Note: To minimize the total cost of your loan, we strongly recommend taking steps to either pay off your loan in-full or to pay as much as possible in order to reduce the principal (original debt incurred) as quickly as possible. Remember – there are no prepayment penalties.

Due Date Options

Your first payment is due on your following pay date. If that day happens to fall on a weekend or holiday, the payment will be due on either the business day immediately prior to or the business date immediately following; this will be specified in your loan agreement.

If you need to change your payment schedule for any reason, you must notify CashNow Lenders at least two (2) business days prior to the next payment date you are scheduled to make.

You will be sent reminders via email outlining your due date options prior to the due date.

Funding Timeframes

Applications processed and approved before 5:00 PM (PST) on Monday through Friday are typically funded on the next business day. Applications received after 5:00 PM (PST) may take two (2) business days to fund. In either case, your bank may add additional time for funds to clear and be made available to your bank account. Check with your bank for its transfer timeframes.

Please always remember to verify additional incoming wire service fees that may be assessed by your bank. Please check with your bank to verify that your account is eligible to receive wire transfers and when your bank will make the funds available to you.

Late / NSF Fees

If a scheduled payment is not made on the date that it is due, you will be subject to additional fees. If the payment is being withdrawn directly from your bank account and there is not sufficient money in your account to cover the amount due or the payment is dishonored by your financial institution for any reason, an NSF (non-sufficient funds) fee of $25 will be assessed. If any payment is late by more than 4 days after the due date, you will be responsible for an additional $25 late fee.

Collection and Use of Bank Account Information

If we extend credit to a consumer, we will consider the bank account information provided by the consumer as eligible for us to process payments against. In addition, as part of our information collection process, we may detect additional bank accounts under the ownership of the consumer. We will consider these additional accounts to be a part of the application process for underwriting and verification purposes only. We always obtain prior separate customer authorization when trying to obtain additional customer bank account information as a potential payment option.