Frequently Asked Questions
WHAT DOES WELENDTOYOU DO?
WeLendtoYou is a loan introduction service which attempts to introduce your application details with a lender willing to lend to you. This service is FREE to the customer requesting funds. WeLend2U may receive a commission from the lender for introducing the customer to the lender.
WHAT IS THE MINIMUM REQUIREMENT FOR A LOAN?
- U.S. Citizen
- At least 18 years old
- A bank account with direct deposit
- A regular source of income
CAN I REQUEST FUNDS OVER THE PHONE OR IN PERSON?
We're so sorry we can’t take calls. We don’t operate a call center because they are very expensive to staff and we want this service to be FREE of charge to you. We have made the form very simple to use and what's more is it's very discreet so please do go ahead and request funds with complete confidence that we will look after your information and our mission is to introduce you to a loan offer quickly and efficiently.
I HAVE TERRIBLE CREDIT CAN I STILL REQUEST FUNDS?
Yes, we have many lenders in our panel that work with customers who have less than perfect credit or no credit at all. What's more, by accepting a loan offer you may improve your credit score when you make your repayments on time. Many of our lenders report to the main credit reference agencies who will report your on time payments. Be aware though that they will also report bad repayment payments so please don’t request funds if you can not afford to repay your loan.
WHAT IS A CASH ADVANCE LOAN?
A cash advance loan is a type of short-term borrowing where a lender will extend high interest credit based on a borrower’s income and credit profile. A cash advance loan’s principal is typically a portion of a borrower’s next paycheck. These loans charge high interest rates for short-term immediate credit.
HOW MUCH CAN I BORROW?
This amount depends on the lender who issues the loan but typically amounts range from $100 to $1,000.
WHAT ARE THE FEES FOR YOUR SERVICE?
There are no fees to request funds at WeLendtoYou. Simply complete some information about yourself using the online application and get an answer within 3 minutes.
The only cost you are responsible for comes after you review and agree to a lender’s terms, by signing a loan contract. Fees associated with the loan will vary depending on your state, the lender, and the amount of your loan.
WHAT IS THE APR?
The Annual Percentage Rate (APR) is the cost of credit expressed as an annual rate.
HOW WILL I KNOW IF I’M APPROVED?
Within a few minutes, you will receive a notification from a WeLendtoYou approved lender letting you know if you’re approved! If you are presented with a loan offer, you will have the option to review the terms of the loan, which you may approve or declined. Remember, this is a FREE loan quoting service, there is no obligation until after you have agreed to receive a loan from one of our panel of lenders.
HOW WILL I RECEIVE THE FUNDS?
After a lender approves your loan, the funds will be transferred into your bank account.
HOW AND WHEN DO I REPAY MY LOAN?
That depends upon the lender you choose. Generally, you and the approved lender will have an agreed amount deducted directly from your account on a date and time specified in your loan agreement.
WHAT IF I’M LATE ON A PAYMENT?
Lenders in the WeLendtoYou network follow different policies regarding late payments. Most lenders apply a late fee for missing the loan payment deadline or asking to skip a payment. You should review and understand the late payment policy specified in the lender’s loan documents before accepting the loan terms and signing the loan agreement.
HOW DO YOU PROTECT MY INFORMATION?