If you’re currently in the look-out for an installment loan and you have a FICO credit score of at least 550, you should be able to obtain a significantly better APR rate than what a Payday loan or bad credit lender will charge. Not only this, but you’ll also be able to pay the loan back over a longer period, as opposed to having to pay it back when you next get paid.
One such example of an installment loan provider that claims to offer competitive APR rates is that of BetterCash. If you’re thinking about using the US lender for your financing requirements, be sure to read our in-depth review. We’ve covered all of the factors we think you should know, such as fees, eligibility, loan terms, and more.
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- Loans From $100 to $15,000
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- Bad Credit Considered
- Lenders From All 50 US States Onboard
What is BetterCash?
BetterCash is an installment loan provider based in the US. Much like in the case of other lenders in the online space such as OppLoans and Checkmate, the entire application process is facilitated via your desktop or mobile device. The lender offers loans from as little as $300, all the way up to $4,000. The amount that you are able to get will depend on your credit profile.
Unlike no credit check platforms like Fast5kLoans, the eligibility requirements are a bit higher at BetterCash, as you’ll need a credit score of at least 550. However, what this does mean is that you can get yourself a much lower APR rate. Moreover, as an installment loan provider, you can repay your BetterCash loan over a longer term. In fact, you can choose a loan term of between 12 months and 36 months, which gives you more flexibility.
Finally, BetterCash only operates in the states that it holds regulatory lending licences. At the time of writing, this covers 12 US states.
Better Cash Loan, how does it compare to other Lenders
Better Cash is an installment loan provider operating in 12 states across the country. Upon approval funds are made available as soon as the next day. All loan applications are made online, making the process convenient for all borrowers. But how does this loan provider compare to other equally good lenders such as Cashnet USA, Advance America, and Lend Up who also have a seamless loan application process. Lets weigh them on loan limit, credit score requirement, interest rates, and repayment period criteria.