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
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.
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.
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.
- 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
- 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.
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Frequently asked questions
What is a payday loan?
Is there anything I should know before taking out a cash advance loan?
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.
Does OpenCashAdvance.com charge any fees?
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.
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 and the regulations of your state.
Do I have to be employed to apply for a cash advance loan?
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.
How will I receive my cash advance loan?
When you are approved, your cash advance loan 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 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.