Is First Cash Advance Legit?

Is First Cash Advance Legit?

First Cash Advance is a popular online lender that provides short-term loans to individuals in need of immediate cash. With its easy application process and quick approval time, many people turn to this service for financial assistance. But is First Cash Advance legit?

The answer is yes, First Cash Advance is a legitimate lending company. They are a licensed and registered lender, operating in full compliance with state and federal regulations. They have been in business for several years and have helped countless individuals during their financial emergencies.

How Does First Cash Advance Work?

The process of obtaining a cash advance from First Cash Advance is simple and straightforward. First, you need to complete an online application form on their website. This form requires basic personal and financial information.

After submitting your application, the company will review it and make a decision regarding your eligibility. If approved, you will receive an offer detailing the loan amount, interest rate, and repayment terms. You can choose to accept or decline the offer.

If you accept the offer, the funds will be directly deposited into your bank account within one business day. You can then use the money for any purpose you need.

FAQs

1. How much can I borrow from First Cash Advance?

First Cash Advance offers loans ranging from $100 to $1,000. The loan amount you are eligible for depends on various factors, including your income, credit history, and state regulations.

2. What are the eligibility requirements for a loan?

The eligibility requirements for a loan with First Cash Advance may vary depending on your state of residence. However, common requirements include being at least 18 years old, having a steady income source, and having an active checking account.

3. What is the interest rate on First Cash Advance loans?

The interest rate on First Cash Advance loans can vary depending on several factors, including your creditworthiness and state regulations. The interest rates generally range from 200% to 2,290% APR.

4. How long do I have to repay the loan?

The repayment terms for a cash advance from First Cash Advance also vary depending on your state of residence. Generally, the loan term is between 7 and 30 days. It is important to review and understand the repayment terms before accepting the loan offer.

5. Can I get a loan with bad credit?

First Cash Advance understands that not everyone has a perfect credit score. They consider applicants with all types of credit history. While having bad credit may affect the loan amount and interest rate you are offered, it does not automatically disqualify you from getting a loan.

6. Can I pay off my loan early?

Yes, you can pay off your loan early without incurring any additional fees or penalties. Paying the loan off early will also help you save on interest charges.

7. What happens if I cannot repay the loan on time?

If you are unable to repay the loan on time, it is essential to contact First Cash Advance as soon as possible. They may be able to work with you to find a solution, such as extending the loan term or setting up a repayment plan.

8. Can I apply for multiple loans at the same time?

No, First Cash Advance only allows one loan at a time. Once you have repaid the existing loan, you can apply for a new one if needed.

9. How long does it take to receive the loan funds?

If your loan application is approved, you can expect to receive the funds in your bank account within one business day.

10. Is my personal information safe with First Cash Advance?

First Cash Advance takes the security and privacy of its customers’ information seriously. They use industry-standard security measures to protect your personal and financial data.

11. Can I apply for a loan with First Cash Advance on weekends or holidays?

Yes, you can apply for a loan with First Cash Advance at any time, including weekends and holidays. However, the funds may not be deposited into your bank account until the next business day.

12. Can I cancel my loan application?

Yes, you have the right to cancel your loan application with First Cash Advance at any time before accepting the loan offer. There is no obligation to proceed with the loan.