Cash Advance

Bad Credit Cash Advances: Everything You Need to Know

Pros and cons of credit cash advances for bad credit. Plus an alternative option 💗

Text that says 'Bad Credit Cash Advances'

Navigating Your Financial Options in Tough Times

Sometimes life hits us with unexpected expenses that we just can't afford. And if you have bad credit or don't have an emergency fund to dip into, it can be even more challenging to find a way to get the cash you need. But just because your credit isn't looking super hot right now, that doesn't mean applying for a cash advance is way out of your league.

In this blog, we'll talk about cash advances for bad credit and the pros and cons.

What is a Bad Credit Cash Advance?

A bad credit cash advance is specifically designed for people with bad credit. Unlike traditional cash advances, which require good credit, a bad credit cash advance is available to pretty much anyone who needs it.

If you're someone who doesn't have the best credit, companies like Advance America, Credit Ninja and Ace Cash Express can offer credit cash advances.

However, there are terms and conditions you need to be aware of. If you're looking to go down this route, this type of credit comes with hefty interest charges and if you're unable to pay it back on time, you could find yourself in a tricky situation. Stay tuned for more on this. ⚠️

How Does it Work?

The process for getting a cash advance when you've got bad credit can be quite straight forward. Once you've found a lender that offers this type of credit, you'll be asked to fill out an application. The lender will review your application and, if approved, deposit the money into your bank account. You'll then have to repay it, with interest (usually lots of it), on your next payday.

Pros and Cons of a Bad Credit Cash Advance

Like everything in life, bad credit cash advances come with their own set of pros and cons:

✅ Pros:
  • Easy application process
  • Available to people with bad credit
  • Can be used to cover unexpected expenses
❌ Cons:
  • High interest rates
  • Short repayment period (usually due on your next payday)
  • Can lead to a cycle of debt if not used responsibly
  • Late fees

Looking for an alternative?

We get it, you're stressed about the whole high interest thing… and rightly so. But there's an alternative.

Let us introduce you to the world of ✨ cash advance apps ✨

There are tons of cash advance apps out there which won't charge you any of that pesky interest and Cleo's one of them.

If you're in a tight spot, the Cleo Plus* feature can offer up to $250**.

Why Choose Cleo?

There's lots of reasons.

Firstly, there isn't a specific income requirement, meaning she doesn't need to verify your employment status.

And with Cleo Plus*, you’ll get access to helpful financial features which in time, should help you build your credit history.

One of these handy features is Credit Coaching

With Credit Coaching you’ll be able to regularly check your credit score, and you’ll get your full report directly in the app.

In your report, Cleo will give you clear information explaining your score, and the steps you’ll need to take so you can manage your money in a way that can help improve your score.

She’s that clever, she’ll even pick up any spending habits which are bringing you and your credit score down. 👀

So, How do You Get a Cash Advance with Cleo?

1) Download Cleo
2) Connect her with your main bank account
3) Find out if you're eligible** for the cash advance
4) Consider if Cleo Plus* is right for you
5) Decide when you want the money‍

💵 Maximum amount: $250**
🏦 Fees: $5.99 monthly subscription and no late fees
🚀 Speed: Three to four working days or today if you pay an express fee
✅ Repayment: It’s up to you when you want to repay ‍
🔎 Credit check: No
📈 Interest: Hell no‍

So, there you have it – bad credit doesn't have to mean the end of the road for your cash advance needs. While traditional bad credit cash advances come with their fair share of drawbacks, cash advance apps like Cleo can be a game-changer. With no interest charges, no credit checks, and a host of helpful financial features, Cleo Plus* offers a more user-friendly solution for your short-term cash needs.

Don't let bad credit hold you back. Explore cash advance apps, and take control of your financial future today. After all, everyone deserves a superhero in their corner. 💗🚀

*Cleo Plus is our subscription service, which offers eligible users cashback on your money, information on your credit score, and access to cash advances (“Cash Advance”). Advance amounts will vary based on eligibility. If you don’t want to subscribe, you can also apply for cash advance by contacting our customer service at team@meetcleo.com. To learn more about eligibility, repayment, and overall terms, please visit: meetcleo.com/terms
**Eligibility requirements apply. Not all users will qualify. Advance amounts range from $20 to $250. Same day transfers subject to express fees. Visit
meetcleo.com/terms for more information.

Still have questions? Find answers below.
Written by

Read more

signing up takes
2 minutes

QR code to download cleo app
Talking to Cleo and seeing a breakdown of your money.
// Table of Contents Dynamic Script //