Frequently Asked Questions

What Exactly Is a Short-Term Short-Term Loan?

These direct deposit loans are designed to help people get the money they need quickly.

Note: A short-term loan is meant as a temporary solution. It is not a long-term financial solution.

Is My Funding a Direct Lender?

Yes, unlike many other short-term loan sites My Funding Choices is a direct short-term lender. If will approve your short-term loan, we will deposit the funds in your bank account ourselves.

What Do I Need to Get a Short-Term Loan?

Simply meet these requirements:

    • Income of at least $1,000 per month
    • Provide proof of employment
    • Active bank account- to deposit the funds
    • Provide a phone number and email
    • Be a permanent U.S. resident who is at least 18 years old

You don’t even need access to a fax machine to apply with us!

How Does the Short-Term Loan Process Work?

You will fill out our simple application form online (no faxing required). Once your application is approved, we will deposit the money directly into your checking account. For loans approved before 5:00pm EST, the money will be in your checking account the next business day.

You’ll also receive a contract that lists your agreed-upon payment due date. On that date, the amount due will be automatically debited from your checking account. You can apply for additional personal loans up to $1,000 after your first short-term loan is paid in full.

How Will I Know I’ve Been Approved?

Before your online application is approved, a member of our underwriting team will call to verify a few items. You will also receive an email confirmation after your application for a short-term loan has been reviewed and approved.

Do you offer Military Lending Act compliant installment loans? does not offer any products with interest rates below thirty-six percent (36%) annually. Customers are required to certify that they are not a member of the military or the spouse/dependent of a military member. Specifically, they certify that they are not the spouse or dependent of a regular reserve member of the Army, Navy, Marine Corps, Air Force, Space Force, or Coast Guard, serving on active duty under a call or order that does not specify a period of 30 days or fewer, or servicing on Active Guard or Reserve Duty. (Dependents include the member’s spouse, child under the age of 18 years old, or an individual for whom the member provided more than one half of their financial support for 180 days preceding the date of this Agreement.)

How can I cancel my loan?

Customers have the right to cancel their loans without cost by 5:00 p.m. EST on the next business day following the date they are notified that their application has been approved. If you decide to cancel your loan you must send us your notice of cancellation by email to [email protected] and return any funds received by the 5:00pm EST deadline.

What Are Your Business Hours?

My Funding Choices is open Monday – Friday from 9am – Midnight (EST). For your convenience, we are also open from 9am – 6pm (EST) on Saturday and Sunday.

Contact us if you have any questions or concerns about these requirements