CashAdvance.com is basically a one-stop shop for short-term loans, where people are given access to a network of payday lenders who adhere to some of the best practices in the industry. People can select a lender from the company’s extensive network, send in their applications, and get all the information they need about their loan, including terms, conditions, and fees. CashAdvance claims that they are completely transparent about their business practices, and they also offer various resources relating to finance, technology, real estate, etc. The company offers loan amounts ranging anywhere from $100 to $1,000 or more, and claims to have helped millions of customers obtain cash advance loans each year.
Founded in 1997, CashAdvance helps individuals to apply for, and receive, quick payday and cash advance loans through their network of lenders, regardless of the customer’s credit score. From start to finish, the whole process takes as little as five minutes, with the funds being deposited into the customer’s checking account as early as the next business day. The company claims that it provides strong security measures to ensure that all personal information remains safe, including providing certifications through three different third-party vendors.
CashAdvance.com is very frank and forthright in advising all potential customers that cash advance loans should only be used for emergency purposes, and then only if they can be repaid very quickly. Basically, payday loans should not be considered a long-term financial solution, as many of these lenders charge enormous APRs that can range anywhere from 391% to 782%.
The reality is that most people who use cash advance loans ask for significantly higher amounts, and then carry them for much longer periods. CashAdvance.com tell their potential clients to always keep in mind that many of these lenders attach dreadful terms to their loans, so it’s very, very important that the customer exhaustively reviews all the conditions before submitting the application.