National Cash Advance ReviewsNational Cash Advance is a licensed company providing payday loans, installation loans, and title loans. These loans are accessible to customers in selected states including Louisiana, Mississippi, Ohio, and Wisconsin. The lender says that their payday loan and other cash advance transactions are confidential. They also say that they respect the customer’s privacy and treat their personal information accordingly. Website: www.nationalcashadvance.com
National Cash Advance was founded in 1994 and since then it has grown to become one of the leading cash advance companies in the United States of America. The company provides quick and hassle-free loans to people who want immediate cash to avoid bank penalties, credit card late charges or other emergencies.
The company is a subsidiary of Group Elektra, one of the largest Mexican corporations famed in providing banking, retailing and commercial services. National Cash Advance has revealed on their official website that it is licensed and complies with all the federal and state laws.
The company has also stated on their website that it always presents honest fees clearly. It is one of the founding members of the Community Financial Services Association, so as a customer you can expect fully disclosed and fair lending practices.
To apply for any cash advance at National Cash Advance is straightforward. First, you need to find the location near your residential or working place by entering your zip code, address, city or state on the ‘Find a Location’ page. Once you find the location near you, you need to visit that location with the following documents:
- Two Forms of ID i.e. Driver’s License or State ID.
- Most recent proof of income
- The latest statement of checking account.
- Verification of Social Security Number
In fact, you need to select your state to know what documents you need to take to the location you intend to apply for a loan.
At the National Cash Advance location, you will be required to complete a short application by filling in your name, the total amount you are requesting and other required information. You will also need to sign an agreement and write a personal check for the total amount of loan you are requesting plus fee.
The designated official will review your application and confirm the validity of the submitted documents. In fact, processing of your application will take only a few minutes. Once processing is complete and your loan application is approved, you will receive the requested money on the spot.
The maximum loan amount you can request at a location is determined by the law in each state. Your specific total loan amount will vary depending on whether you work part time or full time and your total income. You have to return to the location on your due date to pay your loan off in cash and reclaim your personal check.
To qualify for a loan with National Cash Advance, you must provide two forms of identification such as your State ID or Driver’s license. You must also provide documents showing the most recent proof of income within the state you are applying for the loan. In addition, you must provide your checkbook and an official document showing your Social Security Number. Besides the above documents, you must be 18 years old to be eligible for payday loans or any other loans offered by the lender.
The company offers a variety of cash advance options such as payday loans, installment loans, title loans and other services. There is no online application. All you need is to visit the selected location within your state to apply for these loans.
The maximum loan amount you can get varies by location. For instance, if you reside in Mississippi, the maximum loan amount is $208 for a 14-day term and $410 for a 30-day term.
Certain limitations may apply subject to the approval of your loan application. For instance, you may be issued with a check instead of cash. More details and disclosures about the company’s loans in each state are published under the fees and terms page.
A single payday loan is typically for 2 to 4 weeks. However, you may use these short term loans over a long period of time which can be quite expensive. These loans are therefore not recommended for long-term financial solutions.
Fees for various cash advances also vary per location and depending on the total amount you are requesting. The company has stated on their official website that their fees are in compliance with all applicable federal laws and state laws. For instance, if you are requesting a 14-day term loan in Mississippi, the fee for $150 loan amount is $30.00 while the one for $208 loan amount is $41.60. If you are requesting a 30-day term loan, you pay the same amount for the fees.
Once your application for a loan is processed and approved, you will receive your funds immediately on the spot. You will be issued with a check instead of cash depending on your location.
The company will not check your credit score in order to determine whether you qualify for their loans. However, they say that they may evaluate your credit eligibility using a custom scoring model by Experian. Basically, you can get a loan even if you have a bad credit.
You don’t have to worry if your loan amount is due. The lender can work with you to come up with new payment arrangements. In fact, the lender has stated on their official website that they are committed to recovering past due amounts in a fair, professional and lawful manner.
At the moment, National Cash Advance cash advance loans are accessible to customers Louisiana, Mississippi, Ohio, and Wisconsin. You need to select your state from the drop-down menu to find the fees and terms for a loan.
At the moment, the lender does not offer discount codes to customers. We will let you whenever these discount codes are available.