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  • AdvanceLoan Review of SLCash.com

       
    Overall:   
    Loan Cost:   
    Ease of Use:   
    Service:   
    Secure:   
    Borrow Fee Payback
    $100 Varies $100 + Fee
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    SLCash.com

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    Review

    Overall Ranking:

    Initially we found that it is hard to acquire all the information you are looking for before choosing to borrow money from SLCash.com. Within a few minutes though we felt right at home. Presentation is clean but core information is not always available. Interest rates and fees are not displayed anywhere on the site and that is because they choose from multiple different lenders and find you the best solution. It would be very helpful if they posted minimums and maximums pertaining to rates and fees. Another item of importance that you won't find is minimum requirements for loan approval. This could cost you valuable time in your search for a loan institution to help you out.

     

    Finance Charge:

    They use the "find the best lender" method from a pool of lenders so that they can not determine the rate until a lender approves your loan. Typically the borrower using this method occurs fees from $15 to $30 per $100 borrowed, but not always.

     

    Usage:

    Easy site to find your way around but lacking in crucial information.
    Very high credit limit of $1500 for those seeking large sums of money from payday lenders. FAQ's are a little shy of detailed information and just give very general brief statements to questions mentioned.

     

    Customer Service:

    They offer an online contact form for questions prior to loan approval or membership. The response time is not mentioned on the form so it is hard to say how quickly you might get an answer to your question. There is no live chat or phone support available that we could find.

     

    Security:

    They do have a secure form when applying for your loan, but you must select it manually. Be very careful and make sure to click the secure application link before submitting your financial and personal information.

     

    Summary

    SLCash.com will probably find you the cash you need from their lenders group and the rates will be presented to you at that time. They do have a much higher maximum lending amount than most paycheck or payday lenders. It would be highly recommended to contact them first and tell them the limits on what your willing to pay for the amount you want to borrow. This way you will protect yourself from getting a loan that you might just not want after all.