My Cash Time
For those of you who often find yourselves short a couple hundred dollars to take care of your rent, mortgage or to pay your car payments, finding somewhere where you can get a short term cash advance would be ideal for you. Most if not all banks and lending institutions will not lead small amounts of money and if they do they will have certain prohibitive requirements that most applicants will not be able to meet. Some of these requirements include collateral, a good credit score, proof of income and references. Often you only need cash for a couple of days until you get paid and going to a bank will not be appropriate for this. This is where payday loans come in as you can access them easily and you will not need to meet the same stringent requirements that banks do. One company that can satisfy your short term cash needs is My Cash Time through their website www.mycashtime.com.
Service Offered
My Cash Time offers payday loans or short term cash loans to all who qualify. These loans are for a short term of 14 days. If you are a first time customer you will be able to get approved for up to $300 and if you are able to maintain a good repayment history with them you will be eligible to get loans of up to $1000. There is a fee that you will have to pay to receive your pay day loan so keep this in mind when you apply.
Requirements
To be approved for a My Cash Time loan you must satisfy a few basic requirements. First you will need to have an income of $1000 minimum on a monthly basis. You will also need to have a valid savings or checking account for at least three months. Also you will need to be at least 21 years of age. Finally you will have to be employed with your current employer for the last 60 days. You will then need to fax or send an email to their customer service at [email protected]. Once you meet these requirements then you can apply.
Application Procedures
When you apply for a short term cash loan at My Cash Time the procedure you are asked to go through is very simple and easy. All you will need to do is to fill out the application form online and submit it. For this you will need your social security number, driver's license, employer information, your bank information, your telephone number, and the name and telephone number of two friends or relatives.
Once you have submitted your application and sent in the required documents it will take up to one business day for approval to be granted. This means that you could get your loan the same day. You will get notice of your loan approval via email or a representative will call you via telephone. The approved funds will then be credited to your bank account via ACH and they also can send it via a wire the same day but there is a fee for this.
Interest Rate
Every cash advance at My Cash Time has an Annual Percentage Rate (APR) attached to it and they let you know what this rate is right up front so that before you apply you will have an idea of what you will be repaying at the end of the term. The APR rate is a bid higher than that found in a bank but considering there is no collateral required this rate is reasonable.
Security
My Cash Time offers a secured site that is protected by various safeguards that will keep your non public personal information safe. Access to your information is restricted to only persons and institutions that need to know.
Payment Options
Any cash advance from My Cash Time can be repaid on the maturity date or before. If you require an extension then you will need to submit a request. This request has to be made at least two days prior to the maturity date of the loan.
Help
You are able to contact My Cash Time through their email address [email protected]. There is a contact form on the website that you can also fill out. You can also chat with one of their representative online via a live chat feature on their website. If you would like to speak to a live person then you can contact them at 1 877 533 6500. They will respond to your queries as quickly as possible.
