A Slick cash loan is a nationwide lender that does not limit its services to select states. There are loans available in the following states:
California, Colorado, Florida, Georgia, Illinois, Michigan, Missouri, New York and Texas. With the growing popularity of direct deposit, you can use slick cash loans to lend money to someone else and receive a check in your mailbox. You will need to supply your name, address and social security number for them to issue you a check.
You can also pay back the loan that you have taken through direct deposit. The amount that you owe will be transferred to the borrower’s bank account or mailed to their address.
Slick cash loan fees and terms:
The fees and terms vary for each loan you borrow from a slick cash loan. The costs that you need to pay back include:
- Interest fees
The interest fees you can expect to pay on a slick cash loan are usually less than half of what you will pay in a bank. You will pay the lender anywhere from 6.99% to 35.99%, typically only half the amount that a bank would charge you.
- Total payments
When you borrow money through a slick cash loan, you will have to pay back the loan for a fixed amount of time. Sometimes you can repay the amount you owe sooner by paying the lender more than your original payment schedule.
The payment schedule that slick cash loan provides does not include any fees charged for late payments. However, some lenders will charge late fees if your delinquency is more than 14 days.
The documents for a slick cash loan
You need to provide documentation of your identity to borrow money through this lender. This can be anything that contains your name and address, such as a driver’s licence, a state I.D. card or a U.S. passport. The other form of id that you need is your social security number. All of this information can be submitted online without ever having to leave the comfort of your home or office.
The Payday loan vs. personal loan
A slick cash loan is different from a payday loan in the way you use it and the amount of interest you pay. The term for a payday loan ends in 14 days, but the term for a personal loan can be up to 5 years. You can borrow more money from a slick cash loan than what you can with a payday lender.
However, both payday and personal loans will charge you high-interest fees. The amount of interest that you pay will depend on your credit score and your ability to pay back the loan that you borrow.
After you have borrowed money through a slick cash loan or any other lender, you can use the extra money to create a new business or pay off debt. You can also use the loan to buy something you need, such as a new car or computer.
