Get a Cash Loan with LendUp

What is a cash loan, and why choose LendUp for yours?

The U.S. Bureau of Economic Analysis tracks personal savings rates for American households. According to numbers dating back to the 1950s, personal savings rates reach an all-time high of approximately 17 percent.

Today, that number hovers around 5 percent. It's not that Americans today don't want to save for a rainy day, but rather that for many individuals and families, the rainy days never seem to go away. Rising costs keep many people living check to check, which can make it difficult to deal with emergencies. While savings are great, where do you turn if you need a quick financial boost and don't have any cash stowed away? The answer could be an online cash advance loan.

What is an online cash loan?

An online cash advance, or cash loan, is a short-term loan. Usually, the amount of money involved is relatively small. Often, the amount can be repaid in only one or two payments, which is why such loans are sometimes referred to as payday loans. Cash advance loans can be taken out for a few weeks and paid back once you receive a paycheck from your employer.

Online cash advance loans are slightly different from their traditional brethren, though. Online loans are handled via internet applications and approvals, which often means you know if you are approved right away and you can receive your funds quickly via a bank transfer.

Benefits of cash loans from LendUp

Cash advance loans through LendUp come with a variety of benefits. First, each time you take a loan out with the help of LendUp and repay it on time, you may improve your credit score. We know that life happens, and events that are unplanned and out of your control are often what creates a negative credit history or financial scenario.

At LendUp, we don't hold "life" against anyone, which is why we strive to provide a path for customers in with bad credit scores to move up and earn access to apply for more money at a affordable cost.

A second benefit of working with LendUp is that we strive to make all the details of our loans request clear and understandable. You won't ever pay hidden fees when you borrow with our help.

A third benefit of LendUp's cash advance options is that they could help you create a better credit history. On-time payments can have a positive impact on your FICO score.

Finally, LendUp is easy to access. You can apply for loans via your computer or your smartphone, and we provide fast decisions.

How do you apply for cash advance loans?

To make a loan request using LendUp, you need to live in one of the states where cash advance loans are allowed. Access LendUp via a computer or mobile phone and begin the cash advance loan requesting process, which we've designed to take as little as five minutes. You'll have to provide some basic contact information, and bank account information. Once you enter all required information and submit your application, you can expect an instant decision any time, day or night.

If you're approved, funding is usually quick. If your LendUp loan request is submitted before 5 p.m. PT (weekdays), the lender will electronically transfer the funds to your bank account within one business day. See our FAQ for details.

Is good credit important for cash advance loans?

Some providers require that your FICO, or credit score, be above a minimum number before they will provide a cash advance. Even when certain online providers will provide cash advances to individuals with lower scores, they might charge higher interest rates or extra fees to do so.

Good credit isn't required for a LendUp loan request, and your credit score doesn't impact your fees. We routinely work with individuals who have faced credit challenges recently or in the past, and we may be able to find an affordable credit product that helps you get back on track.

Cash advance loans can help you meet emergency needs, catch up on finances or fund necessary expenses when payday is just a few days too many away.