5 ways you can find the best online cash advance
Are you worried that you aren’t getting the lowest rates on your short-term loan? Do you wish someone would lend you more money? Is your credit score preventing you from getting the money that you need? If you answered “yes” to any of these questions, you probably aren’t receiving the best deal you could get.
Here are 5 simple ways you can get the best online cash advance:
1). The best cash advances are available online
Any storefront lender will charge you more in fees, guaranteed. In general, most storefront lenders are franchises. In order to use the mother company’s name, logo, and marketing materials, franchise owners must pay the franchise CEO large franchise fees. Franchise owners must also pay expensive overhead costs. Due to these and other factors, storefront lenders have to charge a customer more money in order to operate the business. Online direct lenders are independently owned and operated. The best online cash advances are funded by independent lenders because they can operate their businesses at a cheaper rate. Cheaper rates for them mean cheaper rates for you.
2). Do your research
All online lenders are not the same. Don’t chose to lend with the first company you click on. What does the website look like? Is the site encrypted? Are there multiple grammatical errors throughout the site? Be careful for scammers. If something doesn’t look right, it probably isn’t.
3). The best online cash advances don’t require credit checks
All fast cash companies depend on one thing from their borrowers: proof of income. Income is the number one factor in determining whether or not a borrower gets approved for a cash advance. The best online cash advance companies will not require credit checks. If a company you’re considering does require a credit check, consider other options. A credit score just isn’t necessary in order to qualify for the best online cash advances.
4). The best companies offer you a cash advance you can afford
If you make $1000 per month and a fast cash company offers you a $2000 loan due back in 2 weeks, there’s something wrong. No good lender will offer you a loan you can’t repay. The best online cash advance lenders will offer you a loan up to $2500 depending on your take home pay. Don’t fall into temptation and takeout a loan you know you can’t pay—the company offering you the money knows you won’t be able to make the payment and knows they can charge you expensive fees. This is called predatory lending.
5). The best online cash advances make the process easier
You shouldn’t have to jump through hoops in order to qualify for the best online cash advance. Any company that requires you to fax or mail in personal financial documents is asking too much. The entire online cash advance application/approval process should only take 5-10 minutes. The best online cash advance lenders want to make it easier for you. If something seems to take too long, or you find yourself anxious about when you’ll get the loan, it’s time to look into another company.