MyCashNow.com Review – Is it a scam?

MyCashNow.com is a website that offers payday loan. Payday loan is a small, short-term loan intended to cover the borrower’s expenses until the next payday. MyCashNow claims to offer payday loans regardless of the person’s credit history (good, bad or no credit at all).

The amount a person can lend from this website could range from $100 to $1,500. MyCashNow claims to charge lower fees compared to other payday lending websites. Lending fees at MyCashNow.com range from $18.62 to $279.30.

More about MyCashNow

The website is user-friendly. Interested borrowers can easily get started at this website simply by providing the complete name, email, zip code, and the amount to be borrowed.

Unlike other money-lending sites, MyCashNow offers incentives and benefits to its users. If you’re a first time borrower, you’ll get an APR of 363.96%. Repeat borrowers, however, who maintain a good payback history, can enjoy discounts from the loan borrowing fees. The discount which could range from 10 to 30% off the standard fees will only be honored during the borrower’s fifth time to lend.

Referring friends and family to try MyCash services could entitle you to $100 bonus once their loan applications are approved.

Final thoughts on MyCashNow.com

One bad thing about these payday loan companies is their high interest. Before you sign up and make your first payday loan, it would be wise to think about this loan’s pros and cons. If you don’t think you are capable of paying back, then don’t take the plunge of getting a payday loan.

Please leave your comments or your experience with MyCashNow.com below; it helps others.

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