FAQ
Q: How does stayhealthyla.org work?
A: Our referral service works by matching consumers to large and reliable US lenders that are able to issue loans online.
Q: What are the most popular types of loans?
A: The most popular types of loans are:
- Payday loans;
- Personal loans;
- Mortgages;
- Home improvement loans;
- Car loans;
- Student loans;
- Business loans.
Q: What is a payday loan?
A: A payday loan is an unsecured short-term loan for a small amount of money where a lender will extend high-interest credit based on your income.
Q: What is a personal loan?
A: A personal loan is an amount of money you can borrow to use for a variety of purposes.
Q: What is a mortgage?
A: A mortgage is a loan used to purchase or maintain a home, land, or other types of real estate.
Q: What is a home improvement loan?
A: A home improvement loan is an unsecured personal loan that can be made without providing any collateral.
Q: What is a car loan?
A: Car loans are secured loans that use the car you’re buying as collateral.
Q: What is a student loan?
A: A student loan is money that you borrow to help for pay school with the expectation that you will pay that money back in the future.
Q: What is a business loan?
A: A business loan is a loan specifically intended for business purposes.
Q: What is an installment loan?
A: An installment loan is a loan you get in a lump sum and repay over time, with interest.
Q: What is an example of an installment loan?
A: Bright examples of installment loans are car loans, home loans, student loans, etc.
Q: How do I apply for a loan?
A: You need to complete a simple application form on stayhealthyla.org. We process it and refer you to the right lender for your individual needs. You are under no obligation to accept the offer if you do not like its terms. If you are satisfied with the rates and terms, accept the offer and e-sign the agreement. Please stay informed that every loan provider from our extensive network has its own rates and terms.
Q: How fast will I receive the money?
A: If approved for a loan, you should expect to have the money in your account within 24 hours (usually within several hours).
Q: How much does it cost to use this loan referral service?
A: Using this online referral service is free of charge.
Q: How much can I borrow?
A: Payday loan amounts usually do not exceed $1,000, however, some lenders are able to offer large amounts. Bear in mind that the loan amount you qualify for may not match the amount you requested. Loan amounts depend on several factors: the lender’s policy, your state of residence, income, credit score and other factors.
Q: Who is eligible for a payday loan?
A: Each lender from our network sets its own eligibility criteria, but typically you must:
- be of legal age in your state;
- have a valid bank account in your name;
- be employed and have a steady income;
- have an email address and phone number;
- not be bankrupt.
Q: What personal information do I have to provide?
A: You will be asked to provide your name, birth date, address, phone number, email, employment status, monthly income, paycheck frequency, SSN, bank account information, etc.
Q: Is my information safe?
A: Of course! Our website is using advanced security technologies to protect your sensitive personal information. Moreover, we never share your personal information with any third party (except for the lender you got matched with).
Q: When is my loan due?
A: Each lender has its own repayment policies. Your individual due date will be specified in your loan agreement. Payday loans are usually due on the day you receive your next paycheck (1-3 weeks).
Q: Do payday lenders check my credit score?
A: Some lenders do check your credit score before making a credit decision. They usually use the three major credit bureaus for this (Experian, Equifax and Transunion). But many companies from our network will work with you without checking your credit score.
Q: Can I extend my loan?
A: In most cases, yes. Your loan can be extended if you have difficulty repaying it on time. Be sure to contact your loan provider a few days before your due date to find out if you qualify for an extension.
Q: What happens if I don’t repay a loan on time?
A: If you don’t pay your loan as per the agreed terms, you’ll owe more money as penalties, fees, and interest charges build up on your account. Your credit scores will also fall.
Q: Is loan approval guaranteed?
A: No. We cannot guarantee that you will be accepted for a loan, but acceptance rates are very high.
Q: How do I know if I am accepted for a loan?
A: Usually, you will know if your loan application is accepted within 2-3 minutes or even faster.
Q: Can I get a loan with bad credit?
A: Yes. Even if you’ve got bad credit, payday loan lenders will still approve your application.
Q: How many payday loans can I have at once?
A: The law allows you to get a second payday loan if you already have one. But that does not mean a lender will give you a second loan.
Q: Do I need to be employed to qualify?
A: If you’re unemployed, payday lenders will still consider you for a loan, as long as you have some form of incom: social security, pension, disability, or other kinds of benefits.
Q: What can I use my payday loan for?
A: You may use your payday loan for whatever purpose, including car repairs, utility bills, medical treatment, debt consolidation, weddings, vacation, business trip, a large purpose, etc.
Q: What is an APR?
A: Annual percentage rate (APR) represents the price you pay to borrow money. The average annual percentage rate for a payday loan in Louisiana is 780 percent.
Q: Why should I use your website?
A: Millions of users have already used our online referral service to find the best payday lender for their unique needs. We offer speedy, simple and secure access to the most trusted US lenders. Using our website, you can submit one single application form instead of waiting in queues or searching for the best lender on your own. We make the entire process effortless.
Q: Do payday loans affect my credit history?
A: Usually, your score won’t be damaged by a payday loan, as long as you repay it in full and on time. Repaying a payday loan on time can even improve your credit score.
Q: What states does stayhealthyla.org operate in?
A: We currently operate in Alabama, Alaska, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, Wyoming.