A cash loan is a mutual agreement in which the borrower receives an amount of money from the lender, and is obligated to repay it at a later time - interest and fees apply. Although there are a few types of them – such as home loans, car loans and others, Cashburst are only offering short-term personal cash loans.
There are different sub-types of them, and you might have heard the following phrases: unsecured cash loans, bad credit cash loans, payday advances. What is the meaning behind all these words?
Sometimes when you are taking out a secured cash loans, you are automatically tying up your assets to it, which means your belongings can be at risk if you default.
If you have no considerable assets, such as a house or a car, you will probably not be able to get a secured loan. So if you need a little extra cash but don’t want to compromise your valuable assets by tying them up to the loan, you might consider taking an unsecured cash loan.
Bad credit cash loans are cash loans that can be taken out by someone with a less-than-perfect credit score. If you have had credit issues – such as default, collection or judgements in the past, you can still be able to get a hold of extra funds when you require them. Cashburst may be able to help as long as you are not currently bankrupt.
Payday cash loans are small, short-term loans that are used for covering the borrower’s expenses until their next payday. Cashburst specializes in unsecured payday advances, and we may be able to help you out even if you have had credit issues in the past.
If you have decided in favour of getting a cash loan to cover your unexpected expenses, a cash loan from Cashburst may be of help. Read more info in the FAQ section or simply complete the application form. From there, the loan documents will be generated and emailed to you. Read them, make sure that you understand everything and also please ensure that you can afford the repayments – and if you wish to go ahead, simply return the loan documents along with any requested supporting documentation to us to review your application. A quick loan can be easy to get!