AAA Payday Loans Reviews

AAA Payday Loans ReviewsAAA Payday Loans is a finance company that boasts that it can provide quick cash lending that is as easy as 1-2-3. Usually, the fastest way to solve a money problem is by getting cash advances on your credit card or getting a payday loan online or somewhere else. In order to be qualified for a payday loan with AAA, a borrower must have a direct deposit of their income and a valid checking account active for at least 90 days.

Certain confidential information is required to get started like your Social Security Number (SSN), Driver’s License Number and the account number of your bank is also required. Personal character references are also a must. The amount that can be borrowed starts at $100 up to $1000. The loan depends on the income of the borrower and the information provided to them. The fee they would usually charge is $25 per $100 borrowed. Once the loan is approved, the money is electronically transferred to the borrower’s bank account. In the same light, they will automatically debit the same account once due date comes.

However, due to state laws and regulations, AAA Payday Loans does not offer their service to the following states: Arkansas, Colorado, Georgia, North Carolina, New York and Massachusetts.

AAA Payday Loans Reviews: Pros and Cons

For traditional financial institutions like banks, before they can even consider a person for a loan, they would require certain requirements to be faxed – like proof of income, proof of identity among others. AAA Payday doesn’t require documents to be sent as interesting borrowers just need to fill-in the confidential information required. This feature is great for those who don’t even have time to eat their lunch, and honestly, how many offices still use fax machines?

The target market of this service is those people ranging from low to middle income people. As the interests rates are higher for this kinds of loan, this are not really helping the less fortunate once but rather depleting and draining their assets more.

Poor Credit is OK
On the other hand, AAA Payday Loans can still give a loan to those with really poor credit rating or to those who have already declared bankruptcy. This might be quite the opposite as they require people to give in their SSN; they could easily run a credit check.

Privacy Matters
Identity theft is quite a big thing nowadays, with victims getting tons of loans they aren’t even aware of. There are still a lot of people out there hesitant to provide their personal information online especially their Social Security Number. Although their website shows off premium SSL certificate and their privacy policy clearly states that the information provided to them will not be disclosed, you can still not be too certain.

It’s All About Customer Service
At the same time, they also tout their customer service as shown on the reviews given by their customers. As written in one of their core values, customer service is a vital key in maintain their valued clients. Guess who would want to talk to confusing automated menus. Their customer service number is a toll free number (866) 606-LOAN (5626).

AAA Payday Cash also stores the information provided for the first time so in the event that they would need to have a quick case again they just need to log-in with their user ID and password.

Additional Policies
As these loans are short-term the usual due date would be the next payday unless the payday is less than 7 days away, the check will be held until the second payday. Their policy states that their maximum advance term is 31 days. They are also flexible in terms of paying the debt as the borrower has two options. The default payment option is to pay it in full unless the borrower opts for “Per Visit Payment” wherein they can customize their payment.

Overall, it’s best not to go for these types of loans as the interest rates are higher than the usual. It’s like a desperate move to obtain cash. At the same time, you may also be really uneasy with the idea of giving out all my information online. Remember, even military websites can be hacked nowadays. If you have other options of getting cash like borrowing money from a family or friend it is better than getting “easy cash” through this channels.

Add Your Own Experience to Our AAA Payday Loans Reviews Below

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