Zingo Cash Review

Zingo Cash Review
Zingo Cash says you should stop using payday loans. We couldn’t agree more, which makes them one of the more interesting lenders out there. Let’s see what sort of answer they have that is better than using a payday loan.

They say that a Zingo loan comes with payments you can afford, which would be a major difference between their loans and a payday loan. A payday loan, by definition, has to be paid back on your next payday, in full. Paying your loan in full means you can no longer use the money for the purpose that you originally took it out for. This forces you to take the loan out again and put it back where you needed it. When you have a loan with payments you can just leave the money alone and pay it back in increments.

That’s how loans are supposed to be, and that’s the sort of loan that banks give out to well qualified borrowers. The payday loan industry was created by banks not loaning to those with bad credit, and also not loaning on such short notice and with no collateral. When more companies like Zingo start offering installment loans to borrowers with bad credit, maybe payday loans will start to go away.

Zingo Cash Review

Zingo Cash says that new customers can take out up to $2500, while returning customers can take out $4000. That should be enough to cover just about any financial emergency that’s been stressing you out. There isn’t a prepayment penalty, which is always a good thing and makes it so you can pay it back on your timeline and not theirs. Typically the sooner you pay it back the more you can save since you won’t have to pay all of the smaller payments and larger total payback amount.

Credit Check
Unlike a payday loan they will be checking your credit in order to get you approved for this loan. Keep in mind that this should not discourage you because they are in the business of lending to borrowers with bad credit. They will not make their entire decision based on your credit rating, so you should not let this be a reason not to apply with them. If you go with a lender that doesn’t check your credit you can expect that it will be a payday loan and you will not be able to pay it back in installments.

If you’re getting the feeling like you’re going to get your application rejected because of the credit check, it’s important to remember that this is not a bank and this is not your average loan application. It is in their best interest to look at the whole picture when considering your application, rather than just focusing on one minor detail.

Secure Application Page
Zingo Cash has a secure application page, which is something that is basically a necessity in this industry, but that so many sites forget to do. This allows you to enter in your personal data and banking details without wondering if a third party will intercept this information. They have it encrypted with the same level of security that you find at banking sites and other big name sites.

When starting off with a company you’ve never done business with before, it’s these little things that can really help to build up trust with the site and feel good about going with them for your loan needs. It’s also good to see the sort of information they provide along with the loans they offer. It seems like they are trying their best to educate the borrower on the different types of loans and what the experience will be like by taking out a loan with them. You have to check to see what sort of value they bring to the table aside from the loan.

Our Recommendation
Zingo Cash is a good first-stop when it comes to looking for an installment loan with bad credit. They’ll be able to give you the sort of loan that can actually work for you instead of against you like a payday loan. Take out a big lump sum and pay it back in installments, it’s a much better option than a payday loan in most cases.

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Zingo Cash Review, 5.0 out of 5 based on 1 rating You May Also Like:

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