CashAdvanceOut.com Launches Faxless Cash Advance Service
PR Log - Jan 08, 2013 - Since the site launched in late summer 2012, CashAdvanceOut.com has helped thousands of people get cash advance fast without having to worry about faxing paperwork. While the site doesn't provide short term loans directly, they do accept applications online which are then matched against hundreds of lenders in their proprietary database. Lenders who meet a potential borrower’s needs submit their terms directly to them. Potential borrowers can then decide if they want to work with one or none of the lenders. According to the site, there’s no obligation to accept any of the loan offers.
“The problem with early cash advance companies is that you had to apply with multiple companies if you wanted multiple loan offers. And then you had to fax your private information here, there and everywhere,” explained Steven DeLuca, founder of the CashAdvanceOut.com service. “We listened to the borrowers market and decided to create a website that was all-in-one shopping for short term loans. The result is our cash advance service where we require a single online application.”
Depending on their geographic location, income and other factors, applicants may borrow anywhere from $100 to $1,000. Interest rates and pay back terms vary according to the lender. DeLuca added, “Once terms of the loan are accepted the money is deposited into an applicant’s account in as little as one hour or up to one business day. The loan is also repaid through the same account, so there’s no need to mail a check.”
An application and frequently asked questions about the CashAdvanceOut.com service can be found on their site at http://cashadvanceout.com/.