About lender
Cash For Whatever is a financial services company that offers online personal loans that you can pay back in installments. Based in Chicago, Illinois, USA.
Cash For Whatever will keep you updated. They are proud of fast turnaround time and so are their partner lenders. They may approve your online application in minutes and you can get the money in as little as 1 business day. Actual loan terms, fees, interest rates and other loan terms will vary based on your qualifications and state.
Key Features
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Pricing. Cheaper than tribal lenders and payday loans. Cash For Whatever offers discounts to customers.
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Customer Service. They offer great customer service through multiple channels. Members get access to email content, private Facebook group and online events for free.
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Reputation. No profile on Better Business Bureau but good reviews on Trustpilot.
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Speed. Fast and efficient from purchase to delivery or payment.
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Availability. Apply in Texas, Missouri, Wisconsin, Utah, South Carolina and Illinois.
Pros and Cons
Pros
Fast. Quick and easy way for customers to get cash when they need it.
Lower Credit Requirements. Applicants with bad credit can apply for a loan and get funded. May not even do a credit check.
Online Application. Cash For Whatever allows customers to apply for loans or other financial products online. Easy to do from the comfort of your own home.
Flexibility. May offer flexible repayment terms or loan amounts so customers can choose what works best for them.
Cons
High Interest Rates. Lender charges high interest rates on loans. Not a long term financial solution.
Short Repayment Terms. Cash For Whatever requires customers to repay loans in a short period of time which can be tough for some borrowers.
Risk of Debt. Lender promotes short term loans which can lead to customers accumulating a lot of debt if they can’t repay loans or other financial products.
Reliability
Better Business Bureau. Cash For Whatever has a D- rating on Better Business Bureau and is not accredited by BBB. 3 complaints in the last 3 years.
Reviews. Customer reviews give the company 1/5 on BBB and 4.6/5 on Trustpilot.
Accreditation. Cash For Whatever is a member of Online Lenders Alliance. The Alliance sets the standards for online lenders and monitors the Internet for bad actors. Cash For Whatever is licensed in the states it operates.
Disclosures. Company allows potential borrowers to see the terms before they apply. Good to see so you can decide if the lender is good before you engage with them.
How to Apply for a Cash For Whatever Loan?
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Visit the Website. Go to the official Cash For Whatever website.
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Click "Apply Now." Find the "Apply Now" button on the homepage and click it.
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Enter Your Personal Details. Provide your full name, email, and create a password for your account.
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Input Birthdate and SSN. Enter your birthdate and Social Security Number (SSN) for verification purposes.
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Provide Phone Number and Monthly Income. Enter your phone number and specify your monthly income.
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Choose Communication Preferences. Select how you would prefer to be contacted, and indicate if you are affiliated with the military.
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Click "Apply." Submit your application by clicking "Apply."
Conditions and Requirements
Conditions
Minimum First-Time Loan. The minimum loan amount for first-time borrowers is $200.
Maximum First-Time Loan. First-time borrowers can receive a loan up to $800.
Maximum Loan Amount. The maximum loan amount for returning borrowers is $1,500.
Loan Terms. Loan terms range from 4 to 8 months with no prepayment penalty.
Annual Percentage Rate (APR). The APR for Cash For Whatever loans is approximately 599%.
Requirements
Age Requirement. Applicants must be 18 years or older.
Citizenship. You must be a U.S. citizen to apply.
Active Email Address. A valid and active email address is required for communication.
Identification. You need a driver's license or valid state identification.
Checking Account. An active checking account is necessary for loan transactions.
Proof of Income. Proof of income via direct deposit is required to demonstrate financial stability.
Ways to Recieve the Money
Completing an online application with Cash For Whatever may match the lender’s score. Since Cash For Whatever works with a network of lenders, they can connect you to multiple providers. TrustedLoanNetwork can ensure you get connected to your lender according to the options available based on your online application and lender’s criteria. Online application takes less time and you will know the approval result instantly. For qualified borrowers, the company can fund the loan within minutes of approval anytime of the day. Once approved, funds will be transferred to your bank account the next business day or same day.
Products
Cash For Whatever offers personal installment loans to help with various needs such as vacations, car repairs, unexpected expenses, pet care, home improvements, technology purchases, medical bills and moving costs. Application is streamlined and done entirely online so approval and funding is fast, often within one business day. No prepayment penalty so borrowers can pay off the loan early without extra charges.
Other Personal Loans
Reasons for Loan Refusal
Cash For Whatever may deny a loan application for several reasons. Common reasons are low credit score or bad credit history which signals to lenders a higher risk of default. High debt-to-income ratio means the applicant has too much existing debt compared to their income and adding more debt is risky. Unstable employment history or insufficient income may also be a reason for denial as lenders prefer borrowers with stable income to ensure timely payments. Incomplete or inaccurate information provided during application may also result to denial as well as not meeting the lender’s minimum requirements such as age or residency. State specific regulations may also restrict lending practices so application may be denied based on the applicant’s location.
How to Repay a Cash For Whatever Loan?
To pay back a Cash For Whatever loan, borrowers can set up automatic payment through their bank account for convenience and on time payment. Borrowers can also log in to their online account portal to make manual payment, check due dates and track remaining balance. Cash For Whatever allows early loan payment with no prepayment penalty so borrowers can pay off the loan faster if they want.
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Editorial Opinion
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. 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. Carefully review all the terms and conditions of your payday loan contract. Thoroughly examine the interest rates on payday loans and ensure that your contract includes a detailed breakdown of the total cost of the loan. 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. Choosing a payday lender is a significant decision that demands careful consideration and a good understanding of how such organizations operate.Important
How to Choose a Lender