Cash Advance
Our Score
9.5
Cash Advance
Our Score
9.5info
12850 West 331 North Suite 60, Altamont, UT, 84401 USA
(800) 590-0078
Cash Advance
12850 West 331 North Suite 60, Altamont, UT, 84401 USA
(800) 590-0078
Our Score
9.5info

Cash Advance is a payday loan matching 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 applications 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 pick and choose the best loan rates once the application has been accepted, 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 - 30 Days
Approval Time:
3 - 5 Minutes
Funding Time:
24 Hours
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 application process takes between three to five minutes and can potentially provide a borrower with lending options within a half hour. Depending on the number of approvals, 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 within 24 hours. Automatic debit setup processed through the lender makes for easy repayment, an essential feature with such loans.

Cash Advance also provides information like 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 Case Advance network will still work with a potential borrower if they choose to.

  • Fast Application/Response Time

The application process for a short-term takes less than 10 minutes to complete and generally leads to responses within an hour of completing the application. It should be stressed that while the application 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 an application may not generate any interest from the companies in the network. However, if they wish to do business with a borrower, the borrower will know very quickly.

  • Varying Fees

A borrower who receives multiple offers through Cash Advance 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 pick and choose who they want to work with.

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 Apply

Before an applicant can get started on loan application with Cash Advance, they must meet the following eligibility criteria.

  • 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 application, 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. Applying for any loan, 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 applying.


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Our score is based off of
loan features, BBB
ratings, and complaint
data for this company.