BadCreditCashASAP

• Simple, Online Process
• Discloses State Regulations
• Scholarship Award Program

Simple, Online Process

The entire process of applying for a payday loan to receiving funds can be as quick as one or two days. To apply for a payday loan, borrowers simply need to submit the simple three-step online loan application with all pertinent personal information through BadCreditCashASAP. After submission, borrowers receive a quick decision and are connected to lenders who give offers that include the lender’s interest rates and loan terms. Once an agreement has been made with the lender and the contract e-signed, the lender will directly deposit the loan amount into the bank account by the next business day. 

Discloses State Regulations

State regulations for payday and online personal loans vary based on the state in which the borrower resides. Regulations may include the amount of the loan, the interest and fees that can be charged, the terms and repayment timetable, allowed number of rollovers, and payment extensions. BadCreditCashASAP discloses some of the states’ regulations for payday loans and which states prohibit payday loans on its site for clients’ information. Regulations are prone for modification, so it is advised that clients additionally check state official websites.

Scholarship Award Program

BadCreditCashASAP has a biannual scholarship in which one selected winner is awarded $500 to be used towards their education. To be eligible, students must have United States citizenship and be current high school seniors and undergraduate students. To apply, students must submit a 700 word essay on the given topic and then "like" and "share" at least one of BadCreditCashASAP’s Twitter or Facebook profiles. Submission deadlines are in June and December with winners announced in July and January.

• Indirect Lender
• Time in Business Undisclosed 

Indirect Lender

BadCreditCashASAP does not provide loans to borrowers. The company is an online matching service that connects borrowers to top-rated lenders. As an indirect lender, rates, fees, and loan terms are undisclosed as they vary based on loan and vender. Borrowers will need to compare rates, fees, and loan terms with other payday loan companies after receiving an offer from the connected lender. Borrowers are unable to previously research lenders before applying as BadCreditCashASAP does not disclose the lenders it partners with. 

Time in Business Undisclosed

It is unclear how long BadCreditCashASAP has been in business as its time in business is undisclosed on its site. The number of years in operation may be an indicator of a reputable company.