First Stop Money Payday Loans & Pay Day Cash Loan Advances

Why Use First Stop Money Payday Loans?

There are times in everyone’s life when you’re short of cash right before pay day. If an emergency expense crops up, or an unexpected bill you didn’t see coming, you may find yourself in need of a short-term loan just to see you through until your next pay cheque arrives.

First Stop Money specialise in offering small, short-term pay day cash advance loans to customers all over Australia who need cash fast. For the vast majority of applican’ts, the money could be deposited into your account on the very same day you submit your application. This means you’ll have money available to spend later today on whatever you need.

First Stop Money is based in Western Australia, and is fully licensed and regulated as a responsible money lender within the governing rules of Australian finance. The people at First Stop Money are fully aware of the vast differences in lending laws between different states, so they’re happy to help customers across Australia to access the money they need to help them get through those tough times.

Borrow up to $1000 NOW!

First Stop Money Payday Loans offers a fast and easy online application. Apply today to get approved.

• Loan Amount: $1000
• Loan Term: 25
• Turnaround Time: Same Day
• Total Cost of Borrowing $100: 33
• Bad credit Ok
• No security needed
• Quick Approval
• Confidential and secure!

Read the First Stop Money Payday Loans terms and conditions

	Description	Loan Amount	Term of Loan	Turnaround Time	Requirements	Total Cost of Borrowing $100
First Stop Money Payday Loans	Do not wait around for your next payday, get cash Now with PayDayFinder	$1000	25	Same Day	You must be over 18, and in full time employment earn over $1000 a month	33

Who Is First Stop Money?

First Stop Money are easily Australia’s leading short-term money lenders. They specialise in helping hard working Australians access the cash they need when they need it most.

First Stop Money only offers short-term pay day loans. This means their entire focus is on ensuring all customers are able to access funds as quickly as possible using their secure, confidential website. They also work hard to make sure that all approved customers get their money as fast as they can to help them out when they really need cash fast.

What Can You Spend Your Pay Day Cash Loan On?

Imagine if your car broke down and you needed to get it fixed today or you wouldn’t be able to get to work tomorrow. Many mechanics won’t extend credit, so the need for fast cash now can be crucial if you hope to get your car back on the road as quickly as possible.

You may have just received a final warning in the mail for a bill you forgot about, and the due date is today. If you don’t pay that bill, you could find your electricity or gas or phone is disconnected, leaving you without services, and potentially facing hefty reconnection fees unless the bill is paid right away.

Whether your cash emergency is bills, overdue payments, a special occasion, or just a general short-fall of funds, it’s possible to borrow a small amount of money to help get you through until your pay arrives in your account.

How Does a Pay Day Loan Work?

A pay day loan is simply a short-term amount of money you borrow until you get paid next. It’s much like a cash advance on your next pay. This can be enormously beneficial for many customers who have temporary cash flow problems and just need a little extra cash to hold them over until pay day.

You simply apply for the amount of money you need, provide a few simple details, and you could receive your approval instantly. Once your cash advance loan is approved, your money should be available to spend on the very same day.

How Much Money Can You Borrow?

The amount of money available for new customers is usually as little as $200, but First Stop Money may allow returning customers to borrow up to $1,000, depending on how much they need and how much they can afford to pay back comfortably.

How Fast Can You Get Your Money?

For most customers, it’s very possible to receive the money from your pay day loan on the same day as you applied. The people at First Stop Money will electronically credit your bank account with the loan amount you were approved for within just minutes of your loan documents being finalised.

Some banks may reflect receipt of that deposit within just minutes, while other banks may take a little longer. In the worst case, you may need to wait until the next working day for your funds to clear, although you can check with your bank or financial institution about whether those funds can be made available to you sooner or not.

How Do You Know If You Qualify for a Pay Day Loan?

First Stop Money has put some very simple assessment criteria in place for people wanting to access fast cash advance loans. In order to qualify for a pay day loan, you will need to provide the following information:

• Proof of age: applican’ts do need to be older than 18 at the time they submit the application
• Employment evidence: you should be able to verify that you’re employed on a full-time basis, or on a permanent part-time basis.
• Residency: You will need to be an Australian resident to qualify for a pay day loan with First Stop Money
• Bank Account: You will need to supply the details of the bank account into which your salary is paid. This is so your cash advance loan can be paid into the same account.
• Earnings Evidence: You must be able to show with your payslips that you earn more than $1,000 per month. This shows the lender that you’re able to afford to repay the amounts you borrow.

As long as you can provide evidence of these things, you should easily qualify for a cash advance short-term loan.

What If You Have Bad Credit?

When you submit your application, First Stop Money will run a credit check on you. However, this is mostly to verify who you are. They won’t discriminate against you if you have bad credit or black marks showing on your credit history.

This means even customers with prior credit defaults listed may still be able to access same-day cash transfers easily to help overcome any shortfalls in cash. Even with a bad credit history, it’s still very possible to receive a cash advance loan to help you with financial troubles until you next get paid.

How Do You Get Your Money?

Once your payday loan has been approved, your money will be transferred electronically into your bank account on the very same day. This means you should be able to access your cash via your normal cash-card or key-card the moment your funds clear.

Some banks are able to clear your electronically deposited funds that same day, while other banks may take a little longer to release funds available for spending.

When your money has cleared, you simply access your funds in the same way you would normally access money from your regular banking transaction account. You may withdraw it as cash via an ATM, spend it using EFTPOS payment, or BPAY your bills in the same way you normally would.

Fast-Track the Approval Process

If you’re an existing customer and you’ve borrowed money from First Stop Money before, you could find that it’s much easier to access the fast cash you need when you want it.

Existing customers are able to fast-track their applications and the approval process, simply because they’ve already shown they’re able to repay the amounts they borrow in good time.

What’s more, existing customers are also able to access higher amounts of money than new customers are eligible to borrow. Those people who may have been limited to borrowing up to $400 in the past may now be able to borrow up to $1,000 simply for being loyal repeat customers.

How Do You Repay Your Payday Loan?

The object of a pay day loan is to extend you the money you need until you receive your next pay. This means you have the opportunity to spend the money you borrowed right now, but you will need to repay it within around 30 days.

You do have the option of paying a little each week until the total amount is repaid, or you can pay it fortnightly, if this matches when your salary arrives.

Your pay day loan will be repaid by direct debit. This means that First Stop Money will deduct the amount of money due on the date agreed upon when the application was approved.

It’s important to make sure that you have sufficient funds remaining in your bank transaction account, or a deduction could possibly make your account overdrawn. This could mean you incur fees and charges from your bank for having insufficient funds to make a payment you agreed on.

Payments to Match Your Budget

If you’ve borrowed $200 from First Stop Money, this can be quite a lot of money coming out of one pay cheque. Yet, you might decide to have a weekly payment deducted from your bank account each week on pay day that includes your fee.

For example, if you pay back $66.50 over 4 weeks, this will add up to the same amount you borrowed, plus the fee owed for borrowing money. Your account will be square after 4 weeks and no further fees will apply.

If you’re paid fortnightly, you’re able to repay your outstanding amount as $133 per fortnight until the amount you owe is repaid. These payments can be debited from your regular banking transaction account on or after the date you normally receive your pay from work.

How Much Does a Pay Day Loan Cost?

There are no administration costs or establishment fees to apply for a pay day loan with First Stop Money. You simply pay a flat fee of $33 per each $100 you borrow.

For example, if you borrow $100, you will repay $133. This means you pay back the amount you borrowed, plus 33%. If you borrow $200, you will repay $266. It really is that easy.

Of course, according to Australian law, lending institutions must display an “annualised annual percentage rate” to show an accurate comparison of how much the actual fee would add up to if it was extended over a full year. However, keep in mind that these figures are woefully over-exaggerated, as the average loan term for most customers with First Stop Money only ever extend for an average of 25 days.

What Happens If You Can’t Make the Payment On Time?

If you find that you simply can’t afford to pay back the amount you borrowed on the date the payment is due, it’s very important that you call the offices at First Stop Money and let them know. One of their representatives will work with you to find a way to extend the time you have available to make your repayment around a time that suits you better.

As long as First Stop Money knows that you’re having difficulty, they’ll do whatever they can to help out. In most cases, they will simply arrange a deferral of your repayment until a date when you’re more likely to have more money available. Fees and charges may apply for missed or overdue payments that may increase the amount of money you need to repay.

It’s in your best interests to work with them and let them know what’s happening with your financial situation, so they can find a workable solution to help you meet your payments. This will help to keep your fees and charges to an absolute minimum, while ensuring that First Stop Money has the opportunity to help you find viable solutions to help you meet your financial obligations.

What Fees Will You Pay If You Miss a Payment?

It is crucial to realise that if you make your payments back on time, the only amount you’ll pay is the flat fee of $33 per $100 you borrow. However, if you do find yourself in a little financial difficulty and you don’t have the funds available in your account when it’s time to make your repayment, you may find other fees become due.

First Stop Loans will contact you in order to arrange a new repayment time. They will try to debit the funds again on a date you agree to, so be sure the funds are available this time.

The fees that may be charged for a missed payment include the following:

As you can see, it’s well worth ensuring you only borrow the amount of money you can realistically afford to pay back when you get paid again. Be sure to consider these extra costs carefully, and choose the amount you really need based on how much you know you can repay without suffering further financial hardship.