What is ACFA?
ACFA loans is a US-based credit connecting company. We help people overcome financial difficulties by linking them with credible lenders who will fund their loans. We believe in responsible lending and we are committed to transparent and excellent customer service. We are proud of providing simple, easy and straightforward access to online loans.
What are the requirements for a loan?
To request for a loan with us, there are four main criteria which you must comply before your loan request is evaluated.
- You must be at least 18 years old
- have a valid national identity card
- a checking account
- be employed
- you must not be active military personnel.
How much money am I allowed to borrow?
If this is the first time you are borrowing money from ACFA, your repayment history, employment and repayment methods will determine the amount that you will qualify for. It is important to understand that the loan cap varies from one lender to another. Moreover, you should understand payday lending rules and regulations in your state. Your loan request is subject to a soft credit check. We recommend that you do not make these loans a permanent financial solution. Strive to look for a long-term financial solution instead.
How long will it take for the money to be reflected in my account?
The time taken for the money to be deposited into your checking account will be as soon as your lender approves your loan request. Once your lender approves your loan request, the money will be deposited into your checking account.
What is the cost of the loan?
The cost of a loan varies from one lender to another. You should look for a lender who will give you interest rates that you are comfortable with which will enable you to repay the loan on time. Be sure to check with your lender on the amounts and the terms and conditions of the loans before making the request.
How long does it take for the loan request to be approved?
The time taken will vary with different lenders. It also depends on the validity of the information provided by the borrower. Once you have filled out the loan request form, we will connect you to a lender who will then evaluate your information and give you feedback as soon as they can.
How do I repay the loan?
Loan repayment process begins once your next pay check is due. You can allow your lender to deduct the loan amount from your checking account. Alternatively, you can make an ACH electronic transfer to your lender to repay the loan.
Do I need collateral?
The answer is NO. There is no need for collateral in payday loans.
How Will I Know If I Am Approved For The Loan?
Once you have completed our loan request form, we will forward your information to lenders in our network who will evaluate the loan request. Once they check the details and information you have given and you are eligible for a loan, your lender will deposit the loan money to your checking account.
Can I Get A Loan With Poor Credit?
Our lenders do not require you to have stellar credit history. Your credit score is not put into consideration when processing the loan. We are here to help people with less than stellar credit scores to get access to finances that they would probably not qualify for in conventional lending systems.