Frequently Asked Questions
iwageday.com is not a lender, and we do not make loan or credit decisions. We are a loan referral service, working with our network to connect consumers with independent third-party lenders. There is no cost for using our service.
iwageday.com is a loan referring service which attempts to connect you with a lender. This service is FREE for you to use. iwageday.com, may receive a commission from the lender for potential customer referrals, but WE will NEVER charge you a fee!
A personal loan is a fixed term, no collateral loan that can be used for a variety of purposes such as home improvements, vehicle repairs, to consolidate debt or pay off high interest credit cards. The loan terms vary but they are generally longer than an installment or payday loan. As with any loan, a personal loan should always be used responsibly.
Personal loans are usually between $1,000 and $40,000. When you make an inquiry for a loan, if a loan offer is made, it may not match the amount that you requested. This may be because of the individual lender, or other factors such as employment or income.
There are no fees to submit a loan request at iwageday.com. iwageday.com may receive a commission from the lender for potential customer referrals, but WE will NEVER charge you a fee! Each lender will have their own APR, terms and fees (these come directly from the lender, not from iwageday.com) and if a loan offer is made, these will be provided to you. Please ensure that you read all documents relating to the terms of the loan – you are under no obligation to accept.
The FEES and APR INTEREST RATES you will be charged are provided to you in a written document by the lender after you submit a loan request but before you are requested to digitally sign a loan agreement.
Within a few minutes of submitting your loan request, if approved you will be connected with a third party independent lender. 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. It is not guaranteed that you will receive a loan offer or be approved by a lender.
- You must be 18 years of age or older
- You must have a regular minimum monthly income of $1,000
- You must have a checking or savings account with direct deposit
- You must have a fair credit rating
- You must not be a regular or reserve member of the Military including the Air Force, Army, Coast Guard, Marine Corps or Navy (or a dependent of), serving on active duty under a call or order that does not specify a period of 30 days or less.
Individual lenders may have different minimum requirements in addition to the above.