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How do I know my loan has been credited into my bank account??

by Christien

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When will my deposit of in

I’m still waiting on my loan to be put in my bank and it’s still not there and I’m getting a little upset

1 answer
By Admin on Behalf of the Company #1927089
American Web Loan is in receipt of the review filed by Timothy Combs regarding the deposit of the loan proceeds. Upon receipt of the review, American Web Loan completed a thorough review of the account. The records reflect that the loan proceeds were successfully issued via same day wire transfer on September 17, 2020. Please note that the receiving financial institution may have their own timeframe for crediting the funds to the bank account. American Web Loan attempted to contact Mr. Combs directly regarding his concerns, but was not successful. If Mr. Combs has not yet received the loan proceeds, we ask that he contact Customer Service directly at (877) 860-7171 so that we may research the matter further.
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Is this a "payday" loan?

1 answer
By Admin on Behalf of the Company #1543305
No, this is not a payday loan. AWL’s loans are installment loans with payments spread out over 6, 9 or 12 months. Installment loans have fixed payment amounts and number of payments. Payday loans, however, must be paid at one time in full on your next pay date.
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What's the catch?

1 answer
By Admin on Behalf of the Company #1543303
There’s no catch! If you are approved for a loan, then you will be asked to accept the terms and conditions by electronic signature before receiving any funds. In your loan agreement, you will find full disclosure of your finance charge and APR. We want our customers to know every detail about their loan before committing.
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What if I have bad or no credit?

1 answer
By Admin on Behalf of the Company #1543295
You may be able to qualify for a loan with American Web Loan with no credit or bad credit. Go to our website and fill out the online application form to see if you qualify.
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How long will it take to receive my funds?

1 answer
By Admin on Behalf of the Company #1543291
To ensure you receive your funds as soon as possible, we offer three delivery options after you have been approved:
• Wire Transfer: Same business day if the loan was finalized before 2:35 p.m. CST from Monday to Friday. Next business day if the loan was finalized after this time.
• Direct Deposit: May post same business day if the loan was finalized before 12:00 p.m. CST from Monday to Friday. Loans finalized after this time should post by the end of next business day.
• Paper Check: Paper checks usually arrive at the address provided within 7-10 business days.
For more information on receiving funds, please visit www.americanwebloan.com.
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Do I need to send you anything?

1 answer
By Admin on Behalf of the Company #1543290
Usually, you will not need to send us anything. Some customers, however, might need to send proof of income.
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What happens if I pay my loan early?

1 answer
By Admin on Behalf of the Company #1543289
You save money on interest! AWL never charges prepayment penalties, so paying off your loan early will save you money on interest. We always encourage customers to pay their loan off as quickly as possible.
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How much will the loan end up costing?

1 answer
By Admin on Behalf of the Company #1543288
Every loan differs in terms of cost. The finance charge depends on a few things, including your creditworthiness, our proprietary scoring method, the amount you borrowed, and the length of time your loan is outstanding. In your loan agreement, you will be able to find your finance charge and APR fully disclosed.
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How long do I have after receiving my loan to request a rescission?

1 answer
By Admin on Behalf of the Company #1543281
Requests for rescissions must be received by 5:00 PM CST by the second business day after the loan agreement date. If it’s after this time, you can pay the loan in full and only accrue interest for the days you had the loan.
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What are your business hours?

1 answer
By Admin on Behalf of the Company #1543276
Our lending department is open from 6 am to 11 pm CST Monday to Friday, from 6 am to 8 pm CST on Saturday, and from 8 am to 8 pm CST on Sunday.
Our customer service department is open from 7 am to 8 pm CST Monday through Friday, from 7 am to 4 pm CST on Saturday, and closed on Sundays.
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How can I manage my account?

1 answer
By Admin on Behalf of the Company #1543274
You can manage your account with our mobile app, which can be downloaded from the app store. You can also manage your account online at MyAccount.AmericanWebLoan.com. If you have questions about managing your loan, you can call the customer service department at 877-860-7171.
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How do I get the AWL Mobile App?

1 answer
By Admin on Behalf of the Company #1543272
You can download the free AWL Mobile App on your smartphone by going to the app store and searching “AWL Mobile.”
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I searched for American Web Loan on Google and a different site came up! Do you have more than one website?

1 answer
By Admin on Behalf of the Company #1543271
No, we don’t have more than one website. Some online companies have created phony websites pretending to be American Web Loan. We are taking every step we can to stop these deceitful companies, but to avoid getting scammed, always make sure you are on the official www.AmericanWebLoan.com website.
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How often will my account be charged?

1 answer
By Admin on Behalf of the Company #1543268
The pay frequency depends on when you get paid. The pay frequency options are monthly, semi-monthly, bi-weekly, and weekly.
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What is the interest rate on a loan?

1 answer
By Admin on Behalf of the Company #1543267
The interest rate is different for every loan. The finance charge depends on a few things, including your creditworthiness, our proprietary scoring method, the amount you borrowed, and the length of time your loan is outstanding. In your loan agreement, you will be able to find your finance charge and APR fully disclosed.
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Why did you draft my payment a day early?

1 answer
By Admin on Behalf of the Company #1543266
We are unable to process payments on weekends or holidays, so if you experienced this situation, it is because your payment date fell on a weekend or holiday. If this happens, your payment will be drafted one business day earlier (as stated in your loan agreement.)
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Why do I owe more than I borrowed?

1 answer
By Admin on Behalf of the Company #1543265
Interest accrues on your principal balance, just like it does with other loans, credit cards, and similar financial products. You can find more details on your e-signed loan term agreement.
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I want to pay my loan off today why can't you do same day payments through ACH?

1 answer
By Admin on Behalf of the Company #1543260
Payments through ACH must be scheduled at least 2 business days before the date you would like it to debit.
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How do I stop the payments from drafting from my bank account?

1 answer
By Admin on Behalf of the Company #1543259
Once the loan is approved, payments are fixed. If you would like to change the account your payments come from, you can call our Customer Service Department at 1-877-860-7171. You may also call us if you’re struggling to make these payments and we will review your options with you.
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Questions 32
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