AmeriCash Loans Review
AmeriCash Loans are a well-known payday loan company that has been operating for around 24 years according to their website. One of the things I like most about this company and something you will find while looking at AmeriCash Loans reviews is the fact that they are one of the very few payday loan companies registered with the BBB (Better Business Bureau). Additionally, even though some states do not allow payday loans, AmeriCash Loans solves that problem by offering short-term loans, which are an alternative method to borrow money, in just about every state.
The Application Process
Applying for and getting your loan at AmeriCash Loans is simple and painless. It only takes about 5 minutes and if you apply before 9 PM on a certain day, you can expect to have your money in your account the next business day. Like most online payday lenders, there is no faxing of information involved and once you are approved, you can expect the cash to be in your checking account the next business day.
We like the fact that this company provides an informative section on their website describing how their system works as well as offering tips on the best and easiest way to pay back your loan. On their site, you will also find a very useful FAQ section explaining every step of the process in detail.
The amount varies depending on which state you live in. The moment you receive the loan you will be asked how and when you want to pay the loan off. You have the option of paying it off on the next pay period or you can simply pay a minimum amount although this is definitely not recommended with any lender.
Help and Support
You can send them a contact form or call the phone number listed on their website. Online Support works quickly and efficiently. Support fully answers the questions asked.
Do you Qualify?
AmeriCash Loans will match you with a lender with typical qualification criteria. This means that if you are over 18, have a job and an active bank account then you should not have any trouble getting approved.
AmeriCash Loans does not perform credit checks and all the following are their requirements:
- an active checking account
- you have to have been employed at least one month
- you must be at least 18 years old
- you must be a US citizen
During our review, we took out a $500.00 loan and paid a slightly higher APR than Target Cash Now. However, the application process was just as easy and quick as Target Cash Now and customer service was just as impressive.
The maximum amount of the payday loan was generally lower than other companies and they offered plenty of helpful information to guide you through the process as well as to understand how to go about paying off your loan as quickly as possible. Overall, AmeriCash Loans was a worthy choice but the edge goes to Simple Fast Loans because of the overall possibility of being able to borrow more money at a slightly better rate.
Please submit your own AmeriCash Loans reviews using the comments or contact form. Also, click the link below to visit the official site.
Location of This Business
AmeriCash Loans 2400 East Devon Avenue Des Plaines, IL 60018