Tracking Company – MTI Horizon Tue, 19 Oct 2021 07:22:24 +0000 en-US hourly 1 Tracking Company – MTI Horizon 32 32 6 Best Cash Advance Online Services Of 2021 Tue, 19 Oct 2021 07:17:59 +0000

Big yikes! An unexpected event has occurred in your life, and you need cash, FAST. Perhaps your car has popped a tire, you need a bit of extra money instantly for a small expense, or you need something necessary but don’t have the cash.

So, what can you do? You may wish to consider cash-advance financial services. These help you get an advance on your upcoming compensation from your employment.

It is certainly going to require a bit of effort on your part, such as making a repayment plan (often done via recurring payments drawn from your bank account), but it can be a huge lifesaver if you need a quick burst of cash fast.

Bear in mind that these services are great if you just need a quick burst of cash for a relatively small expense. For example, you need a bit of extra borrow money for food or a fill-up on the ol’ gas tank.

Do not expect these advances to cover your big car repairs/home repairs. Some services do offer such a thing, but with the interest rates being as high as they are, you are better off looking for a personal loan if you have got an unexpected expense you need to cover.

In this article, we will discuss both services- let’s begin with our favorite cash-advances lenders.

Here are the Top  6 Cash Advance Agencies of 2021 with reviews!

Lending networks are great; you get to see what many lenders can offer you in terms of cash amounts and interest rates.

They offer a personal loan to borrowers who qualify. Each network works in tandem with a variety of lenders in the US to offer a variety of interest rates, amounts available for borrowing, and payback options.

Once you have answered a basic questionnaire- a prequalifying one at that- each lender partnered with that network will get a chance to earn your business.

Thus, you will be offered many loan offers that have a variety of terms. You can pick the one that makes the most sense to you.

#1. MoneyMutual


  • You can get up to $5000 in short-term loans
  • It is easy to compare the rates of many lenders
  • CT and NY customers are not eligible
  • 2 million happy customers and counting
  • The prequalifying form takes just 5 minutes to complete
  • Your borrow money is available in just 24 hours
  • Click here for the official site

Amounts Offered

$5,000 max

Interest Rates?


Terms of Loan


Example of Loan

Borrow $200 for 14 days, pay back $230 (391.07% Effective Annual Percentage Rate)

The great thing about MoneyMutual is that you do not pay any extra fees to gain free unlimited access to MoneyMutual’s lending network. This is because every lender must pay a referral cost to the MoneyMutual network for each loan closed.

This extensive network works with lenders that make their decision to lend in mere minutes, so there is no waiting with bated breath to see if you are eligible for a loan.

Upon qualification, you may get many loans offers up to $2500 sent right to your email. Once you have selected an offer that makes sense to you, the network sends you to the website of that lender, where the loan application is finished up, and you get your transfer money in just 24 hours.

=> Click here to get the best deals on MoneyMutual 



  • Feel free to use your loans for ANY reason
  • Monies are sent right to your bank cash account
  • Lending decisions happen in minutes
  • Loans range from $500 to $10,000
  • Click here to go to the official site

Amounts Offered

$500 to $10K

Interest Rates?

5.99% to 35.99%

Terms of Loan

3 Months-72 months

Example of Loan

Borrow $4,000 at a rate of 19% APR for 24 months: $201.63/month (Total repaid amount $4839.12)

CashUSA offers loans up to a whopping $10K with lightning-quick approval and loan payouts that happen in just a single business day.

And because this network accepts applications from folks with many credit union types, you could very well be approved even if other loan companies and credit card companies have turned you away.

To qualify, you have to be at least 18 years of age. You must be a permanent resident of the US or a US citizen.

In addition, you have to earn at least $1,000 a month after income tax, possess a bank cash account under your name where the funds can be sent, set up recurring payments, and offer home and work phone numbers. You must also have a working email address.

=> Click here to get the best deals on CashUSA



Amounts Offered

$250 to $5K

Interest Rates?


Terms of Loan


Example of Loan

Borrow $3000 at a 16% interest rate for 24 months- pay $146.89 per month; total amount repaid is $3,525.36

If you’ve got a bad credit score, we encourage you to check out CreditLoan. You can get up to $5K, and if you have an excellent credit score, you might be able to get up to $40,000 and have 72 months to pay it back.

That being said, you should know that they allow just one active loan at a time when using the network. So, if you’re already working to pay back one loan with them, don’t expect to get another personal loan until that one has been satisfied.

We really like because they’ve been around for over 20 years. They not only help people find loans that work for them, but they also educate them. They offer information about stuff that matters like financial technology company calculators, mortgage rate info, and other great tools that help you make sense of your money.

More than 33 million have at least learned from Credit Loans info, and 750K have borrowed funds with their help.

So, even if you are unsure about getting a loan, at least go here for the info. You’ll surely learn something valuable.

=> Click here to get the best deals on CreditLoan



  • Get a loan ranging from $500 to $10K
  • The prequalifying Form is easy; funding is fast
  • Lenders compete for YOUR business
  • Money gets to you next business day if you are approved
  • Click here to see the official website

If you have bad credit, you have to come to these guys for help. They are your best bet even if other lenders have told you there’s nothing they can do. They opened their doors in 1998 (digitally, of course) and have helped thousands of people with less-than-perfect credit get the funds they need, even if their credit history isn’t the best.

Mostly, you can expect small loans of $1500 or less to people with poor credit. In addition, you have to be at least 18 years of age, send in proof of citizenship (can be a Social Security Number or documentation of legal residency), evidence that you have a regular income (can be employment, self-employment, disability payments, government benefit, home, and work phone numbers, and possess a checking investment account under your name.

Amounts Offered

$500 to 10K

Interest Rates?

5.99& to 35.99%

Terms of Loan

3 months to 60 months

Example of Loan

$3000 borrowed at a 20% interest rate for 12 months; the monthly payment is $277.90, with the total amount paid as $3,334.80

=> Click here to get the best deals on BadCreditLoans



  • Loans are offered from $500 to $35K.
  • You can get your money in just 1 business day upon approval
  • Your loan may be used for any reason
  • Loan decisions are made quickly
  • A huge network of lenders- you’re sure to find someone to loan you some cash.
  • Click here to go to the official site.

Amounts Offered

$500 to $35K

Interest Rates?

5.99% to 35.99%

Terms of Loan

3 months to 72 months

Example of Loan

$5,000 loan with a 15% interest rate for 24 months; the monthly payment is $242.43, with the total repayment amount being $5,818.32. works with lenders who specialize in giving loans out to those with bad credit. Make sure that you understand what you’re getting into- that these loans are often saddled with a high-interest rate because of the risks associated with lending.

This network can loan you up to $35,000, but that’s likely only going to be for those of you with excellent or good credit.

The interest rates can be as high as 35.99%, so make sure you borrow only what you need and for a good reason. You can use your money for any reason, but don’t borrow it for frivolous purposes.

=> Click here to get the best deals on PersonalLoans



  • Loans range from $100 to $1K
  • You’ll have access to a massive network of lenders
  • Funding will hit your account the next business day in most cases
  • Approval happens in minutes
  • Click here to see the official site

Amounts Offered

$100 to $1K

Interest Rates?

200% to 2290%

Terms of Loan


Example of Loan

Borrow $200 for 14 days; pay back $230 in total (391.07% APR)

This service connects people who need a payday loan to lenders in their general area that can offer them extremely short-term loans of two weeks to 30 days. These loans can help you fill in the gaps along the way to your next paycheck early, but they become expensive FAST if you do not pay back the loan when specified.

Your loan is going to be high- with this company, in the 200%, and up range. If you do not pay the loan on time, it will become an even bigger problem thanks to the money you will be paying in interest. A loan of just a few hundred bucks can easily become a few thousand in just months. So, use extreme caution when taking out this type of loan.

=> Click here to get the best deals on CashAdvance

Top Cash Advance Apps

Now, let’s explore five great apps that offer eligible workers the chance to get an advance on their upcoming checks. Loans are given out in amounts ranging from $100 to $500. The eligibility for these loans will vary from one app to the next. But they are a great alternative to payday loans.

So, let’s get into it.

Wish you could just get paid as you work instead of only on payday personal loans? Earnin could be your answer. This handy app lets you open an account, link the timesheet for your work to your checking account, and enjoy small salary advances before payday personal loans hits.

You can pay the amount that makes sense to you. New users have to begin with just a $100 limit, and over time, you can earn your way up to a $500 advance.

One thing we like is the extra features included. For example, the Balance Shield Alert. This lets you know when your account goes below a certain amount. If you opt-in to the feature, the app will send up to $100 to your account if it gets below $100.  Bear in mind this counts against your borrowing limits.

You can use this handy feature for free just once. When setting it up, the app encourages you to leave a tip for the service. If you do not set one up, it protects you just once. To use it on a recurring basis costs just $1.50 at minimum, but the alerts about your account balance are free.

Here we have an app you can consider if you have reached the end of your options and you do not care to use a payday loan.

This online lender- Possible- makes small loans using its handy app. If you have got bad credit or no credit, you can get up to $500, but these loans are only given to people in a small total of 7 states.

They bill themselves as an alternative to a regular payday loan, and it is certainly got its benefits. For example, you get 8 weeks to pay back the loan instead of having to pay back the whole thing at your next paycheck.

And unlike a payday loan, Possible reports your loan payments to the three main credit bureaus- TransUnion, Equifax, and Experian. Thus, making your payments on time can help you boost your credit score.

Approval happens in a matter of minutes, and you can do it all right on the app. There have been over a million consumers that have used Possible to get that extra money they need.

Plus, they use your regular pay schedule and your work history to approve/deny loan applications.

Dave is that app that features a bear as its logo- you might have seen their ads on TV or YouTube. It is backed by musician Diplo and famous entrepreneur Mark Cuban. But what does it do for consumers’ dave spending account?

In essence, this app is all about helping the average Joe beat overdraft fees. They provide small cash advances that are fee-free and interest-rate-free so you can stay afloat until your next paycheck comes in.

You connect your debit card to the app, and you can take advantage of a small advance up to $100. This is not going to cover huge expenses or gaps, but it is going to help you avoid overdraft fees that are greater than the overdrawn amount.

You simply repay the advance automatically upon getting your next paycheck. From there, you can use the Dave app again if you need it.

Of course, you should not make this a habit- Dave is meant for emergencies or unexpected small expenses. Granted, they do not charge fees, but it is best to find other ways to get the money you need, such as working extra hours or picking up a side gig for a bit of extra money.

That being said, the app is incredibly helpful and only costs $1 a month.

Some of the apps today are employee-centric; they help workers gain access to their wages as they earn them. This Even app is aimed at both employers and employees. It takes into account how financial wellness benefits both of these groups.

If you work for a qualifying employer, you could get up to 50% of your paycheck ahead of time, based upon the hours you’ve already put in. The precise amount you will be eligible for will vary, but the app tells you how much you can borrow.

The fee for this service is $8 a month, and you can get your money in just one business day. At Walmart stores, you can pick up actual cash.

Repayments are debited from your bank accounts or next paycheck. You can simply look to the Instapay section of the Even app to know where the repayment is going to be drawn.

The service is excellent because there are no interest charges on the advances, nor do you have to pay a tip. It is also a great app to use for budgeting and saving so that you can enjoy better financial health.

The helpful Brigit app offers the user small loans of $250 and under, plus it gives you a budgeting tool to work with. It takes into account your spending patterns, and if you opt for the Plus membership, you can enjoy some money advances if it believes you are close to overdrafting your bank accounts.

Keep in mind that Brigit charges $10 a month for the bulk of its services, and not everybody will qualify. It is also not available if you have a joint checking account.

It works with over 6,000 credit unions and banks, but not Capital One, NetSpend, or Chime. You also have to meet their scoring requirements to qualify for the service. A score of 70 and up is required, and your score is based on banking, spending, and income.

It is a pretty good alternative to a payday loan. The repayments for the advances are made by withdrawing funds from your bank accounts the next time you have a regularly scheduled direct deposit express.

They issue a reminder about it one business day in advance, and if you cannot afford a payment, they may also offer you an extension with no penalties or fees.

Cash Advances: What Is It?

This financial service, which is quite popular among consumers, is a product that lets you get some quick cash between your paychecks with a loan. This is not an installment loan where you pay over a few months. Instead, you will pay the whole thing back at your next paycheck.

These sorts of loans are sometimes called “payday advances” or “payday loans.” It is most often referred to as a payday loan, and you can find them all over the place, even at brick-and-mortar locations in most cities.

These loans usually do not require a credit check. But they do take a look at your regular income to figure out your eligibility for the loan. Most consumers that apply end up qualifying, but it doesn’t mean you should take the loan, no questions asked.

After all, the payday loan may include ridiculously high fees and an elevated interest rate that could reach into the triple or even quadruple digits.

As a matter of fact, the interest rates associated with a payday loan have become so outlandish that some government offices have set forth rules and regulations that ban these sorts of loans or place limits on how much borrowers can be charged.

This comes after the hundreds and thousands of horror stories about payday loans- we’re talking cases where a few hundred were borrowed, and thousands ended up being owed. This is why it’s likely that payday loan services may be banned in your state.

How does the debt grow so quickly? Well, it is all in how the loans are structured. A Payday loan requires that they be repaid in 15-30 days max. If you can’t make the full payment, the lender will administer a fee and then roll the debt into a new loan with an even higher interest rate.

The lender is going to continue doing this every two weeks, and each time, they add on new fees and higher interest. These loans are meant to be an absolute last resort- when you cannot borrow from a friend or family member, sell things you don’t need, or work an extra few hours/ a side gig to earn the money you need.

You can use other cash-advance options that feature far more affordable rates, and they are usually accessible right on your smartphone.

You would do best looking at online startup banks and the mobile apps that go with them. You can link these banks right to your checking account, where you get your usual direct deposit.

The app figures out your eligibility based upon your spending habits and income and could offer you up to $250 in cash-advance services every pay period and with no extra charges.

You will have to accept an agreement that lets the app draw the repayment from your checking account upon the next direct paycheck deposit funds depending on the qualifications. This will let you gain access to your wages early, even before payday happens, and you won’t pay high fees if any are assessed at all.

Earnin is one of the top dogs when it comes to payday personal loans apps, and their stats show it. There are millions of downloads and plenty of users actively utilizing the platform. So, if you need payday personal loans advances that are fair and affordable, check out Earnin or any of the apps listed above.

So… What Exactly Is an App?

An app is a nickname for “software application.” You download them on your smartphone and get access to a program or site right from your phone. Chances are you have ones for things you enjoy, such as YouTube, social media accounts, or your favorite online stores.

Apps may also come with your smartphones, such as the clock, calculator, and calendar features that are standard on all smart devices.

Most of these apps are sold on the device’s app store. For Android users, you would use the Google Play Store to get your apps. Meanwhile, the Apple App store is where iOS users go. Some apps are free to download. Others will cost to use or charge you recurring fees to use the services; for example, the app Dave costs $1 a month.

The good news is that there are millions of apps when it comes to managing your finances. They can help you build and stick to a budget, repair your credit, or provide small cash advances.

The way to find an app that makes sense to you is to take a look at the developer of the app before you download it. Most apps are tested and improved before being offered to consumers, but some aren’t. So, make sure you read over what data they take and what other customers thought about the app before downloading it.

Do not access financial apps on public Wi-fi. This is a huge security risk, with hackers on these networks ready and waiting to swoop in and take personal information such as password and username as it is being used on the network.

Apps are here to make our lives easier. So, don’t feel nervous about using them- just play it safe and use common sense when utilizing these services.

How Do Cash Advances Apps Work?

We’ve noticed a trend in financial software- that is, the ability to link one’s bank accounts with a cash advances app and get services and products based upon one’s income and spending patterns.

The bulk of these apps provide cash advances for free to their users. The app takes a look at your direct deposit, bills, and spending habits to determine whether or not you have the money to pay back the advance. This is how they qualify you for such a service.

If you end up qualifying, most apps will put the cash advances right into your bank accounts in mere minutes. The app then draws the amount borrowed from your linked account once the next direct deposit hits the payday advance app.

This is a far more affordable and user-friendly way of getting a bit of extra cash before payday hits, without the astronomically high-interest charges.

The apps do place a limit on how much you can borrow. Many start you off at $100, and you can gradually work your way up to borrowing more.

Some apps also function as an online banking institution that helps users get their direct deposits, perform all financial transactions, and even get free cash advances services without having to step foot in a physical branch.

Many are still wondering how they can offer such excellent services at low prices. Most of these businesses offer their services at below market value to promote their other and more profitable offerings.

For instance, an app could offer you cash advances, but only if you sign up for a bank account that incurs regular fees for using it. Or you can get free cash advances by using a debit card that comes with a small recurring fee for its use.

Most of the time, these apps do not charge hidden fees, but you should read over everything carefully and understand exactly what it is you are signing up for.

If this does not sound right for you, just go with one of the lending networks we discussed earlier in the article. You will incur interest, but you will have access to more money, and you can pay it back in installments.  Plus, since these lenders report to major credit bureaus, you can improve your credit rating also.

How Much of An Advance Can I Get from My Paycheck?

This is going to depend on what service you go with. Most payday loan apps offer up to $250 for each pay period. Then, the amount is withdrawn from your account upon the next paycheck that is direct-deposited.

Some of these apps may offer you a larger cash advances amount once you have proven you can handle the repayments. For instance, Earnin could get you up to $500 per pay period.

There aren’t any industry-standard limits when it comes to traditional loans payday. Instead, the lenders will figure out if you qualify based on spending patterns and income. Most are willing to offer you more money because it means you will pay more in interest.

It is for this reason many experts question the ethics of payday. Laws exist to put a damper on their huge fees, but these lenders still live on thanks to their low-income customers who have bad credit that cannot get a loan elsewhere.

You might also turn to bad credit personal loans if you need a large amount of money but don’t have great credit. If qualified, you can get a loan up to $15,000, depending on what lender you choose and their eligibility criteria. Also, you can pay this back in monthly maintenance fees installments, not a lump sump.

Do Cash Advances Apps Use Your Credit Score?

Most of the apps we have discussed today DO NOT make use of a credit check, nor do they look at FICO scores as a means of determining one’s qualification.

Instead, the app links to your bank accounts and looks at one’s financial history instead. Direct deposits, bills, and spending habits are all used to see if you meet eligibility requirements.

If qualified, the app processes and then deposits the loan into the bank account you linked. Most apps will get you your money the next business day, but it all depends on the app used.

Take Possible, for example. They can get your money to you in a matter of minutes. However, they have interest rates in the triple digits. One example loan from their site indicated that a $200 payday loan had a 151% APR and an 8-week window for repayment, which would cost $230 once all was said and done.

It might not sound too bad in that example, but you should look around at other online lenders. They can offer you better interest rates, higher loan amounts, and a longer time to repay the borrowed funds.

Take, for example. They can get you $500 even if you have bad credit, and you can use three months or longer to repay the debt at a max of 35.99% interest. This may be easier for some than paying it all back at one time.

However, CashUSA and other similar services require a credit check. So, if you have bad or no credit, look for a lender that is OK with bad credit. is one such company that works with bad-credit borrowers.

What Fees Come with Payday Advance Apps?

First and foremost, you should know about the interest rates that come with payday advance loans. This is what they charge for borrowing money. These charges compound on a monthly/annual basis and show up as a percentage.

A 15% interest rate will charge 15% of the amount borrowed annually, and it will be spread out into 12 payments you pay back each month.

Most payday requires you to pay them back in a lump sum and not over monthly installments. This is good because you do not need to worry about interest payments, but you do have to contend with the huge interest charge that is placed on these short-term loans.

Other charges you might see include an early repayment fee, origination fee, or processing fee. And if your bank declined the loan repayment due to insufficient funds, you are likely going to face an overdraft fee as well.

Make sure to check with the lender before you sign any loan agreement or contract. You should know the total cost of your loan and any fees they will impose. Even if it is an emergency, you might find that the loan is simply not worth it. As always, try to find other ways of making money before turning to payday loans.

How Long Until I Get My Money in my Bank Account?

For most of these services, you will get the money you borrowed in just a single business day. But, of course, you must complete your loan paperwork at the appropriate time, too.

If you apply late Friday evening, for example, your money probably will not come in until Monday or Tuesday. Some lenders might even send your money out the same day if the loan application is completed early that business day. But every lender is different.

The usual brick-and-mortar payday lenders can cut a check the moment you are approved. However, online lenders might be slower because there are no physical pickup spots borrowers can go visit to retrieve a check, for example.

Some apps specializing in cash advances have services that send money right to your bank account in minutes with a payday advance app. However, if you opt for a lending service that does not offer local pick up or use a bank account, you are going to be waiting it out over the usual processing times to get your funds.

If you need money and need it now, the best thing to do is apply for cash advance loans using a cash app on a weekday. This way, the lender has lots of time to get that loan processed, and you can get your funds in your linked bank account in no time at all.

Conclusion: Helpful Between Paychecks

Going to work is a good thing; we are contributing to the betterment of society, and we feel good about ourselves for putting in a hard day at work.

That being said, things get hairy when you need money fast, and you have to wait a week or two weeks to get paid again.

If you are in a tough spot and you need your own money right away, take a look at any of the lending networks or cash-payday advance apps above for some ideas. These companies are great at offering short-term loans that will carry you to payday.

Best of all, they can help you avoid unethical lending practices commonly associated with payday loans and help you keep more of that hard-earned money.

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What Is a Cash Advance? Tue, 19 Oct 2021 07:17:52 +0000 If you’ve ever needed money quickly, then you understand how stressful it can be. No one likes to have financial obligations they don’t know how. Many turn to a cash advance for financing. These are short-term loans and don’t require any credit check. Cash advances don’t always work as well as they sound. In some cases, cash advances can actually worsen an already difficult economic situation

How do I know when it is worth considering a cash advance? This guide will teach you about the benefits and drawbacks of cash advances so that you can make an informed decision on whether you should get one.

Editor’s note Use the questionnaire below for our vendor partners to contact you about your requirements.

What is cash advance?

A cash advance is a special type of short-term loan which you can obtain at an ATM, bank branch or with your eligible credit card. Cash advances aren’t available to all credit cards.

Andrew Schrage (co-founder and CEO Money Crashers) said, “A cash loan is basically when you borrow money with your credit card and pay an exorbitant rate of interest upon repayment.” “It is also possible to qualify as a cash advance in certain circumstances, which, in some ways, acts in the identical way, although not entirely.”

Cash advances are a great way to borrow money quickly but can be costly. These cash advances often have a higher than average interest rate, typically around 25% to 25%.

What is a Cash Advance?

Cash advances can be made from your credit card in a variety of ways.

  • In person Your credit card can be presented to your bank for a cash advance request.
  • An ATM: To withdraw cash, you will need to enter your PIN. ATMs can only withdraw a certain amount of money. If you do not have a credit-card PIN, you can call your credit union to obtain one.
  • With Convenience Checks: Many credit cards include checks you can write yourself and cash that you can deposit into your bank accounts.

Cash advance fees vary depending on how long you hold a balance and the APR. Here’s an example for $300 cash advance. Assuming you pay it off next month, this is the cost. Be aware that the fee is higher if you carry a larger balance.

The $300 cash advance cost is $98.72. If you withdraw the money at a 3:50 ATM rate and pay the cash advance back in one month, the total cost will come to $98.72. These fees will continue to increase every month you have a remaining balance.

What are some of the pros and cons to a cash advance?

Pros and cons of cash advances

Although cash advances aren’t the cheapest method of accessing funding, there are some advantages to this type.

  1. Ease and accessibility. The exorbitant price of a cash advance is due to its simplicity. Schrage stated that there are very few steps involved in this process. “The only requirement for cash advances is that the credit card you request one from offers cash advances. There is rarely a credit check. This makes cash advance a flexible source of financing that is very accessible to individuals.
  2. Fast funding. No need to wait days before you find out if cash advances have been approved. You don’t then have to wait until the money arrives in your bank account. Cash advances offer a faster funding process, which can be important if money is needed immediately.
  3. Freedom to use. Cash advances don’t have any restrictions. A cash advance allows you to access the money to pay for payroll or pursue growth.

Cons of cash advance

Cash advances can be quick to get and they are often flexible to repay. However, there are negatives as well.

  1. They can have high fees. You’ll be charged a steep interest rate for cash advances. Cash advances APRs are often higher than 25%. Each cash advance earns interest from the moment it is made.
  2. Interest doesn’t stop. A large credit card bill payment does not guarantee that you’ll repay your cash advance. If a lower-interest credit balance is paid off prior to a cash loan, it could still accrue an excessive interest rate. This can happen even after making significant credit card payments. If you have a $500 credit card balance and take a $100 cash loan, you will pay off the $500 first before any payments are applied to the $100 higher-interest cash loan.
  3. Alternatives. The overwhelming advice from the experts we spoke to? Avoid taking a cash advance unless that is your only option. Schrage said, “Your best option is to avoid the need for a payday loan at all costs.” “You can borrow money from a relative or friend [or] obtain a personal mortgage.”

Schrage suggested that you pull more money from your account than your balance, if you’re in desperate need. “While this is not ideal because you will pay a charge, it is usually less expensive in the long term, since there would be no interest.”

Can a cash loan be bad for my credit?

Cash advances don’t require a credit review, so they aren’t likely to impact your credit rating. Credit utilization rates play a large role in your credit score. Your credit utilization is the ratio between your total credit limit and outstanding credit balance. Experts recommend keeping credit utilization under 30%. 70% of your credit limit should be available at all time. Due to the fact that cash advances take a percentage of your credit limit and can negatively impact your credit score, you should not withdraw excessively.

Crediful’s CEO Chane Sterner said that the dangers of cash advances often include revolving utilization debt. “You borrow against your bank check or credit card. However, due to the high interest rates it takes to pay this back. This can often require you to take out another advance. This is a slippery slope for debt.

What alternatives exist to cash advances

Cash advances shouldn’t be used as a last-resort option because of the high risk involved. Here are some other options to explore before applying for a cash advance in your small business.

  • Get personal cash loans. If you have the ability to repay your credit card, you might be eligible for a personal loan from one of many banks or financial institutions.
  • Start saving for the future. You will do better dipping into your savings if you decide to take out cash advances.
  • Sell assets. One alternative to taking out an advanced is to sell items of worth for cash. You can, for example, sell jewelry or clothing online. If you have other transportation options you can use, you could also sell a car or bike.
  • Reach out to friends and family. You don’t want to borrow any money. However, if cash advances are being taken, you may call family members or friends to find out if they’ll lend you the money. You could also ask friends to lend you small amounts of money until reaching your goal.
  • Use your debit card.
  • Get peer-to–peer financing. People can borrow money directly through investors rather than going through financial institutions.

A small-business loan can be a good alternative to cash advances. They come in a range of terms, and often offer lower interest rates as cash advances. The following are the top small business loan options that we discovered through our research:

SBG Funding

SBG Funding offers alternative lenders that offer various funding options including term loans as well as lines of credit and equipment finance. Flexible terms with loan sizes of up to $5 million are possible. SBG has fast funding and rates that are competitive.

Noble Funding

This lender has decades of industry experience. The company is quick to respond and allows you to apply online. It offers short-term bridge loan, long-term loans, and asset-based loans. Noble Funding’s comprehensive review revealed fast turnaround times as well as competitive rates. It has a solid reputation among its clients, current and past.

Fora Financial

Fora Financial is able to provide short-term loans in excess of $500,000 for small businesses. This alternative lender is trusted for their flexibility in payment terms, offering discounts if your loan is paid off early, and not requiring collateral. Fora Financial was analyzed and found that there were no restrictions on what the money can be used for. It is also willing to work alongside borrowers with less credit.

Rapid Finance

Rapid Finance will provide your company with fast funding. Your money will be in your bank account as soon as your approval is granted. Rapid Finance allows you to draw on a variety loans products, including short-term bridge loans and lines of credit, small business loans, and merchant cash advance. Rapid Finance doesn’t overcharge interest, but it does take into account your credit score.

Cash advance fees

Cash advances are quick and easy to obtain. However, you must pay for the convenience with fees. Cash advance fees could be charged per transaction or as a percentage of your total cash. Some banks either deduct the cash advances fee directly from your money or charge you once you receive the advance. These cash advance charges are generally included:

  • APR on cash advance: This sum is what your credit card company charges in order to fund the cash advance. The APR charged for cash advance is usually more than you pay for regular purchases.
  • Cash advance fee The fee for getting a cash loan is usually 3%-5% of the amount.
  • ATM charges: If cash is taken from a card with an ATM, a separate fee may be charged.

Cash advances as a last-resort

Cash advances are expensive and can lead you into high-interest debt. Avoiding a cash loan is the best way to go. If you find yourself in an immediate financial crisis and there is no other option, a cash advance might be the best way to help. If you’re sure you can afford it, you should only take a cash advance.

It should be used as a tool and not as a necessity. If you cannot live without high-interest financing like cash advances, it may be time for you to question your business model. You may want to reevaluate the way you run your business, and not take on debt.

FAQs regarding cash advances

What is a Cash Advance?

One example of a cash advance would be when you visit an ATM to withdraw cash from your credit card business using a pin. For cash advances, you will normally be charged an ATM/credit card fee.

How is a cash loan repaid

Cash advances are automatically charged to your credit cards monthly. The less interest you accrue, the faster you pay it back.

What is the payday loan?

A payday loan works in the same way as a cash advance. The only difference is what you’re borrowing against. Payday loans work on your future income. Cash advances are dependent on your credit limits.

Steiner explained, “A payday loan” is a type if cash advance that borrows against the income of your expected pay. They are approved quickly and without taking into account credit scores.

Payday Loans are the personal equivalent to the merchant cash advance type of funding.

What is a merchant-cashed advance?

Merchant cash advances will be calculated on the future income of your company. A merchant cash advance of $20,000 from a lender would allow you to repay the advance by remunerating a portion of your monthly revenues until it is fully repaid – plus any fees.

Merchant cash advances are expensive and require proof of income to be approved. A cash advance is a simpler solution if you are willing pay the price.

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Best Cash Advance Credit Cards for 2021 Tue, 19 Oct 2021 07:12:07 +0000

As a rule, taking a cash advance against your credit card is not the best way to get cash on short notice. Nearly all lending institutions charge a combination of high fees and high interest rates on cash advances. It’s a practice best avoided unless it’s absolutely necessary. But if you occasionally need to take advantage of cash advances, below is a list of the best credit cards to use.

Before we get into our list, we need to disclose that the number of credit cards offering any type of price advantage on cash advances is extremely limited. Most credit card lenders prefer to discourage cash advances since they are seen as a potential indication of financial distress. As a result, they charge higher fees for cash advances than other types of credit card transactions.

For example, credit cards typically charge the higher of $10 or 5% of the cash advance. As well, there’s a higher APR on cash advances. This will typically be in a 26% to 28% range, which is only a couple of points below the penalty APRs (usually 29.99%) charged by most card issuers.

In compiling our list, our criteria include credit card issuers that either charge lower cash advance fees, lower cash advance APRs, or both. But the benefit of the lower cash advance pricing must be weighed against the other benefits offered by each credit card.

With that information in mind, here is our list of the best cash advance credit cards.

Best Cash Advance Credit Card: DCU Visa Platinum

DCU Visa Platinum topped our list because not only does the card not charge a cash advance fee on the amount of the advance, but they also don’t increase your interest rate on the advanced proceeds. In fact, DCU charges the same interest rate on cash advances as they do for balance transfers and purchases. And that rate range is one of the lowest in the credit card industry to begin with.

The practice of not charging cash advance fees – or even balance transfer fees for that matter – is more common among credit unions than it is among banks. But just in case your local credit union doesn’t offer no-cost cash advances, you can open an account with DCU.

Even though the credit union is based in New England, you can sign up for an account from anywhere in the U.S. You’ll need to open a checking account to get a credit card, but it’ll be well worth it if you’re a frequent user of cash advances.

Just be aware that the card doesn’t come with many of the other benefits of other major credit cards. For example, there is no sign-up bonus, no ongoing rewards, and no 0% introductory APR.

Runner Up For Best Cash Advance Credit Card: Capital One QuicksilverOne Rewards

Capital One QuicksilverOne Rewards is our runner up, primarily because the cash advance APR is the same as it is for purchases and balance transfers. There’s no premium APR assigned to cash advances. The card does charge a cash advance fee, but it’s at the lower end of the range for major credit card companies.

But this card didn’t take second place just because of its more relaxed cash advance fee structure. The card comes with unlimited cash back on all purchases, as well as a very low annual fee. All that’s packed into a credit card that’s designed for those with average credit, and that’s why we like this card.

Best Cash Advance Credit Card Best for
DCU Visa Platinum No extra cost for a cash advance
Capital One QuicksilverOne Rewards Average credit
Capital One Venture Rewards Card Reasonable cash advance APR with very generous sign on bonus and rewards
Bank of America Cash Rewards Reasonable cash advance fee structure with generous 0% introductory APR
BankAmericard Reasonable cash advance fee structure with no penalty APR
Blue Cash Everyday® Card from American Express Frequent shoppers

Best Cash Advance Credit Cards

1. DCU Visa Platinum

Best for: No extra cost for cash advances.

DCU Visa Platinum is the perfect credit card if you want a no-cost cash advance. The card has a lot of compelling features and the no-cost cash advance is only one of them. As we mentioned earlier, you’ll need to open a checking account to apply for a credit card, but there are plenty of benefits with the card if you do.

For example, whether you make a purchase, a balance transfer, or a cash advance, there are no fees and no increased APR. DCU also offers two other no-fee cash advance credit cards, though they come with higher regular interest rates.

DCU Visa Platinum card features:

  • Cash advance fee: None
  • Cash advance APR: the same as the regular APR
  • Regular APR: Up to 18% variable APR
  • Annual fee: None
  • Sign-up bonus: None
  • Rewards: None
  • 0% introductory APR: None

2. Capital One QuicksilverOne Rewards

Best for: Average credit.

The Capital One QuicksilverOne Cash Rewards Credit Card takes our Number 2 spot because while they have a standard low-end cash advance fee of the higher of $10 or 3% of the advance taken, they don’t charge a higher rate on the cash advance balance. And what really makes this card attractive is that it’s available for those with average credit.

The favorable cash advance fee structure aside, the card comes with a very low annual fee of just $39 and provides unlimited 1.5% cash back on all purchases.

Capital One QuicksilverOne Rewards card features:

  • Cash advance fee: $10 or 3% of the amount of the advance, whichever is higher
  • Cash advance APR: the same as the regular APR
  • Regular APR: 26.99% variable APR
  • Annual fee: $39
  • Sign-up bonus: None
  • Rewards: Unlimited 1.5% cash back on all purchases
  • 0% introductory APR: None

3. Capital One Venture Rewards Card

Best for: Reasonable cash advance APR with very generous sign on bonus and rewards.

The Capital One Venture Rewards Credit Card has the same cash advance fee structure as the Capital One QuicksilverOne Rewards card. And though it technically doesn’t have a higher APR for cash advances, it nonetheless charges the highest regular APR possible on those transactions.

Because of the sign-up bonus and the ongoing rewards, we were tempted to put this card in second place. That’s particularly true since both the bonus and the rewards are among the best in the industry. But the card does require excellent credit, which puts it a notch below its sister card, at least as far as cash advances are concerned.

Put another way, this is an excellent credit card to have if you never plan to do a cash advance. And a reasonable one if you do.

Capital One Venture Rewards Card features:

  • Cash advance fee: $10 or 3% of the amount of the advance, whichever is higher
  • Cash advance APR: 24.49% variable APR
  • Regular APR: 17.24% to 24.49% variable APR
  • Annual fee: $95
  • Sign-up bonus: 50,000 bonus miles after spending $3,000 in purchases in the first three months of opening the account
  • Rewards: Earn 2X miles for every dollar spent on every purchase, every day, unlimited
  • 0% introductory APR: None

4. Bank of America Cash Rewards

Best for: Reasonable cash advance fee structure with generous 0% introductory APR.

Bank of America Cash Rewards is also at the low end of the cash advance fee range for major credit cards and charges only a slightly higher APR than for regular purchases. But the card is packed with benefits, including an easy-to-qualify-for sign-on bonus, generous ongoing rewards, and a 0% introductory APR.

Bank of America Cash Rewards card features:

  • Cash advance fee: $10 or 3% of the amount of the advance, whichever is higher
  • Cash advance APR: 16.99% to 23.99% variable APR
  • Regular APR: 13.99% to 23.99% variable APR
  • Annual fee: None
  • Sign-up bonus: $200 after spending $1,000 within 90 days of opening your account
  • Rewards: 3% cash back in the category of your choice; 2% cash back at grocery stores and wholesale clubs, 1% for all other purchases.
  • 0% introductory APR: 12 billing cycles on purchases and any balance transfers made within 60 days of account opening

5. BankAmericard

Best for: Reasonable cash advance fee structure with no penalty APR.

BankAmericard has a cash advance fee structure similar to the Bank of America Cash Rewards card. It doesn’t have the sign-up bonus or the ongoing rewards of that card, but it does match it with no annual fee and a 0% introductory APR for 12 billing cycles on purchases and any balance transfers made within 60 days of opening the account.

But what gives this card a leg up on the competition is that there’s no penalty APR for late payments. Everybody misses a payment every now and again and this is one card that won’t penalize you for doing it, at least not on the rate. And if you do need to take a cash advance, this isn’t the worst card to do it with.

BankAmericard features:

  • Cash advance fee: $10 or 3% of the amount of the advance, whichever is higher
  • Cash advance APR: 15.99% to 27.24% variable APR
  • Regular APR: 12.99% to 22.99% variable APR
  • Annual fee: None
  • Sign-up bonus: None
  • Rewards: None
  • 0% introductory APR: 18 billing cycles on purchases and any balance transfers made within 60 days of account opening

6. Blue Cash Everyday® Card from American Express

Best for: Frequent shoppers.

American Express had shoppers in mind when it created the Blue Cash Everyday Card. When you sign up, you’ll get a cool $200 cash back in statement credits when you spend $2,000 in the first six months of account opening! Terms Apply.

This card is impressive-yet-simple and makes it easy to instantly get cash back rewards, even after the sign up period ends. Plus, there’s no annual fee. Could it get any easier?

BlueCash Everyday® card features:

  • Cash advance fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
  • Cash advance APR: 25.24%  variable
  • Regular APR: 0% introductory APR for first 15 months; then an APR of 13.99% to 23.99% Variable applies thereafter
  • Annual fee: None
  • Sign-up bonus: $200 welcome bonus when you spend $2,000 within the first 6 months of Card Membership. 
  • Rewards: 3% cash back at U.S. supermarkets (up to $6,000 per year, then 1%); 2% cash back at U.S. gas stations and select U.S. department stores; and 1% cash back on all other purchases
  • 0% Introductory APR: On purchases for first 15 months of account opening
  • See Rates & Fees

What is a Cash Advance?

A cash advance is when you borrow against a credit card line without a specific purpose. For example, you’re not using the card to make a purchase, or even to pay off another credit card or debt as a balance transfer. You’re simply taking the funds to be used for some other unspecified purposes.

Credit card issuers consider these to be cash advances and will usually charge you a fee for doing so, as well as a higher interest rate. That’s because cash advances are seen as a higher-risk use of your credit card, and even one that can predict default. After all, if you’re taking an advance against your credit card line, you probably don’t have savings or other funds you can tap for short-term needs.

You should also be aware that the grace periods that come with purchases that don’t require you to pay interest on balances paid off within 30 days do not apply to cash advances. Interest will be applied from the day you take the advance against your credit line.

How Cash Advances Work?

A cash advance can be initiated in several different ways. Perhaps the most common is when you use your credit card to get cash at an ATM machine or a bank teller window. This will typically need to be done with an ATM machine or a bank branch that is part of the issuing credit card company’s banking network (but not always).

Some credit cards will also enable you to access cash advances online. You take the advance against your credit line and transfer the funds into a checking or savings account.

Still others may offer checks with your credit card. When you complete a check and deposit it into a bank account, it becomes a cash advance against your credit line.

Once you receive the cash, it’s immediately charged as an advance against your credit line, and subject to all the restrictions and charges that apply to this type of transaction.

Who Are Cash Advances Best For?

Cash advances usually only makes sense if you don’t have any other way to access cash, and you’re facing a true emergency situation. The fees and interest rates make them an expensive way to access cash in the normal course of business. For that reason, they should be used sparingly and only under very limited circumstances.

Now, if you have a credit card that does not charge a cash advance fee or a higher APR – like the DCU Visa Platinum – you can use cash advances at will. But as you can tell from this list, that’s an unusual situation.

But if you have a credit card that has a low cash advance fee structure and you expect to be able to repay the advance very quickly after taking it, it might also work in certain circumstances.

For example, let’s say you have a credit card that charges the higher of $10 or 3% of the amount of the advance. They also tack on an interest rate of 26.74%. If you take a cash advance of $1,000, you’ll pay a cash advance fee of $30. If you can pay the advance back in just a few days, the impact of the interest rate will be minimal.

But even in that situation, $30 is a lot of money to pay for a short-term loan of $1,000. That’s why even this type of cash advance is best avoided.

What are the Best Alternatives to a Cash Advance?

If you don’t have a credit card with favorable cash advance terms and fees and you don’t qualify for a new one, there are alternatives available:

401(k) loans: If you have an employer-sponsored retirement plan, like a 401(k), 403(b), 457 or Thrift Savings Plan (TSP), you may be able to take a loan against your plan. Generally speaking, the IRS allows you to borrow up to 50% of your vested interest in your retirement plan, to a maximum of $50,000. You will then have up to five years to repay the loan. You won’t need credit to qualify, the interest will be lower than just about any other loan source, and you’ll be paying it to yourself anyway.

Bank personal loans: Most banks and credit unions today offer personal loans. These are unsecured loans made to bank or credit union customers that can be used for just about any purpose. They carry a fairly-low interest rate, and generally have no fees. However, you will need excellent credit to qualify. Use a marketplace like Fiona to try to find the best offer possible. There, it’s possible to see the best loan options and the lowest rates in a process that’s incredibly easy.

Roth IRA withdrawals: If you have a Roth IRA account, you can withdraw your contributions free of income tax and an early withdrawal penalty. Since your contributions are not tax-deductible when made, they don’t create a tax liability even on early withdrawal. The IRS also allows you to withdraw the full amount of your contributions before you take out any accumulated investment earnings.

Low-Interest or 0% Intro APR credit cards: It might sound counterintuitive to use a credit card to help get your bills down, but this will actually give you more time to get back on your feet financially. However, for this to be a viable option, you have to be sure you’ll able to pay the balance in full by the time the friendly introduction terms end. Otherwise, you could face high interest and even more debt than before.

Family and friends: If you only need a small amount of money and you have the ability to repay the money in no more than a few months, this may be an option. But if you do take a loan from a family member or friend, make sure to strictly observe the terms and fully repay the amount borrowed. Otherwise, the price of this type of loan can be a damaged or lost relationship.

Cash Advance apps: One app that offers an easy way to get Cash Advances is Empower. Empower offers a powerful debit card, the Empower Card. When you deposit your paycheck to the Empower Card, you’ll unlock a few perks.

One is the option to request Cash Advances of up to $250.^ Empower will send the cash directly to your Empower Card and you can immediately use those funds to make purchases or withdraw the money for free from more than 37,000 ATMs nationwide.

There are no late fees or interest to worry about with the Cash Advance. Empower automatically takes the repayment from your next paycheck, making the whole process a breeze.

The second is that you can get access to your paychecks up to two days faster.* This can help if you’re low on cash and waiting for payday to replenish your checking account balance.

Empower is a financial technology company, not a bank. Banking services provided by nbkc bank, Member FDIC.

^ Eligibility requirements apply. 

* Early access to paycheck deposit funds depends on the timing of the employer’s submission of deposits. We generally post such deposits on the day they are received which may be up to 2 days earlier than the employer’s scheduled payment date.

Financial Advisor: Nothing can replace the sound advice of a financial advisor who truly understands the nuances of your financial situation. Whether in person or virtual, there are a few ways to find an advisor who’s not only suitable but as affordable as possible too. One great tool to use is Paladin Registry, a website that connects people with vetted and highly rated financial advisors that can best help their situation — plus it’s free to use. SmartAsset is another way to connect with a great financial advisor. After taking a quiz about your finances, SmartAsset will connect you with a financial advisor, while also offering a ton of useful tools to track your money.

Related: Best Apps That Loan You Money Now

Credit Card Cash Advance Terms

  • Cash Advance APR: The interest charged on cash advance transactions, based on the amount of the cash advance and the individual’s credit score.
  • Cash Advance Fee: A fee charged by the institution for each transaction, in addition to the APR. It may be a set fee per transaction or a percentage of the transaction amount.
  • Introductory APR: A special low APR offered by the card for a set period of time after joining.

How We Came Up With This List

We first took a look at the credit cards we trust that offer cash advance options. From that list, we culled out the ones offering the easiest terms, lowest APR, and most reasonable fees. From that, we also considered the kinds of introductory rates, rewards, and cash back options that are of most assistance in times when a cash advance is needed. This could range from 0% introductory APR periods or cash back points on everyday shopping.

Pros and Cons of Cash Advances


  • Provides immediate access to cash if you have no other source.


  • Cash advances usually have a higher APRs than purchases or balance transfers.
  • Even if you pay off the advance immediately, you’ll still pay the cash advance fee, which makes it a very expensive way to borrow.
  • There is no grace period – interest will begin as soon as the advance goes through.
  • If you use cash advances too frequently, the credit card issuer may re-evaluate your credit line – don’t be surprised if your credit line is reduced.
  • Regular use of cash advances could be an indication of a lack of savings.


Actually, they’re not the same type of transaction at all. A balance transfer is where you move debt from another credit card onto another. Not only is that like transferring your existing business to the target credit card, but it also doesn’t increase your total liability. You’re simply moving a debt from one credit card provider to another. The credit card issuer may even incentivize that transaction by providing a 0% balance transfer offer. A cash advance is creating new debt. And it’s doing so for a reason the banks considered to be less than fully satisfactory. Because it indicates a lack of access to cash alternatives, frequent use of cash advances can be an indication of financial difficulties. Since lenders risk-adjust all types of lending, cash advances will carry a higher fee structure than balance transfers.

You can, as long as you have no previous balance on your credit card. But if you already owe a balance, the credit card issuer will blend that with the cash advance. For example, let’s say already owe $5,000 on your credit card from previous purchases. You take a cash advance of $1,000 – then pay back the full amount of the advance three days later. In your mind, the cash advance has been fully repaid and should not be subject to a higher APR. But the bank will prorate your repayment between the cash advance and the previous purchase balance. Since the payment represents 1/6 of the new outstanding balance of $6,000, the balance subject to the purchase APR and the balance subject to the cash advance APR will each be reduced by 1/6. That means you may be paying the cash advance APR for many months into the future.

The primary function of cash advances is to provide access to cash on very short notice. Since it’s an expensive way to obtain cash, the best solution is a combination of a well-run monthly budget and a fully-funded emergency fund. The budget will keep you from needing cash on short notice in the first place, while the emergency fund will be available if there are any holes in that plan.

Final Thoughts

When all is said and done, a beneficial cash advance pricing schedule should not be a compelling reason to choose one credit card over another. Since cash advances are predictably expensive no matter which credit card you use, they’re best avoided entirely. And since you’ll only be making infrequent use of them, lower pricing shouldn’t be a major factor.

Concentrate instead on the overall benefits provided by a credit card. Those include the regular APR you’ll be paying on purchases, as well as the ongoing rewards the card pays, any sign-up bonus offered, and a 0% introductory APR. Those will have a much greater impact on the overall cost of your credit card than any reduced cash advance fee structure.

Read next: A 7-Step Guide to Building Your Ultimate Emergency Fund

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Best Cash Advance Apps | Top 5 Payday Loan Apps With Bad Credit Tue, 19 Oct 2021 06:13:48 +0000

Cash advance apps are advance payday providers that eligible borrowers can use to connect with proper lenders who would approve their request by incurring high-interest credit based on one’s income. The best cash advance apps usually process within a day or two and therefore it is a great method to fulfill one’s financial needs at any moment.

5 Best Cash Advance Apps in 2021 – Quick-Pick

Following are some of the alternatives that may help you to get guaranteed loans with no credit check.

  • Viva Payday Loans – Best for very quick cash advances
  • Credit Clock – Best for lower loan amounts ($100 – $500)
  • Money Lender Squad – Best for wide range of lender options
  • Very Merry Loans – Best for accepting those with low credit scores
  • Heart Paydays – Best for high approval rates

How do I get started with the Best Cash Advance App? Quick 4-step guide:

A payday loan is a high-interest, short-term, variable-amount loan, dependent on your earnings. With websites like, users can avail loans between $100 and $5,000 that come with 5.99% to 35.99% interest rates.

  1. Visit Viva Payday Loans – Consumers throughout the United States can take the benefit of sanctioning a loan of up to $5000 by visiting and simply fill up an online form with the required details. Viva payday loans allow individuals to take a loan irrespective of the occasion, requirements, and budget – all within just a few clicks.
  1. Complete the application form – Upon visiting the website you can simply choose the amount of cash you would like to borrow along with the tenure of the loan without any upfront fees. Complete the application form by submitting additional details such as your email address, full name, DOB, and more.
  1. Get your decision – After submitting the form with the required details Viva Payday Loans will provide you with a decision regarding the loan approval. The website keeps all the information provided confidentially and shares it with the designated lender only. In most cases, the whole process takes around 2 minutes – from the submission of the form to connect with a suitable third-party lender.
  1. Receive your loan – With Viva Payday Loans, individuals get access to the required loan amount regardless of their credit record. In most cases, it takes 1 or 2 days for the funds to be available with detailed instructions from the lender.

What Are Cash Advance Apps & How Do They Work?

Depending on your earnings, a payday loan will provide you with a short-term credit where a creditor offers high-interest credit. Such short-term financial borrowings are dependent on your upcoming paycheck. In other terms, instead of using a third-party source of funding, you are lending money against your future earnings.

Certain major Cash advance apps assist you to go from one payday to the next by providing you access to your salary a few days ahead of time, thanks to advanced technologies. This way, if you need funds immediately, you may acquire them without charging outrageous interest payments.

Although if your paycheck is still a few days away, a payday loan application compensates you for part of the effort you’ve already put in that week. The software, for instance, sends the $100 you require to loan to your bank account, and then deducts $100 from your next paycheck to settle the fee. It operates similarly to a payday loan, except there is no interest. Once you get your paycheck, you just get the $100 you were given with no interest included. The applications’ developers generate revenue in a variety of ways, such as through optional tips and monthly subscription charges.

Best Cash Advance Apps – Fully Reviewed

1. Viva Payday Loans – Best For Very Quick Cash Advances

Viva Payday Loan app is considered one of the best Cash advance apps due to its ease of use, variety of loan amounts, and variable APR for eligible borrowers. Their website serves as the main portal where anyone could find payday loans for a specific amount by submitting a loan application quickly. It might be easier for people to go with this payday loan app instead of the other alternatives present in the market because this is a more transparent process.

Once approved, borrowers can take out up to $200 to $5,000 as loans from reputed lenders with a repayment period of 2 to 24 months. Usually, it takes 2 minutes to fill up a loan application on the Viva Payday Loans website. In case of approval of your payday loan application, you will be redirected to connect with the various payday loan bad credit lenders who would then decide to lend you the amount requested. Interest rates on Viva payday loans start from 5.99% to 35.99%.

The interest rate varies depending on which direct lender has approved the loan application. These Cash advance apps would sometimes ask for basic information from a borrower to ascertain whether they can repay the loan within the stipulated time or not.


  • Same day payout is available
  • The application process takes hardly 5 minutes
  • Up to $5000 can be loaned


  • People from all states cannot apply
  • Automatic monthly debit is used
  • Lenders might do a credit check in some cases

2. Credit Clock – Best For Lower Loan Amounts ($100 – $500)

If you need a short-term payday loan then credit clock could be your best bet among many others who claim to be the best Cash advance apps. This broker offers not only payday loans but also bad credit payday loans, personal loans, and emergency loans to borrowers found eligible based on their applications. Fast payouts, easy procedure of loan approval, and allowing even bad credit make credit clock a great payday loan app to check out in your time of need.

The credit clock is not only famous for being extremely helpful in times of need but also for its quick loan approval process that saves a lot of time and disburses cash when the borrower is on a time crunch. All you have to remember before opting for this payday loan app is that you must meet the minimum earning criteria fixed by the credit clock to proceed with a loan application.

All registered and permanent residents of the USA who are above the age of 18 are allowed to use this portal to get financial help from verified lenders that welcome borrowers even with bad credit scores. One might have to prove their residence and income during the process should the lender demands it.


  • Approval is quick
  • Disbursement of funds occurs within 24 hours
  • People with a bad credit score are allowed
  • Available for all 18 above permanent residents of the USA


  • Might ask for personal information
  • The minimum earning criteria is $1,000 so eligibility depends on affordability

3. Money Lender Squad – Best For Wide Range Of Lender Options

Money Lender Squad is another quality option for those looking for a payday loan online. It offers low APR with no guarantor for US-based residents. With instant approval of loans, Money Lender Squad focuses on borrowers who are usually ignored by other mainstream Cash advance apps. Those who have a bad credit score can also apply for a payday loan with over 60 days to 24 months repayment period and receive funds quickly.

An online form is available on the web portal of Money Lender Squad that needs to be filled up properly and then submitted to be shared with many types of lenders associated with the app. As there are no credit checks required, affordability is a primary concern for most borrowers. The entire process of loan approval and payout is fully automated and all you have to do is wait for a few minutes during which a lender might connect with borrowers with an agreement.


  • Loan terms are extended
  • Quick procedure for loan application
  • No guarantor needed
  • In case of any difficulty, a panel of money lender squad comes forward to assist


  • A lower credit score translates to higher interest
  • Maximum APR is well over 400% on this app

4. Very Merry Loans – Best For Accepting Those With Low Credit Scores

The online platform of Very Merry Loans helps eligible borrowers to connect with capable lenders in the US. Access to its payday loans even for those with bad credit scores is quickly available through this portal. You can get a same-day loan payout within just a few minutes after submitting your loan application properly. Typically it takes almost 24 hours for payday loans to be paid out.

Borrowers need to be above 18 years of age, residents of the USA, have a minimum earning of $1000 per month. Some lenders might ask for proof of residence or identification. Very Merry Loans is known for its simple loan model that presents a panel of verified and well-known lenders that are matched with loan applications from borrowers to pay out their loan requests quickly yet legally. Loan amount on Very Merry Loans ranges from $200 to $5000 so based on one’s requirement they can request a payday loan matching their financial situation.

Applicants repay their payday loans taken from this website over 7 to 31 days but extended loan terms are also available that allows one to repay their loans within 24 months. It is recommended to read all the terms and regulations associated with taking a payday loan from any payday loan app including Very Merry Loans to avoid issues later.


  • Lenders accept unemployed and bad credit borrowers
  • APR varies from 5.99% to 35.99%
  • Extended loans are available


  • Applicants need to be American residents
  • High-interest loans have to be repaid within 30 days

5. Heart Paydays – Best For High Approval Rates

Heart Paydays has been an active payday loan app for people living in certain hubs of the US for quite some time now. Their web portal is very easy to use for new visitors because it does not overcomplicate the process of applying for a payday loan online.

The online loan application process can be completed in a short period from the comfort of your home. Borrowers interested in getting a loan for $200 up to $2000 can access the heart paydays portal despite their bad credit score. It takes just over 2 minutes to submit a completed loan application online and usually under 60 minutes, borrowers receive a response from the app regarding their loan request approval and disbursement begins. Heart Paydays is one of the best Cash advance apps because they tend to accept and help out borrowers already rejected from other platforms.

This platform does not distinguish among potential borrowers who are unemployed, have bad credit, and living on government benefits. Heart Paydays offers as much as $5000 loans with 24 months to repay it along with the interest.


  • No phone calls or paperwork needed
  • Short term payday loans can be paid within 24 hours
  • Loan disbursement takes hardly an hour


  • High fees on some loans
  • Long term loans incur high interest

Features of Cash Advance Apps

Best Cash advance apps, if utilized correctly, can prevent you from getting a bank overdraft charge and offer immediate cash to get you through until your next payday. Some applications also offer budgeting features, low-interest credit-building borrowings, and other functionalities.

Speed of approval: The approval process may vary from app to app that can range between minutes and even 3 days in some cases. At, users can expect a decision regarding their loan approval within 2 minutes.

Loan amount: Payday loans borrowed from certain apps are generally of small amounts that can range from $5 to $5000. For instance, viva payday loans grant loans amount from $100 to $5000 for customers throughout the United States.

Repayment options: Typically the amount is usually deducted out of your account on the day you’re supposed to get your following payment, which is usually your upcoming payday. In case the account is insufficiently funded, the apps will attempt to withdraw the funds multiple times until a certain period. You’ll be charged a late fee if your payment is delayed more than the limited period set by the app’s guidelines.

Fees: Usually these apps generate revenue from voluntary tips and monthly subscription charges.

While most Cash advance apps only provide access to paycheck prematurely, some of them also offer features like online banking services, investing, and more.

Types of Cash Advance Apps

Cash advance apps that work with Chime: Dave, Cleo, Albert, Empower, MoneyLion, Varo.

Cash advance apps that don’t use Plaid: Applications except for SoFi, Figure, Petal, Avant.

Cash advance apps that work with Netspend: Usually with a Netspend account, users cannot take a payday loan. However, with Netspend prepaid cards, one can take cash credits to their card account directly and can also have the option to deposit credit proceeds from other institutions to their account.

Cash advance apps that work with Varo: Varo Bank app, also known as Varo Advance. Users can also connect Varo with Chime.

Cash advance apps that work with PayPal: Apps such as PayPal working capital, CashspotUSA, are to name a few.

Cash advance apps that work with prepaid cards: Applications such as Brigit and Empower.

Advantages and Disadvantages of Cash Advance Apps

The preference for Cash advance apps in today’s time comes down to the array of benefits they serve.

With technological advancement, it’s never been easier or faster to get a payday loan. Some applications may deposit funds into your bank account right away, although they may charge a premium for this service. Easily log onto the app, pick the amount you want to borrow and your application will be either be granted or not in minutes. If it’s pre approved, the funds are transferred to your checking account right away. However, dependent on the creditor, the approval period may vary in most cases.

The credit check is used when requesting personal loans. But in the case of payday apps, most of them don’t even check your credit. The majority of financial applications make decisions based on how much you make and how much you want to loan before your next payday. When you ask for funds, the application evaluates to see whether you can repay it and either accepts or refuses your application, allowing you to get no credit check loans.

  • Opportunity to build credit

Even if you’re taking out loans through an app and it doesn’t seem like you’re getting a regular loan, the process can still affect your credit rating. Since most financial applications only provide borrowing of just a few hundred bucks, you may take out many loans throughout the year and repay them off promptly and completely. Each time you properly settle a loan, you accumulate points toward your credit rating.

Apart from the benefits, as a consumer, you must also be familiar with the drawbacks of such apps to properly evaluate your decision of opting for such applications.

  • Chances of getting into a debt loop

Since applications enable lending from your upcoming paycheck simple, users who depend on loans to cover monthly costs may find themselves in a cycle of debt. It’s easy to have financial support at your disposal, but it’s also risky in most cases. You could find yourself asking for personal loans more frequently than you are supposed to, which isn’t good for your salary when it arrives in your account.

Eligibility Criteria

At Viva Payday Loans, individuals fulfilling the following criteria are eligible for payday loans through the app.

  • An individual must be over the age of 18 to apply
  • Need to have a permanent address proof
  • Earns $1000 or more as a regular monthly income
  • Holds a valid checking or savings account with direct deposit

Application Process

At Viva Payday Loans, users can apply for payday loans in three simple steps.

Step 1: Select your loan amount & term

Viva Payday Loans are brokers who lend users up to $5000 for 3 to 6 months. To apply for the process, simply visit their website and choose the required loan amount with appropriate tenure.

Step 2: Complete the application

After submitting the basic information, you are required to put additional details like name, email address, cell phone number, and more.

Step 3: Wait for a decision within 2 minutes

After final submission, viva payday loans will evaluate the information to provide the decision whether your loan can be approved or not. The whole process typically takes up to a minute or two. Upon connection with a suitable lender, you will get access to the funds within 24-48 hours.


What credit score is required for getting a payday loan online?

What are the things to prepare before applying for payday loans?

How does no credit check payday loans work?

How to apply for a payday loan?

Are payday loans going to affect my credit score?


About Jayme Wium PRO INVESTOR

Jayme is a professional freelance writer specializing in personal finance, business, nutrition, botany and mental health. She has studied extensively in these fields and spends a considerable amount of her time creating content to help simplify complex concepts for the everyday person.

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5 Best Apps Like Earnin Tue, 19 Oct 2021 06:13:35 +0000

The global economy has recently been slipping back towards a new economic crisis, and regrettably, no one, including the financially secure, has been spared the brunt of the catastrophe.

According to several financial survey agencies, more than 40% of individuals struggle to pay their rent and bills on time.

This is one of the primary reasons cash advance applications like Earnin are more vital than ever in most world regions.

5 Best Apps Like Earnin – Quick-Pick

Earnin, Dave, and Brigit are cash advance applications that allow you to borrow a small amount from your upcoming salary before you receive it. This fast-fix can be helpful if you need money quickly, but be sure you never have any cheaper choices before borrowing from an app.

Unlike conventional borrowing alternatives such as credit cards or personal loans, the cost of borrowing via an app is not indicated as an interest rate. Instead, the applications may impose subscription or accelerated financing fees, and many recommend tipping.

Below are five less expensive alternative applications that allow you to borrow from potential earnings.

  1. Viva Payday Loans – Best for very quick cash advances
  2. Credit Clock – Best for lower loan amounts ($200 – $500)
  3. Money Lender Squad – Best for wide range of loan options
  4. Very Merry Loans – Best for same day decisions
  5. Heart Paydays – Best for no previous credit required

How To Use Apps Like Earnin – Quick 4 Step Guide

Even though each loan seeks website functions differently, they all have connections in the application procedure. Below is an application procedure at Viva Payday Loans.

Step 1. Visit Viva Payday Loans – Go to Viva Payday Loans to get a straightforward layout—click the “Apply Now” at the top right side of your screen.

Step 2. Complete The Application Form – Your name and personal information, employment/income information, banking details, and a summary of your monthly bills will all be requested on the online application form.

Step 3. Get Your Decision – Authorization takes only two minutes—don’t leave your screen while you’re waiting for feedback. If you are not accepted for a loan, you will receive a notice alerting you of this.

Step 4. Receive Your Loan – When your loan application is approved, you will be sent a loan agreement to study and sign. It is critical to read the terms and conditions. The loan money is sent immediately into your bank account when you sign and submit the agreement.

Step 5. If Declined, Try Alternatives – If your request for poor credit online is denied, try other loan-lending websites, such as Heart Paydays or Credit Clock, or any of the broker websites discussed above.

You shouldn’t stress your credit score being harmed because these services don’t perform a hard credit check, and they’re also free to use.

What Are Cash Apps Like Earnin?

Cash advance apps like Earnin are similar apps which allow you to borrow money before your payday. Below, we detail the types of different borrowing services you can rely on instead of Earnin.

Payday Loans Like Earnin

A payday loan is a type of short-term lending in which a borrower offers credit at a high rate of interest based on your earnings. Its principal is usually a percentage of your next paycheck. Payday loans have high-interest rates since they are used for short-term, urgent credit. They are also known as checks that serve as excellent or cash advance loans.

A payday loan often includes the following features:

  • The loans are for modest sums, and many states have a cap on the size of payday loans. The usual borrowing limit is $500. However, restrictions might be higher or lower.
  • A payday loan is often returned in a single payment on the lender’s next payday and whenever income from some other source, such as a pension or Social Security, is received. The loan is generally due two to four weeks from the date it was issued. The payday loan agreement specifies the exact due date.
  • To repay the loan, you typically submit a post-dated check for the whole sum, including fees, or you authorize the lender to electronically withdraw the cash from your bank, credit union, or prepaid card account. If you do not return the loan by the due date, the lender has the option to cash the check or electronically remove funds from your account.
  • A payday lender will not evaluate your capacity to repay the loan while fulfilling your other financial commitments.
  • The loan proceeds may be delivered to you in cash or cheque, transferred electronically to your account, or loaded onto a prepaid debit card.

Instalment Loans Like Earnin

Instalment loans, often known as instalment credit, are closed-ended credit accounts that you repay over time. They may or may not feature anything of interest. Continue reading to discover more about the various types of instalment loans as well as how they function.

When you get an instalment loan, you get the money you borrowed or the item you bought right away. You pay it off in regularly planned instalments, known as instalments, often with interest. You generally owe the same amount on every payment for a specified period of weeks, months, or years. When the loan is fully repaid, the account is closed down.

An available credit account, such as a credit card, is an alternative to an instalment loan. Revolving credit, as opposed to instalment credit, is not limited in time. It can be utilized and paid off several times if the account is active and in good standing.

When you pick out an instalment loan, you borrow a certain amount of money and make predetermined monthly payments until the debt is paid off.

YOU might repay an instalment loan over months or years. Its interest rate might be constant or variable, which means it could rise or fall in the future. Additional expenses, such as initiation or late fees, may apply to instalment loans. Before taking out an instalment loan, it’s critical to thoroughly read the lease agreement to know precisely how much you’ll pay.

Cash Loans Like Earnin

A cash loan is a type of short-term borrowing meant to assist consumers in swiftly covering unforeseen costs. Cash loans are often for modest quantities of up to 1000 pounds and must be repaid within a few months to a year.

We understand how inconvenient and time-consuming it may be to apply with a traditional lender. The problem is that they don’t always provide tiny quantities of money for relatively short periods. This is why, if you need cash urgently, a quick loan from an internet broker like Little Loans may be a feasible and cheap option.

Apps Like Earnin – 5 Best Fully Reviewed

1. Viva Payday Loans is a leading online payday loan company that serves all types of wrong credit customers in dire need of rapid cash from a reputable source. The loan amount offered on Viva Payday Loans ranges from $200 to $5000, with payback terms ranging from 2 to 24 months.

From the broker’s end, a qualified borrower needs to fill out and make an application. This application is immediately reviewed and shared with reputable lenders known to grant loans in as little as 2 minutes.

Applicants must follow the loan broker’s regulations and provide personal information such as credit statements, proof of domicile, income, and other verified information. When a loan is granted, the necessary funds are transferred immediately into the lender’s bank account.


  • This platform offers same-day payouts.
  • The application is straightforward
  • Loan approval takes around 2 minutes.
  • Use the money for whatever you want.
  • Acceptance of candidates with poor credit
  • There is no collateral.


  • Not available in all states.

2. Credit Clock

Most people recognize Credit Clock as a trustworthy short-term loan broker specialising in payday, bad credit, and other types of personal loans ranging from $200 to $5000. Credit Clock is an excellent choice if you need a quick approval payday loan online without a credit check.

The approval process is quick and straightforward. Borrowers who fulfil the minimal earning standards shown on Credit Clock’s website are eligible. This loan provider is only available to American citizens with permanent residences.


  • It only takes a few minutes to approve a loan.
  • Money is sent within 24 hours.
  • A portal that is legal and secure.


  • Borrowers must earn at least $1000 per month to be eligible.

3. Money Lender Squad

Money Lender Squad allows you to acquire a low-interest loan without a guarantor if you reside anywhere in the United States. This portal also offers bad credit payday loans that do not require a credit check. Repayment can be accomplished in 24 months or little more than 60 days (for quick payday loans).

Applying for a loan with Money Lender Squad is a straightforward online procedure that saves time and paperwork. Their automated method sends loan applications to prospective lenders who can approve the loan quickly.


  • Loans with longer durations are available.
  • The online application method is swift, dependable, and simple to use.
  • There is no need for a guarantor.


  • A poor credit score would result in exorbitant interest rates.

4. Very Merry Loans

Very Merry Loans is also an online platform that assists borrowers in locating and connecting with some of the major lenders in the United States. This portal helps those with a financial emergency who want immediate cash despite having a poor credit score. Loan applicants benefit from quick approval of online loans, which require less than a minute to register and 60 minutes to obtain.

Unlike many of its competitors, this online lending site adheres to a straightforward business plan and collaborates with several trustworthy lenders in the industry. The loan size ranges from $200 to $5000, allowing applicants to borrow appropriate money for their financial circumstances. Repayment durations range from seven to 31 days for $200 loans and two to twenty-four months for extended long-term loans.


  • Borrowers with bad credit and no credit are also eligible.
  • Long-term financing is available.
  • Quick approval.


  • Fees and interest rates vary depending on where you live.

5. Heart Paydays

Heart Paydays is a well-known loan company in the United States. It enables residents in the city’s busiest areas to obtain immediately authorized online loans, even if they have poor credit.

Consequently, banks and other financial organizations will not consider loan applications from people with bad credit. This company offers loans ranging from $200 to $2000 that you must repay within 60 days.

Heart Payday provides a platform and a wide range of services that allow clients to apply for bad credit online loans in as little as five minutes. Heart Paydays is well-known for accepting candidates turned down by other lenders for an online bad credit loan. Loan distribution takes an hour at the most and up to a day at the most.


  • There will be no need for needless phone calls or documentation.
  • Loan disbursement generally takes one hour.
  • It offers short-term loans with the lowest APR.


  • Certain loan offers include exorbitant costs.

Features of Cash Advance Loans

1. Flexible Loan Amounts

Most online payday loans provide quick cash loans varying from $100 to $5,000.

While it varies per lender, companies such as guarantee to match a user with a suitable lender who can handle their unique loan application.

That being stated, it is suggested to borrow according to your needs—even if it may be tempting to seek the most significant amount possible.

2. Fewer requirements

Several no credit check payday loans have more minor application requirements than conventional personal loans. In most situations, they demand evidence of income, an existing, legitimate bank account, personal information such as ID proof, and proof of age to obtain quick approval.

3. No credit check

Payday loans, unlike traditional loans, do not require a credit history. Because they do not examine your credit history, there will be no complicated credit queries, which can lower your credit score by a few percent. Payday loans, except for a few exceptional cases, will not help you develop the credit you’ll need to go on to better financial options in the future.

4. Easy to apply

The most critical aspect of payday loans is their ease of availability. Most lenders believe it’s possible to offer cash in as little as 24 hours, regarded as quick approval payday loans.

Some even include application forms and are accessible 24 hours a day, seven days a week. Payday loans without a credit check, unlike traditional loans, may be done in a few minutes.

5. Quick Borrowing Decision

Traditional loan applicants must wait an extended period for their loan to be authorized. The online system at Viva Payday Loans is meant to provide clients with an almost quick answer to their credit applications. After completing the application, it is typically just a few minutes before getting the cash they have requested.

Advantages and Disadvantages of Cash Loans


Keep Control of the Company

A bank makes a loan to a business based on the worth of the firm and its projected capacity to service the debt by making timely and complete payments. Unlike equity financing, in which the company issues shares, banks do not hold any stock in the company.

Bank employees are also not involved in any part of a firm’s operation to whom a bank has made a loan. This means that you ghetto maintain complete administration and control of your firm, with no outside influence.

Loan is Temporary

Once a company borrower has paid off a loan, they have no further responsibility or engagement with the bank lender until they take out another loan. In contrast, in equity financing, the firm can pay out dividends to shareholders throughout the business.

Interest is Tax-Deductible

The interest on commercial bank loans is tax-deductible. Furthermore, especially with fixed-rate loans, where the interest rate does not vary during the loan term, loan servicing payments stay constant throughout the loan’s life.

This makes budgeting and planning for monthly loan instalments easier for firms. Even if the loan is adjustable-rate, company owners may use a spreadsheet program to calculate future payments if interest rates change.


Tough to Qualify

One of the most significant drawbacks of bank loans is that they have been extremely challenging to get unless a small firm has been challenging to grasp unless a small firm has a considerable track record or valuable collateral such as real estate.

Banks take care to lend only to companies that can repay their debts, and they also ensure that they can cover losses in the case of failure.

You may demand personal guarantees of business lenders, which implies that the lender’s assets may be confiscated if the firm fails and cannot repay all or portion of a loan.

High-Interest Rates

Bank interest rates on small-enterprise loans can be costly, and the amount of bank capital for which a firm qualifies is frequently insufficient for all of its demands.

The high-interest rate on the capital that a firm does obtain frequently stifles its growth since the business must not only service the loan but also deal with extra funding to offset funds not given by the bank.

Loans backed by the U.S. The Small Business Administration delivers excellent terms than other lenders, but the qualifications for these subsidized bank loans are pretty stringent.

Eligibility Criteria

You must fulfil the following requirements to be qualified to apply for payday loans poor credit online through any of the portals as mentioned above:

  • 18 years of age or older
  • US citizen or registered (legal) permanent residence
  • Proof of income from any source of at least $1,000 each month
  • Have a valid government-issued ID and the following documents: bank statements, salary stubs, and address evidence
  • An active bank account

How To Apply For Cash Apps Like Earnin At Viva Payday Loans

Applying for a benefits loan should not be a time-consuming and challenging procedure. It has been evidenced that you have a lot on your plate and would want to get your financial issue resolved as soon as feasible.

With this in mind, there is a design for a quick and straightforward benefit loan application procedure that only takes a few minutes. The easy processes for applying for a personal loan are outlined here.

Step 1 – Select How Much to Borrow

Use the form on this page to choose how much you’d like to borrow and how long you want to pay it back. Viva Payday Loans provide loans of up to $5000 for 3 – 6 months. To avoid future difficulties, make sure that your loan conditions are practical and how you can consistently pay this back on schedule.

Step 2 – Provide Additional Information

Once you’ve determined how much you’d like to borrow, you’ll need to supply them with some more information so that they can decide whether or not you’re eligible for a loan. All information you submit will be kept strictly secret and never shared with anyone other than your lender and us.

Step 3 – Wait for a Decision

After completing our form, you will receive a verdict on whether or not you can grant a loan within 2 minutes. Regardless of credit history, the majority of individuals are easily linked with a third-party independent lender.

Funds are accessible as soon as the following business day if you are linked with a third-party independent lender, and further instructions will be supplied.


Is There An App Similar To Earnin?

What’s The App That Lets You Borrow $75?

What Apps Work With Earnin?


About Jayme Wium PRO INVESTOR

Jayme is a professional freelance writer specializing in personal finance, business, nutrition, botany and mental health. She has studied extensively in these fields and spends a considerable amount of her time creating content to help simplify complex concepts for the everyday person.

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Best Online Payday Loans for Instant Cash Advance 2021: Top Direct Lenders for Same-Day Loans with No Credit Check and Guaranteed Approval Tue, 19 Oct 2021 06:10:00 +0000

Making ends meet is no easy task. With everything from utilities, groceries, rent, doctor’s appointments, or a well-deserved treat, money seems to disappear quickly. However, this is where simple and reliable online payday loan networks that can have your back in those dire times can come into play.

But, what are online payday loans? Payday loans or cash advances are short-term and relatively small loans to help you fulfill all surprise expenses from month to month. These loans are a fast and easy solution to provide you with some much-needed extra cash from the comfort of your home. Best of all, they come without overly complicated processes that often have the tendency to hinder your day-to-day life. The online modality allows you to reach for assistance from a vast network of lenders. That way, you can rest easier with a wide range of ready solutions to your problems.

So, you can forget about the traditional ways of driving endless hours to find a broker or pawnshop willing to make a deal that is fit for you. Online, you can have a wide network of registered lenders at easy reach.

Before applying for a payday loan, there are a few things you need to know first. For starters, what is the difference between in-store cash advances and online lenders? Online lender networks — such as those discussed below — offer 24/7 information and a comfortable option to request loans at your leisure.

Likewise, are you opting for a quick loan to pay off at once or something more evenly distributed? Installment loans are usually short-term and debited monthly. These are great options for all kinds of loans, as they allow your payment flexibility to juggle your monthly expenses better and avoid a debt cycle trap of roll-over loans.

Overall, the online payday loan networks listed below all generally take into consideration people with low credit scores, making loans more accessible. However, they tend to come with noticeably higher interest rates than other available options.

You can borrow as much or as little as you need with loans that fit your specific situation and income. The main issue comes from knowing which network is genuinely reliable and responds to your necessities with ease.

Top 4 Best Online Payday Lenders for Fast Cash Approval

  1. MoneyMutual: Overall Best Online Payday Loans with Guaranteed Approval
  2. BadCreditLoans: Trusted for Installment Loans & Payday Loans Online
  3. CashUSA: Most Recommended for Fast Cash Loans Online
  4. Personal Loans: Top Choice for Same-Day Loans & Speedy Cash Installment Loans

#1. MoneyMutual – Overall Best Online Payday Loans with Guaranteed Approval

MoneyMutual is our number one choice.

When it comes to online payday loan options, this platform has a perfect balance between affordable, reliable, and lenient. If you are struggling with money and want an efficient solution to pick yourself up, this is the one. Besides, it is widely trusted and highly rated by its over two million customers.

This marketplace offers a wide variety of loans, including payday loans, installment loans, and bad credit loans. Through this marketplace, you have a minimum loan amount of $200 and up to $5,000. Of course, the availability of lenders for the amount you require will also vary depending on your credit score and credit history, and requests for smaller funds are more likely to be approved.

Do keep in mind that a lower credit score will generally result in higher interest rates from lenders. But just because of a bad credit score, at least in Money Mutual, you will not be denied the options you need to meet your needs.

In addition, interest rates vary significantly from loan to loan, as MoneyMutual is not a direct lender itself. Instead, it is a network that connects you witha lender that can better answer your needs. This means that while you may be quickly put in contact with a potential lender, it is up to you to revise their information and rates to make sure you are truly getting into a beneficial deal.


  • Minimum monthly income of $800: The service is entirely free and offers a network of licensed lenders that can provide you a short-term loan with a low base income as a requisite. In contrast, most online payday loan sites will request a monthly income of at least $1,000.
  • Minimum loan request amount of $200: If you are looking for an especially small loan, MoneyMutual allows you to request funds of as little as $200, which is considerably lower than other lenders’ marketplaces.
  • Easy request form: It is as simple as filling out the website form, and all it takes is three simple steps. First, provide your information, from basic contact information to the amount to borrow. Lenders will then review the information provided and connect with you within minutes of filling in the form. You can then review the lender information, repayment terms, and more and decide if they are the right fit for you. If they are not, simply search for another option. After the loan is approved, get your money within the next 24 hours (depending on the lender).
  • Valuable educational resources: This online payday loans website has plenty of educational information available. With this, you can ensure you make an intelligent choice when requesting your loan online.


  • Request funds from $200 to $5,000
  • Free to use service
  • Quick and easy to fill online form
  • Connect with potential lenders in a matter of minutes
  • Once approved, you can receive funds in as little as 24 hours


  • Unavailable in New York and Connecticut
  • Upper loan amount limit is small

⇒Visit the official website of MoneyMutual

#2. BadCreditLoans – Trusted for Installment Loans & Payday Loans Online


BadCreditLoans offers business loans, auto loans, student loans, mortgages, and debt consolidation loans. This network is particularly open to applicants with low credit scores, which makes them otherwise incapable of accessing other forms of easy cash for emergencies. Their minimum loan amount starts at $500 and goes up to $10,000. While these are relatively small loans, they are an excellent solution to handle emergencies.

BadCreditLoans is committed to offering good financial options. So, if you are looking for a fast and trustworthy loan, the BadCreditLoans platform hits the sweet spot between fast money and reliable lenders with reasonable interest rates. If you are someone who would otherwise struggle with getting a quick loan, this website is an excellent tool for you.


  • Especially lenient with bad credit holders: As the name suggests, BadCreditLoans’ lending options are specially made for those whose options are cut considerably due to their credit score and history. If, for whatever reason, you have accumulated a bad credit score through the years, BadCreditLoans is a platform that can help you increase your options tenfold. Are you struggling to pay rent? Need to pay car maintenance? Not enough money to make a decent grocery shopping trip? Whatever your need, with BadCreditLoans, all you need to do is a quick and straightforward process, and you will be ready to go.
  • Free service all over the U.S.: This network connects you with lenders all over the United States. The loans and repayment terms are small, so you can comfortably borrow the money you need with little fear of falling into a debt cycle trap.
  • Accessible and easy to use: You can connect with as many lenders as you need to before finding the right match for you by filling in the request form only once. That way, you can quickly review the terms and policies of each lender and compare the interest rates, repayment terms, and overall trustworthiness. The best part is that you hardly need to walk out of the house.
  • Easy-to-use website: This website can save you hours of driving around and considering different options. In just one click, you have at your disposal an entire directory of licensed lenders in the U.S.
  • Specialized in short-term loans, with repayment terms under 36 months: With BadCreditLoans, you can find a quick and reliable solution through which you can make sure you do not end up paying more in fees and interest than the original amount borrowed.


  • Request funds from $500 to $10,000
  • Service is free to use
  • 36-month repayment term
  • Swift funds disbursement
  • Accepts bad credit holders
  • Easy to use
  • Easy connection with multiple lenders


  • High interest rates to compensate for low credit scores
  • Relatively small loan amounts

⇒Visit the official website of BadCreditLoans

#3. CashUSA – Most Recommended for Fast Cash Loans Online


As an online payday loans marketplace, CashUSA puts at your disposal a vast network of licensed lenders in the U.S. Once you have provided your information, you get paired with a lender that can supply your needs. Best of all? It is a fully free service.

If you feel insecure with the lender at any point in time in your request, you can always just say no, as simply perusing the proposed lenders puts you in no compromise at all. So, before you agree to anything, be completely certain you know precisely what you need, and make sure to pick an option tailored to your needs.

Once connected with a lender, just make sure you read through their terms and conditions thoroughly. As a lending network, CashUSA does not control fair interest rates or payment terms, as those vary from lender to lender.

So, do not rush into anything that does not feel right. If a deal is not convenient for you, feel free to say no without guilt. Avoid a bad experience and do your research to choose what is best for you and your specific situation. The research in question includes reviewing repayment terms, annual percentage rates (APRs), lenders’ policies, and more.

With this online payday loans website, you are not restricted to essential expenses when applying for a loan. Go big, go small, or go home. With Cash USA, it is entirely up to you to decide what is worth the risk.


  • Request loans up to $10,000: With CashUSA, you can apply for loans starting at $500 and up to $10,000. The minimum monthly income requested to apply for a loan at CashUSA is $1,000. Once the loan is approved, you can receive the requested funds straight into your bank account within the following business day.
  • Educational resources provided: The CashUSA website has many educational resources and articles that can help you choose the right lender. Not only that, but they also offer valuable material that can help you efficiently spot any predatory lenders.
  • You can request a loan for practically any purpose: On some other lending platforms, it is practically impossible to get money for certain things. For example, if you apply for a loan and you state you would like to use it to renovate your home, you would be expected to do just that with the money. Even if another emergency comes up along the way, it will be unnecessarily difficult to get the approval required to divert the funds. However, one of the most significant benefits CashUSA offers is its leniency in the purpose of the loan requested. What one considers an emergency can be very subjective, so you can connect with lenders for all types of reasons with this marketplace. This flexibility gives you ample room to strive for any big purchase that you might not be able to make under different circumstances.
  • Multiple loan options: The loan options available on the CashUSA website include debt consolidation, business, emergencies, vacation, car repair or purchase, taxes, rent or mortgages, moving expenses, weddings, home improvements, medical bills, student loans, and major purchases. Essentially, it offers loans for a little bit of everything.


  • Request funds from $500 to $10,000
  • Free service
  • Quick funds disbursement after loan approval
  • Direct deposit into your bank account for easy access
  • Multipurpose loans


  • Relatively small loan amount
  • High interest rates
  • Multiple fees may complicate the repayment process

⇒Visit the official website of CashUSA

#4. Personal Loans – Top Choice for Same-Day Loans & Speedy Cash Installment Loans


With the help of Personal Loans, you can apply for — and get — loans for a wide variety of reasons. Plus, this online payday loans website offers a notably higher loan amount than any of the platforms listed below. If you are looking for a considerable sum, Personal Loans offers a good balance between immediacy, security, and affordability.

As with most online payday loan marketplaces, Personal Loans can put you in contact with lenders with interest rates ranging from 5.99% up to 35.99%, depending on your credit score. Keep in mind, however, that a lower score will likely mean higher interest rates.

If you are undecided about applying for a loan at all, you do not have to worry about damaging your score just by looking. A match does not mean a hit to your credit score, as that can only be affected if you fail to keep up with any incurred payments.


  • Request loans up to $35,000: Through Personal Loans, you can request funds starting at $1,000 and up to $35,000. Then, upon approval, the lender can deposit the funds directly to your bank account as soon as the next business day.
  • Minimum credit score of 500: This score falls on the upper side of a bad credit score (around 300-579). Any lower than that, and you will not be able to apply to any lenders within its networks. This means that unlike other networks in this online payday loans list, it is not as lenient to people with especially bad credit scores.

If your score falls on the fair-to-excellent side, you might want to consider other lending options with better interest rates. You can do some research on personal loans, credit union loans, bank loans, or others, and they might be a better fit for you and easier to handle. However, if all things are considered and an online lender seems like the better option, simply make sure to check all of the available information before making your final choice.

  • Easy accessibility to licensed lenders. Like many other listed platforms, Personal Loans offers accessibility benefits that in-person cash advances or pawnshops simply do not provide. The best is the ability to get a general overview of all available lending options.


  • Request funds from $1,000 up to $35,000
  • Free to use service
  • Get in contact with potential lenders in just minutes
  • Funds available the next business day
  • Loan repayment terms from 3 to 72 months
  • Multipurpose loans


  • High interest rates
  • Minimum credit score of 500

⇒Visit the official website of Personal Loans

How We Made This List

When looking for an online payday loans marketplace, you will undoubtedly come across a multitude of sites. One carefree search of “online payday loans” will offer thousands upon thousands of results. But, just because it is there does not mean it is trustworthy. That is especially true if we are talking about online services. So, how do you know the ones to trust?

When looking for a loan online, it is not only a matter of finding a website with a presentable design and legitimate-looking interface, as you also need to do a thorough inspection, checking to see if everything is in order. Because we have you at the forefront of our minds, we took care of that and curated a list of the top four most trustworthy online payday loans networks in the market right now. These websites offer a well-nourished directory of registered U.S. lenders that can answer your needs in a legitimate, secure, quick, and simple way.

What We Looked For

After an extensive search, we picked our winners based on the following standards:

  • Reliability: The same benefits online transactions offer — ease and accessibility — makes them equally vulnerable to deviant manipulation. In current times, it is far too easy to fall for a well-disguised trap, especially on the topic of money loans and other delicate information, as there are online predators and scammers abound. That is the reason you need to be even more careful, as protecting your information and your income is vital, especially if you are already in the middle of an emergency. We made this list taking into consideration the reputation and legitimacy of the networks we rounded up. So, these marketplaces all have broad networks of licensed lenders to fit your specific needs.
  • Availability: In most cases, the networks listed operate all over the United States without issue so you can get in easy contact with lenders in your state.
  • Functionality: These marketplaces all have user-friendly interfaces that allow easy and quick solutions to your problems. In addition, they let you actively compare all lender offers to make an educated bet on the best option for you.
  • Security: The lender networks all comply with industry-standard encryptions for higher security, ensuring your privacy and the correct handling of your delicate information.

How to Choose the Right Online Payday Loans Network

Each one of these four online payday loan marketplaces is a bridge between you and your potential lender. As such, they have no control over specifics, including interest rates, repayment policies and terms, and many more factors that come into play. As a result, it is up to you to verify the legitimacy of the lender.

The main advantage of payday loans is clear — immediate cash. But, the risks are many, so be careful when accepting an offer. You should dive into the how, when, and why of online payday loans.

Set Your Priorities

First and foremost, it is essential to have your financial priorities clear from the start. That way, you will know the sacrifices you are willing to make and when a risk is worth taking. Being honest with yourself upfront can save you a lot of trouble and stress and, perhaps more importantly, allow you to avoid falling into a debt cycle. So, before you accept an offer, exhaust all other options. Is there anyone you could ask for a personal loan? Could you request a credit union loan? Is the money you are looking to borrow genuinely essential?

Research Interest Rates

Online payday loans, overall, tend to come with higher interest rates. This is because most of these platforms serve people with lower credit scores, which is relatively riskier than lending to those with higher credit scores. Therefore, the lenders decide to hedge their bets on higher interest rates.

Aside from high rates, and in some cases because of them, taking on a payday loan can make meeting your monthly necessities even harder by creating an extra expense for you to meet. To top it all, if you are unable to meet your loan payments, this can further negatively affect your credit score, too. Since most of these loans are due to be repaid quickly, it can be way too easy to be late or altogether miss a payment. Most borrowers eventually renew their loans or finalize them only to return looking for a new one the following month.

The important thing is knowing how much or how little to take on. Remember, smaller amounts are more likely to be approved and also much easier to repay.

Military Service

If you are actively serving in the armed forces, are a veteran, or are related to one, you must provide this information. If not, make sure to make it known, as special requirements and accommodations apply to loans for people with military service.

Check the Lender’s APR Policies

One of the fastest ways to identify a bad deal is the little to no focus on the APR on the lender’s website. A trustworthy lender will be honest and upfront with you about the gross amount of your loan. If you cannot find the interest rates easily on a lender’s website, that is usually a big, bright red flag.

Incidentally, if the focus is on a long-term loan, that is usually a pretty good sign you should be looking at another option. Longer repayment terms — especially considering higher interest rates — can most certainly mean you will end up paying twice or even three times as much as you originally borrowed in interest alone.

Beware of TooGood Deals

Does your lender promise absolutely no credit checks? Are they offering the ideal amount and then some, with little to no inquiries? If a deal seems like it is too good to be true, that is probably because it is.

While these platforms are suitable for a fast and easy way to acquire money, you should still be wary of lenders trying to rush you into a decision or that are just a little too insistent you take their deal.

Many people online will take advantage of your desperation about wanting to handle an emergency. They will paint an ideal picture and then keep you hooked, in many cases driving you into a seemingly inescapable debt cycle — emphasis on seemingly. There are many ways to get out of a bad deal. But trust us, it is better to avoid them altogether. So, do not let your stress get in your way, and really do your research before accepting any deal.


After reading this article, we are sure you still have questions. This is understandable, as incurring debt of any kind is a hassle all in itself. Adding to that, the fear of scams, predatory loans, and other risks makes you second guess everything. But, as they always say, knowledge is power, so make sure you find out as much as you can before making any decisions.

Q1. What are the basic requirements to apply for an online payday loan?

Requirements will vary from lender to lender, but most online loan networks follow a basic list of requirements. For starters, you have to be a U.S. citizen or permanent resident of at least 18 years of age with a valid bank account. Depending on the network you choose, you will need to present proof of a monthly income of $800 or $1,000. Aside from that, you will need to provide a valid phone number and/or email address as well.

Furthermore, there are other specific requirements, such as credit history and other pertinent, additional information, to be finessed once you are in contact with a potential lender.

Q2. Do I need a checking account to apply for a loan?

Requirements vary. However, a valid checking account is almost always a must, especially if you are putting in the request online through one of the online payday loan networks listed above.

Once you have connected with a potential lender after filling in the form on the website of your choosing, you may verify the specific requests of the lender. This includes not only whether you need to have an active checking account but also other pertinent information such as rates, terms, and policies.

Remember, you are not obligated to accept any loan offer that does not fit your needs. If you have any reason to mistrust or be uncomfortable with the terms of the lender provided, you can always try with another one that offers you a better deal.

Q3. Can I apply for a loan if I have a low credit score?

Yes. In fact, online payday loans are generally more lenient for people with bad credit scores.

Do keep in mind, however, that with a lower credit score (580 or less, on average in the U.S.), you are more likely to get higher interest rates. These fees are the lender’s contingency to ensure their revenue from the loan. But beware — just because your score is below average does not mean you have to take on an excessive load. Always check all available options, and do not let desperation get the best of you. If you fail to do this, you may end up paying in interest more than twice as much as the amount you initially borrowed.

Q4. What if I cannot make my loan payment?

If you believe, for any reason at all, you will not be able to make the payment on your loan, you should contact your lender ASAP. Let them know your situation, and you may be able to arrive at a compromise. Alternatively, you may get a different due date that works for you.

The job of a lender should be to make your life easier, and as such, they should be able to accommodate you reasonably. Either way, it is better to be upfront about your budget to avoid any major issues.

Always make sure you are responsible for your loans. Do not enter a deal you know or think you may not be able to fulfill, as that will only serve to put you in a tighter spot financially.

Q5. Do payday loans affect my credit score?

Late payments or refusing to pay entirely can and will affect your credit score. Failing to make a payment will not only result in additional fees, but it will also reflect poorly on your credit. But, inversely, making your payments in time can also help you improve your score, thus opening up more options to you with every well-handled loan.

However, it is interesting to note that online payday loans are not all automatically listed in credit reports. It is up to your lender to report it, and most of them do not tend to. However, if you do not pay them, they may report it as a result. So, it is more likely a payday loan will affect your score negatively than positively. As stated, it is of the utmost importance to enter any loans responsibly, as you do not want to end up getting yourself into even more financial trouble than with what you started.

Q6. What counts as an income to apply for a loan?

There are many ways you can receive the minimum required money ($800-$1,000) without having a regular job, as payments related to social security, disability, pension, military, and more count as an income. It just needs to amount to the required minimum, which may vary depending on the platform you chose and your lender.

Likewise, if you are an independent worker, you can apply as well. You simply need to provide the legal name and phone number of your business.

Final Thoughts: Choose a Trustworthy Online Payday Loans Network

An online payday loans network can be your biggest ally in times of need. But, in the end, payday loans will only serve you if you know how to handle them. If you are not careful enough, you might fall into the trap of shady deals that can get you into an even deeper mess than you were in the first place.

So, it is important to remember that loans are not something to take lightly — however big or small they may be. If you are already struggling with expenses on a monthly basis, adding the payment of a loan will make it harder on you. The only thing these four marketplaces do is offer trustworthy solutions for you when nothing else seems like a good choice. But, they are not and should not become your go-to.

With these four online payday networks, you have a directory of licensed U.S. lenders that can help you get a payday loan in an emergency. However, you sould use the service wisely, and always double-check the lender’s policies before accepting any deal to save yourself the extra stress.

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Get $ 250 cash advance from Brigit Inc Thu, 14 Oct 2021 07:00:00 +0000

Get up to $ 250 whenever you need it. Build your credit while saving. No credit check. Of no interest. Access in 60 seconds.

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You can also track and monitor your credit score as well as get your full credit report.

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Brigit is not affiliated with Earnin, Dave, Cleo, Klover, MoneyLion, Albert, Digit, Cash App, Self Lender, Kikoff, Credit Strong or Credit Karma.

* The impact on score may vary and some users’ scores may not improve. The results will depend on many factors, including the timeliness of your loan payments, the status of your other non-Brigit accounts, and your financial history. FICO Score Factors:

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Key Players in Global Merchant Cash Advance Market 2021-2030 Wed, 13 Oct 2021 16:16:13 +0000

The Global Merchant Cash Advance Market is undergoing rapid changes due to new innovations, emerging players, price fluctuations, supply chain shortages due to market disruption caused by covid-19 and many other factors chaining the market. By providing a better analysis with the key factors in consideration and looking at the current and future market to assess the market in the coming years, this Global Merchant Cash Advance Market report acts as a useful source of the latest market information put on the market. up to date in the event of a pandemic and post-pandemic market status. The report examines the key forces driving the global Merchant Cash Advance market, with an emphasis on demand outlook, supply potential, margins in the countries and regions selected in the report.

The report also summarizes the implications of a stricter regulatory framework for all actors in the value chain. The Global Merchant Cash Advance Market Outlook provides an overview of the Global Merchant Cash Advance Market along with trends, demand, production, business status and price trends of the most demanded products, services, technologies, and platforms in the market. . The report explains recent market developments, drivers of macroeconomic demand, future forecast 2021 to 2030, supply outlook, historical demand, and import and export status. Elucidating the above aspects of the product, services, solution, technologies or platforms, the report presents the capacity outlook, supply potential, price and margin evolution, structure of costs and outlook.

For more information, inquire here:

The main players in the merchant cash advance market including:

  • Fund of funds
  • Credibly
  • American Express
  • Financial Forum
  • PayPal Working Capital
  • Square capital
  • National funding
  • Striped marquee
  • Lendio
  • cabbage
  • CAN Capital
  • Social finance
  • Carré inc.

Market divided by type, can be divided into:

  • Online cash advance
  • Offline cash advance

Market Divided By Application, Can Be Divided Into:

  • Banks
  • Credit card companies
  • Others

Fragment of the market for cash advances by zones, the territorial examination covers

  • North America (United States, Canada and Mexico)
  • Europe (Germany, UK, France, Italy, Russia and Spain, etc.)
  • Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia, etc.)
  • South America (Brazil, Argentina, Colombia and Chile, etc.)
  • Middle East and Africa (South Africa, Egypt, Nigeria and Saudi Arabia, etc.)

Get a free sample report on:

Questions the report helps answer:

  • What are the pricing options for products and services?
  • What are the current supply and demand developments shaping the global merchant cash advance market and those that will shape over the next decade?
  • How will demand evolve in the years to come?
  • What are the potential target markets for sourcing?
  • What is the potential of the global merchant cash advance market?
  • How will the stricter regulatory framework impact owners, investors, raw material suppliers and other market players?
  • What technologies and product innovations are in play in the global Merchant Cash Advance market?


Customization of the report:
This report can be customized to meet customer requirements. Please connect with our sales team (, who will make sure you get a report that’s right for you.

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Cash Advance Services Market 2021 Opportunities, Share, Trends and Forecast to 2030 Tue, 12 Oct 2021 16:13:23 +0000

The Global Cash Advance Services Market is undergoing rapid changes due to new innovations, emerging players, price fluctuations, supply chain shortages due to market disruption caused by covid-19 and many other factors chaining the market. By providing a better analysis with key factors in consideration and looking at the current and future market to assess the market in the coming years, this Global Cash Advance Services Market report acts as a useful source of the latest information on the market updates with the pandemic and post-pandemic market status. The report examines the key forces driving the global cash advance services market, with an emphasis on demand outlook, supply potential, margins in the countries and regions selected in the report.

The report also summarizes the implications of a stricter regulatory framework for all actors in the value chain. The Global Cash Advance Services Market Outlook provides an overview of the Global Cash Advance Services Market along with trends, demand, production, business status and price trends for products, services, technologies. and most popular platforms on the market. The report explains recent market developments, drivers of macroeconomic demand, future forecast 2021 to 2030, supply outlook, historical demand, and import and export status. Elucidating the above aspects of the product, services, solution, technologies or platforms, the report presents the capacity outlook, supply potential, price and margin evolution, structure of costs and outlook.

For more information, inquire here:

The major players in the cash advance services market, including:

  • Fund of funds
  • Credibly
  • American Express
  • Financial Forum
  • PayPal Working Capital
  • Square capital
  • National funding
  • Striped marquee
  • Lendio
  • cabbage
  • CAN Capital
  • Social finance
  • Carré inc.

Market divided by type, can be divided into:

  • Online cash advance
  • Offline cash advance

Market Divided By Application, Can Be Divided Into:

  • Banks
  • Credit card companies
  • Others

Fragment of the market for cash advance services by zones, the territorial review covers

  • North America (United States, Canada and Mexico)
  • Europe (Germany, UK, France, Italy, Russia and Spain, etc.)
  • Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia, etc.)
  • South America (Brazil, Argentina, Colombia and Chile, etc.)
  • Middle East and Africa (South Africa, Egypt, Nigeria and Saudi Arabia, etc.)

Get a free sample report on:

Questions the report helps answer:

  • What are the pricing options for products and services?
  • What are the current developments in supply and demand shaping the global cash advance services market and those that will shape over the next decade?
  • How will demand evolve in the years to come?
  • What are the potential target markets for sourcing?
  • What is the potential of the global cash advance service markets?
  • How will the stricter regulatory framework impact owners, investors, raw material suppliers and other market players?
  • What are the technological and product innovations at play in the global Cash Advance Services market?


Customization of the report:
This report can be customized to meet customer requirements. Please connect with our sales team (, who will make sure you get a report that’s right for you.

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How to get a merchant cash advance in New Jersey Wed, 06 Oct 2021 07:00:00 +0000

A merchant cash advance can be a lifeline when you need quick financing. If you’ve ever found yourself in a situation where you don’t qualify or can’t wait for a traditional bank loan, this type of short-term financing can provide you with working capital instantly. When you apply online with JSV Capital, the process is quick, easy and allows you to deposit money into your account within 12 to 48 hours. If you’re in New Jersey and considering a cash advance for your business, we’ll tell you what to expect and how you can get one today.

How do cash advances work?

While merchant cash advances are a convenient financing solution, they are quite different from traditional loans. Unlike a loan, a merchant cash advance does not require collateral to obtain financing and does not affect your credit score when applied for. Instead, a lender essentially invests in the future sales of your business in exchange for capital. This means that after receiving a lump sum, some of your income will automatically be taken to pay off your lender, whether it’s from your bank account or your business credit card deposits. Therefore, lenders have a low risk of loss if your business goes down. At JSV, ccontrol checks are required for all loan programs. However, they do soft credit so as not to affect the credit of the business owner.

The amount that borrowers are required to repay is calculated by a factor rate, which is different from an interest rate. Factor rates are designed to be directly proportional to the amount of money you have cashed out.

How to get a merchant cash advance in New Jersey

Of all the financing options, merchant cash advances are one of the easiest for business owners to obtain. In fact, their approval rates are 70% higher than traditional bank loans. Wondering how to get a cash advance from a merchant in New Jersey? Here are the steps to follow:

1. Find the right lender

Now that you know what you’re getting into, you’ll want to research a well-established alternative lending institution. However, not all businesses are created equal. There are many lenders in the New Jersey market, but companies like JSV Captial, for example, offer a transparent and merchant cash advance process. From quick signups to instant deposits, JSV Capital is the ideal lender for borrowers with low credit scores, no collateral, or those who are ineligible or cannot wait for a bank loan.

2. Complete an online application

Unlike many other financing options for your business, the process of obtaining a cash advance is simple and accessible. One of the features of JSV Capital is that the application can be completed entirely online within minutes, avoiding hours of paperwork. You will not be asked to provide any documents on your business history or tax documents. Instead, all you need to do is submit proof of income via bank statements or credit card purchases. Typically, borrowers who apply for a merchant cash advance from JSV Capital have been in business for at least three months with evidence of positive cash flow.

new jersey merchant cash advance

photo by Kaitlyn baker

3. Receive funding instantly

After submitting your application, a financial specialist will review your documents. After approval, you will receive your funds. On average, the process can take one to two business days. However, once approved, the funds will be deposited immediately. To make the cash advance process as smooth as possible, have your bank account number and / or routing number ready when you apply.

The amount of funding you can receive will vary depending on the lending company and your business performance of the company. At JSV Capital, New Jersey business owners can receive up to $ 1,000,000 through a cash advance from a merchant.

Financing options for your NJ business

No matter what industry your business is in, a merchant cash advance can help your business in the short term. It can provide assistance in the event of a financial emergency. Plus, you might need it to cover unforeseen expenses like broken hardware. Want to avoid late bill payments? A cash advance can bail you out.

Even if you don’t have an urgent need for resources, a cash advance still has its benefits. You can use it to supplement your payroll, buy new inventory, fill cash flow gaps due to seasonal fluctuations, and more. In addition to a merchant cash advance, JSV Capital offers secure and affordable financing options for your business in New Jersey.

Main picture by Tima miroshnichenko

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