Money World - Money Faqs

FAQ

1)Why do people use Money World?
The three main reasons for using Money World are our fast service, our central location and our convenient hours. Money World takes pride in the fact that we provide a service that the consumer wants and that most other financial institutions are unable to provide.

2) Who uses Money World?
Money World is used by anyone over the age of 18 years. You have to register and become a member of Money World Ltd. in order to take advantage of our services. Most of our members have a Bank Account but prefer to use Money World because of our service attributes.

3) How do I become a member of Money World Ltd.?
Simply go to our convenient location, fill out a Registration form and pay a small fee. You will be given a Photo ID card which is good for 1 year. You are now a member of Money World Ltd. and can take full advantage of the services that we offer.

4) Why would someone use Money World Ltd. instead of their Bank or ATM machine?
Money World is the choice because of our late and convenient hours, our friendly service and our central location. Our members can get Fast money! Right now.

5) Can I “roll over” or extend my Pay Day Advance?
No. A Pay Day Advance is money that is borrowed for a short term only. This money must be paid off in full on or before the due date, in order to get another Pay Day Advance. You cannot use money from one Pay Day Advance to pay off another Pay Day Advance.

6) How often can I get a Pay Day Advance?
You can get a Pay Day Advance as often as you want. However, this service is intended to meet your short term or emergency needs between paydays and you may wish to consider other sources of financing if you are using this service frequently.

7) Do I need collateral or tangible security for my Pay Day Advance?
No. All you need for your Pay Day Advance is a steady job.

8) How much cash can I get on a Pay Day Advance?
You can get a maximum of 50% of your net pay to a maximum of $500.00.

9) Will I receive a copy of the Loan Contract that shows the
costs?
Yes. Money World will give the member a copy of the contract
that shows the loan costs.

10) Is Money World a Bank?
No. Money World is not a Bank. We do not accept deposits and
our services are restricted to our members.

11) Can I invest money with Money World?
Yes. Members can invest as little as $1,000.00 and as much as
$100,000.00 with Money World.

12) What rate of interest will I receive on my investment?
Money World will pay 10% per annum , as long as the
money is left for 1 year.

13) Is there a penalty for early withdrawal of my investment?
Yes. There is a penalty of a reduction of interest plus a
service charge of 2% of the investment.