175-H N. Daleville Avenue., Post Office Box 550, Daleville, AL 36322-0550
Hours: 9:00 am - 5:30 pm CST (Open some Saturdays from 10:30 am to 3:00 pm CST)
Q. How much money can I borrow?
A. Up to $3000.00.
Loans for less than $1,000.00 may be processed and a check received in one day. This is accomplished through emailing all information we request and using Western Union's same day service to deliver the proceeds.
Loans $1,000.00 to $3,000.00. The loan package is sent within two (2) business days provided we receive all the information requested to act on the application, i.e., proof of income, etc. You can then e-mail the information to jfi@Rapdiloans.com, or it may be faxed at (334) 598-4019.
Q. I have filed bankruptcy in the last ten years. Can I still apply for a loan?
A. Yes, however, the bankruptcy must either have been discharged or dismissed. If, however, it is an active Chapter 13 bankruptcy we may be able to do a loan provided you get written approval from the Bankruptcy Trustee for the Chapter 13 case. Trustees may approve the new debt provided the additional debt does not interfere with the Chapter 13 Bankruptcy Plan. We recommend you contact your bankruptcy attorney for legal guidance and /or your bankruptcy case trustee for further guidance.
A. No, and you will be refunded the unearned portion of the finance charges and unearned portion of the insurance premiums that have not been earned.
A. No, you must have a clear title with no liens. The loan value of the vehicle must exceed the amount of the money requested and must be sufficient to cover the amount of the total payments of the loan.
Q. Do you do a credit history inquiry?
A. Yes, credit checks are done through one or more of the nation's major credit bureaus; i.e., Equifax, Inc., TransUnion, LLC, and/or Experian.
Q. What are the minimum qualifications for a loan?
Q. Are there other considerations involved for approving a loan?
A. Yes. Other considerations are weighed in determining loan approval. The application must be completed with integrity and full disclosure. Our loan approval decision is determined by the 4 C’s:
Character (good character and integrity/ honesty)
NOTE: Other considerations are: credit references, income, obligations, adequate collateral, terms and conditions you request, stability of employment and residence, outstanding lawsuits, garnishments, attachment, foreclosure, or repossession.
Q. Do we report loan agreement activity to the credit bureaus?
A. Yes. We report borrower's credit history to two major credit bureaus; Equifax Information Services, LLC and TransUnion, LLC. The purpose of us reporting to the credit bureau/s is to help our customers establish and/or re-build credit.
Q. When can I receive my refund payment(s) after the loan is paid off?
A. Any refund due is made upon payoff.
Q. Can I make loan payments using the DFAS Military Allotment System?
A. Yes. However, the new allotment rule applies to active duty Members, and not military retirees or DoD Civilians. New allotment changes effective January 1, 2015. The change in DoD's Financial Management Regulation will prohibit service members from allotting pay to buy, lease or rent personal property. The new change will no longer allow active duty military members to make allotments for the following types of purchases:
Allotments still can be used for savings account deposits, investments, to support dependents, pay insurance premiums, mortgages, rents, make Combines Federal Campaign contributions, and U.S. government debt repayments.