Question 1

What is a payday loan?

Accepted Answer

A payday loan (or cash advance) is a small-dollar loan, typically $100–$1,000, repaid in a single payment on your next payday — usually within two to four weeks. It's designed for urgent, one-off expenses, not long-term borrowing.

Question 2

How much does a payday loan cost?

Accepted Answer

Fees typically run $10–$30 per $100 borrowed, which annualizes to roughly 400%–660% APR on a two-week term. State caps control the exact number — every state page on this site shows the local maximum fee and a worked cost example from published state rules.

Question 3

Can I apply with bad credit or no credit?

Accepted Answer

Yes, you can request — approval is another matter. Lenders in the network evaluate income regularity and use soft checks at the request stage, so a low credit score doesn't automatically disqualify you. Each lender sets its own criteria and no approval is guaranteed.

Question 4

How fast do I get the money?

Accepted Answer

Decisions usually arrive within minutes of submitting the form. After you accept an offer, direct-deposit funding typically lands the next business day; approvals early on a banking day are sometimes funded the same day, depending on the lender and your bank.

Question 5

Which states do you serve?

Accepted Answer

We cover the states where short-term lending is legal or state-regulated — 38 jurisdictions in total. Each state page lists the current cap, fee structure, statute, and regulator. Residents of states where payday lending is prohibited see alternative options instead.

Question 6

Is this site a lender?

Accepted Answer

No. CR Payday Advance is a referral service that connects applicants with independent participating lenders. We never charge applicants a fee, we don't make credit decisions, and the lender you connect with sets all rates, terms, and approvals.

FAQ — Payday Loans, Costs, Speed, Eligibility

Frequently Asked Questions