My Cash Now

When credit becomes tight for any individual or a family, people may be left with the idea that there are no other options to pay unexpected expenses and pending bills. There are cases where no matter how much assets or money you have, you may not have enough cash on hand to pay what you have to pay. For these situations, cash advance loans from My Cash Now is a very handy tool to have.

My Cash Now is an online payday loan company that handles short term loans for any individual. These personal loans are handed out with minimal restrictions. Clients with bad credit can use cash advance companies like My Cash Now to tap into much needed cash for their needs. In most cases, these loans have become a lifesaver.

My Cash Now RatingsBased on 14 reviews – 0 is lowest, 5 is highest

4.4 Service
3.0 cost
4.3 timing
4.4 use again

My Cash Now serves its clients by providing quick and easy cash options through personal payday loans. Their services are coupled with top-class customer management so that clients will feel at ease with the loan process. In addition, My Cash Now submits to government's regulatory bodies to ensure the safety and security of the transaction.

My Cash Now maintains its reputation of being a responsible citizen by encouraging financial responsibility to its clients and to protect their interests. My Cash Now understands that people who borrow from them do so because they have no other choice. Thus, they strive to educate people to help them go through financial difficulties. My Cash Now offers articles and resources about budgeting and money management.

While My Cash Now recognizes the need to become a leader in teaching society to become financially responsible, the company also understands that there are personal issues that exceed financial matters. They acknowledge that financial difficulties can also be related to life's daily obstacles. That is why My Cash Now offers resources to help people deal with their personal issues. This action by My Cash Now is part of an ongoing initiative to become a positive contributor to the neighborhood where it serves.

Cash Advance Overview
My Cash Now payday loans are also available to individuals who are 18 years old and above. They must have a valid checking account that is active for 90 days, and they should have stable employment that earns a minimum of $1000 per month. My Cash Now should be able to verify your place of employment. In addition, clients should also be able to be reached by phone.

My Cash Now has a large list of benefits that customers should look hard at. One of the benefits is competitive rates. New customers can avail of a 50% discount from the initial finance fee for the payday loan. Loan processing is also easier since online approval does not need arduous credit checks. Clients who have bad credit just have much of a chance to secure a cash advance compared to clients with good credit. My Cash Now is available for 24 hours a day and 6 days a week. This ensures that you can have the money that you need anytime. Once you get your loan approved, expect the fund in the next business day. However, personal loans that were approved during the weekend will only get the money distributed by Tuesday.

My Cash Now Security Policy
Cash advance are high risk and short term loans which also command a higher interest compared to banks and other traditional loans. The government takes precautionary measures to protect the interest of both the lender and the borrower. It is the responsibility of the lender to keep the client's personal information, and keep you updated on the status of your loan. At the same time, it is the responsibility of the borrower to pay the loan back plus the interest when the due date comes. My Cash Now's online loan application form is protected by standard encryption methods. This ensures that no one can take out a loan on your behalf without your consent.

The Benefits of Cash Advance
A cash advance is very useful when used right. It helps bridge the gap of having no money running up to the payday, it is very easy to get, and for online transactions, you do not have to go to the store to pick up the loan. For unexpected expenses and incoming bills, cash advance loans help a lot.

However, one must understand that there is a premium for this kind of short term loan. The interest rate of the cost of the loan is a lot higher than bank rates. At the same time, borrowers are only given up to the next payday to complete the loan. Thus, borrowers should be responsible and educated enough to take these short term loans. If you are planning to borrow, you should know if the benefits of a cash advance outweigh the price of the loan. Look for better alternatives. In the end, it does not matter if you take out a loan or not, what matters is that you are financially responsible to take the loan out and pay it back.

Clients may extend the loan from My Cash Now up to three times. During this extension, the borrower only needs to cover the interest rate. After a third extension, severe penalties will apply. Borrowers are urged not to extend the loan as it can cause financial stress. The extensions are there to help and not to give you additional debt.

My Cash Now does not perform credit checks on any applicant. Instead they uses a database called Teletrack which is an information sharing system used by loan agencies to check if the applicant has any unpaid loan balance. My Cash Now is also a no-fax loan store, which means that application is processed without the hassle associated with document approval.

Their online loan facility is located at www.mycashnow.com. You can also call 1-866-392-2274 to talk to a trained customer service representative. If you are not familiar with a cash advance or if you want to inquire about your situation, you can talk to them to sort things out.