Liberty Loan USA Logo
Wildcard SSL Certificates

Frequently Asked Questions

What is a Payday Loan?

A payday loan is a small unsecured loan, typically for between $100 and $1,000, given to qualified borrowers for a short time period to help address financial needs up to their next payday. Payday loans are also known as cash advances, short term loans, payday advances, bad credit loans or deferred deposits. In each case, they are designed to help you relieve your financial burden.

What are the requirements to qualify for a payday loan?

Qualifying for a payday loan is simple. The basic requirements are:

To be approved for a payday loan, you must meet the basic requirements above. The specific lender you are matched with may have additional eligibility requirements based on its own approval criteria. Factors such as income, direct deposit of your pay, past payday loan history and state of residence may affect the approval of your loan or the the amount that you are approved for.

How long does it take to receive the payday loan? 

Once your completed application is submitted, Liberty Loan attempts to match you with its nationwide network of online lenders, which typically takes less than 2 minutes. After a match with a lender has been made, you are presented with their loan agreement outlining their terms and borrowing rate. The borrower (you) must read and accept these terms and conditions. After you electronically accept and sign for your loan, the funds are direct deposited into your bank account as early as the next banking day.

How will I know if my application was approved?

Once your application is matched and approved by one of our lenders, you will be notified in real-time on LibertyLoanusa.com, and then directed to your lender's Loan Agreement page, where you must read and accept their Terms and Borrowing Rate. You will also receive an email confirmation from your lender, along with a link to their loan agreement page.

How much will a loan cost?

The cost of borrowing varies and is based on a borrower's personal eligibility for a loan. Upon approval, you are presented with the lender's loan amount, rate and repayment terms. Remember, no loan is issued unless the borrower accepts these terms.

Can I get approved for a payday loan if I have bad credit or have declared bankruptcy?

Regardless of your credit history, if you satisfy the basic requirements then you are eligible to be approved for a payday loan. Liberty Loan welcomes customers with poor credit history, including bankruptcy.

How long do I have to pay back the loan?

Your loan is typically due on your next pay date. However, some lenders will allow for extended repayment options for a fee. Please contact your lender directly if you have repayment questions. 

What happens if I am late with a payment?

Liberty Loan is not a direct lender. The lender you are matched with has its own policies regarding late payments. These can be reviewed within the lender's terms and conditions before accepting a loan. If you are unable to make a payment on time, please contact your lender directly to discuss an alternative payment schedule.

Is it safe to apply on this site?

Yes. Liberty Loan utilizes industry-standard security protocol and enhanced 256-bit data encryption technology to ensure that your information is 100% safe and secure on this site at all times.

Is it possible to apply over the telephone?

Although we recommend that you complete the online application for the quickest and most favorable results, you can also call (855) 426-3223 during business hours to apply by telephone.

Apply Now! Up To $1000