Frequently Asked Questions

What Is a Short-Term Loan?

A short-term loan is a type of loan that is obtained to support a temporary personal funds need. Short-term loans provide a quick solution when cash is lacking. For short-term loans, the repayment periods are shorter, and the credit limit is lower than traditional loans. These loans are designed to help people get the money they need quickly.

Note: A short-term loan is meant as a temporary answer to a financial need. 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 your short-term loan gets approved, we will deposit the funds in your bank account ourselves.

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

Simply meet these requirements to complete your application:

  • Steady source of income according to loan amount
  • 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). If your application is approved, we will deposit the money directly into your account.

You’ll also receive a contract that lists your agreed-upon payment due date. On that date, if previously authorized, the amount due will be automatically debited from your checking account.

What are the cut-offs for deposits?

All applications approved before 3:30 p.m. EST will be funded on the same day. All applications approved after 3:30 p.m. EST and before 8:00 pm EST will be funded the next business day. If you wish to utilize our instant funding option, which is available on weekends, you must provide us with a debit card. Please remember ACH is not available on Federal Reserve holidays and weekends, so accounts will be fund the next business day.

How Will I Know I’ve Been Approved?

Before your online application is approved, all the information provided must be validated, so it goes through an underwriting process. You might receive a call from a member of our team to verify a few items. You will also receive email notifications with updates and after your application for a short-term loan has been reviewed and approved you will receive an approval email confirmation.

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 9 am – Midnight (EST), Saturday and Sunday. from 9 am – 6 pm (EST).

Contact us if you have any questions or concerns.

What is the Interest Rate on our short-term loans? APRs range between 550% and 875%, the APR you qualify for will have different variables such as the date you submit the request, first due date, and loan amount, among other criteria. The total payments due and APR will be disclosed on your loan agreement that you are to review before signing. The loan agreement will show the payment schedule including the total number of payments, payment amounts, and payment dates for the duration of the loan. The finance fees for your loan will be clearly disclosed to you in terms of the dollar amount of interest and the APR according to the principles of the Federal truth in lending laws and regulations.

What fees are charged to get a short-term loan? does not charge any fees to process a loan application.  The only fees other than interest that may be charged are Non-Sufficient Funds and Late Fees.  These fees, as they may apply, are described in your loan agreement.

How does use the credit bureaus? does not check traditional credit reports to determine creditworthiness.  We do check subprime credit reporting agencies to verify some information during the application process. We do not report data that may affect your FICO score, however we do report to the subprime credit reporting agencies.

Why does your website state you are a tribal corporation? is a wholly owned entity of the Wakpamni Lake Community (WLCC), which is a local government under the Oglala Sioux Tribe, which is a federally recognized tribe.  By entering into this agreement with, you are agreeing to have the law of the Oglala Sioux Tribe govern this loan.  The law of the Oglala Sioux Tribe relating to lending does not limit the rate of interest or fees that may be charged.