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 FastMoney.com, we can help you find easy money online on the best possible terms.
Here are only some of the benefits of requesting for fast money online:
- Quick and easy request process
- Lenders compete to give you money
- No credit score required; bad credit is OK
- Cash in as soon as one business day
- Total confidentiality
- Easy repayment terms
Why wait? You have nothing to lose by filling out an online request, 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 requests, or searching online for the best deal. With our quick cash online service, we connect you with hundreds of lenders. By showing your request 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 request 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.
Request at Any Time, No Fee Required
With our online request procedure, you can submit your request 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 request fee to use our service, and in the unlikely event that your loan is not approved, you can rerequest as often as you like.
No Credit Score Required for Fast Money from Online Lenders
When you request for a loan with a conventional bank, you will spend hours filling out requests, 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 request 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
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 request 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 request 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 makes a reasonable effort to work only with reputable lenders dedicated to providing customers with detailed information regarding loan conditions and terms prior to their acceptance of a particular loan offer. You should always carefully review the terms and conditions of any loan offer you receive. Remember, you are not obligated to accept a loan offer.
When you accept the terms and conditions for a loan offer, you are agreeing to pay back the loan principal and finance charges in the amount of time shown in the documents supplied by your lender. Additional fees or charges by your lender may request in the event that you are unable to repay your loan in full or if you make a late payment. We cannot predict the amount of the fees or charges that you will incur as a result of non-payment, late payment, or partial payment. Additionally, we have no knowledge of the loan details between you and your lender. Please refer to the late payment, partial payment, and non-payment policies detailed in the loan documents provided by your lender. Our company makes a reasonable effort to work only with reputable lenders dedicated to pursuing collections of past due accounts in a fair and reasonable manner. If you have a complaint about a specific lender, please Contact Us and one of our agents will look into the matter further.
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.
FastMoney.com is not a lender and does not engage in debt collection practices. Your lenders' collection practices will be disclosed to you in the loan documents. If you are unsure of the collection practices used by a specific lender, we recommend that you discuss this issue with your lender directly. FastMoney.com makes reasonable efforts to only work with established, reputable lenders who pursue collections of past due accounts with fair conduct and in compliance with the provisions of the Fair Debt Collection Practices Act by the Federal Trade Commission.
Loan renewal policies are largely governed by state regulatory legislation. The loan renewal options will be presented to you by your lender prior to your acceptance of the loan. Please make sure to diligently read the renewal policy presented to you prior to signing the loan documents. Payday loans are intended to be a short term financial instrument. FastMoney.com encourages all consumers to repay the loan on time and in full in order to avoid late payment and/or non-payment fees.