1. What is a personal loan?
A personal loan is a medium-term loan with a reasonable interest rate, repaid in equal monthly installments, typically over two years. Our loan specialists can help you obtain up to $5,000, depending on the lender, your state, and your financial situation.
2. What do I need to be approved?
- You must be a legal U.S. resident aged 18 or older.
- You must provide valid contact details.
- You must be legally employed and have a steady income.
- You must have an active bank account for direct deposit.
3. Is the process of getting a loan safe?
When you submit a request on CITY CASH ONLY, LLC, we collect your information to process it and find the right lender for you. We encrypt your data and use industry-leading technology to ensure a high level of security and privacy.
4. How long does it take to get a loan?
Getting a loan is relatively quick as most processing is done online. Filling out the form and submitting a loan request takes minutes, and connecting with a lender usually takes less than an hour. Typically, borrowers receive their funds within one business day.
5. Can I be approved with a bad credit score?
Some lenders in our network perform credit checks with major credit bureaus, while others may only verify that you are not bankrupt or have outstanding debts with other lenders. Generally, poor credit or a lack of credit will not necessarily disqualify you, though it may affect the loan amount and terms offered.
6. Why might I need to contact a lender directly?
CITY CASH ONLY, LLC helps users access reliable lenders and improve their loan options, but we do not have information about specific loan products or their terms. For issues with your loan agreement, please contact your lender directly.
7. What is the annual percentage rate (APR)?
The APR and fees you will be charged are provided to you in writing by the lender after you submit a loan request, but before you are asked to sign a loan agreement electronically.
8. Why might I need to renew a loan?
Sometimes, borrowers find it difficult to repay their loans on time due to unforeseen circumstances. Most lenders allow clients to renew their loans for an additional fee. This option can be costly, so we recommend contacting lenders to avoid additional payments and penalties before they arise.
9. What happens if I can’t make a payment on time or at all?
Each loan agreement outlines the terms for defaulting on payments, including penalties, extra charges, collection practices, and other related actions. Make sure to review these terms before signing any agreement.
10. How many loans can I take at one time?
The number of loans you can take at once depends on state laws and each lender's policies. Each lender reserves the right to determine the number of simultaneous or subsequent loan agreements within the bounds of applicable laws.