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Apply for a loan of up to $1,500 with no credit check. The catch? You must have an income of at least $1,800 and less than 3 NSF charges or stop payments in the past 3 months.
It issues funding via direct deposit or instant e-Transfer, too.
We’re not giving it our sign-off on legitimacy. For starters, the Laval, Quebec-based company doesn’t have an official office address (it simply lists a mailing address) nor does it have a phone number for customer service. This is a red flag. Its contact details are a single email address.
While its application refers to a connection to Presto Brokers Inc., which was registered in the Quebec business database in November 2021, the website has an overall Trustscore of 1/100 on Scam Adviser. It’s not accredited by the Better Business Bureau, but its profile on the site has an average rating of 4.12 out of 5 stars based on 86 reviews. PrestoCash has 3 out of 5 stars on Trustpilot based on 4 reviews.
Information above is as of April 19, 2023.
If you’re thinking of working with PrestoCash, here are its features:
There are key red flags every borrower needs to be wary of before proceeding with PrestoCash. They include the following:
It depends on how long it takes you to repay your loan. Bear in mind that PrestoCash loans are open-ended so you can pay off your balance at any time and you’re only charged for the pro-rated balance. PrestoCash offers these scenarios to help you envision how much your loan may cost you:
To be eligible for a PrestoCash loan, you must meet the following criteria:
Applying for a PrestoCash loan is easy. Simply head to its website and follow the prompts on the application page. PrestoCash says it only asks you 12 questions:
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