Rapid Cash is an online lender that provides payday loans to residents in Las Vegas, in addition to installment loans and title loans. This lender offers both in-store services and online loans, depending on what you are seeking.
Applying for a payday loan online or at one of Rapid Cash’s Las Vegas locations is a fairly simple process. No credit check is required, but to apply you need a government-issued photo ID, a steady income and an active checking account. These requirements apply to both online and in-store applications.
The rates and terms of each payday loan vary. The industry-standard is seven to 14 days, and Rapid Cash falls within this standard in most cases. If you need an extension on your payday loan, you can request one via the online portal. When you receive your loan, Rapid Cash tells you upfront the exact amount you owe back. You then write the company a check, which it cashes on the due date. If you decide to take out an extension, this total amount may change and have additional fees placed on top.
If you can pay off your loan early, Nevada protects borrowers against prepayment penalties. However, since you are presented with the total amount upfront, paying your loan early does not save you money, as payday loans do not accrue interest with time.
Other loan options with Rapid Cash include installment loans and title loans. Installment loans are typically for larger sums than payday loans and are paid back over a period of time. Unlike payday loans, installment loans do accrue interest with time, so if you can pay your loan off early, it saves you money. Title loans require no checking account; however you must have a clean car title with no liens against it to be eligible. Your car must also undergo an inspection.
While a payday loan might seem like your only option if you have low credit and need money quickly, this is not always the case. Since payday loans can be expensive and carry risks, we recommend exploring other avenues. Consider finding a local credit union that offers personal loans and a cosigner to help you qualify.
Rapid Cash offers payday loans in Las Vegas. It also provides installment loans and title loans to applicants who qualify. Be sure to check the company’s website for current rates and fees.