What credit score do you need for cash money?
The minimum credit score required to apply for a Cash Money loan is 560. However, your credit score is only one factor, and Cash Money can look at other factors such as the amount of debt you’re already carrying, your income and whether you’ve defaulted on any loans in the past.
How much can you borrow from cash money?
Cash Money installment loans, also referred to as a personal loan, are loans that are funded in a lump sum and paid back over time. At Cash Money, installment loans range from a minimum of $500 to a maximum of $10,000 and can be borrowed over 6 to 48 months.
Do you need credit for a cash loan?
Some lenders may offer loans without checking your credit. For example, you usually don’t need a credit history to get a payday loan; instead, you must show that you have a bank account and regular income. And if you can’t repay the loan when it’s due, you may have to pay a fee to renew the loan.
How does a payday line of credit work?
A payday loan is a short-term loan with high fees that make it a very expensive way to borrow money. You must pay the loan back from your next paycheque. In the following provinces, you have up to 62 days to pay it back: Alberta.
What is needed to get a loan from Cash Money?
Payday Loan Requirements
- Be 18 years old or older.
- Valid photo ID.
- Open and active bank account.
- Steady source of income.
- Working phone number.
What is bank credit line?
A line of credit is a flexible loan from a bank or financial institution. As with a loan, a line of credit will charge interest as soon as money is borrowed, and borrowers must be approved by the bank, with such approval a byproduct of the borrower’s credit rating and/or relationship with the bank.
What do I need for cash loan?
What are the requirements for a Payday Loan?
- Government Issued ID.
- Social Security Number.
- Proof of Income.
- Active Checking Account.
- Personal Check (In-Store Only)
- Valid and Active Email Address (Online Only)