Money Mart
13 American Pkwy
Allentown, PA
(610) 433-2350
moneymart.com
What They Offer
The participating lenders connected with Money Mart and Loan Mart offer loans up to your state’s legal limit. Eligibility requirements include an income of $1000. or more per month, and a direct deposit bank account. In many cases, borrowers receive their pay day loan funds in two hours after they apply.
This company is a direct lender. They will review your pay day loan application as soon as it is received. You will be contacted by a representative to discuss the details of your loan. As the lender can access all of the information needed to approve your loan online, you will not be asked to FAX anything to the lender.
Where They Are Located
Money Mart is very easy to use online and they offer over 1000 locations across the US and Canada. Everything from your initial application to reviewing your loan contract is completely online so you don’t have to visit them unless it’s more convenient.
Rates and Terms
You can find general information on the website. One example is a 14-day, $100. loan may result in a total cost of $125. to the borrower. This is using a $25. fee at an annual percentage rate of 651.79%. This company states this is an average rate.
Loan repayment is usually on the borrower’s next pay date. As your lender may have a different schedule, be sure you know when your loan is due before you agree to the loan.
You should contact the company if you are able to repay your loan in full before the due date. Part of the loan fee may be refunded to you. In contrast, if you cannot repay it when it is due, you can ask for an extension. Your lender can tell you which extension options are available to you.
Additional Information
Companies that loan money short term offer a convenient alternative to traditional banking but you have to know how they work. The information you can find on the website is about eligibility for their service, what you can reasonably expect from a pay day loan, and an easy application to begin the process. When you know these facts from the start, you will find the pay day loan experience to be more beneficial and positive.
