What is CashAdvance.com?
Established in 1997, CashAdvance.com is an online matching service owned by Arrow Hawk, LLC. Its goal is to help people with any credit history to apply for payday loans through their trusted network of direct lenders. This website is a one-stop shop for online short-term loans, where customers can select a suitable lender from the extensive network, submit their application, and learn all the details about their loans: rates, terms, and conditions. CashAdvance claims to help millions of people receive quick loans every year. The company is also proud to be an active member of the Online Lenders Alliance (OLA), an organization that ensures its members be compliant with the best practices of lending. Besides, the company provides educational resources on its website that helps people make smart financial decisions.
|Loan types||Min.amount||Max.amount||Period||APR||Documents||Bad credit|
|Short-term loans||$100||$1000||Up to 12 months||Varies by lender||SSN||Yes|
Types of Cash Advance loans
CashAdvance.com claims to work with only the trusted and experienced lenders who comply with the best current practices.
The company helps to find the best cash advance loans. These loans are also referred to as short-term loans or payday loans. They are designed to help in an emergency situation, should be used only as a last resort option and repaid on a customer’s next payday.
Once a borrower completes his application and selects a lender, the money will be sent to his banking account as soon as the following business day.
Using this website is completely free and you can use the services of CashAdvance as often as you want.
The company offers loan amounts ranging from $100 to $1,000.
It’s important to understand that CashAdvance.com is not a lender and will not lend you the funds. They will not provide you with the terms, rates, and conditions. They do not know how much you will have to repay. They can say who will lend you the funds until you choose a lending company. They only mention that the APR can vary greatly depending on the lender, the APR, the loan duration, loan fees, penalties, renewals, and other factors.
The network includes different lenders. Some of them are operated by Indian tribes, while others are regulated by independent lenders. So it’s important to understand what laws your lender complies with.
In order to qualify for a loan with CashAdvance.com, an applicant must:
- Be employment for at least 90 days;
- Be 18 years of age or more;
- Be a legal citizen or resident of the U.S;
- Earn $1,000 or more per month;
- Hold a personal checking account;
- Have a home and work phone numbers and an email address.
An applicant will learn all the loan information after completing the request form. The lender will send him instructions and details including the APR and other fees. You are not obliged to accept the terms if you do not like them.
The company guarantees a quick and easy application process.
You just need to complete an online form and click the SUBMIT button. After that, your personal data will be shared with direct lenders in the network of CashAdvance. If you are matched with the lender, you will be transferred to the page where you can complete your request. If you are approved, the lender will contact you via email or phone you provided. If you accept a loan offer, you will receive your money as soon as the next business day.
Below you can find the documents and information you need to provide during application:
- Personal data including name, birthday, email address, home phone number, and social security number;
- Your employer’s name and work phone number;
- Monthly income and the next date you get paid;
- Banking account details
They mention that borrowers do not need to have a fax machine or printer at home. You may print out a loan agreement for your personal records but it is not obligatory.
Every lender in the network of CashAdvance has the specific loan repayment terms. So you should carefully review any loan offer made by the lender. Some lenders require that you pay back the funds on the day you get paid while others allow you to repay your loan in several installments over a specified period.
On average, the payments are scheduled and automatically withdrawn from your banking account (the one where the loan was deposited). If you feel that you will not be able to make a payment on a due date, you need to call your lender as soon as possible and ask whether you are allowed to extend a loan.
If you fail to pay off the funds and have not informed your lender that you will be late with the payment, the later most likely will refer your debt to a collection agency, which will negatively affect your credit score. CashAdvance does not make any decision on loan collection measures since it is not a lender but an intermediatory.
The company advises all potential borrowers that all short-term loans should only be used in emergency situations and should be paid off in time. Otherwise, you may be charged enormous APRs that can reach 780%.
You cannot make a timely payment, you may request a renewal of the loan. For this, you need to contact your lender before the due date. Extension policies are governed by current state laws and you’d better review the loan renewal options prior to signing your loan agreement. Remember that loan extension may carry additional fees that also vary by lender.
CashAdvance.com Bad Credit
According to the website, customers with a poor credit may also apply for short-term loans using this online matching service. Bankruptcy may become a reason for loan disapproval, however, fetting a cash advance with a bankruptcy is still possible.
Remember that CashAdvance does not check customers’ credit score but some lenders from its network may conduct a credit check in order to ensure that you will be able to repay your loan. Unlike other lenders, partners of this matching service usually do not conduct a credit check using the three major credit bureaus: Transunion, Experian, or Equifax.
Besides, if you fail with your loan repayment, the lender may report this failure to credit bureaus, which will negatively affect your credit score.
So, lenders from the network of CashAdvance accept bad credit, as long as borrowers comply with the applicant requirements.
Technical Characteristics of the Website
One of the benefits of CashAdvance.com is the advanced encryption level that it provides to all its clients. Using this service, you may be sure that all your personal and financial information are secure. This is a good thing especially if you are searching for a safe site which will never steal your personal and bank information.
Every loan request is secured with256 bit secured encryption verified by COMODO CA Limited. In addition, the left corner of the browser contains the information about the website’s owner – Arrow Hawk, LLC:
I’m quite satisfied with security measures used by this company. This is the most advanced security level an online service can provide.
A mobile version is essential for companies providing online services since more and more people prefer using mobile devices for applying. Fortunately, CashAdvance.com is mobile-friendly and can fully satisfy all your needs. Google tool confirmed that this mobile version is successful:
Using it, you can easily fill out an application at any place with the Internet access. The text is readable, the elements are enlarged. There is no scrolling or other inconveniences. Nothing distracts an applicant’s attention.
I was glad to see that CashAdvance.com is regularly tested by Norton antivirus so you may feel safe when visiting this website. The risk of getting infected with viruses is minimal.
Using antivirus programs is a prerogative of large and trusted websites so I was really happy to see a Norton icon on this website.
The Convenience of Using CashAdvance.com
You can apply for a cash advance through this website at any time without registration. However, if you plan to use the services of this company in the future, you can make your experience maximum convenient, You are offered to register in the Existing Customers box at the top of the front page. You need to enter your email address and password sent by the lender after your first request and you will find your next application is already completed. You need to simply review the details, update your next day you get paid and click the submit button.
In general, it is very simple to use CashAdvance.com. You only need to enter your full name, email address, zip code, choose the loan amount and you may start your application.
The loan request form is standard. During application, you need to provide your employer details, your SSN number, address and some other details.
Once you have completed your application, you will be offered a list of suitable lenders for your individual needs. Each of them will offer various terms, conditions, and rates. You need to choose the lender you like most. But if you do not like all of them, you may simply interrupt the process without any associated fees.
The whole process can be completed in about 5 minutes. I also like that the website provided a convenient loan calculator which can be used to learn approximate loan rates:
I think using this website you will have a positive experience since it is very easy to navigate. This site is well-designed and guarantees a fast approval.
Is CashAdvance.com Legit?
To ensure that CashAdvance.com is legitimate, I check its trust rating and background via ScamAdviser. According to the analysis results, this service looks safe to use and has a high trust rating – 97% out of 100. This is an excellent result!