AMERICASH ADVANCE REVIEW

  • AmeriCash Advance is a direct payday lender licensed in Delaware.
  • The online cash advance application form is straightforward, with a very clear online form which takes about 3 minutes to complete.
  • You can usually get approval within 30 minutes of completing the application form.
  • They operate a very helpful Customer Support Hotline from 9:30am to 5:30pm EST weekdays.
  • Their minimum requirements include being a US citizen, in full-time employment and with an active checking account which is standard across the industry. In addition they require a minimum net (after tax) salary of $1,800 per month, which is more than some other lenders require.
  • AmeriCash Advance do require that you send in a recent 30 day bank statement. However this is done via their secured ‘No Fax Upload System’. This is an Integrated Bank Validation system, making a fax free payday loan possible.
  • They do not perform standard credit checks with the major agencies, which will appeal if you are after a no credit check payday loan. Instead they use TeleTrack and CL which are databases used by many other payday lenders to check information on outstanding borrowing.
  • The maximum loan amounts vary from $500 to $1,500 depending on the laws of the state in which you reside.
  • If your application is approved by 5:30pm EST, funds are transferred overnight (or within the hour using the AmeriCash Express ATM Card) making your fast cash advance available the next business day.
  • One of the unique features of AmeriCashAdvance is their AmeriCash Express ATM Debit Cash Card. This is available free, and allows you to charge the amount of your loan onto the card. The card is sent out to you after you complete an online request form. Once loaded, the card can be used to purchase goods at the point of sale at most merchants, or to withdraw cash at ATMs nationwide.
  • A benefit of the Express Debit Cash Card is that once you have a card, you can receive your cash advances almost immediately. Also, you only ever spend up to the amount available on your card. Note the card can be loaded up to a maximum of $1,000. The card is also insured, thereby making it safer to carry around than cash.
  • On the other hand, it’s important to note that whilst enrollment, activation and first ATM withdrawal are free, there are charges for subsequent transactions, so check details of the Cash Card fees before using this service.
  • You can repay any part of your loan before it is due without incurring a penalty and if you repay before the final installment date, you can call their Customer Service toll-free and arrange a pro-rated refund of the unearned Finance Charge.
  • Extensions are allowed up to four times, each incurring a fee of $25 per $100 borrowed. You should however try to avoid extensions, or if you have to extend, try to reduce your principal amount borrowed at the same time, as this will reduce the overall fees.
  • Only one cash advance is allowed from this lender at any one time, but you can apply for a new loan 3 to 5 days after paying off the last one.
  • The AmeriCashAdvance.com website and application form is SSL secured by GoDaddy.

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