I need cash fast.. But how?
"I need cash fast.. But how?"

Best cash lenders up to $2500 – 2017

Every once in a while you find yourself in the position where you have no money but need cash really fast. What to do? The answer is a short term loan.

A short term loan is a smaller loan (from $100 up to $2500) that in some cases have same-day deposit to your account. Perfect for when you really need cash fast.

We focus on one thing when we rank lenders: That you get approved for a loan. If you get denied, jump to next in the list. Even if you get a no it doesn’t mean every lender will return the same answer.

Personal loans

The alternative to a payday loan is a personal loan. Higher amounts and longer loan terms. The downside is longer payout times, because credit checks has to be made. Generally it takes longer then 24h from application to money in your account.

F.A.Q: Questions and Answers on Securing a Loan

Different people have different views regarding payday loans. You’ll, therefore, need to have basic facts as far as acquiring a payday loan is concerned so that you don’t get mixed up with different opinions out there.

What is a payday loan?
A payday loan (payday advance) is an easy short-term form of borrowing. Usually, people seek payday loans to meet their short-term financial obligations. Most popular are amounts between $500 and $1000. If you need to get cash fast, a payday loan is the right option.

What are the requirements for same day deposit?
The payout time can be as fast as the same day. To speed up things make sure your apply before 15 PM, that way if the lender deposits your money the same day you will also have them the same day you apply. Most lenders use ACH to transfer money to your account, but some transfer to credit cards. Please seek clarification from your lender.

What are the minimum requirements for one to qualify for a payday loan?

If you’re seeking for a payday loan, you must:

  • Be over 18 years of age
  • Be employed
  • Have a valid and active bank account
  • Have a monthly income of over $1,000

Credit score, does payday loan affect my fico score?
No. Generally, payday loan history is not captured in credit reports. However, some credit reporting agencies may collect your payday loan repayment history. And it’s most likely some lenders may want to get such reports when evaluating your creditworthiness for future loans.

Also, if you have an outstanding payday loan and it is sold to a debt collector by your lender; your debt collector may possibly report your debt to a major credit bureau. This may negatively impact your credit score.

What is the average repayment term?
Usually, most lenders will require you to settle your loan within 14 – 30 days. However, some lenders offer flexible repayment terms that requires borrowers to repay their loans in monthly instalments for a period of 5 – 10 months.

What is the maximum amount that I can borrow?
The amount you can borrow depends on a number of factors; your monthly income, repayment history, and your lender’s payday policy. However, most lenders offer payday advance in the range of $100 – $1,000.

Will my lender seek my credit history from major credit bureaus?
Your lender will not contact major agencies, but they always do some kind of credit checks like verifying your income.

Do I need a fax machine when applying for a payday loan?
It depends on your lender. Some lenders offer no fax applications, while others require that you access a fax machine

Can I qualify for a payday loan if I don’t have a credit rating?
Yes. You can still qualify for a payday loan. All you need is to have a monthly income of at least $1,000 and a valid bank account.