How to Tell if a Cash Advance Company is a Scam

Working with a cash advance company can be a great experience; it can provide money when you most need it; and it can help you out when payday can’t come sooner. But, if you work with a company that isn’t legit, you’ll pay the price. Here are some smart things to consider when you head online to manage credit card debt and other expenses with a cash advance.

A Reputable Cash Advance Company Can Work Online

Don’t be afraid to go online to work with a cash advance company. It’s wrong to assume that a financial business that doesn’t have a brick-and-mortar office for borrowers is necessarily a scam. There are more and more cash advance lenders working online because it’s faster, more convenient, and keeps costs down for consumers.

Look for Real Contact Information for a Cash Advance Company

If you do go online to find a cash advance company, you’re likely to have a great experience. You can expect to have a more convenient application process, a quicker process overall, and an easier way to get approved for a small loan. One important thing to look out for with lenders working online is a legitimate set of contact information. A real company will have a way you can call and an actual address. If you can’t contact the lender you’ll work with—even if you don’t need to—it’s not a good idea.

A Cash Advance Company Should be Backed by Real Lenders

Find out what the cash advance company offers in terms of lenders. Is the service backed by one or more professional, real lenders? If so then you can probably rely on the company to be the real deal. Our lending service matches you to a lender from a pre-screened, exclusive network, so you don’t have to worry about finding one on your own.

A Real Cash Advance Company Won’t Charge You in Advance to Borrow

A big red flat is a cash advance company that charges you a fee before you ever get a loan. You shouldn’t have to pay any interest or fees until you have the cash in hand and your loan payment is due. Lenders earn money from interest on payments, not random fees. If there is a fee up front, it’s likely a scam and you should try another service.

Take Care of Credit Card Debt and Other Money Problems the Right Way

The right way to pay off credit card debt, get bills paid, and cover other expenses is to work with a lender that is reputable and that provides great service. An online cash advance company can provide that great lender. You’ll be able to apply at your convenience, online or with an app, get approved in minutes, and get cash in 24 hours or less. It should be easy, not sketchy to borrow with a cash advance, and it can be if you follow these smart tips.

How to Tell if a Cash Advance Company is a ScamBy Scott Lobo - 12/28/18