About Company
Cash King Co. is an online lending platform that has been facilitating loans through its extensive network of trusted lenders for over a decade. Specializing in short-term loans ranging from $100 to $50,000, Cash King Co. has established itself as a reliable financial resource for individuals seeking quick and accessible funding. Notably, the company prides itself on its inclusive approach, accepting applications from individuals with less-than-perfect credit histories, ensuring that bad credit does not hinder one's opportunity to secure a loan.
With a straightforward application process, Cash King Co. aims to simplify the borrowing experience for its users. The platform's commitment to transparency is evident as it connects borrowers directly with lenders, providing clear terms and conditions before any commitment is made. Through the years, Cash King Co. has maintained a strong reputation by adhering to professional standards and offering a diverse range of loan options, including signature loans, cash advances, and loans for specific needs like self-employed or emergency situations.
Key Features
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Loan Range. Cash King Co. offers a diverse range of loan options, from small amounts starting at $100 to larger sums up to $50,000, providing flexibility to meet various financial needs.
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Bad Credit Acceptance. The platform distinguishes itself by accommodating individuals with less-than-ideal credit histories, ensuring that a poor credit score does not act as a barrier to accessing financial assistance.
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No Hard Credit Check. Cash King Co. eliminates the hassle of a hard credit check, making the application process smoother and less intrusive for potential borrowers.
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Direct Lender Network. With a robust network of trusted lenders nationwide, Cash King Co. connects borrowers directly with lenders, fostering transparent communication and clear loan terms.
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Quick Approval and Funding. The platform strives to provide a fast and efficient borrowing experience. Once matched with a lender, borrowers can receive a cash advance offer promptly, with funds typically deposited the following business day.
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Variety of Loan Types. In addition to signature loans, Cash King Co. provides specific loan options tailored to different needs, such as cash advances, self-employed loans, and emergency loans.
Pros and Cons
Pros
Cons
Reliability
The reliability of Cash King Co. is shaped by its extensive 10-year presence in the online lending industry, reflecting a level of stability and adaptability. The company has demonstrated an ability to evolve and provide a variety of financial solutions, ranging from short-term loans to cash advances. This long-standing tenure suggests a degree of reliability in its services, as it has weathered changes in the financial landscape and maintained a consistent presence.
While Cash King Co. has a track record that spans more than decade, potential borrowers may want to take note of certain aspects when considering the lender's reliability. The absence of Better Business Bureau (BBB) accreditation could be a factor for some individuals, as accreditation is often associated with adherence to high business standards. Prospective borrowers are encouraged to thoroughly review the terms of the loans offered, consider customer reviews, and make informed decisions based on their own assessment of Cash King Co.'s reliability in meeting their unique financial needs.
How to apply for a Cash King loan?
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Visit the Website. Start by visiting the official Cash King Co. website and click the "Apply Now" button.
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Select Loan Amount. Choose the loan amount that suits your financial needs from the options provided, ranging from $100 to $50,000.
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Complete the Application Form. Fill out the online application form with accurate and truthful information. This form typically includes details such as your name, contact information, employment status, and financial details.
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Submit Supporting Documents. Depending on the loan type and amount, you may be required to submit additional documentation to support your application.
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Review Loan Offers. Once your application is processed, Cash King Co. will attempt to match you with a suitable lender. You will then receive loan offers, each outlining specific terms and conditions.
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Accept or Decline Offer. Review the offers carefully, considering interest rates, repayment terms, and any associated fees. If you find a suitable offer, you can choose to accept it. If not, you have the option to decline without any obligation.
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Receive Funds. Upon acceptance of the loan offer, the funds are typically deposited directly into your bank account, often within the next business day.
Conditions and Requirements
Conditions
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Loan Amounts. Cash King Co. provides loans ranging from $100 to $50,000, allowing borrowers flexibility in choosing an amount that suits their specific financial needs.
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Loan Types. The platform offers various loan types, including short-term loans, cash advances, self-employed loans, emergency loans, and signature loans, catering to a diverse range of financial situations.
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Flexible Repayment. Borrowers benefit from equal monthly payment options and a set repayment schedule, ensuring clarity and predictability in meeting financial obligations.
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Quick Approval and Funding. Cash King Co. strives for a swift application process, aiming to provide borrowers with a cash advance offer shortly after application submission. Once approved, funds are typically deposited into the borrower's account on the following business day.
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No Hard Credit Check. Cash King Co. distinguishes itself by not initiating a hard credit check during the application process, maintaining user privacy and expediting the approval process.
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Online Application. The convenience of an online application process enables users to apply for loans from the comfort of their homes, streamlining the overall borrowing experience.
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Direct Lender Network. Cash King Co. connects borrowers directly with a network of trusted lenders, fostering direct communication and clear loan terms.
Requirements
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Basic Personal Information. Applicants are required to provide basic personal information, including their name, address, contact details, and social security number.
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Proof of Income. To assess the borrower's ability to repay the loan, proof of income is often a prerequisite. This may include recent pay stubs, bank statements, or other documentation.
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Identification. Valid identification, such as a driver's license or state-issued ID, is commonly requested to verify the applicant's identity.
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Bank Account. Borrowers are usually required to have an active bank account, as approved funds are typically deposited directly into this account.
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Employment Information. Information about the applicant's employment status, including the name of the employer and the length of employment, may be necessary.
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Age Requirement. Applicants must meet the minimum age requirement, typically 18 years or older, to be eligible for a loan with Cash King Co.
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Residency. Proof of residency, such as a utility bill or lease agreement, may be required to establish the applicant's current address.
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Compliance with State Regulations. Applicants must comply with state-specific regulations, as each state has its own laws governing short-term loans. Understanding and adhering to these regulations are crucial for loan approval.
Ways to receive the money
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Direct Deposit to Bank Account. Once a loan offer is accepted, the approved funds are typically sent via ACH (Automated Clearing House) directly to the borrower's bank account. Direct deposits are often processed quickly, and borrowers can expect to see the funds in their bank accounts on the following business day.
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ACH Transfer to Debit Card. Instead of a direct deposit to a bank account, borrowers may have the option to receive the funds through an ACH transfer to their debit card. The funds become accessible on the debit card, providing a quick and electronic means of utilizing the loan amount.
Products
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Cash Advance Loans ($100 to $1,000). Short-term loans designed to cover immediate expenses without a large amount of money needed.
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Self-Employed Loans ($500 - $5000). Tailored for individuals who are self-employed, offering a flexible loan amount to accommodate diverse financial situations.
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Direct Deposit Loans ($100 to $1,500). Loans with funds directly deposited into the borrower's bank account, providing a convenient and quick access method.
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Emergency Loan ($1000). Designed to address unforeseen financial emergencies, offering flexible loan amounts to meet immediate needs.
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New Job Personal Loan(up to $2500).Tailored for individuals who have recently started a new job, providing a range of loan amounts to assist during the transition.
Other Personal Loans
Loans like Cash King
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.
