Important Notice: All debits and credits made to your bank account will appear under our processing company's name, which will show up as "MYPDL" or "Check by phone" or "Payment Services Elect". If you have any questions, please call us at 1-888-269-2303 extension 1.
Your payment for Mypaydayloan.com will be debited at 12:00 AM (Midnight) on the morning of your due date. If your funds will not be available until after that time, please contact us at least 2 business days prior to your due date so that we can change your due date to satisfy your needs. Your payment will be deducted on your due date, not the day you submit the request. All payment requests must be received by 3:00 PM EST on the business day prior to your due date. (Note: This deadline is subject to change based on Federal Reserve holidays. You will be notified accordingly.)
We do not guarantee that payment requests submitted after the deadline will be honored. Your payment for your cash advance will not be reflected for 5-6 business days after your due date. (This is the amount of time it takes for the Federal Reserve to process the transaction and notify us with the results.) If you plan to apply for a renewal as soon as you payoff your current loan, it is easier to simply make a minimum payment and extend the loan for another two weeks. Further, you must wait 4-5 business days after making your payment before you can apply for a renewal. On the other hand, there is no waiting period for keeping your current funds and extending the loan.