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Finding the right payday loan isn’t always easy. We’ll guide you through the entire loan process from application to approval and make sure you have a good understanding of each step along the way.
When your payday loan is due, you have two options to repay your loan and complete the payday loan process.
- Let your check or electronic payment deposit to your checking account. Or...
- Visit any Moneytree location to pay cash and pick up your check.
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Payday Loans - FAQ
How does Moneytree determine how much I can borrow?
State laws regulate the amount of money that can be loaned. Within that limit, Moneytree qualifies you to borrow only an amount you can reasonably repay from your next paycheck based on your current income and the information you provide on your loan application. Once your loan limit is determined, you may borrow any amount up to the limit for which you qualify. Your loan limit may change if your income changes or if our ability to contact you changes. To see the loan amount available in your state, please select your state: California Colorado Idaho Nevada Washington
How do I qualify for a loan?
While the requirements vary slightly by state, in general, to qualify for a loan you must have:
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Verifiable source of income (written verification required in Colorado and Nevada)
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Verifiable contact information
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A checking account (California and Colorado only)
To view state-specific loan qualification criteria, please visit your states loan approval page.
What happens if I can't repay Moneytree on my due date?
Occasionally circumstances may arise that change your ability to repay. If this occurs, you may choose to enter into the Community Financial Services Association of America (CFSA) Extended Payment Plan. You may request a payment plan to restructure the payment terms to at least four (4) substantially equal payments. You may choose this option once per 12-month period. There is no charge to enter into the CFSA Extended Payment Plan. You may choose this option prior to the deposit of your current loan. After repaying your payment plan, we may re-evaluate your credit limit to reset it at an amount you can reasonably repay. Additional details about this option are available at any Moneytree branch or by contacting our Customer Service Department at 800.745.1011.
What are your hours?
Moneytree branches are open extended hours – evenings - holidays and weekends – to serve you! Click here to find the hours of the Moneytree branch near you or call 888.604.MONY (6669).
What about fees?
Fees for payday loans, check cashing and all of our other services are available on each branch page. Type your city, state or zip code in the “Find a Branch” field and select a branch for details on fees, step-by-step driving directions, hours and other details. Find the Moneytree branch near you to learn more!
What happens if I cannot repay Moneytree on my due date?
We know that it is your intention to repay your loan on the due date. It is our goal to loan only as much as you can comfortably repay during the loan term. However, the answer to this question depends upon the state in which your loan originated.
For more information, please select your state: California Idaho Colorado Nevada Washington
If you find that you cannot repay your loan, we recommend that you do not take out additional loans in order to repay the original loan. For further information about alternate loan repayment options, please contact the Customer Service Department at 800.745.1011.
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