Cash Advance
Our Score
9.5
Cash Advance
Our Score
9.5info
278 East 1875 South Roosevelt, UT, 84066 USA
(800) 380-2274
Cash Advance
278 East 1875 South Roosevelt, UT, 84066 USA
(800) 380-2274
Our Score
9.5info

Cash Advance is a payday loan connecting service owned and governed by the Ute Indian tribe, Cash Advance acts as a referral service for potential borrowers looking for payday loan options. The company does this by taking the loan requests of potential borrowers and allowing a network of financial lenders to view and/or approve of them. In this way, Cash Advance offers potential borrowers the opportunity to find a loan that can work for them, while also offering lenders a chance to pick and choose the individuals they wish to do business with.

Loan Details

Below you will find the loan terms and details for Cash Advance:

Company:
Cash Advance
Min Loan Amount:
$100
Max Loan Amount:
$1,000
APR Range:
Up to 1,564%
Loan Term:
7 days – 12 months
Approval Time:
3 - 5 Minutes
Funding Time:
1 business day
Time in Business
21 years
BBB Rating*:
N/A
*The information displayed may not be current. For the most recent information, please visit http://www.bbb.org. This website/application is not sponsored, endorsed, owned by or affiliated with BBB. The BBB API and Icons are used with permission of the Council of Better Business Bureaus, Inc., Copyright 2016, All Rights Reserved.

General Background

Online lending companies have been steadily growing in popularity for the last decade, so it's only natural that companies offering short-term loans would grow as well. In this regard, Cash Advance does well by its customers. The loan request process takes between three to five minutes and can potentially connect a borrower to a lender. If the borrower was connected to a lender, a borrower also has the chance to read the loan details, such as the APR, terms and conditions before submitting a request for funds from the lender of choice. Upon approval, the requested funds should be directly deposited into the borrower's account in 1 business day. Automatic debit setup processed through the lender makes for easy repayment, an essential feature with such loans.

Cash Advance also provides information on loan terms, APR rates, and fees in the state a borrower resides in. While New York, West Virginia, Georgia, and Arkansas do not offer cash advance loans or other options for consumers, the remaining 46 states featured on the Cash Advance website list information regarding cash advance requirements and options.

Benefits

The benefits to using Cash Advance for a short-term loan include:

  • No Credit Score

Credit rating not so great? Not sure what it is? No problem. Lenders available through the Cash Advance network will still work with a potential borrower if they choose to.

  • Fast Loan Request/Response Time

The loan request process for a short-term loan takes less than 10 minutes to complete and generally leads to responses within an hour of completing the loan request form. It should be stressed that while the loan request process is fast, loan approval is not guaranteed. Since the lending companies have the option of picking and choosing who they want to do business with, it is possible a loan request may not generate any interest from the companies in the network. However, if they do wish to do business with a borrower, the borrower will know very quickly.

  • Varying Fees

A borrower who receives an offer through a lender in Cash Advance’s network has the option of reviewing the loan terms before engaging the lender's services. So while a borrower won't know the APR/fees of a loan until they get approved, they consequently get to decide if they want to move forward with the offer.

Safety

As a member of the Online Lenders Association (OLA), Cash Advance takes pride in abiding by a code of conduct, and lists its best practices to make sure customers receive fair treatment and remain fully informed. Personal information is kept safe and secure through encryption technology.

Requirements/How to Submit a Loan Request

Before a loan requester can get started on the loan request with Cash Advance, they must meet the following eligibility criteria. Please note that meeting these criteria does not mean that the loan requester will be connected to a lender.

  • Be at least 18 years old
  • Be a U.S. citizen
  • Have a current job, with an income of at least $1,000 per month after tax
  • Allow your employment to be verified
  • Possess a valid checking account
  • Possess a valid home and work phone number, as well as a valid email address

To complete the loan request, have the following information and documents ready.

Summary

As with most service referral systems, the appeal of Cash Advance rests in the variety of services it can provide. As mentioned earlier, lenders can pick who they want to work with, and borrowers can decide if the lender's terms suit their needs. However, due to the emergency nature of short-term loans, relying on a third party to introduce borrowers to lenders may not be appealing to some, particularly if the borrower resides in a state where short-term lenders can operate. If a lender operating on the corner offers faster service and a better business rate, why bother using a third-party website?

At the same time, individuals unfamiliar with short-term loans may take a degree of comfort in using Cash Advance's resources. Submitting a loan request, even a short-term one, can be intimidating for individuals inexperienced in financial matters. To be sure, any loan should not be entered into lightly. The borrower needs to assess their financial situation and learn all they can about how payday loans work before proceding.


Search By State
Best Payday Loans
Cash Advance
our score
Cash Advance
ACE Cash Express
our score
ACE Cash Express
Blue Trust Loans
our score
Blue Trust Loans
PaydaySpotter.com is an independent comparison service provider. Reasonable efforts have been made to maintain accurate information throughout our website; however, all information is presented without warranty or guarantee. PaydaySpotter.com may receive compensation from our partners, including, but not limited to, clicking on links and lead generation.
Our score is based off of
loan features, BBB
ratings, and complaint
data for this company.
Our score is based off of
loan features, BBB
ratings, and complaint
data for this company.