Frequently Asked Questions
The best way to minimize the cost of your loan is to pay the loan off early. You can pay more than the scheduled amount, make extra payments, or pay the balance in full as soon as you are able. If you are interested in paying your loan off early and reducing the total cost of your loan, please contact one of our Customer Service Agents at (877) 624-8003.
You can access your loan documents online any time during the life of your loan by logging into your customer portal page with your username and password. If you have any difficulty accessing your documents, you can call our Customer Service Department at (877) 624-8003. They can help walk you through the process, or they can email the documents to you.
All applications are conditionally approved or denied in seconds, but are subject to verification of prior loan history and personal information. In some cases, we may ask for additional information.
Your loan agreement includes a payment schedule detailing amounts and due dates. You are strongly encouraged to pay off your loan as quickly as possible, as Lakeshore Loans does not charge any early pay-off penalties or fees, and it will reduce the overall cost of your loan. Please call Customer Service for assistance with early payoffs: (877) 624-8003.
For your convenience, you can have your payments withdrawn directly from your bank account. You can also send a cashier’s check or money order to Lakeshore Loans, PO BOX 764, Lac du Flambeau, WI 54538.
Contact our Customer Service Department at (877) 624-8003 if you have questions about your payments.
Rather than multiple payments scheduled over a period of time, payday loans are typically repaid with one payment due when the borrower receives his or her next paycheck. Payment is made in the form of a post-dated check or automatically withdrawn from the borrower’s bank account. Payday loans are very short-term, usually 30 days or less. Short-term installment loans are usually repaid over a matter of weeks or months.
The approval amount depends on a variety of factors including loan history and monthly income. First time borrowers can qualify for $100-$600. Repeat borrowers can qualify for up to $1500. See the Loan Terms page for more info.
You can choose to pay off your loan over several installments or all at once at any time without penalties. We structure the loans so that payment amounts remain consistent, and we schedule the payment dates to coincide with your pay dates for added convenience. It is your responsibility to make your loan payment on your due date. You can schedule automatic electronic payments from your bank account or provide payment via certified check, money order, or debit card. If you do make a late payment, skip a payment, or have a returned payment, you may incur additional fees. If a payment is returned we may resubmit that payment to your bank for processing. If you are having trouble making payments or need to talk about payment arrangements, please contact us at 877-624-8003.
Lakeshore Loans charges a $30 late fee for any payment that is late three or more days and a $30 NSF fee for any payment that is returned due to insufficient funds or not honored by the customer’s financial institution for any reason. Lakeshore Loans does not charge any prepayment penalty fees.
Details of your specific payment amounts, payment dates, APR, and specific fee information are included in your loan agreement. You can review and download copies of your documents at any time during the life of your loan by logging in to your account.
You must be 18 years old and have:
- A job or proven source of income via direct deposit
- An active and valid checking account
- A working phone number and email address
If you are unable to make a scheduled payment on time, please contact us as soon as possible to request a three-day courtesy extension. There is no additional fee for this extension, but it is only available once during the life of your loan.
To exercise your Right to Cancel, you have until 3:00 p.m. CST the second business day after your “Disbursement Date” to begin the process of returning the funds interest-free. Keep in mind that your Disbursement Date is the date funds were transferred to your financial institution. This may not be the same date your bank makes those funds available to you, so please call us at (877) 624-8003 as soon as possible if you want to cancel your loan. If you miss the Right to Cancel deadline, you can still pay off your loan early without penalties and pay only the interest you’ve accrued up to your pay-off date.
If a payment is 3 days or more late, You will be charged $30 per late scheduled payment.
If you’ve ever taken out a loan for a car or bought a home, you’re already familiar with the concept. An installment loan involves a set number of fixed payments due at regular intervals. For instance, an installment loan for a car might require the borrower to pay $400 on the 15th of every month until the balance is paid in full.
The maximum amount available to qualified first-time borrowers is $600. Qualified repeat clients can borrow up to $1,500.
If your loan is completed by 6 pm ET, we can electronically deposit your loan proceeds into your bank account. The funds will be available the next business day.
No! Lakeshore Loans can help borrowers with good credit, bad credit and no credit. We understand that you may have had credit troubles in the past, but we’re here to help get you back on track.
Still have questions?
Our professional Customer Service Agents and Loan Specialists are happy to help!