Allied Cash Advance Loan Review 2020 – READ THIS BEFORE Applying!

If you have ever found yourself in a tight spot financially, you might appreciate the value of a short-term lender like Allied Cash Advance. The lender offers a range of loan products that could solve a cashflow shortage in a short period of time.

Before you sign up with the lender, you might, however, want to know how it works and if there are any loopholes to avoid.

In our comprehensive review of the lender, we take an in-depth look at its key features, merits and demerits and other crucial points.

By the end, you will have an opportunity to determine whether or not it’s right for you.

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What is Allied Cash Advance?

Founded in 1999, Allied Cash Advance is a direct lender operating from its headquarters in Cincinnati, Ohio. It offers in-store services in five US states, and third-party online services in a number of other states.

Its loan amounts range from $50 to $5,000 varying significantly from one state to another depending on local regulatory requirements.

Pros and Cons of an Allied Cash Advance Loan

How Allied Cash Advance Compares to its Competitors

Allied Cash Advance is a well-established payday loans in 10 states across the USA. Its direct competitors such as Check n’ Go, Ace Cash and Lend Up gives the provider a good run for its money. We pit all the companies against each other based on their borrowing limits, credit score requirements, loan fees and interest and the repayment period. Here is how they compare: 

How does an Allied Cash Advance loan work?

Allied Cash Advance only operates physical stores in 5 states, but it offers its services in 20 more states. In the states where it does not have a store, it acts as an online connection. Loan applicants in those regions can access the services through a third-party provider, Check ‘n Go. But it does not process online loans directly.

The key differentiating factor between making an online application and in-store is that the latter group of applicants can access funds on the same day. But for online applicants, it takes 1 business day.

Loan options accessible in the different states both online and in-store are under the mandate of local as well as federal government regulations. These exist with the aim of protecting borrowers from predatory lenders. To this end, they set specific loan limits and interest caps.

For instance, in Arizona, users can access installment loans from the lender ranging from $250 to $5,000. In California, Indiana and Michigan, they have access to payday loans in amounts ranging from $100 to $255, $50 to $605 and $50 to $600 respectively. Virginia residents, on the other hand, can borrow in the form of lines of credit, from $250 to $1,500.

In most other states where there are no physical stores, borrowers get access to payday loans, which are also referred to as cash advance loans.

One of the most interesting and alluring highlights of the platform is its Refer-a-Friend bonus program. Under this program, it offers a $500 reward bonus every Friday for the person who refers the highest number of people to take out loans.

Furthermore, when you make an application for a loan, the lender will not check your credit rating with any of the major credit bureaus. As such, your application does not in any way impact your rating and will not show up on your report.

When you are in urgent need of cash, you can initiate the application process online and then go to a store to complete it and walk away with cash.

The platform accepts a variety of repayment options, allowing you to pay online, pay in-store or even pay over the phone. However, the third option comes with a hefty $4.95 convenience fee. You can also opt to organize for automatic checking account withdrawals.

Another convenient aspect is that the lender provides both a 1-800 number and individual store numbers. This makes it easy to reach the right customer support with concerns and queries.

On the downside, Allied does not outline its rates, loan terms or fees on the website. But as is often the case with a majority of short-term loans, the APR’s are likely high. And usually, payback periods, particularly for payday loans, range from two to four weeks. Other loan products such as installment loans have longer terms, mostly a few months.

In 2017, the state of Virginia filed a lawsuit against Allied Cash Advance and Allied Title Lending LLC. According to the lawsuit, they made illegal and unlicensed loans at a rate of 273.75% and also charged a $100 origination fee on line of credit loans.

The terms of this loan agreement were against the law as they violate the Virginia Consumer Protection Act.

What loan products does Allied Cash Advance offer?

The main loan products that you can access from Allied Cash Advance include:

• Short-term installment loans
• Payday loans or cash advance loans
• Lines of credit (only available in-store in Virginia)

What other store services does Allied Cash Advance offer?

Allied Cash Advance does not offer any other store services.

Allied Cash Advance Account Creation and Borrowing Process

Based on your state of residence, you can apply for services at a store or online.

If you opt to apply online, note that your lender is not Allied Cash Advance but Check ‘n Go. (The only exception is if you choose to start the application online and complete it in-store).

Here are the steps to follow for online application:

1.Go to the official Allied Cash Advance website and click on the “Apply Now” tab.

It will take you to the account creation page. Start by entering your full name, email address and password as well as selecting and answering a security question.

2. Next, enter your personal information such as address, residential details, ID number and social security number.

From there you can select the loan product you want to access according to availability in your state.

3. The next step is to enter your income information as well as bank account details.

Once you are done, you will get access to its consent and arbitration agreements. Read through them and if satisfied, submit your application.

4. The system will forward the information to Check ‘n Go so as to assess whether or not you qualify.

5. If you get approval, you will need to verify some application details and then sign loan documentation. Expect to get your cash on the next business day.

Once you get the funds, start planning for repayment. On your contract, you will see all the pertinent information on the fees and interests you need to pay. It will also clearly outline your payment due date and loan term.

If at any point you have difficulties making the repayment, contact the customer support team. Failure to that, you may have to pay returned check or late payment fees.

Eligibility Criteria for an Allied Cash Advance Loan

Information Borrowers Need to Provide to Get an Allied Cash Advance Loan

What states are accepted for Allied Cash Advance loans?

Allied Cash Advance offers in-store services in five states, which are

Additionally, customers in the following states can apply for funding online:

What are Allied Cash Advance loan borrowing costs?

The lender does not offer any information on its website on borrowing costs. Applicants can only access the information in-store during the application process.

According to calculations by Supermoney, the rates can range from 456.25% to 1,520.83% for cash advance payday loans.

Allied Cash Advance Customer Support

A look at online reviews reveals that the overall consumer perception of Allied Cash Advance’s support team is negative. Though it has a B rating from the Better Business Bureau, it has more than 40 unprocessed complaints. It is also yet to be accredited.

Apart from complaints about high fees which are the norm with short-term lending platforms, there are also a lot of negative reviews on its customer support team.

Is it safe to borrow from Allied Cash Advance?

There are no safety concerns about borrowing funds from the platform. The site encrypts all user information for security purposes. But as always, there are no security guarantees with any online platform.

Notably too, online applicants will have their information shared with a third-party provider or other affiliates as it sometimes acts as a connection service.

It is also noteworthy that the lender has a pending lawsuit in the state of Virginia for illegal lending practices. Therefore, it would be best to confirm that the terms of your loan agreement are in accordance with applicable state laws.

Allied Cash Advance Review Verdict

Allied Cash Advance is a good lender, particularly for the borrowers who reside in the five states where it offers direct services. Users in other states have the disadvantage of having their data shared with affiliates and working with a third-party lender.

The platform offers an enticing reward program with a significant bonus amount for users who make referrals. It is a great choice for users who need immediate funds as you can get your loan within an hour in-store.

However, the site is not transparent about fees and rates making it difficult to make a comparison before signing up for the service. And the fact that it has a lawsuit for illegal lending practices raises concerns.

All in all, it should be a last resort for times when you need a fast solution to get out of a financial fix.

Apply for a Payday Loan Now! | Best Payday Lender 2020

Our Rating

• Loans From $100 to $15,000
• Instant Application & Approval
• Bad Credit Considered
• Lenders From All 50 US States Onboard

Apply Now

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