What are the benefits of instant cash loans
Benefits of Quick Cash Loans It gives you enough flexibility to use your money the way you want to, without giving explanations to anyone. You can’t risk losing your important documents because of manhandling, can you? The best part of instant loans is you don’t need any paperwork. It involves less interest rate.
What are the advantages of instant cash loans?
Though there are more benefits of instant cash loans, here I will describe 10 benefits among others because these are the most important benefits among others.
- #1 Requires less time. You know very well that your needs will not wait for time. …
- #2 Not required credit history. …
- #3 No paperwork is required. …
- #5 Less interest rate.
Why would anyone choose a quick cash loan?
Remember, quick cash loans are designed to help you when you’re in an urgent pinch, hence, most lenders usually care more about your level of income and current employment status than your credit score.
Is instant loan app safe?
It is one of the most trustworthy apps for online loan. The reason that you can trust the app is that all the necessary information is provide not only on the website but also on the app. Furthermore, there are no hidden agendas or clauses as the company follows a full disclosure policy.
What is Fast cash loan?
A fast cash loan is a short-term loan with a quick and easy application process, where the borrowed funds are available soon after the application has been approved. These loans are usually unsecured, meaning that they don’t require any collateral like your house or a car.
How does an instant loan work?
Instant loans are short-term loans which does not require much of the documentation and are approved instantly without having to pledge your assets. You can apply for a loan online without visiting a bank or filling out long and lengthy forms.
What is meant by instant loan?
An instant loan is a short-term loan that’s typically for a small amount of money and comes with high interest rates and fees. Instant loans are available in a few varieties: Payday loans. Also called a cash advance, a payday loan doesn’t require collateral and offers you cash on the same day.
How long does quick cash take to approve?
Quick Cash is known for its quick and easy application and money transfer process. If you are applying during business hours, once approved we will send your loan funds in less than 60 minutes.
How long does quick cash take to pay?
within 60 minutes
Once approved, Quickcash will send your loan funds within 60 minutes. Applying for an online loan has never been quicker! Please note: We will send your money from our bank account within 60 minutes. Our bank is the ANZ Bank so if you bank with the ANZ, your money should be available immediately.
Do Payday loans have interest?
Payday lenders usually charge interest of $15-$20 for every $100 borrowed. Calculated on an annual percentage rate basis (APR) – the same as is used for credit cards, mortgages, auto loans, etc. – that APR ranges from 391% to more than 521% for payday loans.
Does Speedy Cash approve everyone?
A: Anyone who meets the application requirements is eligible to apply for a payday loan, and may qualify for cash. Requirements to apply for a payday loan: Meet minimum age requirements in your state (18 in most states)
How can I get money immediately?
19 Ways to Find Fast Cash
- Sell spare electronics. …
- Sell unused gift cards. …
- Pawn something. …
- Work today for pay today. …
- Seek community loans and assistance. …
- Ask for forbearance on bills. …
- Request a payroll advance. …
- Take a loan from your retirement account.
What happens if you don’t pay speedy cash?
While it’s easy to get a payday loan, this financing option is very expensive. Payday loans come with exorbitant interest rates and fees that often make them very difficult to repay. If you can’t pay back a payday loan, the account may be sent to a collection agency, which will damage your credit.
Can I go to jail for not paying online loans?
The Bill of Rights under Section 20 of Article III of the 1987 Charter states that “no person shall be imprisoned for debt.” This means it’s illegal for lenders and debt collectors to have you arrested or jailed for not being able to settle your debt, according to Atty.
Why did Speedy Cash deny me?
You don’t have enough regular income
If you don’t regularly have income from a job, unemployment or another benefit that appears in your bank account, you could be denied. You could also be denied if that amount is too small. Often, lenders require you to bring in at least $1,000 a month to qualify for a loan.
Can you cancel a speedy cash loan?
If you want to cancel and return your loan, send an email with “rescind” in the subject line to [email protected] and request that they withdraw the money from your account immediately.
Who owns Speedy Cash?
Speedy Cash is a member of the Community Financial Services Association. Speedy Cash is owned by Galt Ventures LLC. Speedy Cash owns and operates Rapid Cash. Rapid Cash is being sued in a class-action lawsuit in Carson City, Nevada on behalf of 16,000 people.
What is the difference between payday loan and installment loan?
Installment loans are a broad category that include mortgages car loans and other personal loans, and tend to be longer term and require credit checks. Payday loans are technically a type of installment loan, but with a much shorter payment term, higher interest rates, and no credit check required.
Does speedy cash report to credit bureaus?
Speedy Cash reports to credit bureaus in some states. Making on-time payments could improve your credit score, and late payments, missed payments, or other defaults on your account may also be reflected in your credit report.
How long does payday loans stay on credit report?
At that stage, the bad debt will almost certainly show up on your credit reports because most collectors furnish information to the credit reporting agencies. If that happens, it will stay in your credit file for seven years and be negatively factored into your credit scores.
Do I need good credit for a payday loan?
Payday lenders have few requirements for approval. Most don’t run a credit check or even require that the borrower has the means to repay the loan. All you typically need is identification, a bank account in relatively good standing and a steady paycheck.
Do installment loans hurt your credit?
Installment loans will not negatively affect your score as long as you are paying on time. That’s because when you first get a loan, credit agencies understand that the loan balance will be relatively high during the beginning of its lifetime.
How are installment loans usually repaid?
Installment loans are personal or commercial loans that borrowers must repay with regularly scheduled payments or installments. For each installment payment, the borrower repays a portion of the principal borrowed and also pays interest on the loan.
How long does an installment loan stay on your credit?
How long do installment loans stay on my credit report? On-time payments generally stay on your credit report for up to 10 years. Late payments, defaults and other negative marks often stay on your credit report for up to seven years.