Payday / deferred deposit

The single-pay life cycle, all of it

Disbursement by cash, cheque, debit card or ACH; partial payments with rebate and pro-rate; cheque deposit and redeposit; NSF and returns; refunds; write-off; and post-court-filing and post-judgment payments.

Schedule a Demo →All loan types
4disbursement methods out of the box
Statedatabase checks inside origination
Fulllife cycle to post-judgment
Life cycle

Every transaction a single-pay loan actually needs

New-loan disbursementCash, cheques, debit cards and ACH — including multi-disbursal against one loan.
Partial paymentsWith rebate and pro-rate calculation, not posted as a flat reduction.
Paid-in-fullSettlement with the instrument returned or voided as your process requires.
Cheque depositDeposit of borrower cheques, redeposit, and bank deposit for garnishment.
Return / NSFReturn-cheque handling with fee assessment under the state rule set.
RefundsRefund transactions with the matching accounting entries.
Rollback & voidTime-bound rollback and void of posted transactions, with audit trail.
Legal recoveryPost-court-filing and post-judgment payments, and write-off.
Compliance

The loan type where state rules bite hardest

Payday lending is the most tightly and most variably regulated loan type in the suite. QFund treats that as configuration rather than as a training problem.

  • Rate and fee caps configured per state
  • Cooling-off periods and concurrent-loan limits enforced at origination
  • Rollover and refinance restrictions applied before an offer exists
  • Mandatory state-database queries — Veritec and equivalents — inside the decision flow
  • State-specific disclosure and document packages
  • Extended payment plan handling where a state requires one

Why this belongs in the platform

A branch employee should not be the control that stops a non-compliant loan. If eligibility depends on a state database, the system should query it before terms are shown — not after an examiner asks.

That is also what makes entering a new state a configuration exercise: the rules live in one place, and the same origination flow enforces them everywhere.

FAQ

Payday questions

Does QFund connect to state lending databases?

Yes — Veritec and equivalent state systems are integrated into the origination flow, so eligibility, concurrent-loan limits and cooling-off periods are checked at the point of decision rather than reconciled afterwards.

How are partial payments treated?

With rebate and pro-rate calculation, so the remaining balance and any subsequent payoff quote stay consistent with the fee structure the loan was written under.

Can we operate the CSO model instead of lending directly?

Yes — see CSO / CAB. QFund supports running normal loans and CSO loans side by side, controlled by state-level business rules.

See it configured for your states

Bring your rate and fee structure for the states you operate in. We will set it up and originate a live loan against it.

Schedule a Demo →Platform overview