About Lender
FaaastCash is a secure platform for fast cash solutions, with 256-bit SSL encryption to protect your data. They work with a network of state-licensed lenders, so adhere to strict state lending laws, offering responsible payday loans. The focus on responsible lending gives you peace of mind knowing you’re working with trusted and secure loan providers.
FaaastCash offers payday loans to help you get through till your next payday. The application process is quick and easy, with funds available as soon as the next business day. They approve borrowers with bad credit, so you have a high chance of approval and get financial help when you need it.
Key Features
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Emergency Cash Advance. Emergency cash advances for quick solutions to financial problems, for bad credit situations too.
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Fast Approvals. Super fast approvals with decisions in minutes, so you get the financial help you need ASAP.
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Large Lender Network. Works with a network of state-licensed lenders who follow state lending laws, across the US.
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Bad Credit OK. Financial help for everyone, regardless of credit.
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Next Business Day Funding. Transfers funds directly into your bank account by the next business day so you can get your cash when you need it.
Pros and Cons
Pros
Quick Online Application. Online form is easy to fill out, applications are faster. You rarely have to send in extra documentation so no extra effort.
Hundred’s of Lenders. At least 100 lending options for each borrower.
Open 24/7. Since this is a web-based service, you can get a loan at any time. They are open 24/7, even on weekends and holidays.
Good Mobile App. According to Google Play reviews, the Android app is a convenient and hassle-free way to use the service.
Cons
Not a Direct Lender. Some clients prefer direct lender solutions and FaaastCash may not work with them since it’s not a lender.
High APRs. One of the cons is that short term loans have high APRs.
Only Short Term Loans. Since they don’t offer other lending solutions, they can only serve a certain type of clients.
Reliability
Industry Experience. FaaastCash may be more reliable if they have been in the lending business for years with a history of lending to customers.
Regulatory Compliance. FaaastCash is licensed and regulated by the relevant authorities so they follow ethical and legal lending practices.
Transparency. FaaastCash offers payday loans with clear information about loan terms, fees and repayment options so customers know what they are getting into.
Customer Reviews. Positive reviews and testimonials are a good sign of FaaastCash’s reliability and ability to serve borrowers. They have 3.1 stars out of 5 on Trustpilot and A+ rating from Better Business Bureau.
How to Apply for a FaaastCash Loan?
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Visit Website. Navigate to the FaaastCash website to begin the process. Click on the “Get Started Now” button prominently displayed on the home page to initiate your loan application.
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Fill Out the Form. Complete the online application form by entering your required personal information, including your loan amount need (ranging from $50 to $1000), zip code, and email address. This step is crucial for determining your eligibility and connecting you with potential lenders.
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Submit Income Information. Provide details about your income, such as your pay cycle, income type, and income amount. This information helps lenders assess your ability to repay the loan.
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Provide Banking Information. Enter your banking details, including your checking account number and routing number. This information is necessary for the direct deposit of your loan.
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Include Basic Personal Information. Supply additional personal details required for the loan, including your phone number, a valid driver’s license number or state ID number, your home address, and an email address.
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Review and Submit. Carefully review all the information you've provided for accuracy. Once you're sure everything is correct, submit your application.
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Wait for Approval. After submission, your loan request will be processed. You'll typically receive a lending decision and loan agreement within 1-2 minutes.
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Receive Your Cash. If approved, the loan amount will be directly deposited into your bank account as soon as the next business day, depending on the lender's processing times and your bank’s policies.
Conditions and Requirements
Conditions
Loan Amounts. Faaastcash offers up to $1,100 loan amounts depending on your needs.
Loan Terms. Loan terms as short as 31 days.
Annual Percentage Rate (APR). APR for Faaastcash loans up to 1,386%.
Requirements
Age. 18 years or older to apply for a payday loan.
Legal Residency. U.S. citizen or legally residing in the country to qualify for a Faaastcash loan.
Income. Bad credit is not an issue but you must have a stable income of at least $1,000 per month.
Contact Information. You must provide a working phone number and email address for communication purposes.
Bank Account. Active current bank account to receive the loan.
Ways to Receive the Money
If your loan application is approved through FaaastCash, the most convenient and common way to get the money is through direct deposit to your bank account the next business day. This process is fast and easy. However, please take note of the loan acceptance timing. If you accept the loan on a weekend, holiday or any non-business day, the transfer of funds may be delayed. In this case, the processing time will be beyond the next business day so plan ahead to accommodate the waiting period.
Products
Payday Loans. Short term loans to help you get to your next payday. Available from $50 to $1000 and for bad credit.
Cash Advance Loans. Similar to payday loans, cash advances provide quick access to funds based on your upcoming paycheck for an instant financial relief.
Online Loans for Bad or No Hard Credit Check. For those with poor credit history, you can apply for loans without a hard credit check that could further harm your credit score.
Other Personal Loans
Reasons for Loan Refusal
A loan application through FaaastCash may be denied for several reasons based on their requirements. Common reasons for denial are not meeting the age requirement of 18 years or older, not a U.S. resident, no active (open) U.S. bank account, insufficient proof of steady income, or not providing necessary personal and banking information correctly. While FaaastCash and its lending partners offer loans for bad credit, some credit checks may still be negative. It’s important to make sure all requirements are met and information provided in the application is accurate and complete to increase approval chances.
How to Repay a FaaastCash Loan?
Repayment terms and process of payment are agreed upon between the borrower and the lender upon loan contract. Generally, loan payments are automated and deducted from the borrower’s bank account on the due date which is usually the borrower’s next payday.
Loans like FaaastCash
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
- FaaastCash Customer Reviews
- How to Apply for a FaaastCash Loan
- How to Repay a FaaastCash Loan
- All FaaastCash Coupons and Promo for February 2025