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OpenCashAdvance.com payday loans review October 2017

If you need a short-term loan, try OpenCashAdvance.com’s free lender-matching service.

Sometimes you find yourself in a financial pinch and need funds. If you have nowhere to turn, you might be considering applying for a cash advance loan, a short-term loan that you repay on your next payday.

OpenCashAdvance.com may be helpful. Tell them a little about your situation, and they will match you with a lender who fits your credit profile.

What kinds of loans does OpenCashAdvance.com offer?

OpenCashAdvance.com specializes in matching you with lenders that give cash advance loans between $100 and $500. They also have lenders offering installment loans up to $5,000.

Compare OpenCashAdvance.com to other lenders

Rates last updated October 22nd, 2017
Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
Name Product Product Description Maximum Loan Amount Term of Loan Turnaround Time Requirements
LendUp Payday Loans
LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.
$250
7–30 days
generally receive the money the next business day
Be 18+ years of age and have a checking account that can accept electronic transfers.
CashNetUSA Loan
Apply for a short-term loan with an easy online application and dedicated customer service.
Varies by state
Varies by state
1 business day
You must be a US citizen or permanent resident, be at least 18 years old and have regular income and a bank account.
Check into Cash Payday Loan
With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.
$1,000
Varies by state
1–2 business days
You must be at least 21 and an American citizen and have a bank account, email address and phone number.
ACE Cash Express Payday Loans
Quick short term, installment and title loans come with no prepayment penalty and a 72-hour satisfaction guarantee.
Varies by state
Varies by state
Generally receive the money the next business day
Must be 18+ years old, have a steady source of income and a checking or savings account. Must not be a debtor in bankruptcy.

Compare up to 4 providers

How does OpenCashAdvance.com work?

Though you’re more likely to obtain a cash advance loan if you meet certain requirements (currently employed, at least $800 in monthly income, etc.), you can apply even without a job or stellar credit.

OpenCashAdvance.com’s services are free to use, and you can quickly see if you’re approved by filling out the no-obligation loan request form.

After you submit your application, you’ll be notified if there’s an appropriate lender for you. If you are, you’ll be redirected to the lender’s website where you can view your loan offer. Look these over carefully so you know exactly what you’ll be paying.

If the lender approves you for a loan, they will deposit the money into your bank account, generally within one business day, though it might take a few days for your bank to process the loan completely.

There’s more you should know about how loan brokers work before you apply

What are the features of a OpenCashAdvance.com cash advance loan?

  • Bad credit is OK. Regardless of your credit, you’re welcome to apply for a loan at OpenCashAdvance.com. They will go through their network of lenders to find a match that fits with your needs.
  • Find out quickly if you’re approved. To obtain a loan, just fill out the form on OpenCashAdvance.com and you’ll learn in a few minutes whether you’re matched with a lender.
  • No obligation. Filling out the form doesn’t mean you’re locked into a contract. You choose whether to accept the terms of a loan after you’re matched.
  • Accredited service. OpenCashAdvance.com is accredited by the Online Lenders Alliance (OLA), meaning they follow a list of best practices to ensure you find the best loan for you.

Read our page on the Online Lenders Alliance (OLA)

What will it cost to take out a cash advance loan?

OpenCashAdvance.com does not charge any fees to use its service.

If the site matches you with a lender, be sure to read your lender’s terms for fees and rates. Interest rates on cash advance loans through third-party lenders can range from 200% to 2,290% and you may also need to pay financing fees once you receive your loan.

Other fees may be added if you are late or miss a payment entirely. Always be sure you can pay back money within your next payday before you borrow any money.

What are the requirements to apply for a loan?

Lenders who offer cash advance loans want to know they have a high probability of being repaid, so they are more likely to offer you a loan if you meet certain requirements.

Eligibility requirements:

  • Be at least 18 years old (varies by state)
  • Have an income of $800 or more in wages each month
  • Have a valid bank account
  • You are a resident of the United States

Required information:

  • Your name, residential address, birth date, email address and phone number
  • Your Social Security number and driver’s license number
  • Your employment information (job title, employer name and monthly net income)
  • Your bank information (bank routing number and account number)

Though meeting these qualifications makes it easier to obtain a loan, you may still be approved for a cash advance loan without meeting the listed requirements. OpenCashAdvance.com allows anyone to apply for a loan even with poor credit or prior bankruptcies.

Are payday loans available in my state?

Frequently asked questions

A payday loan, also known as a cash advance loan, is a short-term personal loan (typically $500 or less) that is usually repaid within two weeks to four weeks. The repayment date is determined by your pay schedule. Because payday loans come with steep finance charges, it is not a long-term solution, but a temporary fix to an unexpected financial situation. Rules and regulations for payday loans vary from state to state.

There are a few things you should know about cash advance loans in order to make the right decision for you and your family.

First, you should generally only take out a cash advance loan in emergency situations because this type of loan is typically a short-term, one-time solution. If you have structural financial problems that cause you to have difficulty repaying debts, you should consider credit counseling.

Second, you’ll want to make sure you can repay your cash advance loan in a timely manner. Missing the due date on your repayment will result in additional charges. Avoid digging yourself into a deeper financial hole by taking on debt you can’t afford.

Third, before accepting a cash advance loan, be sure to read the lender’s terms and conditions carefully. It’s important to read the fine print so you know exactly what you are paying and when it is due.

No, OpenCashAdvance.com does not charge any fees to use its service. The website matches you with prospective lenders, and if you decide to take out a cash advance loan, then they will receive a commission from the lender.

Through the OpenCashAdvance.com website, you’re allowed to request up to $5,000. However, the maximum amount you will be able to borrow will be determined by the lender you are matched with and the regulations of your state.

No. If you don’t have a job, OpenCashAdvance.com will try to match you with lenders that offer loans to unemployed individuals. Remember that a lender may ultimately choose not to lend to you if you are not employed.

When you are approved, your cash advance loan will be deposited in the bank account you provided when applying through OpenCashAdvance.com.

Unfortunately, because OpenCashAdvance.com works with many lenders, it isn’t possible to know beforehand what the repayment schedule of your cash advance loan will be. When you are matched with a lender, be sure to carefully read the terms and conditions of your cash advance loan. You will learn the interest rate and fees you’ll pay, as well as the repayment date.

Since you’ll provide your bank account information while applying through OpenCashAdvance.com, you may have the option to make an automatic repayment to your lender from your account.

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