If you need a short-term emergency loan, try Open Cash Advance’s free lender-matching service.
Sometimes you find yourself in a financial pinch and need funds immediately. In this case, consider applying for a cash advance — a short-term loan that you repay as you receive your next paychecks. The Open Cash Advance website may be helpful, allowing you to submit your information so it can match you with a lender that fits your credit profile.
Though you’re more likely to obtain a cash advance if you meet certain requirements (current employment, at least $800 in monthly income, etc.), you can apply for a loan even without a job or without stellar credit. The Open Cash Advance website is free to use and you can quickly see if you’re approved by filling out the no-obligation loan request form.
What loans does OpenCashAdvance.com Payday Loans offer?
OpenCashAdvance.com specializes in what is known as cash advances, which are short-term cash loans. These are also called payday loans, because you generally start repaying them when you receive your next paycheck.
- Product Name: OpenCashAdvance.com Payday Loans
- Loan Term: Varies based on the lender
- APR: Varies between 200% to 2,290% depending on the lender and your state of residence
- Borrower Maximums: Not specified
Are payday loans legal in your state?
Hover over your state of residence (or click on your state if you’re using a mobile device) to find out if payday loans are legal in your state.
How does OpenCashAdvance.com compare?
Features of the OpenCashAdvance.com Payday Loans
- Apply even with poor credit. Regardless of your credit, you’re welcome to apply for a loan at Open Cash Advance.
- Find out quickly if you’re approved. To obtain a loan, just fill out the form on OpenCashAdvance.com and you’ll see in a few minutes whether you’re matched with a lender.
- No obligation. Filling out the form does not mean you’re locked into any contracts. The form is merely used to pair you with the right lender; you can choose whether to accept the terms of a loan after you’re matched.
How does OpenCashAdvance.com work?
1. Fill out the form
To start the process of getting a loan, all you need to do is click on the “Go to site” button on this page and fill out the loan request form. You’ll input information like your name, address, contact information, amount you’re requesting, employment information, and bank information. This is a no-obligation form, so don’t worry about locking yourself into any contracts.
Keep in mind that OpenCashAdvance.com is not your lender. Instead, it will match you with a lender that fits your credit profile.
2. Get matched with a lender
If OpenCashAdvance.com pairs you with a lender, you will have an opportunity to read the terms of your loan before you accept it.
After you submit the form, you’ll be notified within minutes if there is an appropriate lender for you. If that is the case, you’ll be redirected to the lender’s website, where you can view your loan offer and the terms of the offer.
3. Accept the loan terms and receive your funds
Make sure to read the lender’s terms carefully. If the lender approves you for a loan, the lender will deposit the money into your bank account (generally within one business day).
What will it cost to take out a cash advance?
OpenCashAdvance.com does not charge any fees to use its service. If the site matches you with a lender, however, be sure to read your lender’s terms for fees and rates. Interest rates on cash advances through third-party lenders can range from 200% to 2,290%. Also, you may need to pay fees for receiving your cash advance.
How safe is OpenCashAdvance.com?
OpenCashAdvance.com is a member of the Online Lenders Association (OLA), and abide by a Code of Conduct and list of Best Practices to make sure customers receive fair treatment and remain fully informed. OpenCashAdvance.com keeps all of your personal information safe and secure using the latest in encryption technology.
More information about the Online Lenders Alliance (OLA)
What are the requirements to apply for a loan?
Lenders who offer cash advances 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.
- You have a job
- You receive $800 or more in wages each month
- You have a valid bank account
- You are a resident of the United States
- You are 18 years of age or older
Required documents and information:
- Your name, residential address, birth date, email address, and phone number
- Your Social Security number and driver’s license number
- Your employment information, including job title, employer name, and monthly net income
- Your bank information, including your bank routing number, and your account number
Though meeting these qualifications makes it easier to obtain a loan, you may still be approved for a cash advance without meeting the listed requirements. OpenCashAdvance.com allows anyone to apply for a loan even with poor credit or prior bankruptcies.
Frequently asked questions
What is a cash advance?
A cash advance simply means you get a short-term loan for a small dollar amount. Individuals and families generally take out cash advances when they’re in a pinch: they need to pay for urgent house repairs, unexpected bills, medical expenses, or other things of the sort. It’s generally expected that you start paying off a cash advance as soon as you get your next paycheck — hence why a cash advance is often called a payday loan.
Is there anything I should know before taking out a cash advance?
There are a few things you should know about cash advances in order to make the right decision for you and your family. First of all, you should generally take out a cash advance only in emergency situations because this type of loan is typically a short-term, one-time solution. If you have structural financial problems that give you difficulty paying debts, you should consider credit counseling.
Second, you’ll want to make sure you can repay your cash advance 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 cannot afford.
Third, before accepting a cash advance, be sure to read the lender’s terms and conditions carefully. It’s important to read the fine print so you know the rates and fees you’ll pay and so you won’t be surprised by unexpected requirements.
Does Open Cash Advance charge any fees? How does the website make money?
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 then they will receive a commission from the lender.
How much am I allowed to borrow?
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.
Do I have to be employed to apply for a cash advance?
No. If you do not have a job, OpenCashAdvance.com will try to match you with lenders that offer loans to unemployed individuals; however, remember that your lender may ultimately choose not to lend to you if you are not employed.
How will I receive my cash advance?
When you are approved, your cash advance will be deposited in the bank account you provided when applying through OpenCashAdvance.com.
What will my repayment terms be?
Unfortunately, because OpenCashAdvance.com works with many lenders, it isn’t possible to know beforehand what the repayment schedule of your cash advance will be. When you are matched with a lender, be sure to carefully read the terms and conditions of your cash advance. You will learn the interest rate and fees you’ll pay, as well as repayment dates.
Since you’ll provide your bank account information while applying through OpenCashAdvance.com, you may have the option to make automatic repayments to your lender from your account.