FAQ

This website is not a lender. Fastcash.org offers a free referral service to consumers who are looking for online loan options. Individuals should be aware of the risks of using short-terms loans. They are designed to be used for emergency financial situations and should never be considered as a solution to long-term debt problems.

In this section we answer the most common questions consumers have regarding fast cash loans.

Minimum Requirements

Are there any requirements needed to apply for a fast cash loan?

Yes. To be eligible to apply for a loan you must meet the following requirements:

Anyone who is on active duty status with any branch of the U.S. Military may not apply for a fast cash loan.

 

Bad or No Credit

My credit is less than perfect. May I still apply for a fast cash loan?

It is possible to still qualify for a fast cash loan even if you have a poor credit history, low credit score, or have taken a bankruptcy. Please remember that this website does not make loans or extend credit. Not everyone who applies for a fast cash loan will qualify.

Will lenders run a credit check on me?

Many lenders do perform credit checks on applicants. They may also verify the information which is given on the application form such as Social Security number, telephone number, and address. Having poor credit does not necessarily disqualify an applicant from being approved for a fast cash loan.

After You Apply

What happens after I submit my application?

Fastcash.org makes every effort to match you with an appropriate lender. However, we cannot guarantee that you will be matched. Once you submit your completed online application, we then forward it to one or more lenders in our network.

Who decides if I am approved for a fast cash loan?

Every lender has their own rules and regulations when it comes to the loan approval process. Fastcash.org does not make loans and we play no role in this process. Not everyone will qualify for a loan and approval is not guaranteed. The decision to approve or deny an applicant's loan request rests solely with the lender.

Loan Terms and Fees

What types of fees and interest can I expect to pay with a fast cash loan?

This website does not offer loans or credit to consumers. All fees, including APRs, are strictly set by each lender. The state where you reside may influence your rates as can the amount of money you borrow. Due to the nature of these short term loans, it is always advisable to borrow the least amount of money possible and only what you can comfortably repay within the allotted time (generally two weeks).

Payments and Extensions

If I'm approved for a loan, when can I expect to receive the funds?

Barring any delays while processing your application, the time it takes to transfer ACH funds varies with each lender, and depends on your financial institution. Most lenders work Monday through Friday and make their loan approval decisions during these hours. Approved applicants often receive their loan within one business day.

What if I am unable to repay my loan when it is due?

If you find yourself in this situation, you should contact your lender immediately. Sometimes it is possible to get an extension on your loan's due date but this depends on your lender's rules regarding this and also on your state's law governing this circumstance.

It is your responsibility to review and understand all the terms and conditions of your loan agreement before you sign. Lenders are required to inform you, in writing, of all terms including repayment schedule, fees, and APRs before you sign the contract.

Late and Partial Payments: Not paying the full amount of principal and interest by the agreed-upon payment date may result in additional fees and/or collection activities. Review the late payment policy in the loan documents provided to you by your lender before signing your e-signature, and thereby agreeing to the loan terms.

Loan Renewals: FastCash.org cannot provide a renewal for you. Every lender has its own renewal policy which may vary by lender. With every extension or renewal, a new finance charge ("Extension Fee") may be assessed by the lender, and the re-payment date may be extended until your next pay date. If you are allowed to extend the repayment time, be prepared to pay extra fees and interest above what you originally owe.

Implications of Non-Payment: FastCash.org does not enforce payments. Failure to pay your loan according to the terms and conditions stated in your contract can prompt your matched lender to take legal action against you. Additional fees may apply in the event that you do not repay your loan.

Collection Practices: Lenders may attempt to contact borrowers through one or more authorized methods, including phone calls and emails, to arrange for payment. Collection practices of lenders and/or any assignee(s) will be in accordance with the principals of any applicable federal regulations at all times.

Impact to Credit Report: Late or missed payments, delinquencies and defaults may be reported to credit bureaus which can negatively affect your credit rating. Consumers with credit difficulties should seek the help of credit counselors.

Consumer Rights and Responsibilities

How do I know if a fast cash loan is the right choice for me?

Because of the short repayment terms generally associated with fast cash loans, the smart consumer will only use them for a serious financial emergency. This might be an urgent medical expense, an unexpected car repair, or a utility bill which can no longer be ignored.

Borrowing money is serious business. Fastcash.org suggests that anyone applying for a fast cash loan first consider other options. A small personal loan from your bank or credit union might be a possibility. A cash advance can be taken from some credits card. Check to see if you can get an advance on your paycheck from your employer. Or perhaps you have a trusted friend or relative who would be able to lend you the money you need.

No matter what choice you make, never borrow more than you need. If you have any doubts about being able to repay a fast cash loan within the scheduled time, please investigate other loan options.