*Typical cycles are 14 or 15 days following your payday.
In some cases, based on requests from customers, AeroAdvance
allows an 18 to 21 day payback the first time. However,
renewal fees fall under the bi-weekly or bi-monthly
categories.
Extension of Payment Requirements: Under Missouri
state law, a borrower may renew the payday loan no
more than four consecutive times, after which the
payday loan shall be repaid in full. There must be
a pay down of at least 5% of the original balance
on each and every renewal beginning with the first
renewal. A borrower may enter into a new loan transaction
with AeroAdvance at any time after a prior loan to
the borrower is completed. A borrower may not refinance
a current loan with a new loan.
Prepayment: You may prepay this loan at any time
without penalty.
Returned Check Charges: You agree to pay a fee of
$20 plus any additional charges by the bank for each
check presented for payment that is returned unsatisfied
due to insufficient funds in your account.
Late Fee: You agree to pay a late fee of 5% of the
payment if a payment is 15 days or more late.
A payday loan is intended to address short-term,
not long-term, financial needs. Please read and understand
the terms of the loan agreement before signing.
A borrower may cancel the loan without costs by returning
the full principal balance to AeroAdvance by the close
of the next full business day.
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