DISCLOSURE
(MASTER AGREEMENT)

The purpose of the Payday Advances Agreement is to make you, our customer, fully aware and informed of all terms and conditions of our policies, as well as all federal and State of Idaho regulations as required by law.

We value the opportunity to serve your needs and want you to be completely satisfied and comfortable in all transactions with Payday Advances.

FEDERAL DISCLOSURE REQUIREMENTS

Regulation B in Federal Law prohibits the consideration of Age, Sex, Race, Ethnicity, Gender, National Origin, or Handicap as a basis for making anyone a loan (as in our Cash Advance Program). Payday Advances, through its web site does not discriminate based on any of these factors. In addition Payday Advances will not enter into or maintain vendor/reciprocal information service type relationships with anyone who does not conform to these anti-discriminatory practices.

Regulation Z in Federal Law requires the full disclosure of all costs and terms associated with any credit purchase or transaction (such as this cash advance) and further requires that the costs associated with the transaction be expressed as an annual percentage rate of interest or A.P.R. Below all costs, terms and rates associated with the Payday Advances cash advance program are given.

Federal Truth in Lending Act (T.I.L.A.)

Payday Advances Terms and Conditions

Cash Advance Amount (Amount Financed)	Cash Advance Fee (Finance Charge)	Total of Advance Transactions (Total of Payments)	Term of Cash Advance	Annual Percentage Rate (A.P.R.)
1	2	3	4	5
$100.00	$25.00	$125.00	Due on your nearest payday (maximum of 15 days)	See Chart
$200.00	$50.00	$250.00	Due on your nearest payday (maximum of 15 days)	See Chart
$300.00	$75.00	$375.00	Due on your nearest payday (maximum of 15 days)	See Chart
$400.00	$100.00	$500.00	Due on your nearest payday (maximum of 15 days)	See Chart
$500.00	$125.00	$625.00	Due on your nearest payday (maximum of 15 days)	See Chart
$600.00	$150.00	$750.00	Due on your nearest payday (maximum of 15 days)	See Chart
$700.00	$175.00	$875.00	Due on your nearest payday (maximum of 15 days)	See Chart
$800.00	$200.00	$1000.00	Due on your nearest payday (maximum of 15 days)	See Chart
$900.00	$225.00	$1125.00	Due on your nearest payday (maximum of 15 days)	See Chart
$1000.00	$250.00	$1250.00	Due on your nearest payday (maximum of 15 days)	See Chart

1) Cash Advance Amount - This is the Amount Financed - The amount of cash advanced provided to you.
2) Cash Advance Fee - This is the Finance Charge – The dollar amount the cash advance will cost you. 
3) Total of Advance Transaction – The total amount you will have to repay, the loan amount plus the fee.
4) Term – This is when the cash advance total payment is due.
5) Annual Percentage Rate -The cost of your advance as a yearly rate.

Extension of Payment Requirements

Payday Advances will allow you to extend the original cash advance under the following terms. An additional amount equal to the extension fee will be automatically debited and applied toward the balance with each extension request until the balance is paid in full. Four (4) extensions are allowed. Click here to read our complete Loan Extension Policy.

All extension of payment requests, must be submitted online and must be received BY 11 AM (EST) the business day prior to your original due date to be processed. We cannot accept extension requests by email.

Electronic Funds Transfer (EFT) Agreement and Disclosure

This authorization is for those single or multiple entries necessary to complete the original entries' authorization amount and may be resubmitted if the original entry is returned by the customer’s financial institution. In the event the EFT is returned unpaid, an additional $25.00 Return Fee or maximum legal amount may be electronically withdrawn. 

It is the policy of Payday Advances to expedite all debits and credits as soon as possible upon approval; however, unavoidable delays can result with the processing company as a result of inadvertent processing errors, “acts of God”, etc. Normal processing time should not exceed two (2) business days under most circumstances but may exceed that in extraordinary circumstances.

Pre-Authorized Electronic Funds Transfer Payments

With this EFT Agreement, which is part of the Master Cash Advance Agreement, the customer authorizes Payday Advances, to initiate debit/credit entries to the customer's account for all payments due, including any returned unpaid item fees due, on which the subject of this agreement is drawn and the Financial Institution in which the account is held to debit/credit the same to such account. This authority is to remain in full force and effect until Payday Advances and the subject Financial Institution have received written notification from the customer of its termination in such time and in such manner as to afford Payday Advances and the Financial Institution a reasonable opportunity to act on it. You understand and agree that you may revoke this ACH/EFT authorization only after all payments are completed and Payday Advances is paid in full.

Further, by submitting the application form, the customer authorizes Payday Advances and the customer’s current verified financial institution (even if the financial institution and/or account numbers are different than those on the original application) to initiate debit (ACH or bank draft) and credit entries as necessary when an original ACH/ EFT transaction is returned unpaid or unable to complete. The customer authorizes Payday Advances and/or assigned collection company to submit ACH/ EFT and/or bank draft debits for partial payments of cash advances and fees (such partial payments shall be credited first to fees payable, then to cash advance principal payable); as necessary to allow full repayment of the cash advance and any/all associated fees to be completed. The customer authorizes Payday Advances (and its EFT Processor) to make electronic funds transfers (EFT), both debit and credit entries, to and from any bank account of the customers at any institution, from time to time, for fixed and variable amounts, including recurring transactions and point-of-sale transactions, according to the terms of the customer’s agreement with Payday Advances. The customer understands and agrees that Payday Advances does not need to notify the customer prior to any recurring debit entry for a fixed amount, or prior to any point-of-sale debit entry initiated by the customer, or prior to any credit item.

YOUR PROMISE TO PAY

You promise to pay us the Amount Financed, the Finance Charge and other permitted charges according to the Federal Truth-In-Lending Disclosures. You acknowledge and agree that you are indebted to us in the amount of the Total of Payments, and that the amounts set forth in the Federal Truth-In-Lending Disclosures are not in dispute.

You have made promise to pay us or to our order, (per your electronic signature on original advance application of Master Agreement) in one payment on the date indicated in the payment schedule, or if extended payment request was submitted and processed, the total of payments on or after the next date your cash advance comes due. You authorize us to effect this payment by one or more ACH/EFT debits and or demand bank draft debit entries to your account of your financial institution (bank or credit union) until this cash advance comes due. You authorize us to effect this payment by one or more ACH/EFT debits and or demand bank draft debit entries to your account of your (bank or credit union) financial institution until this cash advance note is paid in full. You have confirmed that you are not in bankruptcy proceedings, nor do you contemplate or plan on filing bankruptcy in the future.

You promise to keep open and maintain an adequate balance in your account to assure all payments are made to us in a timely manner on the scheduled due date(s), until this cash advance note is paid in full. I agree and confirm this online cash advance transaction is due in full on my next nearest pay date, unless an extension of payment request is submitted and accepted by Payday Advances LLC. An extension of payment fee will be debited on the original due date, and then the original advance amount plus original fee will become due in full on my next scheduled pay date. You agree that by submitting completed/ signed WireToMe.com internet request forms as a matter of convenience, hereby constitutes the same legal and binding document as providing Payday Advances LLC with your personal post dated check, in the amount of the cash advance plus associated fees, for the scheduled and authorized repayment of the cash advance amount that, upon approval, will be credited by ACH/EFT to your financial institution account.

If Payday Advances is unable to collect payment from your provided account for any reason to effect debit entries as agreed, you promise to pay us all sums you owe immediately, by making payment in full by using Western Union Quick Collect process. If in default, you authorize Payday Advances and/or their designated collection agency to continue initiating ACH / EFT or bank draft debit entries of your financial institution account for full and/or partial payments of cash advance and associated costs as necessary until all total amounts owed are paid in full.

I agree, to the extent permitted by law that I will not bring, join, or participate in any class action or multi-plaintiff action as to any claim, dispute, or controversy I may have against Payday Advances LLC. I agree to the entry of injunctive relief to stop such a lawsuit or to remove myself as a participant in the suit. This agreement does not constitute a waiver of any of my rights and remedies to pursue a claim individually.

Arbitration: Both parties agree that any claim, dispute, or controversy between us, any claim by either party against the other or the agents, services, or assigns of the other, including the validity of this agreement to arbitrate disputes as well as claims alleging fraud or misrepresentation shall be resolved by binding arbitration by and under the Code of Procedures of the National Arbitration Forum (NAF) at the time the claim is filed. Rules and form of the NAF may be obtained and all claims shall be filed at any NAF office on the World Wide Web at www.arbforum.com or at P.O. Box 50131, Minneapolis, MN 55405. Any arbitration hearing, if one is held, will take place at a location near your residence. Your arbitration fees will be waived by the NAF in the event you cannot afford to pay them. This arbitration agreement is made pursuant to a transaction involving interstate commerce and shall be governed by the Federal Arbitration Act 9. USC Section 1-18. Judgment upon the award may be entered by any party in court having jurisdiction. Notice: Both parties have had the right or opportunity to litigate disputes through a court but we have agreed instead to resolve disputes through binding arbitration.

RETURN OF PAYMENT POLICY

If the customer's pre-authorized payment is returned to Payday Advances as uncollected due to NSF (non-sufficient/uncollected funds), the customer agrees to have payment automatically rescheduled for a repayment date (generally the following pay date) to include fees associated with the return, fees associated with the continued use of advanced amount for the additional period of time over the maximum allowed of 15 days, and the original advance plus fee, that will be presented to customers account with up to five (5) separate ACH/EFT transactions to obtain payment in full. Payday Advances LLC will reschedule payments by ACH/EFT with subsequent additional fees incurred each time for the continued use of the original advance balance amount, together with previous returned payment fees a maximum of two (2) additional times in attempt to have all payments completed and have Payday Advances paid in full. If Payday Advances LLC is still unsuccessful in obtaining payment, and customer in default has not made payment of balance owed by Western Union Quick Collect process, the account in default will be transferred to our designated Law Collection firm and litigation/collection procedures will begin. Payday Advances LLC may also file a claim for a civil judgment award against the customer with the National Arbitration Forum for all monies, fees, and costs associated with obtaining payment in full. Upon award of judgment against customer in default which is final and binding, the judgment award will be filed in the civil court in the jurisdiction of the defaulted customer's county of residence. The customer in default will be responsible for all additional costs associated with obtaining payment in full (National Arbitration Forum fees, collection fees, court and attorney fees, etc.)

If the customer's pre-authorized payment is returned to Payday Advances as uncollected due to any other reason, and customer has not contacted our office immediately upon notice, to obtain Western Union payment instructions, and subsequent payment in full is not obtained by Western Union Quick Collect process, the customer's account will AUTOMATICALLY be forwarded to our collection Law Firm and collection procedures will begin immediately. The customer’s defaulted account may also be transferred to the National Arbitration Forum where a claim for civil judgment will be filed against the customer in default. Upon award of claim, which is final and binding, the award of judgment will then be filed in the county court of your residence for payment in full. The customer in default, is responsible for all additional costs associated with obtaining payment in full (National Arbitration Forum fees, collection fees, court and attorney fees). In addition, the customer in default will be reported to TeleTrack, TeleCheck, and SCAN.

As per the customer's signed agreement, all disputes of payment may also be forwarded to The National Arbitration Forum and a claim for judgment will be filed against the customer in default. Upon award of claim, which is final and binding, the customer in default will be responsible for all additional costs associated with obtaining payment in full (National Arbitration Forum fees, collection fees, court and attorney fees). In addition, the customer in default will be reported to any or all of the following: TeleTrack, TeleCheck, Scan, TransUnion, Experian, and/or Equifax.

ADDITIONAL TERMS AND CONDITIONS OF THIS AGREEMENT

Prepayment: You may prepay your obligation under this Agreement in full at any time without penalty.

Method of Payment: Your electronic authorization in the amount of the Total of Payments stated in the Federal Truth-In-Lending Disclosures and dated as of the date indicated in the Payment Schedule stated in the Federal Truth-in-lending Disclosures (the "Payment Date") will be held by us until the Payment Date as security for this advance. You agree that we may debit your account for the Payment if you have not paid us in cash or by cashier's check, money order, or other immediately available funds the amount of Total Payments before noon (EST) on the Payment Date. If payment is made prior to the EFT/ACH payment date, we will cancel the electronic authorization at the time we receive payment.

Returned Payments: In the event your electronic payment of any amount due under this agreement, and upon presentment to the named Drawee, is returned due to insufficient funds or credit, stopped payment, or closed account, or any other reason, we shall assess a $25 returned fee.

Documentation: I agree that electronic mail, electronic forms, records, photocopies, and /or facsimile copies of the documents I submit are valid and enforceable as the original. I agree that by typing my name as my electronic signature, it is acknowledged and understood that it constitutes an acceptance of all terms and conditions of the master cash advance agreement and is valid and enforceable.

Prepayment: You may prepay all or any part of the amount due under this Agreement at any time without penalty. If the advance is prepaid before the final installment date, you shall receive a rebate of the unearned Finance Charge. The unearned portion shall be calculated on a pro-rata basis using a percentage derived by dividing the number of days from payment until maturity by the total number of days of the original loan term. NO rebate less than $5.00 is required.

By signing and submitting the application form, I understand and agree to all terms and conditions of this Master Agreement and by submitting the online information application by Internet, I am applying for a cash advance and certify that information provided by me is true and correct under penalty of perjury. I agree that upon submission of my electronic signature, I am not presently involved in, nor contemplating bankruptcy now or in the future. I authorize you to verify the information in this application and hereby give Payday Advances consent to obtain information on me from a consumer reporting agency or other various means available. I understand Payday Advances reserves the right to decline an applicant at any time, with cause determined by judgment of risk, upon completion of due diligence of applicant. In order to process this application, I understand verification of the information I have provided is necessary, including, but not limited to, proof of residence, employment and bank account verification. I accept personal responsibility for safeguarding any PIN or CUSTOMER NUMBER that might be assigned to me.

These transactions shall take place in the State of Idaho and Idaho Law shall govern all aspects thereof except as federal laws may apply.

Idaho Licensed Lenders Regulations
Itemized Schedule of Charges
(Idaho State Law)

The Idaho State Licensed Lenders Regulations and Itemized Schedule of Charges are available on the web site.

(Be sure you fully understand the Payday Advances program and procedures before signing and submitting forms as acceptance.)