The repayment decision begins before the loan is signed. The offer should state the exact amount due, first scheduled due date, finance charge, APR, and authorized payment method. Under the current 500FastCash process, the full balance is scheduled for the first due date unless an eligible customer later signs an Extended Repayment Plan.
How the first due date is set
Build a due-date action timeline
Use the due date in your actual agreement.
The FAQ states that the due date is based on the next pay date supplied in the application. The actual agreement—not a public calculator—controls the date.
Check the date in three places before signing:
- Truth in Lending disclosure;
- payment schedule or payment section of the agreement;
- ACH or other payment authorization.
If those dates do not match, stop and ask customer service for clarification before accepting the offer.
Due-date action timeline
- After signing: save the agreement and payment authorization.
- After funding: confirm the amount received and the amount due.
- Several days before payment: verify income timing, account balance, and essential expenses.
- Before the EPP request window closes: contact support if full repayment may not be possible.
- Payment day: confirm the authorized method and sufficient funds.
- After payment: verify that the account and bank records agree.
The public tool does not change a real due date. Account changes require the secure account process or customer service.
Payment methods described by the site
The current FAQ lists:
- debit card;
- ACH;
- personal check;
- money order.
Availability, instructions, processing time, and any fees may vary. Follow the current agreement and customer-service instructions. Never send a payment to an address, wallet, account, or person supplied only through an unexpected email, text, or phone call.
What ACH authorization does
ACH is an electronic bank transfer. An ACH authorization can permit a lender to debit the scheduled payment from the checking account. Review:
- the amount or method used to calculate it;
- the scheduled date;
- whether future or variable payments are included;
- the process for changing or revoking authorization;
- the effect of a failed or returned payment.
Stopping an automatic debit does not erase the underlying loan obligation. A customer considering that step should contact 500FastCash and the bank, review the agreement, and use official consumer guidance before the scheduled transfer.
Full payment versus an Extended Repayment Plan
Original schedule
The entire balance is due on the first scheduled date. This is generally the lowest-cost option described by 500FastCash.
Extended Repayment Plan
The account may offer an eligible customer the option to create a multi-date schedule during the period after funding and before the first payment is due. The plan requires a new agreement and can add finance charges.
Compare:
- total dollars paid;
- each payment amount;
- dates;
- principal included in each payment;
- final payoff date;
- effect of any additional principal payment.
A smaller first payment is not automatically a cheaper or safer schedule.
Early payoff and additional principal
The current FAQ states that the initial finance charge is fully earned when the short-term loan is received. It also states that additional principal paid under an EPP may reduce future periodic finance charges. Because the exact calculation depends on the agreement and account, request a current payoff or revised schedule instead of estimating savings from a public page.
If a payment may be difficult
Contact customer service before the due date. Explain the amount you can pay, the income date, and whether the problem is temporary. Ask which options are actually available for the account and request written confirmation of any change.
Do not ignore a scheduled payment or assume that an email request automatically changes the agreement. A late, skipped, or returned payment may create additional fees and collection activity under the site’s current FAQ.
Account records to keep
- original agreement and Truth in Lending disclosure;
- approval and funding confirmation;
- payment schedule;
- ACH authorization;
- EPP agreement, if any;
- receipts or confirmation numbers;
- bank statements showing deposits and payments;
- customer-service correspondence.
Keeping these records makes it easier to identify an incorrect amount, duplicate debit, missing payment, or fake collection demand.
Frequently asked questions
Is the due date always my next payday?
The site states that it is based on the next pay date supplied in the application. The agreement provides the final date.
Can I change my bank or pay-period information online?
The current FAQ directs customers to call customer service to update banking or pay-period information.
What if I cannot pay in full?
Contact support before the due date and ask whether an Extended Repayment Plan or another account option is available.
Does revoking ACH cancel the loan?
No. It changes payment authorization, not the existence of the debt. Follow the agreement and obtain appropriate guidance.
How can I confirm that a payment was credited?
Check the online account, payment confirmation, and bank record. Contact support promptly if they do not agree.
Can a late or returned payment add costs?
The current FAQ says additional fees may accrue and the account may be sent to collections. Actual consequences are controlled by the agreement and applicable rules.
Know the date, amount, and method
A repayment plan is complete only when you can identify all three—and when the payment leaves enough for essential expenses. Ask for help before the account becomes past due.
Sources and references
Primary or official sources used for factual context on this page: