AAA Payday Cash is an online payday loan lender based out of Utah. A loan application can be completed within 2 minutes, and the money is deposited in the customer’s bank account within 24 hours. Priding themselves on providing quick and easy service, AAA Payday Cash makes taking out subsequent loans even easier by providing every customer with an account that they can easily access online. In order to apply, prospective customers only need a bank account, proof of being employed for at least 90 days, and an income of over $1,000 a month.
AAA Payday Cash charges $25 in interest per $100 lent. They offer loans of up to $1,000 and 31 days.
AAA Payday Cash conducts their business through direct deposit. The loan is deposited right into the customer’s bank account, and on the agreed upon due date, the loan amount plus interest is withdrawn from the account in order to pay off the loan. AAA Payday Cash uses the Federal Reserve Wire System, and is required to adheer to NACHA regulations that prohibit them from taking more than the amount set by the customer out of their bank account.
If a customer is unable to repay their loan by the deadline, they can apply for an extension if they notify the company at least 2 business days in advance. The extension works as a series of smaller payments, instead of a lump sum being due at the end. AAA Payday Cash can extend a customer’s loan up to 4 times. Customers have 24 hours after signing their loan to cancel the agreement without penalty.
AAA Payday Cash has been well-reviewed, receiving an score of 4 out of 5 for their customer service, a 4 out of 5 for the cost of their loans, and a 5 out of 5 for the speed of their service. 76% of customers said they would use AAA again.
The easiest way to apply for a loan is through www.aaapaydaycash.com. You can also reach their customer service representatives at (866) 606-LOAN.