About Lender
Target Cash Now is a trusted lender that provides fast and easy loan solutions for people in urgent need of cash. Known for their quick loan process, Target Cash Now has most approved loans funded by the next business day and penalty free prepayments so you can pay off your loan early with no extra fees. This customer friendly approach shows they care about flexibility and your financial stability.
Target Cash Now offers term installment loans with approximately equal payments for unexpected expenses like medical bills, car repairs or emergency travel. Installment loans are a more manageable option than lump sum loans for short term financial emergencies. The application process is simple, credit checks with Clarity and MicroBilt to qualify and loans up to $2,500. This structured and responsible lending model shows they are focused on short term relief not long term solutions.
Key Features
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Simple Application Process. Target Cash Now has a quick and easy online application process that can be completed in minutes.
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Fast Funding. Most loans are funded the next business day after approval.
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No Penalties for Early Payoff. Pay off your loan early with no penalties or fees.
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Bullseye Rewards. They offer rewards throughout the loan lifecycle that can be redeemed for gift cards or principal paydown.
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Term Installment Loans. Loans are term installment loans with approximately equal payments.
Pros and Cons
Pros
Quick Application. Simple and fast online application process.
No Early Payoff Penalties. Pay off your loan early with no extra fees.
Fast Funding. Most loans funded the next business day after approval.
Multiple Payment Options. Electronic and non-electronic payment methods.
Cons
Costly. Target Cash Now says their loans are a costly form of credit not for long term solutions.
State Restrictions. Not available in all states.
Bank Account Information Use. Collection and use of additional bank account information may be a concern for some applicants.
Special Services Transfer Limitations. Same day funding via Special Services Transfer is limited by cut-off times and may have additional bank fees.
Reliability
Secure Online Application. Target Cash Now’s online application process is quick, convenient and secure to protect personal and financial information for a safe borrowing experience.
Compliance. As an entity formed under the laws of the Fort Belknap Indian Community, a federally-recognized and sovereign American Indian Tribe, Target Cash Now complies with specific regulatory standards making them a legitimate financial service provider.
Transparency. Target Cash Now states their loans are for immediate borrowing needs not long term financial solutions. Transparency in how to use their loans.
BBB. Not accredited by BBB but has an A rating.
How to apply for a Target Cash Now Loan?
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Visit Website. Start by navigating to the Target Cash Now website to begin the loan application process. Click on the "Apply Now" button located on the home page to initiate the loan application process.
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Complete the Application Form. Fill out the online application form with all the required information, which includes personal details, employment information, and financial details.
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Verify Your Information. After submitting your application, you will need to verify your information. This may involve confirming details over the phone or through an online verification process.
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Review and E-Sign Your Loan Agreement. Once your information is verified and your loan is approved, carefully review the loan agreement. If everything is in order, proceed to e-sign your loan documents electronically.
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Receive Your Funds. After completing the above steps, Target Cash Now will deposit the loan funds directly into your bank account. In most cases, funds are delivered the business day after your application has been processed and approved.
Conditions and Requirements
Conditions
Max Loan Amount. $2,500 after approval.
Interest Rate and Fees. Your interest rate and fees will be in your loan agreement.
Variable Terms. Loan terms, repayment schedule and conditions may vary based on your financial situation and lender’s policy.
Requirements
Regular Income. You must have regular income.
Age and Citizenship. You must be 18 or older and a U.S. citizen.
Checking Account. You must have an active checking account.
Military. You must not be active military or a dependent of someone who is active military.
Ways to Receive the Money
After Target Cash Now approves your loan, the fastest way to get the money is through direct deposit into your bank account. This way, in most cases, funds will be deposited the next business day after approval. Direct deposit makes it quick and easy for you to get your emergency cash without checks or in-store visit, so you can get financial help when you need it.
Products
Target Cash Now is a lender that offers short term loans to its customers. These are loans where you repay the loan amount in equal installments over a set period of time. Target Cash Now offers installment loans in various amounts and terms. Products may not be available in all states. Each product has its own requirements and terms so please review the product details before applying. Short term loans have high interest rates and fees so please consider the total cost of borrowing before borrowing.
Other Personal Loans
Reasons for Loan Refusal
Target Cash Now reviews loan applications in real-time to determine eligibility based on the lending criteria which includes verification of applicant information through credit reporting agencies such as Clarity, Factor Trust and MicroBilt. Reasons for denial may include not meeting the criteria such as no credit history, not enough income to repay or living in a state they don’t lend in (AR, CT, MN, MT, NJ, NY, PA, VA, WV). An application may also be denied if you request more than the maximum approved amount of $2,500. This strict review process ensures they only lend to those who can repay, responsible lending practices.
How to Repay a Target Cash Now Loan?
Repaying a loan from Target Cash Now is designed to be as easy and flexible as possible, whether you prefer electronic or non-electronic payment methods. You can make installment payments through electronic payment methods such as ACH or non-electronic methods like cashier’s checks or money orders. Target Cash Now also offers penalty free prepayments so you can pay off your loan early without any extra fees. This way they can help you with manageable repayment schedule and flexibility to adjust to your financial situation.
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Rise Credit
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Universal Credit
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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
Additional Resources
- Full Target Cash Now Account Review
- How to Apply for a Target Cash Now Loan
- How to Repay a Target Cash Now Loan
- Target Cash Now Customer Reviews