Loans for People on Benefits: Do CashAdvance.Com Offer Loans for People on Benefits?

This review of CashAdvance.com is dedicated to unemployed people and disabled people who are on benefits. This review will find out whether unemployed people and disabled people on benefits can take out a cash advance or a payday loan from CashAdvance.com.

There is a lot of confusion and unhelpful information on the internet and this guide aims to get to the truth. Lead generation companies offer misleading information to get peoples details to make money. This review will definitely state whether or not loans are available. 

Most of these cash advance sites do not explicitly state what their position is when it comes to offering cash advances to people on loan, I will email CashAdvance.com to get definitive answers.

What do CashAdvance.Com Offer?

CashAdvance.Com as the name suggests offers cash advances and payday loans, you can apply online and your information remains 100% secure and confidential. There are no fees, no faxing and obligation to accept loan terms after applying, even if you have bad credit you can apply. If you’re approved and agree with the lenders terms you can have the cash deposited into your checking account.     

CashAdvance.com is not a direct lender, instead it connects with a network of lenders who compete  to offer you the best rates, if you don’t like the lenders terms then you can decline and cancel the application and just walk away.

What Are The Requirements to Take Out a Payday Loan?

The requirements for a payday loan is the following, unfortunately there is no mention of eligibility for disabled people or unemployed people on benefits.

1.       You must be employed for more than 90 days in your current job

2.       Must be a citizen of the United States

3.       Must be 18 or over

4.       Have an income of at least $1000 per month after taxes

5.       Have a checking account in your name

6.       Have a valid email address, home and work phone numbers

What Are the Fees and Charges for CashAdvance.Com?

As CashAdvance.com is not a direct lender there is no information on fees and charges, instead CashAdvance.com act as a middle man to find you the best rates, there is no mention on how much commission they earn. Commissions are normally taken from the actual lender but I will find out when I email them. Late payment policies, non-payment policies and loan renewal policy all vary so it’s important to check the small print before you go ahead.

What is the Application Process for the Payday Loan?

The application process is quite straight forward, CashAdvance.Com take all the information that they need they then pass this information on to their network of payday lenders to get you the best rates. There is no mention on how many credit checks are done. CashAdvance.com might complete one credit reference check and pass this information on or they might just pass the information to multiple lenders who will do multiple checks.

Do CashAdvance.Com offer Loans to Disabled People on Benefits?

Unfortunately there is no mention on whether they offer a service for disabled or unemployed people on benefits. When I email them I will try to find out if they offer payday loans or cash advances to people on benefits. What their policy is on credit checks and how bog their network of lenders are.

Letter to CashAdvance.com Asking Them if they Offer Loans to People on Benefits

Dear Sir/Madam,

I want to apply for a cash advance or payday loan, I am currently on unemployment benefits and disability benefits and wanted to know if you can offer me a cash advance. I have a reliable source of income that exceed $1000 after tax requirement and I would be grateful if you could let me know what your position is when offering loans to people on benefits.

I also wanted to know how big your network of lenders are and how you take your commission, I also wanted to know how many credit checks are done when my information is passed to you.

I look forward to hearing from you.

Thank You

As soon as I receive a response I will update this guide to let everyone know whether CashAdvance.com offer loans for people on benefits.

Do Advanced Paycheck Now Offer Loans to Unemployed and Disabled People?

There is so much ambiguity surrounding payday loans for disabled and unemployed people, I started this site so we could cut through all the crap and find out really which company offers payday loans to unemployed people on benefits or disabled people on benefits. 

After doing some research on pay day loan websites I came to the conclusion that these companies are not really clear whether they offer installment loans and payday loans to people who receive benefit. I decided to get in touch with these companies to find out exactly what their position is when it comes to offering loans to people on welfare benefits.

Today I’m going to be contacting Advanced Paycheck Now. I won’t give them a call, instead I will write an email asking them what services they offer disabled and unemployed people on benefits. Before I get t the email I just want to spend some time reviewing the website to see if they really do offer anything that’s worth applying for.

What do Advance Paycheck Now Offer?

Advanced Paycheck Now offers cash advances securely online, they use SSL technology so your information remains confidential. The application process takes only 2 minutes and you could get approval within minutes and you could have your money within 24 hours. There are no setup fees for new clients and you get a 24 hour toll free fax number to send all documents as proof, you could also go faxless and email all your bank statement and proof of identity to really speed up the process.

What Are The Requirements to Take Out a Payday Loan?

The requirement for taking out a cash advance or payday loan is that you need to have a direct deposit account, you must not have any outstanding bad checks and you must not have more than one outstanding loan with another company. You must have a minimum income of $1000 per month and you must receive that income twice a month. On the requirements it does not state whether this income needs to be paid income or whether it could be income from state benefits.

What Are the Fees and Charges for Advance Paycheck Now?

The fees and charges for Advance Paycheck Now is consistent with other pay day loan companies, they offer 1303.57% for a 7 day loan, 651.79 for a 14 day loan and 506.94% for 18 days. If you were to borrow $100 there would be a $25 fee and total due back would be $125, there is an extension fee of $25.

What is the Application Process for the Payday Loan?

You can apply online by filling in a short online application and then email or fax them your most recent statement or a 30 day online transaction report. The application process takes 2 to 3 hours and then if you’re approved the money will be directly wired to your checking account. When the money is due the payment is taken directly from your bank account.

Do Advance Paycheck Now offer Loans to Disabled People on Benefits?

This is the message that I sent to Advance Paycheck Now to find out whether they offer loans to people on benefits, I wanted to know whether people on unemployment benefits or disability benefits were eligible for their products.

Letter to Advance Paycheck Now Asking Them if they Offer Loans to People on Benefits

Dear Sir/Madam,

I wanted to apply for a cash advance/payday loan from Advance Paycheck Now. I am currently on benefits and am receiving unemployment benefits and disability benefits. I need to borrow a money for a period of 18 days and wanted to know if there are any products you could offer me.

I have checked all the content on your website and was disappointed that there are no facilities explicitly mentioned for disabled or unemployed people. Most people on benefits have a reliable source of income and I wanted to know if you regard these benefit 

payments as income.    

I look forward to hearing from you.

Thank You

As soon as I receive a response I will update this guide to let everyone know whether Advance Paycheck Now offer loans for people on benefits.

Finding Loans for Unemployed Disabled People on Benefits

Finding loans for unemployed or disabled people on benefits can be challenging but not impossible. In this three part guide we will look at ways to maximize your chances of getting a loan by considering all the options available to unemployed and disabled people on benefits. There are many unscrupulous companies out there who are looking to take advantage of people who are disabled and unemployed by offering them same day money with little or no upfront fees, once you bind into the contract the interest rates and late payment fees become unbearable and most people end up in a financial mess. In this three part guide we look at how to avoid all the scams and find the cheapest loan for people on benefits.

Part 1: What Are You Eligible for

Apply for All Benefits and Increase Income

Before you start applying for loans you should ask yourself whether you really need the money. If you’re on a tight budget and are struggling to make ends meet while unemployed or on benefits it makes sense to defer your loan until your circumstances improve. 

If however you feel like you need a loan then before you apply you should check that you’re getting everything that you’re entitled to. If you’re unemployed or disabled you should be eligible for the standard benefits such as unemployment benefits and disability benefits. 

You could also apply for other financial assistance programs such as rental assistance, food stamps, energy and weatherization programs to help with utility bills. If you are able to increase your income and reduce your costs you will have more disposable income. 

The more disposable income you have the better your chances of getting a cheaper loan. You should check what benefits you’re entitled to using the USA.Gov eligibility tool.

Apply for Government Loans

The government also offers loans for disaster relief, if you’re unemployed or disabled and on benefits there are a number of government loans that you could be eligible for if you’re experiencing a crisis or disaster. 

You could apply for the Home and Property Disaster Loan through the U.S. Small Business Administration Department which offers timely financial assistance for homeowners and renters located in a disaster area.

Secured Homeowner Loans for People on Benefits

If you’ve got income coming in the form of unemployment benefits, disability benefits, alimony payments then you might be able to borrow money against your home. If your home has a decent amount of equity you could open up a line of credit using HELOC – Home Equity Line of Credit. This is very similar to a credit card and can be administrated through your bank or credit union.

Part 2: Loan Options for Disabled People on Benefits

Life Insurance Loans

If you have a term insurance policy or a whole of life policy you might be able to borrow money against this. You will need to call your insurance company and ask them to give you a current valuation on the policy. You can then go to your bank or credit union and ask them for a small loan by using the life policy as a securitized collateral.

Credit Cards Cash Advances

If you’re unemployed or on benefits you should be able to apply for a credit card however the interest rates on these will be very high. If you’ve got no other option then taking out a cash advance could be something you might want to consider. 

Before you take out a cash advance consider carefully whether you really need the money and workout exactly how much you’ll be paying back. Sometimes credit cards can charge over 40% for a cash advance and some of them will even charge fees. It’s up to you to sit down and work out how much money you need and how much you will be charged and how you plan to pay the money off.  

Loans with Co-Signers

If you can get someone to co-sign your loan you’ll be in a much better position to take out a loan at normal rates of interest. Some lenders are prepared to offer loans to people on benefits and sometimes unemployment benefits, disability benefits and alimony are considered as income. When you get someone to co-sign your loan make sure you can afford the payments otherwise you’ll be placing the co-signer under burden and it could eventually ruin your relationship with that person.

Car Title Loans

If you’ve got a vehicle that’s been paid for and you’ve got the title to prove it you could apply for a car title loan. You must have a valid driver’s license to and depending on the condition of age of your vehicle you could borrow anything up to $25,000 in certain states. Most lenders will allow you to keep the car as long as you can keep up with the payments, if you do miss several payments then your car might be repossessed and sold to pay for the loan.

Part 3: Other Loan Options for People on Benefits

Payday Loans

There are a lot of payday companies which consider unemployment benefits, disability benefits and alimony payments as reliable income, sometimes this source of income can be more reliable than having an actual paid job. There are a number of payday lenders that will loan small amounts of money to people on benefits; most of these lenders have a certain criteria stimulating that you must have income that exceeds a normal amount. 

This is usually $1000. If you’re benefit amount is greater than $1000 then you should be able to apply for these loans. These loans are very expensive and on occasions exceed 1000% APR. Again you need to sit down and consider how much you need to borrow, how much it will cost and whether you can afford to pay it back.

Debt Consolidation Loans

Debt consolidation could be the answer if you’ve got a lot of loans. If you’re taking out another loan to service these loan then you’ll be entering into a never ending viscous cycle of debt that will be hard to get out of. 

If you’re having difficulties making the payments while unemployed or on disability benefits you could sought the assistance of a debt management plan which would force all your creditors to share any surplus income that you have at the end of the month. 

Most of the time the interest rate will be stopped and you’ll only have to make one payment to the debt management company which then divides the money pro-rata and then send to your creditors.

Grants and Bursaries

If you’re unemployed, disabled and on benefits and need money to study then you should consider applying for grants, bursaries, fellowships and scholarships. 

There are literally hundreds of organizations and charitable foundation which offer financial help to students who want to further their education. 

You could enroll into a free proposal writing course which is offered by the Foundation Center and then pay for a subscription to search their database of grantees for money.

Pawnbrokers

Another option that you could consider is pawning items, if you don’t really want to get a loan and have valuables such as gold, jewelry, fine wine, electronics, or designer items you could pawn these items or sell them for money. If you decide to pawn them you need to keep up with the repayments of the loan otherwise the items will be sold.

Loans for Unemployed Disabled People on Benefits: WizzCash Review

This review aims to find out whether disabled or unemployed people on benefits are eligible to apply for loans from WizzCash. WizzCash.com started trading in 2012 with a commitment to bringing responsible lending with low APR’s compared to other companies like Wonga.com and QuickQuid.com.  WizzCash.com offer same day funding which means that once you’re approved you could have your money within 60 minutes. 

The approval process is relatively fast, applications take 10 minutes and there is a quick decision with a maximum of £300 for your first loan. The repayment process is very simple, there are 3 repayments dates and the loan charge along with the principal is spread by three months. If you can service you loan properly then your credit limit could be extended to £1000.

What Services do WizzCash Offer?

WizzCash.com offer a hybrid between payday loans and short term loans. The installment loans have a maximum term of three months allowing the borrower to spread the cost of their loan. There are four steps if you want to apply for a WizzCash Loan, the first them is you choose the amount that you want to borrow. 

For first time borrowers you can choose a maximum of £300, if you’re able to service the loan successfully then you can apply for a maximum of £1000. The second step is you verify tour loan by SMS or email. The third step is you get you money transferred to your bank account and finally the fourth step is you make a note of all three equal monthly repayment amounts and date and ensure that you’ve got a standing order for your money to come out of your bank account automatically.

What are The Rates & Charges for WizzCash?

The interest rates and charges for WizzCash.com are quite competitive; interest is simply states as £22 per £100 per month which makes it so much easier to understand. Typical payday loans charge 1737% whereas WizzCash charge a typical 993%. For example if you were to borrow £300 from WizzCash as a 90 day installment loan the total cost would be £437.61. This means there are three equal payments of £145.87 every month until the 90 day elapses.

90 day installment loans offer more flexibility in terms of affordability, many payday loans and cash advances usually require repayment within weeks, having three months to pay the balance puts you in a better position to avoid any late payment charges. You must remember not to use these types of loans to service other loans and frequent use of 90 day installment loans could get you into financial difficulties.

Does WizzCash offer Loans to People on Benefits?

If you’re on unemployment or disability benefits and receive an income of £750 or more per month you should be able to apply for the 90 day Installment loan. You also need to be over the age of 20 and be a UK resident. Unfortunately there is no explicit mention on whether WizzCash.com offer loans to people on benefits however they state that you need a take home of £750 per month, they do not specify what this take home should be therefore there is a chance that they offer these 90 day loans to people on benefits. 

Loans for Unemployed Disabled People on Benefits UK: QuickQuid Review

This review of QuickQuid.com aims to find out whether disabled or unemployed people on benefits can take out a quick cash advance or a payday loan. QuickQuid.com is a premier online provider of cash advances, these advances are normally sent within 10 minutes of approval to anyone in the United Kingdom. 

QuickQuid.com claims that there are no hidden fees and you can contact their customer service 24 hours per day 7 days a week via phone, email or live chat. 87% of existing customers stated that they would recommend QuickQuid to their friends, relatives and colleagues.

What Services Does QuickQuid Offer?

QuickQuid.com offers two ways to borrow; you have the option of QuickQuid FlexCredit or QQ Short-Term Loan. FlexCredit is similar to a cash advance or a payday loan and allows you to borrow money for short term purposes where you repay the money within weeks. If you’re approved of FlexCredit you can choose how much you want to borrow and then customise your payment options, you can pay the full amount on a certain date or a partial amount depending on your circumstances.

The QQ Short-Term loan is designed to bridge the gap between paydays so you can cover any unexpected expenses without any worry. The online application is very straightforward and once approved you can borrow money based on your credit score. Your credit limit is increases if you’re able to service the loan on time without going into arrears. There are three payment options for the QQ Short-Term loan, 1-Period payment is where you choose the one date where you make the full payment for the principal and finance charge. 2-Period is where you pay the finance charge on the first repayment date; you then make the full principal amount and any additional finance charge on the second payment date. 3-Period gives you three payment dates to spread the cost of your short term loan.

What are the Rates & Charges for QuickQuid?

The rates and charges for QuickQuid.com are completely transparent which means you’ll know exactly how much you need to pay back. For example with a QuickQuid FlexCredit £1200 loan over 10 months the interest rate is 300% per annum, the total amount repayable is £2831.34; the total cost of the credit is £1631.34 and represents an APR of 1362%.

For a QQ Short-Term Loan, if you borrow £200 for 28 days the total charge for credit is £50. Interest rates are fixed at a rate of £50 per £200 which represents a 326% Per Annum charge. The total repayable is £250 which represents a 1734% APR charge.

Does QuickQuid Offer Payday Loans to People on Benefits?

Unfortunately QuickQuid does not offer any facilities for disabled or unemployed people on benefits, the requirements for taking any loans out are that you need a valid UK Bank Account, you must be over the age of 18, you must be employed and receive a regular pay-cheque and you must be resident in the UK. I went through the entire QuickQuid.com site and could not find any mention of loans being available to people on benefits.

Loans for Unemployed Disabled People on Benefits UK: Wonga Review

This review of Wonga.com aims to find out whether disabled and unemployed people on benefits can take out a payday loan. With all the ambiguity surrounding the eligibility of loans this review is aimed at people who are on benefits and want to take out a minimum fee loan where they can get the money on the same day. 

Wonga.com is a leading digital finance company based in London. The company was first launched in 2007 and is becoming one of the world’s most innovative credit providers. Wonga was recently names the best company in The Sunday Times Tech Track 100 and 92% of customers agree the service offered by Wonga is easy to use.

What Services Does Wonga Offer People on Benefits?

Wonga.com offers payday loans and cash advances, unfortunately they don’t offer installment loans or title loans. These loans are designed for short term urgent cash flow needs where you have an emergency or opportunity you can’t miss.  All you have to do is choose how much you need and for how long, you can apply online anytime and the decision is instant. All the costs are shown upfront. 

If you don’t pay on time there is a £30 missed payment fee which may affect your credit ratings and ability to borrow money from Wonga.com and other lenders. Wonga.com advise their clients that these loans are intended for occasion use and should not be used to service existing debt. All loans must be repaid within weeks and they do not hide the fact that this isn’t the cheapest way to borrow.

If you wanted to borrow £150 for 18 days then you would pay an interest of £27.99. The Transmission fee is £.550 and the total repayment amount is £183.49, this represents and APR of 5853%. You can add additional credit to existing debt or extend the payment period by clearing the interest charges and bringing the debt forward in time by refinancing.

What are the Rates & Charges for Wonga?

The interest rate for a Wonga.com payday cash advance loan is 1% per day, this is calculated at the end of every day. The transmission fee is £5.50 whenever you borrow money or additional money. There is an extension fee of £10 if you choose to change the promise date and there is a late payment fee of £30 if you miss your payment on the promise date. All fees and charges are clearly shown when you take out the loan so there really are no hidden fees.

Does Wonga Offer Payday Loans to People on Benefits?

As a responsible lender Wonga.com assesses every application on an individual basis, there are up to 8000 pieces of data that the lender uses to make a decision. This lender only lends to people who they think will be able to repay the loan. If you’re unemployed or disabled and on benefits then you should be able to apply, the only requirements for the cash advance is that you’re a UK resident, over the age of 18, have a bank account with a debit card and own a mobile phone. There is no mention of having recurring income, as long as you’ve got benefit money being paid into your back account and satisfactory credit you should be able to apply. 

Title Loans for People on Benefits: The Cash Store Review

This review of The Cash Store will find out whether title loans are available for people on benefits. The Cash Store has been operating for nearly 15 years since it opened in 1996. It operates in several States including Idaho, Illinois, New Mexico, Texas, Utah and Wisconsin. There are 320 stores all over America and you can apply online and pick the money up at any store. 

If you've got bad credit and need money fast then you can apply for a variety of loans that offer money same day. One important point that you must bear in mind is that the interest rates on all these products will be really high and you must be certain that you can afford the payments before you go ahead.

What Services do The Cash Store Offer?

There are three services that The Cash Store offers, all these services are available to people with bad credit and sometimes you can get the money the very same day. You can apply for a cash advance also known as payday loans; you can also apply for installment loans and title loans. With a title loan you can borrow up to $25,000 at The Cash Store. 

The only requirement is that you own your own vehicle free and clear which means that it’s all paid off. You must have a driver’s license, proof of income is only required in the State of Illinois. You also get to keep the vehicle and drive it as long as you continue making the payments.

There are three easy steps to applying for a title loan, the first step is that you apply online, you then go to the Cash Store to verify all the details and if approved you could get the cash the very same day. You need to show title proof that the vehicle belongs to you; you must also have a valid driver’s license and proof of income if you live in Illinois. Title loans are available in all the operating states, you could apply for a loan of up to $20,000 in Idaho, $4000 in Illinois, $2,500 in New Mexico, $20,000 in Texas, $20,000 in Utah, and $25,000 in Wisconsin.

What Are the Title Loan Rates and Charges for The Cash Store?

Loan rates vary from state to state. For a title loan payable in 30 days in Idaho the advance amount finance charge for a 12 year old or newer car at $500 is $128.50, the total of the payments will be $642.50 this represents an Apr of 304.17%. For cars older than 13 years the APR increases to 365% and the total payment for a $500 advance is $668.20. You can find all the title loan rates and charges applicable here.

Does Cash Store offer Title Loans to People on Benefits?

You can apply for a title loan if you’re on benefits, you do not need to show proof of income unless you live in Illinois. As long as your vehicle is paid for and you have complete ownership of the title you will get a loan depending on the age and condition of the car. If you have bad credit you can still apply for the loan.