Fast Money: What You Need to Know
Do you need fast money to cover a major repair, buy groceries for your family, or cover a bill that can't wait until your next paycheck? Are you strapped for cash, with no one to turn to, and unable to get a loan from your local bank? If so, payday lending may be the solution – with an online cash advance, you can get the funds you need to pay for any type of expense, no questions asked, in as little as two hours. At Cashadvance.com, we can help you find easy money online on the best possible terms.
Here are only some of the benefits of applying for fast money online:
- Quick and easy application process – apply in under 3 minutes
- Lenders compete to give you money
- No credit score required; bad credit is OK
- Cash in as soon as 24 hours
- Total confidentiality
- Easy repayment terms
Why wait? You have nothing to lose by filling out an online application, and your money could be on its way to you before the end of the day.
The Online Pay Day Loan Service Advantage
With your busy schedule, you don't have the time to spend making calls, filling out bank loan applications, or searching online for the best deal. With our quick cash online service, we connect you with hundreds of lenders. By showing your application to as many lending companies as possible, we force them to compete with each other and offer you the lowest possible rate on your fast money loan.
All you need to do is fill out our short online application from the comfort of your own home or office. No faxing is required, and you will have your answer in just a few minutes. You will be contacted by the lender who can best meet your financial needs and get you the personal loan you deserve to get your budget back under control.
Apply at Any Time, No Fee Required
With our online application procedure, you can submit your application at any time; no waiting for business hours or having to take time off from work. You will be asked to provide some basic information, including your driver's license number, banking information, and email address. There is no application fee to use our service, and in the unlikely event that your loan is not approved, you can reapply as often as you like.
No Credit Score Required for Fast Money from Online Lenders
When you apply for a loan with a conventional bank, you will spend hours filling out applications, gathering information, and meeting with loan officers; you will have to wait for a background check, and if your credit report is not spotless, chances are that you will be turned down. Your credit is not an issue when you apply for personal loans from our network of payday lenders. All you need is a verifiable income, which can be from employment or another source; as long as you are making at least $1,000 per month, you can qualify for instant cash loans from $100 to $1,000.
The Only Way to Receive Fast Money
The best part of borrowing quick cash online is the fast approval process, along with the easy funds transfer option: there is no need to wait for days for a check to arrive in the mail, only to have to drive to the bank to cash it. Once you have been matched with a lender and accepted your loan offer, the money will be wired directly to your bank account.
Keep in mind that you do need to have a valid checking or savings account to receive a personal loan from our online lenders. Your cash will be available in your account on the same business day, usually within a few hours, and you will be able to use your money immediately for whatever you need.
Security and Confidentiality Is Guaranteed
When you need fast money, the last thing you want is for your personal information to get into the wrong hands. With all the concerns about internet security, we make sure all of our clients' information is safeguarded with the latest encryption techniques. Your personal data will never be compromised when you apply for easy money online. In addition, it is our policy never to share or sell our client information with any third party. You can submit your application with total confidence that your privacy is safe with us.
Repay Your Loan When You Get Paid
Short term loans such as cash advances are typically due on the day you receive your next paycheck. Repaying your loan will require no action on your part; the funds will simply be withdrawn once your paycheck has been deposited, with the interest and handling fees added to the amount.
However, if you are unable to pay back the loan by the due date, it is important that you contact your lender. They may be able to work with you to refinance your loan; you may have the option to pay back the interest and fees, refinancing the principal until the next payday.
Many lenders will offer an easy installment plan, so that you can keep more money in your pocket while you repay your loan.
Unless you are fortunate enough to have wealthy friends or relatives who can help you out when you need cash fast, you may be concerned about running out of money before your next payday. With Cashadvance.com, there is no need to worry; we can help you get fast money to cover any type of expense. Whether you need cash to fix your car, pay for your classes, or even take a well-deserved vacation, your cash advance is only hours away.
APR – Representative Range Explanation
The annualized interest rate that you are charged on a cash loan is known as the APR, which stands for annual percentage rate. FastMoney.com is not a lender and therefore does not disburse loans, but it does refer consumers to lenders who are in the business of providing loans of this type, and it does not charge fees for this service. Because FastMoney.com is not a lender, it is not able to supply you with the exact APR that will be attached to your loan. Keep in mind that APRs can vary according to the information that you provide in your loan request and also the information that your lender gives you.
Your lender will supply you with specifics regarding the APR, finance charges and any other applicable terms when you are redirected to your loan agreement during the process of requesting a loan. If you need help with any FastMoney.com-related services, you may Contact Us.
The APR on a cash loan can range widely, generally being anywhere from 200 percent to 2,290 percent depending on exactly how it is calculated and other variables such as the loan duration, any fees incurred (nonpayment, late fees, etc. ...) and loan renewal actions. You should be mindful of the fact that the APR range is not your finance charge; that will be disclosed by your lender at a later point in the loan request process.Representative Example
YOU CAN BORROW $400 FOR 14 DAYS WITH A $40–$80 LENDER CHARGE. YOUR ESTIMATED APR WILL BE 261% TO 521%*
Relatively speaking, cash loans are costly when compared with other types of loans. It is not recommended that you use them as a long-term financial solution, and you should only take them out in emergency situations.
*Calculation: (lender fee / loan amount) x (amount of days in a year / duration of the loan) x 100
Low-end calculation: ($40 / $400) * (365 days / 14 days) x 100 = 260.71%
High-end calculation: ($80 / $400) * (365 days / 14 days) x 100 = 521.43%
Important Implications to Consider
FastMoney.com only partners with lenders who make it a practice to provide customers with detailed information regarding loan conditions and terms prior to their acceptance of a particular loan offer. You should always closely go over the conditions and terms of any loan offer you receive. For more details about these considerations, look at our Lending Policy and Rates & Fees Web pages.
When you accept the conditions and terms attached to a loan offer, you are effectively agreeing to pay back the principal and finance charges in the required amount of time specified in the loan agreement. Additional charges could apply should you not be able to repay your loan in full or in the event that you make a payment after its due date. FastMoney.com cannot predict the charges you will incur as a result of nonpayment, partial payment or late payment. Moreover, it has no control over knowledge of the loan details between you and your lender.
Make sure to refer to the nonpayment, partial payment and late payment policies detailed in the loan documents you get from your lender. It is the policy of FastMoney.com to only work with lenders who are reputable and who make it a practice to pursue collections of past-due accounts in manner that is fair and reasonable.
Should you be approved for a cash loan, your lender will inform you of the fees and interest rate attached to that loan before you go ahead and formally accept their offer. As previously stated, FastMoney.com is not a lender, and therefore it is unable to predict the specific interest and fees that will be connected to the offer. Please be aware that under no circumstances are you obliged to accept any particular loan offer.
It is the policy of FastMoney.com to not get involved in making credit decisions or ever perform credit inquiries on prospective loan borrowers. However, some of FastMoney.com’s affiliated lenders may opt to conduct a nontraditional credit check for the purpose of determining your eligibility for a cash loan. The lenders generally will not perform a credit inquiry with any of the three major credit bureaus in the United States (Experian, TransUnion and Equifax).
In the end, your credit rating may be impacted by a particular lender’s actions. If you do not pay back your loan by the specified due date, your lender may choose to report this delinquency to one or more of the major credit bureaus, which could negatively affect your rating. FastMoney.com wholeheartedly encourages consumers with credit problems to consult a credit counselor.
Again, FastMoney.com is not a lender, and we also do not ever engage in debt collecting. In their loan documents, your lender will provide information to you about their collection practices. Should you be unsure of the practices that are used by a particular lender, we highly recommend that you directly discuss this issue with the lender. FastMoney.com’s policy is to only work with reputable lenders who make it a practice to pursue collections of past-due accounts in a fair and reasonable manner.
Prior to your acceptance of their loan offer, your lender will present you with loan renewal options. Please be sure to carefully go over their loan renewal policy before you proceed to sign any loan documents. Keep in mind that to a large extent state regulatory laws govern loan renewal policies.
It is intended that cash loans be used solely as a short-term financial instrument. We strongly encourage all borrowers to repay their loan in full and by the specified due date in order to avoid fees stemming from nonpayment and/or late payment. If you believe that you may potentially have difficulty paying off a cash loan after taking it out, we recommend that you explore various loan alternatives before applying for a loan through our website.
Fast Money Testimonials
After being denied from my bank for an extra line of credit I turned to Fast Money. I filled out the simple application, was approved almost instantly, and had my funds deposited into my back account all within the same day.
Jennifer B, Nebraska
I was out sick from work for two weeks, at the end of the month I did not have enough money to pay my bills. A friend told me about Fast Money, so I gave it a try and saw how easy and fast it was to get the money I needed.
Samantha M, Colorado