Frequently Asked Questions - Transparency in Lending
At SlickCashLoan, we are dedicated to providing clear and easy financial solutions for all our customers. Whether you’re looking for an online personal loan, installment loan, payday loan, bad credit loan or no credit check loan up to $5000 we have you covered.
Purpose of Our FAQ
Our FAQ section answers questions about our loan products, application process and lending practices. We want to give you the information you need to make informed decisions.
Personal Loans
What’s different about our online personal loans?
Our personal loans are flexible with amounts up to $5000 and repayment plans to fit your budget.
How soon can I get funds?
Our process is quick with same day approval and funds in your account within 24 hours.
Is there a minimum credit score for personal loans?
We look at more than credit scores so our loans are available to many financial situations.
Can I use my loan for anything?
Yes! Whether it’s for home repairs, medical bills or debt consolidation the choice is yours.
What do I need to apply for a personal loan?
Proof of income, valid ID and bank account details. We’ll go over the details during application.
How are loan terms decided?
We look at your overall financial situation, income stability, debt to income ratio and repayment history.
Installment Loans
What’s special about our installment loans?
Our online installment loans have payments over time with amounts up to $5000 for bigger expenses.
How long are the installment loan terms?
We have terms from a few months to several years to fit your needs and payment ability.
Do installment loan payments go to credit bureaus?
Yes, we report to major credit bureaus to help you build credit with on time payments.
Can I pay off my installment loan early?
We offer early payoff options. Paying off your loan early can save you interest over the life of the loan.
What if I miss a payment on my installment loan?
Financial hiccups happen. Contact the lender to discuss options and avoid extra fees.
How does installment loan interest work?
We use simple interest, you only pay interest on the principal balance.
Payday Loans
How much can I borrow?
Our payday loans are $100 to $1000 depending on your state and qualifications.
When can I get a payday loan?
Funds are often available the same day you’re approved.
What sets our payday loans apart?
We’re transparent, we show you all fees and terms upfront so you won’t be surprised.
Can I rollover my payday loan?
Rollovers vary by state. Contact your lender to talk about your situation and options.
How do we lend responsibly?
We follow state laws and do affordability checks.
What should I consider before taking a payday loan?
Check you can repay on your next payday and look at all other options first.
Bad Credit Loans
How do we approach bad credit loans?
We look beyond credit scores, at your overall financial situation to lend up to $5000.
Can I get a loan with no credit history?
Yes, we have options for those new to credit or rebuilding their credit.
Will applying for a bad credit loan affect my credit score?
Our initial application is a soft pull, doesn’t affect your credit score.
What interest rates will I get for a bad credit loan?
Rates vary depending on your situation. We try to offer fair and reasonable terms to each applicant’s financial situation, including those with bad credit.
How can bad credit loans help my credit?
Timely payments on your loan are reported to credit bureaus and can help improve your credit score over time.
Do I need collateral or security for bad credit loans?
We only offer unsecured personal and installment loans. That means you don’t need to provide any collateral or security to get a loan, even with bad credit.
No Credit Check Loans
How is income verified for no credit check loans?
Our partnered direct lenders may request recent pay stubs, bank statements or tax returns to confirm you can repay.
What’s the repayment period for no credit check loans?
Repayment terms are flexible, usually a few months to a couple of years for loans up to $5000.
Can self employed get a no credit check loan?
Yes, we have options for self employed. We’ll work with you to verify your income through the right documentation.
How is my information protected during the no credit check loan process?
We use encryption and strict data protection protocols to keep your personal and financial info safe.
What sets our no credit check loans apart from others?
Fair lending practices, transparent terms and great customer service throughout the loan process.