Questions
What is a short term loan?
A short term loan, also referred to as a cash advance, is a short term solution for urgent financial needs. It enables you to access money when waiting for your payday is not an option. Typically, these loans are in your account within 24 hours and are repaid on your next pay date.
A short term loan should NEVER be used as a solution for long term financial challenges.
Do I qualify for a CashTransferCenters.com loan?
You must:
- Be actively employed or receive other qualifying income
- Take home at least $1334.00 monthly
- Be at least 18 years old
- Have your verifiable income directly deposited in your checking account.
If you answered "Yes" to these basic requirements, then you are eligible to obtain a loan with us.
Are you going to run a credit check?
While we do not perform credit checks with large national credit reporting agencies, the information you provide on the loan application will be sent to national databases for credit and identity verification purposes.
Will my credit score affect my chances of getting a loan?
CashTransferCenters.com works with people who have all different types of credit, even no credit. A poor credit score may not hurt your chances of getting a loan. Even if you have been turned down by other lenders, CashTransferCenters.com may be able to help you out. Complete our quick online application .
Do I have to send in any documents?
We want to get cash to you as quickly as possible. Usually, all the information required to get your loan can be provided online or by phone. In the rare event we do require a document to be sent in, CashTransferCenters.com urges you to send it via email. This is often more convenient for you and helps us remain Eco Friendly.
What are your rates?
CashTransferCenters.com charges a flat fee of $27.00 for each $100 you borrow. By ensuring that you fully repay the loan amount and flat fee on your scheduled repayment date, you will never be charged a penny more than this if you repay your loan in full on the payment due date.
How much can I borrow?
Your net income, which is the amount of money you have after taxes and deductions, is what determines your maximum loan limit. Your first loan will be a maximum of $300. Once successfully repaid, depending on your net income and history of repaying your loans on time, you may be eligible to borrow up to $1500.00 on future loans. As our trust in you grows, so will your loan limit.
How long can I have the cash for?
The due date of your loan must always fall on the date you receive your wages or other qualified income, with a maximum term of 14 days.
How and when will I get my money?
Once your request has been approved, you will receive an email confirming that your loan proceeds are about to be sent to your bank. From there, it takes 1 to 2 business days for funds to reach your account. This process happens automatically.
How do I pay this loan back?
On your repayment date, the money will automatically be withdrawn from the same bank account it was deposited into. There is nothing you need to do other than ensure the full repayment amount is available on that date.
How do I get another loan?
Provided your loan is repaid in full on your scheduled repayment date, you will be able to request another loan. Instructions on how to get another loan will be sent to you via email and/or SMS.
What if I cannot repay my loan on time?
The full repayment amount including fees is due on your repayment date. We will send you an email two business days prior to your repayment date as a reminder. If the full amount is not available when we attempt to debit your account, you may incur NSF fees charged by your financial institution. Additionally, you will incur NSF fees of $39 and a late payment fee of $20 as detailed in our loan agreement with you. We understand that some issues are beyond your control. If the debit we process on your payment due date is returned unpaid, we will contact you to discuss payment options.
Why doesn't CashTransferCenters.com offer extensions or rollovers?
It truly is in your best interest to repay the loan in full, on time. Extending or rolling over your loan causes you to fall into a cycle where you only pay interest. This makes it extremely difficult to repay the loan principal. Our goal is to help you out, not cause a bigger financial burden. For more information about our efforts to lend responsibly, please click here.
How and when can I contact you?
Please click here for our contact information and business hours. |
