What is Allied Cash Advance?
Allied Cash Advance operates in various states in the U.S., the company offers short-term loans and cash advances which typically range from $50 to $5,000.
They also offer a Netspend prepaid Mastercard which is a reloadable card that is used similarly to a debit card but without using a bank. You can top it up and use it to pay for things like bills and shopping.
How does Allied Cash Advance work?
If you’re applying for a loan with Allied Cash Advance, here’s what the process would typically look like:
1) Application: You can apply for a loan online, over the phone, or at one of Allied Cash Advance’s physical stores.
2) Get approved: Once your application has been submitted, it’ll be reviewed and they’ll determine if you’re eligible for the loan.
3) Receive your funds: Once you’ve accepted the Terms and Conditions (even though they’re boring, always check these), the funds are typically deposited into your checking account unless you state you want cash or a prepaid debit card.
4) Repay your loan: Agree on your due date which is usually your next payday or within a few weeks. You might be asked to provide a post-dated check or authorize an electronic withdrawal from your checking account.
The repayment is usually biweekly, monthly, or semi-monthly.
PSA: Make sure you’re able to repay on time before hitting the “I agree” button. If your payments are late, you may be hit with additional fees and charges.
Short-term loans are typically more expensive than other forms of credit, so it's important to consider whether a loan from Allied Cash Advance is the right choice for your financial situation.
These types of loans can get you quick access to cash, but equally, they can get you quick access to debt 🙃
Would say sorry for sounding like your Mom… but she was right?
Is Allied Cash Advance legit?
Allied Cash Advance is a legitimate financial services company which operates in several states. It’s been in business for over 20 years and it’s a member of the Community Financial Services Association of America (CFSA).
With that said, remember that short-term loans can be expensive and can lead to a cycle of debt if they’re not paid back on time.
Always check the small print and understand all the costs involved first.
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Big love. Cleo 💙