What
is a OZ Payday Advance?
A OZ payday advance provides you with an unsecured, short-term
cash advance until your payday. Customers choose payday advances
to
cover small, unexpected expenses while avoiding costly bounced-check
fees and late payment penalties.
What about Qualifying?
Qualifying for a payday advance is easier than qualifying for
traditional credit. OZ Payday Advance does not perform
credit checks. Your job and your paycheck act as your collateral.
You only need to meet the following requirements:
• Currently
have a job (or receive regular income)
• Make at least $1000 per month
• Are 18 years of age or older and a Australian citizen
• Have checking account or savings account with direct deposit
Does the process take long?
Customers typically receive approval within hours of applying.
Since the money is wired directly into your checking or savings
account, you can usually have access to your funds the very
next day
What
if I have bad credit, NSF’s, charge-offs or a bankruptcy?
Not a problem! OZ Payday Advance does not obtain a credit
bureau report to qualify you for a cash advance payday loan.
Do I need direct deposit?
At this time we can only process your loan if your paycheck
is direct deposited; it is the most secure way to offer loans
as quickly as we do.
Is there an application fee?
OZ Payday Advance never charges applicants a fee to qualify
for a payday cash advance loan.
Is my application and financial information secure?
We respect our customer’s privacy needs in
managing their personal finances. Our site uses a variety of
security measures to maintain the safety of your personal information.
How often should I use this service?
OZ Payday Advance is here to help. It is important to remember
that a payday cash advance loan is a short-term answer
to an immediate
cash need. Payday loans are not intended for repeated use
in supporting an on-going budget situation from payday to
payday. Repeated use or reliance on payday loans can create
serious financial difficulties.
How are fees established?
Our fees are competitive and in compliance with all applicable
Australia laws.
Why is there so much information in the Loan Agreement?
The Agreement is a contract that complies with all applicable
state or federal disclosure requirements. It completely outlines
the terms of the payday advance, including the cost of the
service fee both as a dollar amount and as an annual percentage
rate (APR).
How soon do I have to pay back the loan?
Payday cash advance loans are generally repaid back when you
receive your next paycheck. The standard time for loan repayment
is usually no less than seven days and no longer than eighteen
days. Of course you may also pay back your loan at anytime
without any prepayment penalties.
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