Editor's Note: This review has been removed from our side-by-side comparison because it no longer ranks as a top 10 product. The original review is below, but check out our current top 10 about Online Personal Loans here.
Cash Advance Expert is a loan matching service that lines you up with a lender and a personal loan. Unsecured personal loans like those through Cash Advance Expert are easier to qualify for than a loan through your bank or credit union. However, other risks come into play with these online personal loans, such as high APR rates, fees and short terms.
In less than four minutes you can be qualified for up to $1,000 of fast cash. Unlike the best personal loans, the APR rate is a bit high for a Cash Advance Expert loan. Starting at 390%, each 14-day $100 loan will cost you about $15 in fees and interest.
Cash Advance Expert has provided cash loans online since 2008. This service functions as a loan matching service, not a direct lender. To apply for a loan, you won't be asked to provide any faxed documents. Overnight and next-day direct deposit are both options for receiving your cash.
The application questions for a personal loan online through Cash Advance Expert are pretty standard. Social Security number, driver license and bank information are all required. There is no formal credit check, but if you've declared bankruptcy in the past you'll be disqualified in advance. The form itself is tedious to fill out, and with no help or support you'll be on your own if you run into any trouble.
When repaying the best online loans, flexible payments, low fees and long terms are all desirable. However, with many of the loans from Cash Advance Expert, these features all depend on the direct lender that provides your loan. You can pay back your loan via electronic transfer, and most loans last between 16 days and four weeks, but other terms are contingent on your lender.
Unlike the best personal loan companies, Cash Advance Expert does not post any contact information on the website. Phone numbers, email addresses and live chat are all missing. There are FAQs, terms of use and a physical office address listed, however. If you need any support whatsoever, don't rely on Cash Advance Expert; just contact your lender.
Fast cash loans can help you out of a financial bind, but aren’t always the right answer. Cash Advance Expert doesn’t provide contact information, doesn't lend direct loans and will disqualify you if you've declared bankruptcy.
