What is “Cash advance”?
Cash advance loans are short-term, personal and unsecured which cover expenses for an individual between paycheques or in an emergency situation. The purpose of this loan is designed for individuals who must borrow money to pay for their expenses until they are next paid.
Cash advances tend to incur a fee of 3% to 5% of the total amount that was originally borrowed. If the money is borrowed through a credit card the interest also compounds daily beginning from when the funds are received.
The purpose of the cash advance is entirely up to the borrower. For whatever purpose you see fit, the extra cash can help assist in personal projects, events or emergency car repairs. Once you application has been accepted we will send the funds directly to you to enjoy at your pleasure.
In addition to obtaining a cash loan you can opt to have an instalment loan. This allows the repayments to be made in a timely-fashion. For example, weekly or monthly. Individuals who may be experiencing financial difficulty should find this option resourceful as it allows space between payments without individuals feeling over-whelmed. No one should feel pressured or further stress when taking a loan, and we make sure that doesn’t happen.
Why a cash advance?
A cash advance is the perfect solution if you find yourself struggling to make ends meet before your next influx of cash. In the current financial climate we all find ourselves wishing we were receiving our next paycheque in our accounts tomorrow in order to make ends meet. However, choosing a cash advance allows you peace of mind knowing you can take care of yourself and needs financially whilst waiting for your regular income.
When conducting any sort of financial business always ensure that the company or individuals you are working with are FCA-regulated.
Our company is FCA-certified and our contact details can be found on our website. Opting for a cash advance with BadCreditSite™ brings you security, comfort and protection in knowing we are a legitimate limited financial company.
Who does it benefit?
The cash advance loan system was introduced after a pinocle peak in the financial industry, when the every day individual was left without barely any money to survive let alone much else. We believe this financial product can benefit a multitude of individuals. An example list is shown below.
Bad Credit Ratings and Cash Advance
Having a less-than-perfect credit rating can act as a disability for many individuals when it comes to obtaining and use financial services. However, it is easily done given the current finance market and every day individuals are finding it more difficult. BadCreditSite™ understands this and welcomes anyone who has been turned away prior or struggles to find a fair loan.
Most finance company’s tend to charge outlandish interest and APR rates to those who have a bad credit score. Instead, our interest rate is fair and moderate. More information regarding our interest fee’s and example is provided below.
Who can have a cash advance loan?
You are able to apply for a cash loan as long you meet the following criteria:
- At least 18 years old
- Are a UK resident
Interest rates and APR
The interest rate you will be due to pay will be subject to the lender you choose. Every lender is different. This fee is how much you will owe in addition to your loan. We charge 305.9% interest rate.
As mentioned earlier, it is important to only conduct financial business with companies which are FCA-regulated. A rule of thumb to remember is that is a FCA legal requirement to display a representative figure when discussing loans and interest rates. Displayed on our website already, I have include a small chart to show as an example.
Why take a cash advance with us?
BadCreditSite™ scours the web and searches across the open-market for the best tailored loan for you, given the details you provide us regarding you financial situation.
In addition, we also work along side a varied panel of lenders who are able to grant your cash advance request today.
Our website has a free 2 minute online application in which you provide some basic information and can select to add details if you wish. We then find the best selection for you and offer you the cash, which can be sent directly to your bank account.