There’s an app for just about everything in life, even getting a loan! Payday advance apps are becoming wildly popular in the US as they offer a level of convenience and speed to the average American that no bank or lending institution has in the past. In this article, we take a closer look at what payday advance apps are, how they work, what they cost, their key features, eligibility criteria, and the steps to apply. We also provide some insight into the best payday advance apps alternatives, should you wish to investigate other options.
What Are The Best Payday Advance Apps?
The best payday advance apps are those that offer borrowers the convenience of completing the entire loan application process via their mobile phone. This eliminates the need for frustrating queues, face-to-face consultations, tedious amounts of paperwork, and lengthy decision processes. This is great news for those that need cash in a veritable flash!
However, borrowers using loan-finding sites such as Big Buck Loans also enjoy easy access to user-friendly application forms, quick response times, and direct contact with potential lenders who offer prompt disbursement. Furthermore, they also have access to larger loan values of up to $5000 and more flexible repayment terms of up to 24 months.
How Do The Best Payday Advance Apps Work?
When applying for loans via the best payday advance apps, borrowers can quickly select small, affordable lump sums to be paid into their bank account. In other words, borrowers can borrow against their future income, much like a cash advance against their next paycheck, which must be repaid on their next payday. This is the perfect financial solution for those needing cash in a hurry but only require a short-term cash injection.
However, those needing slightly larger sums of cash over a longer period would benefit better from using loan-finding sites such as Big Buck Loans. Here borrowers can select loans between $100 and $5000 with extended payment terms of up to 2 years, depending on the loan value and lender. Great news for those needing a little more cash fluidity over a longer time frame!
How Much Do Payday Cash Advance Apps Cost?
The saying “nothing in life is free” is true of most things, and the same can be said for payday cash advance apps. Like loan-finding sites, the convenience of cash advance apps does come at a cost; however, this is not charged to borrowers as an interest rate. Instead, apps usually charge a subscription or request a tip for their services. In contrast, loans via loan-finding sites such as Big Buck Loans provide borrowers with set interest rates ranging between 5.99% to 35.99% with no hidden fees. This takes the guesswork out of what charges to expect and allows borrowers to budget better.
Key Features Of Alternatives To Payday Cash Advance Apps
When choosing Big Buck Loans as your payday cash advance app alternative, you can expect to notice the following features:
Alternatives to Apps for Payday Advance Offer Flexible Amounts
Using Big Buck Loans as an alternative to apps for payday advance provides borrowers with greater choice regarding loan values and repayment terms. Borrowers have access to a wide panel of lenders offering affordable loans from as little as $100 to larger lump sums of $5000, thus providing greater financial freedom. In contrast, loan amounts can vary when using an app and are generally much lower.
Repayment Terms of Apps for Payday Advance Alternatives
Using apps for payday advance provides almost instant access to small cash sums in advance of your paycheck. However, these values must be repaid on your next payday.
Those requiring additional time to pay may find loan-finding sites like Big Buck Loans more beneficial as borrowers can still enjoy fast access to the cash they need and choose flexible repayment terms ranging from 3 to 24 months to suit their financial needs. In addition, repayment schedules can be set to match their salary payment frequency, for example, weekly, fortnightly, or monthly.
Advance Payday Apps Provide Easy Application Processes
While most borrowers enjoy the convenience of using advance payday apps to gain access to the funds they require, they can easily be rejected if they are not traditionally employed and don’t have a payslip.
When using online loan-finding sites like Big Buck Loans, borrowers fill in a simple, user-friendly application form and are linked quickly to potential lenders. Of course, both services are fast and easy to use; however, loan-finding sites offer borrowers great flexibility in terms of the loan amount, repayment terms, and employment status.
Alternatives to Apps Payday Advance APRs
When using Big Buck Loans as an alternative to apps payday advance, borrowers can expect to be charged interest on top of their loan amount. While this can be quite high at times, interest rates generally range between 5.99% and 35.99% depending on the lender. With apps, no interest is applied; however, borrowers should be aware that a subscription fee is usually applied for their services determined by the app used.
Advantages And Disadvantages Of The Best Apps For Payday Advance Alternatives
Advantages of the Best Apps for Payday Advance Alternatives
- Fast access to cash
- Affordable loan amounts
- Loan approval based on affordability over credit score
Disadvantages of Apps That Give You Payday Advance Alternatives
- Self-employed/unemployed applicants rejected
Am I Eligible For Alternatives To Apps That Give You Payday Advance?
- Applicants must be 18 or older
- Applicants must earn a minimum of $1000 per month
- Applicants must be a legal US resident
- Applicants must hold a valid form of US ID/Social security number
How To Apply Via The Best Payday Advance Apps 2022
It’s undeniable that applying for quick cash via the best payday advance apps 2022 is super easy, but using a loan-finding site such as Big Buck Loans is more recommended. This is because after following 4 simple steps, borrowers have access to a wider selection of lenders, loan options, and repayment terms.
Step 1: Select the Amount & Term You Need
Big Buck Loans offers everything and more than the best payday advance apps 2022. First, select the loan value you require and the repayment term that suits your budget.
Step 2: Fill Out the Application Form Online
Access the application form on our website and complete it with your personal particulars. When you’re ready, submit the form.
Step 3: Wait 2 Minutes for Feedback
Within 2 minutes of submitting the form, you’ll received feedback about your application. If you go ahead with the offer presented, you’ll need to finalize the details with the lender – you will be provided with a loan contract to read through and sign.
Step 4: Receive the Cash
Once the signed contract is received, the lender will pay out the cash.
Best Payday Advance Apps 2022 Alternatives
Whether you’re looking for payday advance apps that accept unemployment or regular options for traditionally employed people, there are alternatives to consider too. These include:
Payday Loans with Vivapaydayloans.com
Viva Payday Loans is one of the best alternatives to payday advance apps that accept unemployment as they are known to provide quick cash advances to those who earn their income through unconventional methods.
Personal Loans with Vivapaydayloans.com
If you’re tired of hunting for payday advance apps that work with cash app, the alternative options at Viva Payday Loans may interest you.
FAQ’s
What Apps Let Me Borrow Money Instantly?
Most apps to get payday advance offer almost instant access to the funds you need. Borrowers simply have to download an app of their choice to their mobile phone and click on a few options before the required funds are paid into their bank account.
However, loan values via apps are typically lower than those available on loan-finding sites such as Big Buck Loans, which offer affordable loan values between $100 and $5000. In addition, loan-finding sites also ensure borrowers have a wide selection of lenders, loans, and repayment terms to select from when trying to find a loan that suits their financial situation.
What Apps Give You Payday Advance?
Top payday advance apps provide borrowers easy access to much-needed cash in advance of their scheduled payday. This means borrowers can request small lump sum cash amounts, which must be repaid when they receive their salary. For this reason, some borrowers may find using apps restrictive in terms of limited loan values and strict repayment terms, which is why Big Buck Loans is such a popular cash solution for many Americans.
When using loan-finding alternatives to payday advance apps such as Big Buck Loans, borrowers can request small to medium loan values ranging from $100 to $5000 and select a repayment term of 3 to 24 months to suit their budget.
How Do I Borrow $100 From Cash App?
Many payday advance apps allow borrowers to select small loan values, including loan values of $100 or less. Once the borrower has downloaded the app to their mobile device, they choose the money icon and follow the prompts to borrow the funds they need. Of course, the borrower will need to meet the app’s qualifying criteria, which typically stipulate that all applicants must be employed and in receipt of a wage slip.
This can be particularly tricky if you are self-employed or receive income by another means. In contrast, loan-finding sites like Big Buck Loans help borrowers who are not traditionally employed link with lenders open to providing them with cash advance loans as long as they can afford the loan and meet the loan’s qualifying criteria.
What Is the Best App To Borrow Money Until Payday?
Choosing the best apps to get payday advance can be challenging, especially as there are many to choose from. This can make the loan-finding process just as frustrating as searching for the best payday advance online. However, borrowers utilizing the services of reputable loan-finding sites such as Big Buck Loans can easily find the payday advances they need without any unnecessary fuss.
After completing the easy online application form, borrowers only have to wait a few minutes before receiving an answer. From there, the borrower is linked to potential lenders offering loans that meet their requirements. If the borrower is happy with the loan, the agreement is finalized directly with the lender, and the funds are paid quickly.
Can I Get A Payday Advance Using A Payday Advance App With Bad Credit?
Yes! A payday advance with bad credit is easily applied for using payday advance apps. This is because payday advance apps base their decision on affordability rather than purely on credit score. Therefore, funds are easily requested and deposited into your bank if you are employed, receive the required regular minimum income, and meet the app’s lending criteria.
But while payday advance apps are convenient in terms of poor credit scores and fast cash, they usually only offer small loan values and very short repayment terms. This can make them too restrictive for borrowers needing additional funds and longer, more flexible repayment options.
Loan-finding sites like Big Buck Loans offer more flexibility, providing borrowers with loan options ranging from $100 to $5000 with 3 to 24 months repayment terms. Interest rates are also affordable and can be between 5.99% to 35.99%, depending on the lender.
I’m Unemployed Can I Get A Payday Advance Using An App?
No. Unlike loan-finding sites such as Big Buck Loans, which link borrowers to lenders open to those in non-traditional forms of employment (entrepreneur/freelancer), apps for payday advance require their borrowers to be fully employed with a supporting wage slip. Lenders via Big Buck Loans are very happy to accept applications for payday advances from self-employed individuals. As long as the borrower earns the minimum income of $1000, is 18 years or older, and is legally resident in the US, the funds they require should be easy to obtain.
What Are The Repayment Terms When Using Payday Advance Apps?
When applying for a payday advance using payday advance apps, the repayment terms are set to your next payday. This means the loan value borrowed each time will need to be fully repaid when you receive your salary. These repayment terms can be quite restrictive if you have a tight budget and need additional time to pay.
In contrast, loan-finding sites like Big Buck Loans offer greater flexibility allowing borrowers to take up to two years to repay their loans (depending on loan value). In addition, flexible repayment schedules can be set to match your income frequency, for example, weekly, fortnightly, or monthly. Lenders via Big Buck Loans typically offer borrowers affordable loan values of $100 to $5000 with 3 to 24 months repayment terms.
How Much Can I Get On A Payday Advance App?
The loan value you can get using payday cash advance apps is very much dependent on the app chosen. Each app will have its own selection of loan values on offer, but these are typically quite small, which can prove challenging if you require a larger loan amount.
Using a loan-finding site to access quick cash is far more beneficial, as loan values can be as low as $100 or as high as $5000. This provides greater financial elbow room for more costly unforeseen expenses such as vehicle repairs or medical bills. But, of course, larger loan values via lenders on the Big Buck Loans platform are not restricted and can be used for anything from groceries to a cheeky last-minute holiday!
Do Payday Advance Apps Charge Fees?
Unlike the loans provided by lenders on the Big Buck Loans platform, payday advance apps don’t charge interest on their loans. Instead, many apps charge a subscription fee or request a ‘tip’ for the convenience of their services. These charges vary from app to app and are determined by the app the borrower selects.
In contrast, borrowers who opt to use loan-finding sites like Big Buck Loans usually find it easier to budget for and repay their loans due to their fixed interest rates, which are set at the point the agreement is finalized with the lender. For example, loans offered by lenders on Big Bucks Loans typically attract fixed interest rates between 5.99% and 35.99%; this is charged on top of the loan amount and incorporated in the set repayments.
Do Payday Advance Apps Do Credit Checks?
It’s always a good idea to expect a credit check, even though many lenders will provide cash advances to borrowers with bad credit. This is because lenders in the US are required by law to conduct credit checks on their borrowers, but that doesn’t mean that they cannot provide funding to those with a rocky credit history. Most lenders will do an affordability assessment to determine if the applicant can afford the cash advance.
This doesn’t mean a poor credit score will automatically cause your application to be rejected, as payday advance apps may still provide the cash you need by conducting an affordability assessment. As a result, if you can afford the loan and meet the apps lending criteria, you could have the cash you require even if you have a bad credit score.