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Deferred Deposit FAQ's
- What is a deferred deposit, or post dated check advance?
- How does it work?
- What do I need?
- Does a poor credit history disqualify me?
- What if I filed bankruptcy?
- Is collateral required?
- How long does it take to get the PAYDAY LOAN?
- What should you do if you believe your check might not clear the bank?
- Is this transaction confidential?
- Can I request multiple PAYDAY LOANs?
- What are the benefits if I repay the PAYDAY LOAN on time?
- What happens if I don't follow through and repay my PAYDAY LOAN?
- Who is EZCashCafe, Inc.?
- What is a Demand Draft?
- What is an ACH?
1. What is a deferred deposit, or post dated check advance?
- A short-term money advance provided until your next payday or benefit payment.
2. How does it work?
- Once approved, we will fax you a disclosure and authorization
form that will allow us to disburse the money to you and
electronically debit your bank account for the amount financed
as well as the finance charge.
3. What do I need?
- If you are employed or have some form of guaranteed income,
SSI, SSDI, etc., you can apply. We will confirm the information
you give us as well as perform credit verification. When you
meet at least the minimum criteria, you are approved!
4. Does a poor credit history disqualify me?
- Not necessarily, EZCashCafe, Inc. is in business to assist
customers. Many of our current customers have credit
difficulties from time to time.
5. What if I filed bankruptcy?
- You may still qualify, if the bankruptcy is discharged, subject
to our normal employment and residency requirements.
6. Is collateral required?
- No. You simply authorize a Demand Draft and/or ACH from your
checking account.
7. How long does it take to get the PAYDAY LOAN?
- The approval process usually takes 20-90 minutes. Delivery of
funds into your checking account or to your home can usually be
arranged either on the same day or the next banking day.
8. What should you do if you believe your check might not clear the bank?
- Call us immediately. A "bounced check" could cost you
substantial "NSF" fees by your bank and can also damage your
credit rating. While your obligation to repay is not waived, we
will attempt to assist you.
9. Is this transaction confidential?
- Yes. This internet application is secured by "SSL" encrypted
technology. In addition, all of your records are held in
confidence at our electronic commerce center.
10. Can I request multiple PAYDAY LOANs?
- No. Only one (1) PAYDAY LOAN can be outstanding at any given
time. However, by calling toll free (877) 729-3295, a customer
service representative may be able to assist you with a larger
loan.
11. What are the benefits if I repay the PAYDAY LOAN on time?
- Customers with a good repayment record receive our VIP services
which include expedited servicing and discounted rates.
12. What happens if I don't follow through and repay my PAYDAY LOAN?
- EZCashCafe, Inc. would not stay in business if it's
customers did not honor their agreements. EZCashCafe reserves the
right to collect debts by all legal means including negative
credit reporting, phone collection, legal action in the
appropriate court and the assessment of fees.
13. Who is EZCashCafe, Inc.?
- EZCashCafe, Inc. is authorized to do business in
California and holds a deferred deposit license in California.
14. What is a Demand Draft?
- A Demand Draft is a check created in lieu of your personal
check per your authorization.
15. What is an ACH?
- An ACH (Automatic Clearing House), is the electronic system
setup by banks to transfer funds between themselves.
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