Applying does NOT affect your FICO® credit score!
CashinaSnap is not a lender but a referral source for more than 100 lenders. Thus, complaints about an online loan, loan fees, or terms and conditions of a loan must be handled directly between the lender and the consumer (you).
Make sure you retain all the information, documents, etc. about any loan you receive. You will need this information should you ever wish to file an online loan complaint with your state’s regulatory department.
The most common complaint we receive is, “I did not get a loan.”
Although we try hard to get a loan for as many people as possible, we do so more than 80% of the time; we are not able to do so for less than 20% of those requesting loans. The reasons vary from incorrect information, previous defaults on payday loans, inconsistent earnings history, and a wide variety of other reasons.
Due to the volume of online loan requests we receive, and the fact we do not have access to lender loan criteria, we cannot respond to requests for information about loan rejections. However, all consumers should know that requesting on holidays and weekends will reduce your chances for online loan approval as fewer lenders work on these days. Weekdays are the best time to request, 24/7.
If you feel you have not been dealt with fairly by your lender and have an online loan complaint, you must resolve your loan problems with your lender or contact the regulatory agency of the state in which you reside. We are not a lender.
Every state has different regulations and requires that lenders be licensed in that state. You can view these regulations on each state’s website. Note that some states, like New York, do not allow payday loans. If you are in a state which does not allow these loans, you will not be able to get a loan even if you meet a lender’s qualification criteria.
There are a number of scams, largely run by offshore entities, that use the name of legitimate services and call people directly about providing a loan. No legitimate, licensed lender will do this. These scams will request a “deposit” in advance of providing an online loan.
NEVER agree to provide a deposit of any amount in advance! All of these requests are SCAMS. These offshore businesses are not regulated and are out of reach of American governmental agencies. You cannot be protected from these solicitations.
If you receive one, report it immediately to the Federal Trade Commission (FTC) and hang up the call. These scams are usually started with a phone call or email to you, claiming they represent a legitimate company. They try to convince you to send money in advance. Again, do NOT ever send money in advance or make a ‘deposit’ to get an online loan.
We are not a scam, and we are not a lender. CashinaSnap is a legitimate free marketplace with a goal of providing potential borrowers and potential lenders a place to connect. We are a high- quality referral service connecting you to more than 100 lenders to increase your odds of approval should you request a loan.
Any calls you receive in regard to your loan are not from CashinaSnap. We never make collections calls and are not involved in the lending or collection process for any lender. Anyone representing they work at CashinaSnap is doing so illegally. We also never make calls soliciting a loan. Generally, calls soliciting a loan should be carefully screened as there are offshore firms that scam consumers by requesting an advance deposit – no legitimate lender will ever request an advance deposit for a loan!
Under federal law, debt collectors may not verbally abuse you, use profanity, or threaten you physically in connection with the collection of a debt. The Fair Debt Collection Practices Act (FDCPA) also prohibits debt collectors from lying about who they are or who they represent. You cannot be arrested for not paying a personal loan.
CashinaSnap is not a lender and will never withdraw any money from any account. In fact, we do not retain your checking account information; only your lender will do so. Our service is completely free to use, and we do not charge any fees to potential borrowers.
CashinaSnap is not a lender but a referral service. As such, we never provide loans or influence any lending decisions. We cannot guarantee that by using our service, you will be able to obtain a loan. We do succeed in connecting more than 80% of loan requesters to lenders who wish to lend to them. However, the decision to lend you money is at the sole discretion of the lender you connect with and will be determined by the information you provide. Every lender is different, but the basic requirements for a loan are that you:
Other requirements may apply based on the individual lender and the state you reside in.
