American Cash Market Review

American Cash Market ReviewIf you’re a resident of the state of California, you have the option of going with American Cash Market. But the question remains as to whether they’re worthy of your business, or if there are other lenders that might be able to help you better.

Luckily we’re here to help you evaluate this very question, and we’ve got our system down pretty good after reviewing hundreds of payday lenders. The first thing that can put you at ease is that they’ll be following the rules and regulations set forth by the state of California in regards to payday lending. Unlike an offshore company or a tribal lender, they’ll actually be required to put loan limits in place, and charge fees that are in line with what you’d expect to see by visiting a retail location in California.

They say that they provide fast loan processing, and that you can have your cash in your account in just one hour. They also say that your information will be kept confidential and secure, and that they’re licensed to do business in California and have the proper insurance in place that you’d expect from a financial lender like this. They also state that they keep your matters private, and that they do not give out your information to other companies.

American Cash Market Review – The Basics

The first thing we noticed about the American Cash Market site is that is hosted on a secure server, so you don’t have to worry about your information fall into the wrong hands. If you notice the homepage, it is not encrypted, but once you click through to the application page you’ll see that it is a secure server. This is actually a major sticking point for some web sites, and you wouldn’t believe how many companies do not provide a secure server for their application page and expect to have customers enter their personal details and banking information.

Low Loan Limits
They say you can borrow up to $255 which isn’t very much money, and is likely less than what many people would need in order to set things right financially. That’s why it’s a good idea to assess your financial situation and determine whether $255 would help you out of the jam you’re in. On the plus side it means that you’d have to pay less on your next payday, which might help you avoid the payday loan trap, but if it isn’t enough to put things straight for you right now, it doesn’t make a difference.

Fees and Rates
On a loan of $255 your end up paying back $300 and paying 45 dollars in fees. Those rates are pretty much the same that you will find brother state of California andcompared to online loans, they are much less expensive and are pretty much the same that you will find when you go to a brick-and-mortar location. This means that you can have the convenience of staying at home and conducting your business an private rather than having to go somewhere in your car.

Pluses and Minuses
One good thing about a payday loan is that you do not need good credit in order to get one. This means you won’t have to worry about having your credit checked and having that be the basis for the denial that you receive. What this also means is you’ll be paying a higher rate to loan the money, and you’ll be keeping it for a very short duration compared to standard personal loans from a bank. Many people turn to payday loans because they don’t have any other option, and they know they are paying a higher rate, but feel that it is the only thing they can do.

Our Recommendation
From everything that we have seen about American Cash Market we are able to get them our recommendation. You will be able to get a loan quickly and easily there online service, add can save money from not having to drive anywhere, or waste your time standing in line when you have to return to pay back the loan. The only drawback is that you might need more than the $255 they offer, in which case you will have to go to another lender or turn to an online lender that charges higher rates.

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