- What is a cash loan?
- How do I know if I qualify for a cash loan?
- Can I apply if I have poor credit or have filed for bankruptcy?
- What if I am unemployed?
- Do I need to fax in anything to apply?
- How much cash can I borrow?
- How do I receive my cash?
- How long will it take?
- How much will the cash loan cost?
- What if I pay late?
- What if I don´t repay my loan?
- How can I renew a loan?
- Can I have more than one loan at a time?
- Is GreenValleyLoans.com a loan lender?
- How does GreenValleyLoans.com make profit?
- Is GreenValleyLoans.com a secure site?
What is a cash loan?
bad credit loan is a small loan usually ranging from $100 to $1000 that is borrowed to help cover unexpected expenses such as medical bills, car repair, home utility repairs, etc. This type of loan is very beneficial in situations where emergency cash is needed fast, but they also must be paid back fairly fast, usually on the borrower´s following payday – for this reason they are also called payday loans.
How do I know if I qualify for a cash loan?
Most applicants qualify for a cash loan. The requirements are that you: have a current, steady job or a regular source of income; make a minimum of $1200 a month; are at least 18 years of age; are a legal resident of the United States; and have a bank account under your name that is not currently overdrawn.
Can I apply if I have poor credit or have filed for bankruptcy?
Yes you can; credit history is not taken into consideration when lenders approve or deny an application or set interest rates. So whether you´ve filed for bankruptcy or suffered financially, it will not take a toll on your potential to get bad credit loan.
What if I am unemployed?
You will need to have some source of documented regular income in order to qualify for a loan. This means you can potentially get approved if you receive income for unemployment, disability, or retirement.
Do I need to fax in anything to apply?
Not necessarily. However, some creditors may request that you fax certain documents for verification or proof.
How much cash can I borrow?
Generally, the amount borrowed can be anywhere from $100 to $1000. This amount depends on your work history, income, and your lender.
How do I receive my cash?
If you qualify for a cash loan and your application is approved, the borrowed amount will be deposited into your checking account the following business day.
How long will it take?
Loans are usually approved or denied within the same day; if approved, the cash is received the next day.
How much will the cash loan cost?
The cost of the interest rate and loan fees depend on the lender and your application. During your application process, you will have a chance to review your lender´s terms and make a decision on whether or not you choose to accept the terms. If you do not agree with the terms offered, do not sign the application; you are under no obligation if you have not signed. Generally, interest rates tend to be around 12% to 30%. You can use our annual percentage rate calculator or Rate/Fee Projections to estimate the total loan cost and interest.
What if I pay late?
Late or partial payments are usually subject to additional fees such as late charges. Your lender will provide you with a late payment policy before you sign an agreement – make sure to read it carefully and sign only if you agree.
What if I don´t repay my loan?
If a borrower fails to pay out the borrowed amount, our lenders will take all legal actions necessary to gather overdue balances owed and may add on additional charges and penalties. If you suspect that you may not be able to repay your loan in full by the repayment date, speak to your lender directly as soon as possible before the due date to possibly bypass penalties and additional charges. However, lenders who are part of the Community Financial Services Association of America (CFSA) will not take legal action.
How can I renew a loan?
Loan renewal policies vary among lenders, so make sure that you read your lender´s policy and understand how it works. Note that not every lender will debit your account for the full amount of the loan in the case of a loan renewal, so this may result in additional fees and another loan.
Can I have more than one loan at a time?
We do not advise borrowers to take out multiple loans at once; in fact, we are strongly against it. Interest rates on bad credit loan tend to be higher than that of other types of credit, so taking out more than one loan at a time or relying on cash loans to better your financial situation can only make matters worse. We recommend that you look into other options before applying for another loan.
Is GreenValleyLoans.com a loan lender?
No, it is not – we simply connect clients to our network of lenders. Once a loan application is submitted through our site, it is forwarded to be matched up to multiple lenders. You are then redirected to the actual lender´s site to review their terms and conditions. It is important to make sure that you completely understand and agree with the terms before signing the agreement. Any fees, charges, and interest rate should be made clear to you by the lender.
How does GreenValleyLoans.com make profit?
Once we complete a successful match between a borrower and a lender, we obtain commission from the lender. If we fail to find a lender who will qualify an applicant for a cash loan, or the applicant does not receive cash after approval, we do not make commission, so there is no profit. Therefore, it is important for us to maintain a large network for lenders so that we can provide access to loans for as many people as we can.
Is GreenValleyLoans.com a secure site?
Yes. We use the most advanced online encryption technology that is used by many financial institutions: 256 bit Secure Socket Layer (SSL) protocol. This means that your sensitive information is safe, secure, and free of risk.