What Are Fast Money Loans?
Fast money loans
Cash advances are quick, short-term and expensive loans of up to $ 1,000. Borrowers pay the loan in full plus interest and fees on the next payday. Fast money loan seekers are people who need fast money but do not have the prepayment function of a credit card or traditional bank loan.
How much does a fast money loan cost?
Although conditions vary, high-interest rates are a constant feature of a fast money loan. These prices vary between $ 10 and $ 30 for every $ 100. This means that the borrower pays between $ 50 and $ 150 for each $ 500 loan he borrows. This equates to an annual interest rate of over 400% for a typical two-week loan of USD 15 for USD 100. In comparison, credit card companies charge between 12% and 50%.
What is the legal status of fast loans?
Fast money loans are currently legal in 32 of the 50 states. The laws of 15 states protect borrowers by limiting interest rates, loan amounts, and APR. Lenders who work online are subject to the laws under which the borrower receives loans. The standard term of the quick money loan is two to four weeks. Extension of the loan is not possible in all states. Borrowers from countries where fast money loans are prohibited should consider other types of online loans, such as B. installment loans or personal loans.
How Can I Apply For Quick Money Loans Online?
It is easy to apply for a loan through our website. First, fill out our secure application form. Upon receipt of the request, one of our lenders will submit an immediate loan offer. Tomorrow should be read, signed and awaiting final approval. The money will be deposited into your specified bank account on a business day, and some applicants are eligible for same-day financing!
The requirements for cash loans are very simple: the borrower must be at least 18 years of age, have a proven source of income, have an active bank account and be a US citizen or permanent resident.
How can DirectLoansLenders help?
ExpressCash.com helps borrowers find good lenders on affordable and flexible terms. We are a reliable online service that helps our clients meet their short-term financial needs. Up to 98% of our customers can recommend family and friends as a legitimate and reliable service!