What is a Payday Advance?

YPAC provides payday advances in amounts between $100 and $500 (dependant upon your net income).  A payday advance is a personal loan that is advanced to you until your next payday (Per MO State Regulations an advance must be contracted for a minimum of 14 days and a maximum of 31 days.)  Early payment options are available. Most advances are issued the same day as applied for.

Qualifications to obtain a payday advance:

1. You must be at least 18 years of age.
2. Be citizen of the United States of America.
3. Have a valid Drivers License/Government Issued ID and Social Security number.
4. Be actively employed in your current job for at least 3 months.
5. Have a net income of at least $1,000 per month.
6. Have an active checking account which has been in effect for at least 3 months.

What is required to apply for a payday advance?

1. Your valid Drivers License/Government Issued ID and Social Security number.
2. Your most recent paycheck stub(s).
3. The most recent bank statement issued on your checking account.  Note:  If an original is not available, contact us to learn how to obtain an acceptable copy.
4. Your employment and personal reference(s) information.
5. Your check book with your name printed as the account owner on the checks.

Additional information may be required based upon the review status of your application.

What is the process for obtaining a payday advance?

1. You will submit an application with the above information attached.
2. YPAC then reviews your application and submits your information to Teletrack for verification.  Note: Teletrack is not a credit verification system, but rather a system for checking the information provided, plus your past history of check cashing, payday loans, and bankruptcy activities.
3. When approved, you will provide YPAC with a check made payable to Your Payday Advance Company totaling the amount of your advance plus fees and dated for your contracted due date.
4. YPAC will either issue you a check or cash for the amount advanced.
5. YPAC will deposit your check at the end of the business day on which it is due if prior arrangements haven't been made. 

What is the cost of a payday advance?

Rates tend to fluctuate in the payday lending industry. However; YPAC is proud to state that our rates have consistently been below the average mean for payday lenders in the State of Missouri and we will match the advertised rate of any payday lender in Jefferson County Missouri. Please call 636 467-5447 for our current low rates.

What if something occurs where I will not be able to pay on the due date?

Should an emergency arise where the funds for your check will not be available on the due date, it is imperative that you come in to the store by 4pm of the due date to discuss your situation. At that time we will discuss the use of a process referred to as a renewal.

Conditions of Renewals

As stated above YPAC strongly recommends that renewals be limited to emergency situations only. Renewals will cause you to accrue additional fees, making your advance considerably more costly and future advances less desirable. Missouri State law requires that all renewals be conducted in person and in writing and that a new advance cannot be issued by YPAC until the original is paid in full. YPAC’s policy is that 20% of the original principal, plus all outstanding fees, must be paid by either cash, a Cashier’s Check or Money Order prior to issuing a renewal. Renewals will be limited to three maximum for any advance. Many advance companies do not offer renewals!

Non-Payment of  payday loan advances from YPAC

In order for YPAC to maintain our low rates, and in fairness to our paying customers, YPAC will use all legal methods available to collect non-paid funds.  Failure to pay as contracted can result in fees up to a maximum of $75 per $100 plus litigation fees. YPAC sincerely hopes that we never have to take these measures with our clients.

Your Payday Advance Company’s goal is to provide you fast, friendly, and affordable personal loans in the form of  payday loan advances.  We want our customers to feel comfortable using our services whenever the need for financial assistance occurs.