval doesn’t depend solely on your credit rating. Payday lenders approve loans based on a persons ability to repay rather than on their past financial history. That means, you can get an online payday loan with poor or no credit as long as you have a steady source of income.

What is Required?

To get an online payday advance you need to be over 18 years of age, employed and earning at least $1,000 per month. You’ll also need a valid bank account.

When Will I Get My Loan?

Online payday loans are delivered between usually within one hour but it can take as long as twenty-four hours depending on your application.

How Do I Get My Cash?

Your payday loan will be issued via Interac Email Money Transfer or direct deposit to your bank account.

Are There Late Fees?

If you’re going to be late repaying your loan make sure to contact a representative in advance to avoid unnecessary fees. A late payment incurs late fees.

How Much Can I Borrow?

You can borrow up to $2,000 depending on your weekly or bi-weekly income.

Are We Open 24/7?

We’re open 24 hours a day, 7 days a week for your payday loan needs. We’re even open on holidays.

Credit Card FAQ

What Is a Virtual Visa Card?

A Virtual Visa is a credit card that is issued electronically. The card image is sent to a verified email address and is ready to make purchases online or via telephone. The card is pre-loaded with an amount between $50 – $500 and can be used until the balance is completely depleted or until the Visa card expires (valid for 2 years). A Virtual Visa works like a regular credit card but is more secure for purchases made online or by telephone.

Who Qualifies For a Card?

Everyone, regardless of where you live, is approved for a Virtual Visa. There are no credit checks required and the application form takes 2 minutes to complete.

When Will I Get The Card?

Virtual Visa’s are usually issued within 1 hour.

Refund Policy

If you buy an item with your card and need to get a refund for your purchase you won’t have any problems processing that return. However, once a Virtual Visa is purchased there are no refunds, however, if your card doesn’t work we will replace it free of charge.

How Much Can I Load?

You can load between $50-$500 on a Virtual Visa.

Why Use Virtual Visas?

Virtual Visa cards can be used for any expense but there are some common reasons that cause people to depend on them.

1. A Virtual Visa conceals the buyers identity which protects against theft and fraud. These days, internet hackers are infiltrating some of the most popular online retailers which is a cause for serious concern. A Virtual Visa provides the protection you need to make safe and secure purchases online or by telephone.

2. Another reason people choose Virtual Visa’s is because they’re convenient. If you spot a deal online for something you really need and you’re waiting for the bill payment you made on your credit card to clear you could miss out on that deal. Sometimes a bill payment to a bank issued credit card can take a few days to clear so you may need to get a Virtual Visa to make the purchase instantly.

3. Many people use Virtual Visa cards because they don’t own a credit card. Virtual credit cards don’t require a credit check so they are very easy to obtain.

4. You may want to keep your purchases private. You may want to buy a gift for your spouse and don’t want to spoil the surprise by using your joint credit card.

5. Virtual Visa cards great for emergencies. They’re typically issued in just under an hour.

6. Virtual Visa cards also make great gifts. Wouldn’t you love it if someone sent you a Virtual Visa loaded with $100?

Reloadable Credit Cards

What is a Reloadable Visa?

A Re-loadable Visa is a pre-paid credit card that that can be loaded with funds multiple times for use online, by telephone and in-store.

What If I Have Bad Credit?

A re-loadable credit card does not require a credit check for approval. Virtually everyone qualifies for a Re-loadable Visa.

What Are The Requirements?

Everyone is approved for a Re-loadable Visa. There are no credit checks required and the application form takes 2 minutes to complete.

When Will I Get My Card?

Re-loadable credit cards are mailed within 2- 10 business days.

What's the Refund Policy?

Re-loadable Visa’s are non-refundable. However, purchases made with your Re-loadable Visa are fully refundable.

How Much Can I Load?

You can load between $5-$10,000 on a Re-loadable Visa.

Secured Credit Cards

What is a Secured Card?

Re-loadable credit cards are mailed within 2- 10 business days.

Can I Be Approved With Bad Credit?

Yes. No matter how bad you may think your credit is, you won’t be denied. Secured Visas were developed for people with bad credit. It’s a second chance credit card for those looking to repair their credit score.

What is the Credit Limit?

You can load between $5-$10,00The credit limit on the Secured Visa is the total amount of money that you sent for your deposit. If you sent a $500 deposit than your credit limit is $500. Visa may increase your limit without requesting additional funds within 6 months.0 on a Re-loadable Visa.

When Will My Card Arrive?

A Secured Visa usually takes 2-5 business days to arrive once the security deposit has been received.

What Are The Requirements?

Everyone is approved for a Secured Visa. All credit types are and the application form takes just 2 minutes to complete. You will need your Social Security Number when applying.

Can I Rent a Car With a Secured Visa?

Yes, you can use a Secured Visa for renting cars, hotels etc.