About Lender
Money Stash is a lending company that offers cash advance loans to consumers who may have less than perfect credit. The loans offered range from $100 to $1,250 and are designed to provide quick access to cash.
In addition to their lending services, Money Stash also offers a variety of financial education resources and tools to help consumers improve their financial literacy and make better decisions about their money. These resources cover topics such as budgeting, saving, investing, and debt management, and include articles, videos, and calculators.
Key Features
- Financial Education. The company provides a wide range of educational resources to help users improve their financial literacy and make informed decisions about their money. These resources include articles, videos, and calculators covering topics such as budgeting, saving, investing, and debt management.
- Lending Options. Money Stash offers a variety of loan options to consumers, including cash advance loans, installment loans, personal loans, short-term loans, and online lines of credit. These loans are available to consumers who may have less than perfect credit and are in need of quick access to cash.
- Professional Environment. The lender aims to provide a professional and responsible lending environment for consumers. They strive to be transparent and upfront about the costs and terms of their loans, and they have a customer service team available to help borrowers with any questions or concerns.
- Online Access. Money Stash offers online access to their loan application process, allowing users to apply for loans from the comfort of their own homes. They also offer an online account portal where borrowers can manage their loans and make payments.
Pros and Cons
Pros
- Fast Approval. It can be beneficial for customers who need quick access to cash.
- No Hidden Fees. The company is transparent about the fees and costs associated with their loans, and there are no hidden fees or charges.
- Simple Application Process. The loan application process is simple and straightforward, which can be convenient for users who may not have a lot of time or experience with loan applications.
- Flexible Repayment Options. Customers are offered flexible repayment options, allowing them to choose the repayment terms that work best for their financial situation.
- Positive Customer Reviews. Money Stash has received positive reviews from many customers, with many users praising the company's customer service and professionalism.
Cons
- High Fees and Interest Rates. Like many lending companies, Money Stash may charge high fees and interest rates for their loans, which can make borrowing expensive for consumers. It's important to carefully read and understand the terms and conditions of any loan agreement before signing.
- Borrowing Risks. Borrowing money always comes with risks, and consumers should be cautious about taking out loans that they may not be able to repay. Defaulting on a loan can lead to financial difficulties and damage to one's credit score.
- Limited Availability. Money Stash may not be available in all states, which can limit access for some consumers.
Products
- Cash Advance Loans. These loans are designed to provide consumers with quick access to cash, usually to cover unexpected expenses or emergencies. The loan amount is typically repaid in full on the borrower's next payday.
- Installment Loans. These loans are repaid over a set period of time, usually with a fixed number of payments. Money Stash offers installment loans ranging from $100 to $1,250.
- Personal Loans. These loans are unsecured loans that can be used for a variety of purposes, such as consolidating debt or paying for a major expense. The loan amount is typically larger than a cash advance or installment loan, and the repayment period can range from a few months to a few years.
- Short-term Loans. These loans are similar to cash advance loans, but they may have slightly longer repayment periods and may be for slightly larger loan amounts.
- Online Line of Credit. This product is a revolving line of credit that allows borrowers to draw on funds as needed, up to a pre-approved limit. This can be a useful product for borrowers who need access to cash on an ongoing basis.
Reliability
Money Stash appears to be a reliable company. Here are a few reasons why:
- Transparency. They provide clear and detailed information about their loan products, fees, and repayment terms on their website, which indicates a commitment to transparency.
- Customer Reviews. The company has received positive reviews from many customers, with many users praising the company's customer service and professionalism.
- Licensing and Accreditation. Money Stash is licensed and regulated by the state in which it operates, which indicates a commitment to following legal and regulatory requirements.
- Reputation. The company has been in business since 2018 and has established a positive reputation in the industry.
Funding a Loan
- Loan Application. To apply for a loan with Money Stash, you will need to complete an online application. It will typically ask for information such as your name, address, employment status, and income.
- Loan Approval. Once you submit your loan application, the lender will review your application and may perform a credit check. If you are approved for lending, you will be notified of the loan terms and the amount of the loan you qualify for.
- Loan Funding: If you choose to accept the loan terms, the loan amount will be deposited directly into your bank account. The timing of the loan funding can vary depending on factors such as your bank's processing times.
- Repayment. You will be responsible for repaying the loan according to the agreed-upon terms, which may include interest, fees, and other charges. Money Stash offers flexible repayment options, allowing you to choose the repayment terms that work best for your financial situation.
It's important to carefully read and understand the terms and conditions of any loan agreement before signing, and to only borrow what you can afford to repay.
Loan conditions
- Loan Amount. The company offers loans ranging from $100 to $1,250, depending on your eligibility and the specific loan product you choose.
- Credit Check. The lender claims that they do not require credit checks for their loans, so you may be able to qualify for a loan even if you have poor credit or no credit history.
- Repayment Terms. The repayment terms for each loan product offered may vary depending on the loan amount, the borrower's creditworthiness, and other factors. Generally, loans from Money Stash are repaid over a period of weeks or months, with a fixed number of payments.
- Fees and Interest. Money Stash charges fees and interest on their loans, which can vary depending on the loan amount and repayment terms. It's important to carefully read and understand the terms and conditions of any loan agreement before signing.
Additional Services
- VIP Program. The company offers a VIP Program for borrowers who have established a positive repayment history with the company. This program may provide benefits such as lower interest rates, higher loan amounts, and longer repayment terms.
- Educational Resources. Money Stash provides educational resources on their website to help borrowers make informed financial decisions. These resources may include articles on personal finance, debt management, and budgeting tips.
Money Stash vs Leap Credit
Money Stash and Leap Credit are both online lenders that offer installment loans to consumers. Here are key differences between the two companies:
- Loan Amount. Money Stash offers loans ranging from $100 to $1,250, while Leap Credit offers loans from $300 to $3,500 depending on the borrower's state of residence. If you need to borrow a larger amount of money, Leap Credit may be a better option.
- Repayment Terms. The repayment terms for loans from Money Stash and Leap Credit may differ depending on the specific loan product and borrower eligibility. However, Leap Credit offers longer repayment terms, which may be more favorable for borrowers who need more time to repay their loan.
- Eligibility Requirements: The eligibility requirements for loans from Money Stash and Leap Credit may differ. Money Stash claims to offer loans to consumers with less than perfect credit, while Leap Credit requires borrowers to have a minimum credit score of 500.
Money Stash vs Cash Central
Money Stash and Cash Central are both online lenders that offer lending services. Here are some key differences between the two companies:
- Loan Amount. Money Stash offers loans ranging from $100 to $1,250, while Cash Central offers loans from $300 to $5,000 depending on the borrower's state of residence. If you need to borrow a larger amount of money, Cash Central may be a better option.
- Eligibility Requirements. The eligibility requirements for loans from Money Stash and Cash Central may differ. Money Stash claims to offer loans to consumers with less than perfect credit, while Cash Central requires borrowers to have a minimum credit score of 520.
- Availability. Cash Central may be available in more states than Money Stash, but availability may vary depending on the state.
Money Stash vs Lift Credit
Money Stash and Lift Credit are both online lenders that offer short-term loans to consumers. Here are key differences between the two companies:
- Loan Amount. Money Stash offers loans ranging from $100 to $1,250, while Lift Credit offers loans from $100 to $5,000 depending on the borrower's state of residence. If you need to borrow a larger amount of money, Lift Credit may be a better option.
- Eligibility Requirements. The eligibility requirements for loans from Money Stash and Lift Credit may differ. Money Stash claims to offer loans to consumers with less than perfect credit, while Lift Credit requires borrowers to have a minimum credit score of 520.
- Availability. Lift Credit is available in more states than Money Stash.
