- What exactly is a cash loan?
- What are the requirements for a loan?
- How do I get a cash loan?
- How long do I have to pay back the loan?
- How do I receive my cash?
- How quickly can I get my money?
- What hours is your service available?
- How do bank holidays affect my loan?
- How much money can I have advanced to me?
- What are the loan fees for the cash advance?
- What if I do not get approved by the lender you connected me with?
- What if I am not connected with a lender
- What if I only have a savings account?
- What if I have a fixed income or benefits?
- What if I do not have a driver’s license or state ID?
- Does your company do credit checks?
- Do I need to fax any information?
- What’s CashNow.com’s phone number?
- Who will see my information?
- What products or services will I receive offers for?
What exactly is a cash loan?
A cash loan is a small unsecured loan, usually for $500 to $10,000, which is designed to meet your financial needs until your next paycheck. Essentially, you are making out a check for the advanced loan amount, plus a fee, to be held until your next paycheck.
Cash loans are also known as cash advance, short term loans, cash advances, cash loans, fast cash, fast loans, deferred deposit, and a number of other things. No matter what you call them, cash loans may be able to help you meet your financial needs.
Rather than pay bank late charges or sell merchandise, cash personal loans are a fantastic way to cover yourself.
CashNow.com is here to help you find a loan. Your loan request will be reviewed by the lenders in our network and in other third-party lender networks that we use. If we can’t find a lender offering the kind of loan you requested, we may also help you find a lender offering a different kind of loan, such as an installment loan, if you meet the requirements for other kinds of loans.
Your loan request will be reviewed by the lenders in our network and in other third-party lender networks that we use. If a lender offers you a loan and you accept, you may be able to get your money deposited to your bank account as soon as the next business day.
If we are not able to find a lender that’s willing to offer you a loan, we may show you ads for other lenders or connect you with offers for debt relief, credit repair, or other credit-related products or services. This is not part of your loan request process. You are under no obligation to accept their offers and you should carefully review their offers to you and compare them to other options available to you before accepting.
What are the requirements for a loan?
The minimum requirements to complete the online form are:
- You must be at least 18 years of age
- Have a job (or other regular source of income)
- You must have an active open bank account
To be approved for a loan, you need to meet the requirements of the specific lender with whom you are connected. The lender will evaluate your request and determine whether you are eligible based on its own set of approval criteria. Factors such as income, direct deposit of your pay, past cash loan history and state of residence, may affect the approval of your loan.
If a lender chooses to offer you a loan, they will contact you directly and may ask for additional information so that they can finalize their offer to you. Lenders utilize proprietary criteria to evaluate each request and may choose to offer you a loan when your loan request information meets their criteria. Keep in mind that we are not a lender and we have no involvement in any credit decisions made by any lenders
In order to increase your chances of getting connected with a lender and ultimately approved for a loan, please be sure to fill out our online form with honest verifiable information. For example, entering a cell phone number instead of a home phone makes it more difficult to verify your information and many lenders will not accept requests that cannot be verified. We will show your information to the lenders in our network and in other third-party lender networks we use so they can choose whether to offer you a loan. Unfortunately there’s no guarantee that any will choose to offer you a loan.
How do I get a cash loan?
Simply complete the online form and submit it from our web site and we will attempt to connect you to a lender online within seconds.
If you are connected with a lender, you may be required to electronically sign and agree to the terms of the loan. However, there is no obligation to accept the loan. If you are not satisfied with the terms of the loan, simply do not sign it, and submit a request again to see if you can be connected with a different lender.
Typically the proceeds of your loan will be electronically deposited into your bank account by the lender the next business day. All payments are processed by your lender by electronic transfer from your bank account.
How long do I have to pay back the loan?
Your loan is normally due on your next pay date. However, some lenders may allow you to extend your loan by paying a fee. However, we highly recommend you always pay back your loan on time.
OIf a lender offers you a loan, they may ask you for additional information and will eventually direct you to their loan documents. Here you will find specific instructions as to what happens when your loan is due. Always review your loan offer and all the information provided to you by your lender very carefully to make sure you fully understand it and to help you compare it to all other options available to you.
You typically have the following options:
- Pay off the loan in full
- Renew the loan and pay interest and fees only
- Renew the loan and pay interest and part of the principal
Please contact your lender directly if you have repayment questions.
How do I receive my funds?
The cash loan / cash advance is wired directly into your bank account by your lender. CashNow.com works with a network of lenders, some of which can have money in your bank account in as little as 1 business day, if approved!
How quickly can I get my money?
Lenders typically process the loan immediately so that it will be available in your account as soon as the following business day after the loan is approved.
What hours is your service available?
You can submit a loan request 24 hours a day, every day of the year.
However, if a lender wants to offer you a loan, sometimes the lender’s procedures require additional verification which can only be done during normal business hours. Please keep in mind that the lenders can only electronically deposit money to your bank account on days when your bank is open.
You can submit your loan request to us at any time 24 hours a day 7 days a week. However, since we only connect you with lenders who are available to help you in real time you may be more likely to find a lender during normal business hours since not all lenders operate on weekends and holidays.
How do bank holidays affect my loan?
The following bank holidays are observed by Federal Banks and their branches:
- New Years Day
- Martin Luther King, Jr. Day
- Presidents Day
- Memorial Day
- Independence Day
- Labor Day
- Columbus Day
- Veterans Day
- Thanksgiving Day
- Christmas Day
For holidays that fall on Saturday, Federal Reserve Banks and branches are open the preceding Friday. For holidays that fall on Sunday, Federal Reserve Banks and branches are closed the following Monday.
If your loan is approved on a weekend or bank holiday, typically your funds will be sent the next business day. You should contact the lender directly to confirm when the money will be deposited and the ACH department of your bank to verify that the funds have been credited to your account.
How much money can I have advanced to me?
You can submit a loan request on CashNow.com for up to $10,000. If a lender chooses to offer you a loan, they may offer a loan for a smaller amount. If so, they may be willing to offer you the amount you originally requested once you establish a payment history with them. Keep in mind that we are not a lender and we are not involved in any credit decisions.
What are the loan fees for the cash advance?
CashNow.com is not a lender, therefore we do not know what the fees are the lender you are connected with will charge. You will need to review the loan agreement the lender presents you with, or contact the lender that provided you with the loan.
What if I do not get approved by the lender you connected me with?
CashNow.com works with a large network of lenders and with other third-party lender networks; however, we cannot guarantee that you will receive a loan offer. You can submit our loan request form again to see if lender is willing to offer you a loan at that time. However, lenders utilize proprietary criteria to evaluate your loan request information and may not offer loans to everyone. Keep in mind that we are not a lender and we are not involved in any credit decisions.
CashNow.com is not involved in the loan approval process and therefore we do not have knowledge of the status of your loan. Please contact your lender directly for loan approval status.
If for some reason a lender that offers you a loan does not approve your loan, you can submit our loan request form again to see if a different lender may offer you a loan.
What if I am not connected with a lender?
CashNow.com has a large network of lenders and also uses other third-party lender networks to get your information in front of even more lenders that may be willing to offer you a loan. However, we cannot guarantee that you will be offered a loan. If you do not receive a loan offer, here are a few suggestions to improve your chances if you chose to submit our loan request form again:
- Time of Day: Many lenders do not accept loan requests outside of normal business hours. You may want to submit a request during regular business hours – Monday through Friday 8 AM to 5 PM EST.
- Direct Deposit: Many lenders favor customers whose paycheck is directly deposited into their bank account by their employers. If you do not have direct deposit, please ask your employer to enroll you in their direct deposit program and then come back and submit a loan request.
- Outstanding Cash Loans: Many lenders will not issue cash loans if you have too many current loans outstanding. Once you have paid off your other loans, come back and submit a loan request.
If we are not able to find a lender that’s willing to offer you a loan, we may show you ads for other lenders or connect you with offers for debt relief, credit repair, or other credit-related products or services. This is not part of your loan request process. You are under no obligation to accept their offers and you should carefully review their offers to you and compare them to other options available to you before accepting.
What if I only have a savings account?
We have several lenders in our network that can lend you money even if you only have a savings account. Please contact your bank to get the routing number. This is needed in order to electronically transfer the loan funds to your account, if approved.
What if I have a fixed income or benefits?
As long as you have a steady stream of income, our lenders may be able to provide a loan to you. Enter your benefit provider as your Employer. If you do not have the telephone number of your benefit provider, enter your own telephone number. Enter the number of months you have been receiving benefits for the Months Employed.
What if I do not have a driver’s license or state ID?
If you do not have a driver’s license or a state ID, please enter your passport number or social security number.
Does your company do credit checks?
CashNow.com is not a lender and we do not perform any type of credit check. We try to connect you to a lender in our network. Most of our lenders do not do traditional credit checks, however, they may query various consumer databases, such as CL Verify, TeleTrack or DataX in order to verify your identity and review your past cash loan history.
Do I need to fax any information?
No, the loan request process does not require faxed documents. However, your lender may ask you to fax over certain information, such as a paystub, if they are unable to verify information on your request.
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Who will see my information?
First we show all the information you submit to the lenders in our direct network that have expressed an interest in making loans to consumers like you. If none of them want to pay us to be connected with you, we send all of your information to our extended network of non-lender third-party lender networks so they can try to find a lender in their network that is willing to pay us to be connected with you. All of the parties described above, and, in many cases, their service providers, will see all of your information to try to find or make you a loan.
After we try to connect you with a lender, we may show you other ads. If you click these ads, we may share your contact info with these advertisers so they can contact you about their products or services. We may also send you additional marketing communications. If so, the service providers we use for this marketing may see your contact information so facilitate this additional marketing to you.
Learn more in our Ad Disclosure and Privacy Policy.
What products or services will I receive offers for?
When you use our service, we first try to connect you with a lender, either through our direct network of lenders or through our extended network of lenders. Then we may show you additional ads or offers for lenders and/or other credit-related products or services like debt relief, credit repair, credit monitoring. You are also added to our marketing list and may receive additional marketing communications from lenders or these other credit-related providers.
Learn more in our Ad Disclosure.
