Loan by Phone Review

Loan by Phone Review

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Loan by Phone is a state licensed lender. It specializes in giving loans to borrowers who had bad credit or even a bankruptcy in the past. The company is ready to provide short-term assistance to customers in case of financial emergency.


The Lender’s Contacts

Visiting Loan by Phone website, you can apply for an online payday loan or you may call their toll free number 877-577-7977. In case you want to get a payday loan by fax,send your loan application to one of the given numbers. Problems with verifying your information, either banking or employment one ? Do not hesitate to call them. Applying for a loan first time? – Fax your application to 877-577-7978. Call 866-451-3007 if you are a returning applicant. Hours of operation are Monday-Friday, 9 am – 9 pm, Saturday 10 am – 3 pm EST.

How it works

If you do not want to send your payday loan application by fax, visit the official website to make sure if faxless payday loans are allowed in your state. If they are, there is no need to send your application by fax when you apply for a payday advance loan. Just fill out your application form, give your telephone number so that you could be reached when operators process your application form.

Here are the requirements you have to meet when you apply for a loan. Get ready to provide your social security number as well as your bank’s routing number, which is a nine-digit number at the bottom of your check, checking account number and your driver’s license.

Besides, if you apply for a payday loan, you have to be at least 18 years old ( for Alabama it is 19+) and have a steady source of income.

Applying for a payday loan by phone you can get your money within a period of twenty four hours. Loan application forms received by 7 pm EST will be processed by LoanbyPhone operators. As soon as your loan is approved, the amount you applied for will be transferred to your checking account and you will obtain the cash the following business day.

What does your loan depend on?

There are several factors that specify the amount of your payday loan. First of all, it depends on the state you live in, as each state has certain laws concerning the payday loan amount that is allowed to be borrowed.

Moreover, as it is strongly recommended not borrow more than you can pay back. Loan by Phone takes into account your income, which will serve as a baseline for the amount of cash you are entitled to. Since LoanbyPhone is guided by Community Financial Services Association of America (CFSA) regulations, you have the right to cancel your loan within 24 hours upon receiving your money. All you have to do in this case is to send the money back to Loan by Phone and the amount you borrowed will be cancelled.

When your loan is overdue

When you are not able to return your loan on time, you may consider several options. Make sure to contact Loan by Phone to get to know which option to choose, as different states follow different laws and regulations. In some instances borrowers are allowed to pay the fee on the appointed date thus rolling over their loans.

Nevertheless, if there are any limits to the number of rollovers in your state, the Loan by Phone’s policy is to use the lower limit established by your state. Apart from that, you can expect to be offered an extended payment plan, which you could arrange simply by calling 877-577-7977 on the business day prior to the due date and get acquainted with the plan arrangement.

Some More Information

If a customer wants to get some additional information, the LoanbyPhone website set up the so-called money management help page. This is the page that has links to several websites where customers can obtain information on how to manage your finances efficiently. In addition, there are some links which you will find useful if you are in debt.

  • Application Process
  • Approval Time
  • Client-Friendly
  • Security Level
  • Satisfaction Rating


Loan by Phone is an affiliate of Check Into Cash, which is known as one of the most established and reliable companies in the United States. Therefore, LoanbyPhone does its best to abide by the principles of high quality service. Furthermore, the company follows all the laws and regulations of the Community Financial Services Association of America (CFSA) as well as the laws and regulations of the state their clients reside in.

Consequently, if you apply for a loan, you have to know that it will be provided in the states where Loan by Phone or Check Into Cash got a license to operate. The state of Utah, for instance, has some regulations which differ from other states. Visit the FAQ page on the official website to fill out the online application form or to get more detailed information or email [email protected] to contact the lender.

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