About Lender
Approved Cash, by Flex Revolution, LLC, is a financial services company that offers payday loans, installment loans and title loans. Founded in 2004 and based in Cleveland, Tennessee, they have over 200 locations in multiple states. In Alabama, Louisiana, Michigan, Mississippi, Oklahoma and South Carolina they are Approved Cash. In Nevada it is Liberty Loans and in Alabama, Louisiana, Michigan, Mississippi, Oklahoma, Idaho, Utah and Texas it is Liberty Tax & Loans.
One of the best things about Approved Cash is their online application process, so you can apply for a loan from the comfort of your own home. The website has all the information you need to decide if you should apply for a loan. They specialize in payday loans—short term loans due on your next payday—for those who need cash fast for unexpected expenses like car repairs or medical bills.
Key Features
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Online application. Approved Cash has an easy online application process so you can apply from home.
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Multiple locations. The company has over 200 locations in multiple states in the US where a branch manager will help you with what you need.
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Fast approval. The approval process is fast so you can get your cash the same day you apply for a loan.
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No credit check. Approved Cash doesn’t do credit checks for payday loans so it’s a popular choice for those with bad credit or no credit at all.
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Transparent fees and charges. On the company's website, you can see clear information on the fees and charges for your loan so you can decide if you should apply
Pros and Cons
Pros
Fast approval. Approved Cash has a fast approval process so you can get your cash the same day you apply for a loan.
No credit check. The company doesn’t do credit checks for payday loans.
Online application. Approved Cash has an easy online application so you can apply from home.
Cons
High interest rates. Like most short term lenders Approved Cash charges high interest rates.
Debt cycle. If you can’t pay your loan on time you may be charged additional fees and charges which can make it hard to pay off your loan and may lead to a debt cycle.
Not a long term solution. Approved Cash loans can get you cash when you need it but are not a long term solution to your financial problems and should not be used as a regular income.
Reliability
History. Approved Cash has been around since 2004.
Privacy and Security. The company has strong policies in place to protect customer information, privacy and security.
Licensed and Regulated. Approved Cash is licensed and regulated by state and federal authorities so you know they are following the rules and your rights are protected.
Customer Reviews. While not perfect, Approved Cash gets good reviews from customers so they have a track record of being reliable and professional.
Regulated. Being regulated means an extra layer of protection for you that Approved Cash is a legitimate and trustworthy company.
How to Apply for an Approved Cash Loan?
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Visit website. Start by going to official page Approved Cash. Decide whether you need a Payday Loan or a Title Loan.
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Location Search. Use the website to search for a location near you. This is important as you may need to complete certain steps in person.
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Pre-Application Form. Complete the pre-application form available on the website to get pre-qualified.
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Loan Application. For detailed loan application steps, you may need to either apply online, visit one of their convenient locations, or call 833-979-6654 to get pre-qualified.
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Required Documents. Prepare and bring the necessary documents based on the type of loan you are applying.
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Final Steps. Follow through with any additional instructions provided by Approved Cash to complete your loan application. This might involve verifying your information, discussing loan terms, and signing agreements.
Conditions and Requirements
Conditions
Loan Amounts. $100 to $1,500 for payday loans, more for installment loans and title loans.
Interest Rates and Fees. Varies by loan type and state. Payday loans have higher interest rates and fees than installment loans or title loans.
Repayment Terms. Payday loans due on your next payday, installment loans over several months.
Requirements
Government ID. Government issued ID to verify your identity.
Most recent pay stub. Proof of employment and income.
SSN. Documentation of your Social Security number.
Bank statement. Evidence of active bank account.
Blank check. Blank check from your bank account for loan processing.
Ways to Receive the Money
If you are approved for a loan from Approved Cash, there are several ways you can get the cash depending on the type of loan you applied for. For payday loans the cash is deposited directly into your bank account, often the same day you apply. For installment loans the cash is deposited into your bank account but in multiple disbursements over the life of the loan. For title loans you will get the cash in the form of a check. But before you accept any loan make sure to read the terms and conditions so you know how and when you will get the cash and any fees or charges.
Products
Payday Loans. A payday loan is a short term loan to get cash when you need it. Payday loans have high interest rates and are due on your next payday. Also known as cash advances.
Installment Loans. Approved Cash also offers installment loans which are longer term loans repaid in installments over several months. Installment loans are good for customers who need to borrow more and want to pay it back over time.
Title Loans. Title loans are secured loans that use your vehicle as collateral. You can borrow against the value of your vehicle and pay back the loan over time.
Check Cashing. Approved Cash offers quick check cashing with competitive rates for various types of checks, money orders, payroll, personal, cashier's, government, income tax refund, and insurance settlement checks.
Other Personal Loans
Reasons for Loan Refusal
Approved Cash does not list specific reasons for denial but you can infer several possible reasons why your loan application may be denied. These include insufficient income or unstable employment history which can affect your ability to pay back the loan. Lack of required documents such as government ID, recent pay stubs, SSN, recent bank statement or blank check for payday loans and clear title for title loans can also be a reason for denial. Approved Cash emphasizes the importance of providing complete and accurate documents and meeting their loan requirements to make the approval process smooth.
How to Repay an Approved Cash Loan?
Paying back an Approved Cash loan, especially payday loans, is automatic, borrowers write a check from their personal checking account to pay in full. But repayment terms may vary by state. Making payments through the website is the easiest way. Loan payment terms may also vary as Approved Cash works with different banks as stated in the loan documents.
Loans like Approved Cash
OppLoans
OppLoans is a notable financial service provider that offers consumer loans varying from $500 to $4,000. They expedite the funding process to ensure that approved applicants receive the necessary funds promptly, which is advantageous for those dealing with immediate financial concerns. OppLoans offers adaptable repayment conditions, giving customers the choice between 9, 12, and 18-month loan terms. This adaptability allows borrowers to opt for a repayment plan that matches their financial ability, ensuring a seamless and manageable loan journey.
Rise Credit
RISE Credit is a reliable online lender that provides loans up to $5,000. They have a streamlined application procedure, allowing borrowers to have funds transferred to their accounts as early as the next business day. They present the flexibility of choosing a payment schedule that fits with the financial preferences of the customers, although some state-based restrictions might apply. A notable feature of RISE Credit is its 5-Day Risk-Free Guarantee, which permits borrowers to revoke their loan and return the principal with zero fees or interest within the given period. Additionally, RISE Credit grants customers complimentary access to their credit score and credit monitoring alerts through Credit Score Plus, offering valuable financial insight.
OneMain Financial
OneMain Financial stands as a distinguished and enduring lender, offering personal loans that range between $1,500 to $20,000. Boasting a century’s worth of experience in the financial sector, they have garnered the trust of a vast customer base. Their loan terms include fixed rates and fixed payments, offering a predictable and manageable repayment scenario to borrowers. OneMain Financial emphasizes personalized service, ensuring that the distinct needs of each customer are addressed. With a widespread network of approximately 1,400 branches, they provide easy access and convenience for individuals in search of financial aid.
Universal Credit
Universal Credit requires applicants to have a minimum credit score of 560, thus excluding those with no credit history. It is appealing for its credit-enhancement features, making it suitable for individuals with fair or poor credit looking to better their scores. Providing larger loan amounts than Oportun and next-day funding upon approval, it emerges as a solid choice for significant, urgent financial needs. Universal Credit extends its loan services across all 50 states and Washington, D.C., offering a wide geographical coverage.
Editorial Opinion
Important
How to Choose a Lender
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Make sure to confirm whether the lender is licensed to operate in your state. You can verify this information with your state regulator or attorney general.
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Check if the lender is a member of a reputable association, such as the Community Financial Services Association of America. Membership in such organizations may provide an extra level of reliability.
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Carefully review all the terms and conditions of your payday loan contract.
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Thoroughly examine the interest rates on payday loans and ensure that your contract includes a detailed breakdown of the total cost of the loan.
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Take advantage of your right of rescission. Usually, you can rescind the loan within three days after signing the agreement. Alternatively, there is typically a "cooling-off" period, which allows you several days to thoroughly review the contract before making an informed decision to enter into a consumer loan agreement based on the terms specified by the lender.
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Choosing a payday lender is a significant decision that demands careful consideration and a good understanding of how such organizations operate.
Additional Resources
- Full Approved Cash Account Review
- How to Apply for an Approved Cash Loan
- How to Repay an Approved Cash Loan
- Approved Cash Customer Reviews
- All Approved Cash Coupons and Promo for February 2025
- Approved Cash Loans for February 2025
