Having bad or poor credit can be tough. Lenders use credit scores to determine an individual's creditworthiness. That three-digit number indicates how likely you are to repay a loan you borrowed. So when it's lower than a traditional lender's preferred threshold, the chances of them working with you are slim to none.
As a result, having a low credit score leaves you with few options to get help when you need it. Fortunately, there are ways to get quick cash. Platforms like Gerald can give you an interest-free cash advance, no matter your credit score.
Why People With Bad Credit May Need Extra Cash Fast
Everyone experiences financial straits from time to time. Recent surveys show that roughly 58 percent of Americans live paycheck to paycheck. That means they're one financial emergency away from trouble. For people with decent credit scores, racking up debt is an easy out. Despite the hardships that come with that, it's a way to get help. But when you have a low credit score, that option is nonexistent.
There are many reasons why you might need fast cash. Getting sick could leave you with healthcare costs that don't fit your budget. Meanwhile, missed days at work or slow business with your side gig could leave you with less cash than normal. Whatever the case, it's easy to slip.
Running low on funds could mean late bill payments, an empty refrigerator at home and/or no gas money to get to work! With a poor credit score, you have fewer options to get assistance. But that doesn't mean you have to fall behind.
Benefits of Cash Advance Apps
Cash advance apps like Gerald are game-changers for people with low credit scores. Unlike banks, these apps don't use your credit score as the end-all-be-all. Gerald looks at other factors like income and employment to give you the funds to cover sudden expenses.
Advances work differently than the alternatives. It's like borrowing from a future paycheck. You can get paid earlier and repay your advance automatically with your next paycheck. That means no new debt, no ridiculous interest rates and a far lower risk of running into issues.
It's a safe and cost-effective alternative that acts as a lifeline for people with poor credit scores.
How To Get an Instant Cash Advance
One of the best things about using a cash advance app is that you can skip the awkwardness and frustration of speaking to a loan officer. You don't even have to visit a financial institution. Everything you do is on your smartphone!
After downloading the Gerald app, you can create an account and sign up for a monthly membership. Provide basic information for Gerald to verify your income and employment, and you can request a cash advance. It's as easy as that. With Gerald, you benefit from instant approval and can transfer the funds into your bank account on the same day.
What Are the Benefits?
Using a cash advance app gives you countless benefits. These apps help people regardless of their financial situation or credit score. But if you have a lower credit score, you have the most to gain.
Easy Way To Get Paid Early
Who doesn't want to get paid early? Standard pay cycles mean you don't get the reward for your work today until weeks into the future. You've already done your part, so why not get access to your funds now?
A cash advance app is like taking from a future paycheck. Platforms like Gerald let you get part of your paycheck early, ensuring you have the funds to cover expenses today.
Helpful When You Need Money for Household Bills & Gas
An unexpected expense shouldn't prevent you from eating or getting to work. You can get the cash you need to cover the essentials with a cash advance. Use it to go grocery shopping, pay for household expenses and more. You can also use it to fill up your gas tank and ensure you can get to work to make more money.
Get Access To Your Funds To Cover Health Emergencies
Unfortunately, many people forgo healthcare because they can't afford it. It's a sad reality, but it doesn't have to be yours.
Same-day cash advance apps are a fantastic way to get money to cover healthcare expenses. You can use them to pay doctor's bills, purchase prescription medications or pick up over-the-counter care products. Whatever the case, it's a quick monetary lifeline that ensures you can get better and stay healthy.
Better Than Payday Loan Companies
Many people with low credit scores resort to payday loan companies because they think it's the only option available. While payday lenders promise fast cash, it comes with high costs and big risks.
Payday lenders charge exorbitant interest rates, making your loan cost significantly higher. Plus, they have many hidden fees and create repayment plans that can be tough to meet. These loans are notorious for sending people into debt spirals.
With an instant cash advance app, you can avoid those risks and get fast cash that benefits you.
Instant Approval & No Hidden Fees
Platforms like Gerald make getting cash advances easier than ever. With a cash advance app, you don't need to fill out applications or wait several weeks for a decision. Gerald uses W2 and W9 platforms to verify your income and employment. As a result, getting a cash advance takes minutes.
Get approval instantly without credit inquiries.
When it comes to affordability, you can't beat cash advance apps. Gerald charges zero interest and has no fees. The service aims to help you, not put you into debt.
Best Cash Advance Apps
Cash advance apps are becoming more popular every year as people realize their many benefits. As a result, you have several apps to choose from. Here are some of the best.
Gerald
If you want a same-day cash advance app that's affordable, quick and perfect for people with low credit scores, look no further than Gerald. Gerald offers advances up to $215 with no interest or fees. All you pay is the monthly membership.
With that membership, you also unlock many powerful financial tools. Bill-tracking can help you stay on top of your expenses. You can automate payments, get reminders and more. Gerald also offers overdraft protection, an online money transfer service and more.
Brigit
Brigit is a cash advance app that costs about the same as Gerald. With it, you can get an advance up to $250 with no interest or credit checks. The app is simple and easy to use but relatively bare-bones.
The Brigit app has credit-building tools and a budget planner. However, you don't get anything that compares to Gerald's bill-payment tools and robust financial features.
Earnin
EarnIn is a unique cash advance app that allows you to get up to $100 per day and up to $750 per pay period. It's a free-to-use app. However, there are additional fees involved if you want to get your money on the same day. Otherwise, you'll have to wait several business days to see that cash.
Compared to Gerald, EarnIn lacks many important features. Beyond the cash advances, you get credit monitoring. However, there aren't any tools to help you better control your finances.
Why People With Low Credit Scores Choose Gerald
It's not hard to see why people with low credit scores prefer Gerald. The Gerald app and membership allow you to get cash advances of up to $215 without worrying about credit inquiries. It's accessible to people regardless of their credit history. The fee- and interest-free advances ensure you get help without going deep into debt, and the instant approval eliminates wait times when you need fast cash.
Gerald is impressive for its cash advances alone, but it's also a resource for all things finance. The bill-tracking and automatic payment tools can help you stay on track. Meanwhile, the budgeting features, overdraft protection and money transfers let you take the reins of your financial life.
Download Today To Get Started!
Ready to see what Gerald can do for you? It doesn't matter if you have a fantastic credit score or a less-than-ideal credit history. Gerald is here to help you with same-day cash advances. Download the Gerald app today to learn more and get fast cash!
