Lender
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

2.3

FaaastCash

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About Lender

FaaastCash stands out as a reliable platform for those in need of fast financial solutions. It emphasizes safety and security, utilizing a 256-bit SSL encryption to protect user data, and prides itself on its responsible lending practices. FaaastCash works with a broad network of state-licensed lenders who adhere to strict state lending laws, ensuring that the services provided are both trustworthy and of high quality. Their commitment to fair and responsible lending is evident in their selection of partners, which includes only safe loan providers, offering peace of mind to borrowers in need of rapid financial assistance.

The range of loans offered by FaaastCash caters to a variety of financial emergencies, with loan amounts ranging from $50 to $1000. These loans are designed to help customers navigate through tough financial times until their next payday. The application process is straightforward and quick, making it possible for borrowers to receive their funds as fast as the next business day. FaaastCash focuses on providing payday loans that are accessible even to those with low credit scores, demonstrating a commitment to offering financial help to a wide array of individuals without undue stress.

To qualify for a loan through FaaastCash, applicants must have only minimum documents. Borrowers must be at least 18 years old, be a resident of the United States, and have an active US bank account to facilitate the transfer of funds. The application process requires basic personal information, income details, and banking information. Despite a fast and easy application process, FaaastCash and its lending partners do conduct credit checks; however, they are tailored to offer a high chance of approval even to those with bad credit histories. This approach not only provides a lifeline in financial emergencies but also offers a chance to improve one’s credit score, underlining FaaastCash’s role in offering supportive and accessible financial solutions.

Key Features

  1. Emergency Cash Advance. Offers emergency cash advances to solve financial problems quickly, catering to individuals even with bad credit situations.

  2. Fast Approvals. Provides super-fast approvals with decisions made in just minutes, streamlining the process to get you the financial help you need without delay.

  3. Wide Range of Loan Amounts. Offers loans ranging from $50 to $1000, providing flexibility to meet various financial needs.

  4. Extensive Lender Network. Works with a broad network of state-licensed lenders who adhere to the state lending laws, ensuring reliable and quality service across the US.

  5. Accessible to Bad Credit Holders. Focuses on offering financial assistance to customers regardless of their credit history, emphasizing inclusivity in financial solutions.

  6. Next Business Day Fund Transfer. Aims to transfer funds directly into your bank account by the next business day, ensuring quick access to your cash when you need it.

  7. Simple Online Platform. Applicant can borrow money online with a quick and easy form for applying for payday loans, making the application process convenient and straightforward.

  8. No Hard Credit Check Loans. Offers loans that do not require hard credit checks, providing opportunities for those with poor credit history to receive financial assistance.

  9. Educational Resources. Provides FAQs and other informational resources to help borrowers understand the terms and conditions of fast cash loans, ensuring informed financial decisions.

  10. User-Friendly Process. Designed to be fast, safe, and secure, with a streamlined process from application to receiving funds, highlighting convenience and user satisfaction.

Pros and Cons

Pros

Quick Online Request. It's easy to fill in the online form, making applications faster. You are rarely required to send in additional documentation, so there is no additional effort.

Quick Approval. You can receive approval for a loan in less than a few minutes. That way, you can begin taking advantage of the money you were granted sooner than originally expected.

A Multitude of Reputable Lenders. There are at least 100 different lending options available to each potential borrower. With many different options to choose from, you are guaranteed to find a lender with the features and terms that are best for your specific set of financial circumstances.

Open for Business 24/7. Since this referral service is a web-based service, you can get a loan at any time. They are available around the clock, even on the weekends and holidays.

Solid Mobile App. According to several reviews from Google Play, the Android version of the app provides people with a convenient, hassle-free way of using the service.

Cons

Not a Direct Lender. Some clients prefer direct lender solutions, and FaaastCash might turn them away because it's not a lender. You must always be very careful about taking money from a third party.

High APRs. One of the inherent cons is that short-term loans usually have high APRs. The rates offered by this lender range from 200% to 1,386%.

Only Short-Term Loans. Because the company does not offer other lending solutions, it's limited in the sort of clients that it can serve.

Loan Amounts are Small. Online loans are typically up to $1,000 and less. The small amount you can borrow is $50.

Reliability

  1. Industry Experience. FaaastCash may be more reliable if it has been in the lending industry for several years, with a track record of successfully providing loans to customers.

  2. Regulatory Compliance. FaaastCash is licensed and regulated by the relevant authorities, which helps ensure that it adheres to ethical and legal lending practices.

  3. Transparency. FaaastCash offers payday loans with clear and transparent information about its loan terms, fees, and repayment options so that customers know exactly what they are getting into.

  4. Customer Reviews. Positive customer reviews and testimonials can be a good indicator of the reliability of FaaastCash and its ability to provide quality service to borrowers. The company has 4.8 stars out of 5 on Trustpilot and an A+ rating from Better Business Bureau.

How to Apply for a FaaastCash?

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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.

  6. Review and Submit. Carefully review all the information you've provided for accuracy. Once you're sure everything is correct, submit your application.

  7. 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.

  8. 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

  1. Loan Amounts. FaaastCash offers loans ranging from $50 to $1000, accommodating a wide range of financial needs.

  2. Loan Terms. The repayment period is flexible, usually set from a fortnight up to the borrower's next payday or as agreed between the lender and the borrower.

  3. Interest Rates and Fees. Payday loan fees on FaaastCash vary due to two main factors: state regulations and differences between lenders. A common fee structure is $15 per $100 borrowed, equating to an annual percentage rate (APR) of almost 400% for a two-week loan. The max APR's can be high as 1386%.

  4. Loan Usage. Loans can be used for any personal reason, including emergencies, bill payments, or unexpected expenses, providing borrowers with financial flexibility.

Requirements

  1. Age Requirement. Applicants must be 18 years or older to qualify for a loan, ensuring legal accountability and responsibility.

  2. Residency. Only current residents of the United States are eligible, which aligns with the operational and legal framework of FaaastCash and its network of lenders.

  3. Bank Account. An active US bank account is necessary for the direct deposit of loan funds, facilitating quick and secure transactions.

  4. Income Verification. Proof of a steady source of income is required to demonstrate the ability to repay the loan. Applicants must provide details of their pay cycle, income type, and amount.

  5. Personal Information. Applicants must submit basic personal details such as a phone number, a valid driver's license number or state ID number, home address, and email address to verify their identity and contact information.

  6. Banking Information. The submission of the applicant's checking account number and routing number is essential for the processing of the loan transaction.

  7. Credit Check. FaaastCash and its lending partners conduct credit checks but maintain a policy of inclusivity, offering loan opportunities to applicants with bad or less-than-perfect credit scores.

Ways to Receive the Money

If your loan application is successfully approved through FaaastCash, the most convenient and common way to receive your funds is through direct deposit into your bank account on the next business day. This streamlined process ensures quick access to the money you need. However, it's important to consider the timing of your loan acceptance. If you accept the loan offer on a weekend, holiday, or any other non-business day, the transfer of funds may experience a delay. In such cases, the processing time will extend beyond the next business day, so planning accordingly is essential to accommodate any potential waiting periods.

Products

  • Payday Loans. Short-term loans designed to help borrowers get through to their next payday. These loans are available for amounts ranging from $50 to $1000 and are tailored to assist individuals even with bad credit.

  • Cash Advance Loans. Similar to payday loans, cash advances provide quick access to funds based on the borrower's forthcoming paycheck, offering an immediate financial cushion.

  • Online Loans for Bad or No Hard Credit Check. This product caters to individuals with poor credit history, allowing them to apply for loans without a hard credit check that could potentially affect their credit score further.

Other Loans

Reasons for Loan Refusal

Check Credit Score

A loan application through FaaastCash may be refused for several reasons, closely tied to their set requirements. Common reasons for refusal include not meeting the age requirement of being 18 years or older, not being a resident of the United States, lacking an active (open) US bank account, insufficient proof of a steady source of income, or failing to provide necessary personal and banking information accurately. Additionally, while FaaastCash and its lending partners offer opportunities for individuals with bad credit, certain credit assessments may still influence the decision negatively. It's crucial for applicants to ensure all requirements are fully met and that the information provided in the application is accurate and complete to increase the chances of approval.

How to Repay a FaaastCash?

Generally, repayment terms, including the process for making payments, are agreed upon between the borrower and the lender at the time of the loan contract. Typically, loan repayments are automated and directly withdrawn from the borrower's bank account on the due date, which often aligns with the borrower's next payday.

Loans like FaaastCash

CashNetUSA

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CashNetUSA has been a trusted source for swift financial assistance during emergencies since 2004. If you need a $500 – $1,000 online loan, look no further, as CashNetUSA may have the solution you seek. Their fast funding options enable them to address unexpected expenses that require immediate attention. Whether it's a medical emergency, car repair, or any unforeseen financial setback, CashNetUSA is dedicated to providing timely support.CashNetUSA

Speedy Cash

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Speedy Cash is a prominent financial institution catering to the urgent financial needs of residents in 27 states. With a diverse array of services, the company specializes in offering payday loans alongside various other types of loans. Whether customers require a small sum of $50 or seek more significant assistance with larger expenses, Speedy Cash is ready to address their financial requirements promptly with up to $1,500 payday loans. One of the key advantages of Speedy Cash is its remarkably swift turnaround time, with loan applications being processed and approved within just one day, ensuring that individuals can access the funds they need without unnecessary delays.Speedy Cash

Cash Store

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At the Cash Store, customers can now access installment loans up to $3000, providing them with a practical solution for financial needs. With a fixed APR personal loan product that spans from 390% APR up to 780% APR, individuals can secure the funds they require while knowing exactly what to expect in terms of interest rates. The rates may vary depending on the state, ensuring customers are presented with options tailored to their specific location.Cash Store

Ace Cash Express

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Ace Cash Express is a reputable financial services company that provides installment loans in several states, catering to individuals facing emergencies or unforeseen expenses. In Delaware, borrowers can access up to $2,000; in Florida, Missouri, and Texas, loan amounts range from $100 to $2,000. This flexible loan offering ensures that customers can obtain the necessary funds swiftly and conveniently. Whether it's a medical emergency, urgent car repairs, or any unexpected financial burden, Ace Cash Express aims to offer a reliable solution to its clients in times of need.Ace Cash Express

Check Into Cash

Apply For a Loan

Check Into Cash is a reputable financial service provider that offers Installment Loans. These loans allow individuals to borrow a certain amount of money, typically ranging from $50 to $5,000, depending on the laws of their state. The maximum loan amount varies from one state to another, ensuring compliance with local regulations. With Check Into Cash, borrowers can access the funds they need to cover unexpected expenses or manage financial challenges.Check Into Cash

Approved Cash

Apply For a Loan

Approved Cash is a trusted financial institution specializing in offering payday loans and cash advance services, catering to individuals needing immediate financial assistance. Whether you're facing unexpected expenses or find yourself short on funds, Approved Cash is here to provide the solution you need today. Applying for their loans is straightforward, ensuring quick access to the required funds.Approved Cash

Editorial Opinion

FaaastCash emerges as a reliable and convenient solution for those in urgent need of short-term loan assistance, particularly appealing to individuals with bad credit who might find traditional banking solutions inaccessible. Their platform, offering a range of loans, highlights a commitment to providing flexible financial support without the stringent requirements often associated with conventional lenders. By prioritizing rapid approvals and ensuring the secure handling of personal information through advanced encryption technologies, FaaastCash stands out for its user-centric approach. However, as with any payday lending partner, potential borrowers should proceed with caution, fully understanding the terms and implications of high-interest rates and fees associated with such loans. Ultimately, FaaastCash serves as a viable option for immediate financial relief, provided that users approach their services with informed discretion and a clear repayment strategy.

Important

Keeping your Debt-to-Income (DTI) ratio below 30-40% of your monthly income is crucial. This will help you avoid potential financial problems in the future. Additionally, always assess the necessity and feasibility of taking a loan, ensuring you can comfortably manage its repayment.

How to Choose a Lender

  1. 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.

  2. 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.

  3. Carefully review all the terms and conditions of your payday loan contract.

  4. Thoroughly examine the interest rates on payday loans and ensure that your contract includes a detailed breakdown of the total cost of the loan.

  5. 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.

  6. Choosing a payday lender is a significant decision that demands careful consideration and a good understanding of how such organizations operate.

Methodology

At Finanso, we've carried out a comprehensive analysis of over 100 lenders, assessing them based on 35 different parameters across six key categories: accessibility of loans, customer relations, quality of service, interest rates, and transparency of conditions.

In each category, we carefully considered the most critical factors in selecting a lender. These factors include the interest rates, available loan amounts, minimum credit score, minimum income, application fees, and the speed at which funds are transferred.

At Finanso, we highly value our users, which is why we also focus on the quality of customer service, user reviews, and additional features that can aid our users in making a well-informed decision.

Our ultimate goal is to provide insightful recommendations and expert advice to assist you in selecting a lender that best caters to your specific needs.

Additional Resources

Sources

FAQ

Is FaaastCash com legit?

This company is not involved in any illegal activities or shady dealings. It is a reliable web-based provider of lending solutions. It helps its clients find the best loan terms they can qualify for. There's an entire network of fully accredited lenders that offer their services to the people that seek payday loans.

Does it cost anything to use FaaastCash?

You are not charged for filling in your online request (application) and submitting it through the FaaastCash system. However, lenders have to pay an undisclosed fee to promote their offers on this website. Because of that, you might be indirectly paying that fee since it has to be included in the full cost of your loan. In other words, lenders charge you more because they have to pay more to be featured on this website.

How many payday loans can I have?

In theory, it's possible to be approved for a second payday loan since no rules prevent that from happening. In practice, this is not usually the case since granting borrowers more loans is a risky move on the lender's part. With more debt, the borrower's chances of defaulting increase, and that's why each lender assesses your financial situation individually.

Can I get a payday loan from FaaastCash without a credit check?

FaaastCash is a loan referral service, not a direct lender, so the specific policies and requirements for their partner lenders may vary. However, in general, payday lenders typically do not require a credit check for payday loans. Instead, they typically base their loan decision on the borrower's income and ability to repay the loan.

That being said, some payday lenders may still perform a soft credit check or check the borrower's credit history through alternative sources, such as Teletrack, to assess their creditworthiness. Soft credit checks do not affect the borrower's credit score and are only visible to the borrower, while hard credit checks may have a negative impact on the borrower's credit score.

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No matter what the reason is you are looking for a loan, we can help.

© FaaastCash
Financial products
FaaastCash
Payday loan
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

2.3
Recommended FinScore™
0
300
650
1000
$100-$1,000
Rate
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Effective interest rate on the product

up to 2% per day
Term
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Loan term for the financial product

up to 30 days
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
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100.00 – 20000.00 $
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Effective interest rate on the product

from 0.05 %
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Loan term for the financial product

5 days – 3 months
Rating by Finanso®
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100.00 – 4000.00 $
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Recommended FinScore™
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650
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2000.00 – 100000.00 $
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Effective interest rate on the product

6.34 – 35.89 %
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Loan term for the financial product

2 months – 72 months
Rating by Finanso®
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4.25
(20 Ratings)
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$500-$4,000
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Effective interest rate on the product

up to 160%
Term
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Loan term for the financial product

9-18 months
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Interest rates are given in accordance with the rates of the FaaastCash of 12.04.2024
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All FaaastCash’s reviews by april 2024
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2.4
Disadvantages
They specialize in payday loans, not personal loans, which wasn't what I had in mind.
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2.2
Disadvantages
I was directed to three different lenders, each of whom required my personal information, only to eventually redirect me to yet another entity that also collected my data. I decided to halt my efforts after the third attempt. It seemed excessive in terms of time and energy for a mere $100 payday loan.
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Overall company rating
2.3
/ 5
2 reviews
Execution of an application
2.0
Support service
1.0
Mobile app
2.5
Service quality
3.0
Your satisfaction level
3.0
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