500 Fast Cash says they can get you money quickly and with a 3 step application process.
We’ve seen many times the idea of the 3 step process used as a marketing term, and usually consists of filling out the application, getting all the documentation signed, and then getting the cash. It is not typically as easy as they make it seem because you will have to wait for an approval and then you’ll have to wait for your bank to release funds into your account.
The application itself is 5 pages long, and on the first page they ask you for your social security number, your birthday, your driver's license number, as well as all of your contact information including your mailing address. That’s quite a lot of information to collect on the first page, so make sure you are using a secure encrypted connection when submitting details like your social security number.
500 Fast Cash Review – Key Highlights
500 Fast Cash has different options when it comes to paying back your loan. You can choose to pay back on your next payday, just like a traditional payday loan, or you can set up a repayment schedule that will be based on your individual situation. They do note that you will have higher fees if you go with this option, so in order to keep the cost of the money as low as possible, you should pay it back on your next payday.
Requirements
Like most loans of this type you are going to need to meet some basic requirements before you are able to access the cash. They point out that you need to be an adult, at least 18 years old or older. For this loan you will need to provide two personal references so that they will be able to contact them in case of non-payment. You must also have an active checking account so that they can deposit the funds and withdraw payments on agreed due dates. You also need a job for at least one month.
Tribal Owned Company
500 Fast Cash is owned by a Native American tribe, operating under tribal sovereign jurisdiction. This means they are governed by tribal laws rather than state financial fee caps.
Our Recommendation
Because 500 Fast Cash operates under tribal sovereignty, their APR rates can be significantly higher than state-regulated lenders. We recommend comparing state-regulated direct lenders before committing to a tribal payday advance.