Review of the CashAdvance.com

Cashadvance.com

CashAdvance.com is one of the best online resources to obtain the fastest cash with short-term loan choices. Being a member of the ‘Online Lenders Alliance’ it follows strict rules and regulations for all financial processing with ethics, transparency, and integrity. Online Lenders Alliance (OLA) is a reputed organization representing the online financial industry dealing into loans and lending procedures. The organization ensures that all transactions and processing is accomplished staying in compliant to best industry practices and of course the code of conduct.

CashAdvance started its venture in the online lending industry in the year 1997 and since then it is striving to help consumers meet their financial requirements in case of emergencies and crisis. Over the period, it has gained a reputation of trust and excellence with a unique level of online security and customer satisfaction.

Rates and Terms

• Loan Amount: $100 to $1,000
• Interest Rate: 200% – 2,290%
• Loan Term: Variable
• Funding Time: 1to 2 business days

Highlights

• It is a short-term loan that is unsecured
• A very large network of lenders and investors
• Fast loan decisions and quick processing of applications
• Bad credit is also put into consideration
• Not available in few states like Georgia, New Jersey, New York, Maryland, Maine, Arizona, Pennsylvania, Arizona, and Vermont

Requirements for Eligibility

There are certain requirements to qualify for getting loans from CashAdvance.com. These eligibility criteria are:

• You should have a minimum age of 18 years
• You should have a monthly income of minimum $1000 after all deductions and taxes
• You should be a US citizen or permanent resident of the US
• You should have a valid and active bank account

Required Documents and Important Information for Verification:

• Personal details like phone number, email address, social security number, and birth date
• Your status of employment in proof along with the supporting documents
• Details of your checking account
• Documented proof of your monthly salary and your next date of payment

How Cash Advance Work

While using the website of CashAdvance.com, all you need to do is:

• Go to the home page of the website.
• Enter all the essential details including your loan amount, name, email address, and zip code.
• The website automatically scans the list of lenders and displays the list of perfectly matched lenders who can give you short-term loans.
• There is a variation in lenders depending on your state, zip code, and required loan amount.
• With the list of lenders, you will get information concerning the terms of payback encompassing your finance charges and APR.
• You then have to analyze, evaluate, and verify a perfect match for your requirement depending on your income, monthly budget, and your tenure of the loan amount.
• Once made the selection, send across an application.
• Once your application is approved, you will receive the loan amount directly to your bank account.

Pros and Cons of CashAdvance.com

Pros:

Some of the key advantages of CashAdvance.com are:

• There is a large network of lenders with smooth processing and transactions.
• The website maintains a high level of transparency, integrity, and reliability.
• The website features a Customer Resource Section that characterizes a sliding scale that displays a calculation of the potential APR based on the amount and length of the loan.
• Cash loans are very quick and efficient.
• If you meet all the eligibility criteria of CashAdvance.com, then this online tool also welcomes bad credit.

Cons:

Besides all the advantages, there are certain disadvantages of CashAdvance.com that includes:

• The loan is quick and flexible but there is a very high APR of around 1,564%
• The website at times does share your details and personal information with other lenders in the market