Americans are no strangers to borrowing money. According to a recent report, 51.3% of Americans have taken out a personal loan. Plus, they don’t just take out personal loans for medical expenses and debt consolidation; demand for mortgages and car loans is also increasing.
According to a January 2021 survey, the number one reason Americans took out a personal loan was to consolidate debt. Then Americans also took out loans to start a business or cover big medical expenses.
In 2019, the average FICO score in the United States was 706, down from 686 in 2009. This statistic shows an awareness of good lending habits and America’s love of lending. It is therefore not surprising that the loan market is booming. There are more lenders than ever, including banks, online lending platforms, direct lenders and peer-to-peer lenders.
The increase in lending has also led to the birth of online lending platforms like GetCash.com. These platforms provide security and convenience that physical lending companies cannot. For example, with GetCash, you can reach many lenders with one form and get cash fast, so you won’t have to deal with many rejections, especially if you have a low credit score.
GetCash.com started in 2020 with a mission to help borrowers and lenders connect quickly. GetCash is not a lender, but is here to help you find approved lenders who work with people with varying credit scores.
With just one loan application form, you can access a network of lenders committed to helping borrowers get the money they need. Everything is also done online – the approval process, reviewing loan terms and signing documents.
Why choose GetCash?
In addition to ease of use, GetCash has major advantages in terms of quality of service.
The advantage we want to highlight with using GetCash is how quickly you can get the money you need. First of all, you can find lenders instantly after filling the form. Upon loan approval, you can also get your money the next business day. However, this greatly depends on the terms and conditions of each lender.
GetCash.com has changed the way we process loans. Gone are the days when you had to personally go to banks or other lending companies and fill out numerous forms. Now, with GetCash.com, all you have to do is fill out an online form, and the site will take care of forwarding your request to its lending partners.
Many threats are present in cyberspace today. Anyone would naturally be concerned about the security of their information when transacting online. However, the GetCash.com team takes privacy and security seriously. That’s why it uses 256-bit encryption to keep your information secure.
Who is eligible for a loan?
The process of obtaining a loan through GetCash.com is relatively simple. You need the following requirements to qualify:
- Be at least 18 years old
- Have a social security number
- Have a valid, government-issued ID
- Have a bank account in your name
- Have a legitimate source of income (employment, allowance, social benefits, disability benefits or other types of regular income)
Some lenders may require you to show ownership of the residence or proof of residence if you are self-employed. It should be noted that you do not need to be a US resident to obtain a loan.
What does the process of getting a loan look like
GetCash.com has simplified the process of getting a loan to make it easier for borrowers to get the money they need. Plus, you can get a loan for as little as $100 and up to $5,000. Of course, it always depends on the lender program you qualify for and your credit score.
The simple process of getting a loan includes:
1. Complete the online loan application form with approximately 30 personal questions.
2. Be directed to a lender’s page, where you can view the terms and conditions of the offer.
3. Click “Accept” if the terms of the loan suit you. If not, you can start over from step 1.
Note that GetCash is free for borrowers. With consumer satisfaction in mind, GetCash never forces you to accept a loan offer from a lender if you are not completely satisfied with the terms and conditions.
You can pay off your loan manually or use ACH transfers that automatically debit payments from your bank account. The latter option is preferred because it reduces the likelihood of late fees when you forget to repay the loan.
Loan consolidation allows borrowers to consolidate small, high-interest loans into larger, lower-interest loans. This is especially useful if you need another loan while paying off an existing loan and your credit history is improving. Through loan consolidation, you can get easier control of your regular payments and reduce costs.
The availability of this offer depends on state laws, so be sure to inquire about policies on this before accepting a loan offer.
Types of loans provided by GetCash
At GetCash.com, a loan is available for almost any financial need: emergency medical loans, wedding loans, and emergency eviction loans, among others.
Now take a look at the types of loans you can get through GetCash.com.
GetCash.com offers different types of loans to create flexible solutions
A secured loan is a type of loan in which the borrower undertakes to use an asset as collateral for the loan. This type of loan is useful for borrowers who may not qualify for a traditional loan. The downside is that the lender can seize the collateral and sell it to recoup their losses if you can’t make the payments. GetCash also offers collateral loans – car or car title loans are available to you.
Unsecured or unsecured loans
Also called a “personal loan”, this type does not require collateral. Funds are generally available more quickly, and borrowers with high credit ratings can usually get better rates and larger sums. On the contrary, those with poor credit ratings may have low borrowing limits.
Unsecured or personal loans are divided into three types:
This unsecured loan is short term, usually paid off in two weeks. Approval can be quick, and even those with poor credit ratings are accepted. With this loan, you can borrow between $100 and $1,000.
Getting an installment loan won’t be that difficult either. With this type of loan, you can borrow between $1,000 and $5,000, and the interest rates aren’t as high as payday loans, so it’s perfect for people with good credit scores.
If you’re like a lot of people, you probably have some things in your life that you could use a little extra money for. Whether it’s an emergency, a big-ticket item you want, or just some pocket money, GetCash can help you get the cash you need fast.
Even if you have bad credit, GetCash can help you get the money you need quickly and easily. The best part is finding a lender in minutes and getting the money you need the next business day!
So why wait? Get started today at GetCash.com!
Authors biography :
John is a financial analyst but also a man with different interests. He enjoys writing about money and giving financial advice, but he can also dive into relationships, sports, games and other topics. Lives in New York with his wife and a cat.
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