Cash Now, found online at CashNow.com, is a loan matching service for people who are in a situation where they need to find lenders of short term loans quickly and efficiently.
How Does it Work?
Cash Now requires a name, phone number, email address, and the amount of the loan one is hoping to secure to begin an application.
The rest of the application asks questions having to do with the region in which you live, your employment status, your military status, and more.
This company says that their quick only application should not take longer than two minutes to complete, and they will be able to match you with qualified lenders who can match your financial needs quickly.
Once you find a lender with terms you are willing to accept, you make arrangements for that lender regarding when you will receive your money, how long you have before you must pay it back, and what the interest rate will be.
Cash Now specializes in matching their clients with short term lenders who will provide sums of up to $1,000, though if you have never successfully secured a loan through them before, there is a good chance you won’t be approved for a loan over $500.
In general, all lenders will require that you be over the age of 18, be able to prove a regular income, and have a checking account in good standing with the ability to accept direct deposits. Some lenders will even have the ability to disperse your funds the same day you apply for them.
Short term loans that don’t require proof of good credit standing often come with extremely high interest rates, however, so be sure that you full understand all the terms and fees associated with the loan before you accept.
If you are unhappy with the terms set forth by the lenders who contact you, you are under no obligation to accept any of the offers you are given – you can always refuse. When you do accept a loan, you will be contractually obligated to abide by the terms.
If you have any experience with CashNow.com or their services, please leave your reviews below.