Have you ever been in a situation where you need cash immediately? A lot of people are going through unexpected events and need more cash funds. MyCashNow is a lending service that offers cash advances to customers, so they can get the needed amount of cash quickly. This service can also be very helpful when the need for money arises and you are in between pay periods. That’s because so many businesses pay workers every other week, and people often find that on that off week they need more money. My Cash Now can help you in any of these cases. In fact, this service benefits millions of customers each year by lending cash immediately. A financial crisis could put a lot of stress on people. This company puts the needs of consumers first and will help them in any way possible. Cash advances are short-term loans, usually given for the length of a 14-day period. Loans are accepted based on your income and after the loan is submitted and approved, consumers obtain immediate access to cash.
Why My Cash Now is Better Than Bank Loans
It is true that banks offer loans at very much lower interest rates than payday loan companies. If you want to get a bank loan, you should follow the guidelines that vary from one bank to another. You should read all the instructions. It takes a great deal of time and effort to get everything done. In addition, all reports must be submitted and there should also be a guarantor, which is not the case with payday loans.
It is very important to provide banks with the credit check. If you have negative credit status or no credit score at all, you won't be able receive bank loans. It is also not possible to obtain loans from the bank if you are not working and do not have consistent income. When the bank reviews the documents and information you give, the loan application will be rejected if there is any discrepancy. You don’t have to worry about any of these if you decide to use MyCashNow.
How MyCashNow Works
My Cash Now is an online payday loan company, meaning that every application is submitted online. Thus, you won’t have to visit a bank to get your money. There are no limitations on credit, rendering such loans available to every individual. It often takes up to two weeks for traditional loans to be approved through a bank. A cash advance is the ideal choice when you are in need of fast cash. Customers have no need to worry about not being approved, as MyCashNow provides short-term loans to both good and bad credit customers. This relieves some of the pressure that a loan normally entails. MyCashNow aims to provide all customers with excellent services and support. Their company continues to expand and develop and provides consumers products in the United States. The application process is quick and easy, and usually takes just a few minutes. Once the application is submitted, the request is checked and a customer service representative will contact you to clarify the loan specifics.
Advantages of Using MyCashNow
- Site security. MyCashNow has a decent security similar to that seen on most other top payday loan websites. You have to register in order to be able to receive a loan. The company uses a secure https database to ensure that your personal information stays safe. Thus, you don’t have to worry about hackers or any other types of threat;
- Simplicity of use. MyCashNow is one of the best payday loan websites in terms of its simplicity. Generally speaking, approval for a loan electronically is much simpler than approval for a loan from a traditional institution. All you have to do to loan some cash from MyCashNow is fill out an online application form and provide the necessary documents. Keep in mind that you should have a checking account that is at least 90 days old and you must be 18 years of age and working for an employer that deposits at least $1,000 per month into your checking account. Your loan will be credited to your account within twenty-four hours after your candidature has been approved;
- Incredible savings. New customers can count on a 50% discount off the lending cost. Depending on the amount of the loan, this could lead to large savings. MyCashNow charges a fixed fee depending on the loan amount. The borrowing charge for each $100 borrowed is typically $18. Using this deal, new customers will be able save half of the sum on their first loan. In addition, MyCashNow has a Reward Program for loyal customer. Their system rewards returning customers. It will depend on how many loans you've had with the company and if they've all been paid back on time. Many customers will be able to save up to 30% on future loans. A charge and interest rate chart are available at www.mycashnow.com. The chart will help customers determine how much exactly they will have to repay when the loan is due. Cash advance loans are usually due 14 days after the approval. If there is a need to extend the loan, consumers should contact MyCashNow’s customer support to work out an extension;
- Friendly customer support. MyCashNow has a well-known customer service team, that is professionally trained and able to provide accurate information for all loan processes. It has call centers both in the United States and Costa Rica. The large number of customer service representatives makes them very easy to contact and the problem can be solved very quickly and efficiently. If you have any questions regarding a loan, you can contact them 24 hours a day, 6 days a week.
Amount of Money You can Borrow With My Cash Now
The minimum loan amount is $100.00, while the maximum is $1000.00. The lender can provide you with more money if your credit history and cooperation are "pure." The interest rate is determined independently. This broker specializes in paid-day loans only, and that’s why the loan is short-them. The exact time frame is also calculated by the lender. A consumer should have a permanent workplace for approval. In case he doesn’t, he should have another income source. It has to be verified in written form.
How Much Time It Takes to Get the Loan
The loan application submitted online at www.mycashnow-loan.com will be processed right away. The requested details will be checked and the balance of the loan will be credited to your savings accounts the same day. You will save a lot of time, money, and effort by making use of the loan through my cash loans.
It's also very simple to repay the loan. Upon payday, the money will be deducted automatically from your salary account. You must make sure that sufficient funds are readily available to allow you to sustain your commitment. If you can clear the amount of the loan, you will also have the chance to obtain a new loan.
MyCashNow Security Policy
The government adopts precautionary measures to protect both the creditor and the borrower's interests. The lender is responsible for maintaining the personal information of the customer and keeping you up to date on the status of your loan. At the same time, the borrower is responsible for paying back the loan on time. My Cash Now’s application form is secured by default encryption methods. It means that no-one can take a loan without your permission on your behalf.
Frequently Asked Questions
What Is A Payday Loan?
- A payday loan is a small unsecured loan, usually ranging from $100 to $1,000, which is arranged until your next payday to meet your financial needs. Essentially, you make a check on the balance of the advanced loan, plus a charge, until your next payday.
Payday loans include cash advances, short-term loans, installment advances, money loans, fast cash loans, bad credit loans, deferred deposits, etc. Regardless of what you call them, they can really help you out when you are having a hard time.
Instead of paying late bank charges and selling goods, private payday loans are a perfect way to get yourself back on track.
MyCashNow helps you find a lender for a payday loan. Their vast network of lenders will review your loan request to find a borrower that can provide you with a bid. When sending a loan application to My Cash Now, you can be sure that the experts will review and most likely approve it.
If your loan accepted, you will be able to get the cash within the next 24 hours.
What Are The Requirements For A Loan?
- The minimum requirements for submitting a payday loan application are:
You have to be at least 18 years old;
Have a job (or other source of income);
You are required to have an active open bank account
To be eligible for a loan, you have to meet the requirements of the particular lender you are associated to. Based on its own set of eligibility requirements, the lender must review your application and decide if you are eligible. The acceptance of your loan may be influenced by factors such as wages, direct deposit of your salary, previous payday loan background, etc.
If a lender approves your loan application, your assigned lender will contact you directly and request additional details to approve the application. Payday lenders use proprietary standards to assess each application and when your request meets their requirements, they will accept your loan.
Please be sure to fill out the online form with accurate verifiable information in order to maximize your chances of getting linked to a lender and eventually be approved for a loan. For instance, entering a cell phone number instead of a home phone will make the details more difficult to verify and most of the lenders will not approve applications that can not be checked.
How Can I Get A Payday Loan?
- All it takes is to complete the online form and submit it on MyCashNow website. They will then do their best to connect you with a lender online.
You may be required to sign electronically and agree to the terms of the loan if you are linked to a borrower. There's no obligation to accept the loan, though. If you are not happy with the terms of the loan, just don't sign it and make another application to see if you can be linked to another lender.
How Long Will I Have To Repay The Loan?
- Typically, your loan is due on your next pay day. Nonetheless, the majority of lenders will encourage you to extend the loan by paying an additional fee.
You will be led to your lenders loan documents once you are linked to a lender. Here are the things that you can do when the load is due:
Fully pay off the loan;
Renew the loan and pay interest and fees only;
Renew the loan and pay interest and part of the principal.
How Can I Receive My Money?
- Your lender will wire the payday loan / cash advance directly into your bank account. MyCashNow.com partners with a network of lenders, some of whom, if accepted, may deposit money in your bank account within 1 business day.
How Fast Will I Get My Cash?
- Usually, payday lenders process the loan right away, so it will be available on your account the next business day after acceptance of the loan.
What Hours Is Your Service Available?
- You can apply for a loan every day of the year, 24 hours a day.
Nevertheless, if you are linked to a loaner, the processes will often require additional checking that can only be done during normal business hours. Please note that lenders can only deposit money to your bank account only when your bank is open.
You can submit your loan request at any given time. Since we only connect you to lenders that are available to assist you in real time, you may have more chances of finding lender during normal business hours as not all lenders are working on weekends and holidays.
How Much Money Can I Have Advanced To Me?
- You can submit a loan application for up to $1,000 on MyCashNow.com. The lender will most likely give you a smaller loan until you establish a payment history with them.
All in all, My Cash Now is an exciting company that keeps growing. Customers seem to like their business approach. Since they provide customers with the kind of good service that makes people come back, My Cash Now has seen its business grow quickly. Their commitment to good customer service, together with their will to test new technologies to the advantage of their clients, are two things that set this company apart and make it really promising.