ClickCashGo Review 2024: Should You Trust This Site to Find You a Loan?
Personal Loans-
ClickCashGo- Basics: ClickCashGo is a loan marketplace that caters to borrowers with bad credit.
- Pros: It lets you connect with a network of lenders through a single free, online application and, if approved, receive funding within one business day.
- Cons: Bad credit loans can come with high interest rates, and the lack of information about participating lenders makes it tough to know what kind of terms you might find.
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If you’ve had difficulty getting a loan from a bank, credit union, or online personal loan lenders, ClickCashGo may be able to help you find a more accessible lender. The marketplace taps into a network of lenders that specialize in bad credit loans.
Loans you’ll find on ClickCashGo are designed specifically for impaired credit, so you may not face a credit check — but that also means the loans will likely come with high interest rates and other unfavorable terms.
In this review, you’ll find an overview of the site, plus some of the pros and cons of finding a loan through ClickCashGo to help you determine whether the site is right for you.
Table of Contents
What Is ClickCashGo?
ClickCashGo is an online loan marketplace. It’s not a direct lender, but instead connects you with a network of participating lenders.
When you submit an application on the site, your information is made available to the network of lenders, who may make you an offer. ClickCashGo serves as an intermediary to connect you, as the borrower, with a lender that can provide the financing you’re looking for.
The platform is designed to make relatively small personal loans and other types of financing available to borrowers for just about any purpose. They can be as small as a few hundred dollars, with terms as short as just a few months.
Little information is available about ClickCashGo. It claims to be “American owned” and appears to be affiliated with the Florida-based company Fast Flash Marketing, LLC, which is not accredited or rated by the Better Business Bureau. Contact information for the company is listed on a similar site, DollarConnect.
But ClickCashGo is only an intermediary. If your application is accepted by a participating lender, your relationship will be between you and that lender, and ClickCashGo will be out of the picture; you won’t have a financial relationship with ClickCashGo.
Loans Available
ClickCashGo can help you find three types of loans:
- Installment loans
- Cash advances
- Payday loans
The loans are typically unsecured, and you can use them for just about any purpose. Loan amounts range from as little as $200 to as much as $5,000, with loan terms ranging from three months to 60 months.
Installment loans are usually available in minimum amounts of $1,000, while cash advances and payday loans are available at a maximum of $1,000.
Bad Credit Loans
While financing through the lender network is available for all credit levels, it’s clear that ClickCashGo is designed primarily for those with poor credit. The website indicates “typically, lenders will not perform credit checks with the major credit reporting bureaus,” though it also indicates some lenders will.
This opens the possibility of obtaining financing even if you have a major mark on your credit history, like a recent bankruptcy or foreclosure, or even if you have no credit at all. It also means loans available are likely to come with high interest rates, so be cautious about borrowing more than you can repay in a relatively short time.
Lender Network
When you apply for a loan, you can never be guaranteed approval. But since ClickCashGo offers a network of lenders, you’ll have better odds of being approved than if you applied with a single lender.
There’s also the possibility that if your original loan request is denied, a lender may approve you for a lower loan amount. It may not cover everything you need, but it will at least provide you with a partial solution.
Lender Terms
With lenders that offer well-defined loans, the terms and pricing available are usually clear. Because ClickCashGo works with a network of lenders that offer three loan types, we can’t say for sure what kind of terms to expect.
Because ClickCashGo doesn’t publish a list of participating lenders, or even a number, we can’t say how extensive the lender network is. It may be dozens of lenders, but it may also be only a handful, and your options could change from day to day.
Who Is ClickCashGo For?
ClickCashGo appears to be designed primarily to service those with poor credit. If this describes you, you’ve probably had difficulty obtaining financing from other sources, particularly traditional institutions like banks and credit unions.
The main disadvantage with ClickCashGo is the low loan amounts available. If you only need a few hundred or a few thousand dollars, the platform could help you find it. If you require an amount greater than $5,000, you’ll need to consider other lending sources.
ClickCashGo Requirements
Because ClickCashGo works with many lenders, the requirements to obtain financing will vary by both lender and loan type. Generally, you must:
- Be at least 18 years old.
- Be a U.S. resident.
- Have an income of at least $1,000 per month.
- Have an active checking account in your name.
- Be employed at your current job for a minimum of 90 days.
Also, as is typical when opening new financial accounts, expect to submit a copy of your driver’s license or other state-issued photo ID to verify your identity. Your likelihood of approval for cash advances and payday loans may be greater if you have an active checking account with regular direct deposits.
Each lender may have its own requirements in place of or in addition to these.
ClickCashGo lenders serve customers in all states except:
- Arizona
- Arkansas
- Georgia
- Massachusetts
- New York
- Ohio
- Pennsylvania
- West Virginia
APR and Fees: ClickCashGo Cost
There is no fee for using the ClickCashGo marketplace. All interest and fees will be paid to the lender that ultimately funds your loan.
The platform advises that the typical APR you should expect to see is between 5.99% and 35.99%, which will be based on your creditworthiness, income, employment stability, and the amount and term of your loan.
However, since the platform includes payday loans, we’ll add that you should expect higher rates on those. Payday loans are very short-term loans — usually only to your next payroll date — and charge effective interest rates of 400% or more.
You may also face fees, such as an origination fee, depending on your lender and loan type. Origination fees are a percentage of the loan amount that you pay upfront to the lender. For example, if a lender has a 5% origination fee and you borrow $2,000, $100 will come out of your loan amount, and you’ll be paid out just $1,900.
ClickCashGo Alternatives
ClickCashGo is hardly the only source for short-term loans for consumers with bad credit. Shop around through other marketplaces and lenders before accepting a loan offer to make sure you get the best deal available.
BadCreditLoans is another online marketplace for borrowers with bad credit. The platform connects you with installment loans between $500 and $5,000 with terms up to five years. Some participating lenders will issue you a loan based on a steady income and an active checking account.
How to Apply for a Loan Through ClickCashGo
You can submit an application online at any time of day.
1. Fill out One Application for All Lenders
You can complete the entire application process on the main (and only page) of the website. The application is broken down into three parts, and you’ll enter this information:
- Employer name and contact information.
- Monthly income and payroll frequency.
- Residency information.
- Birth date.
- Driver’s license number.
- Social Security number.
- Bank account details, including routing and account number.
2. Network Lenders Review Your Application
Your information will be made available to the network of lenders that participate on the ClickCashGo platform.
3. Receive an Advance Approval
If your request is accepted, you’ll receive an advance approval.
ClickCashGo indicates approvals typically come through in about one hour, with funding taking place on the next business day. If you need funds in a hurry, the speed of both application and funding will be major advantages.
If you are not approved for the original loan amount requested, the lender may recommend you reapply for a lower loan amount.
4. Receive Funds
While the transfer of loan funds typically takes place the next business day after approval, actual transfer policies vary from one lender to another.
ClickCashGo Pros & Cons
ClickCashGo Pros
- Loans are available to borrowers with poor credit.
- Round-the-clock application.
- Fast approvals and funding times.
- No collateral required.
- Approval is more likely than with a single lender.
ClickCashGo Cons
- Different loan types mean uncertain terms and pricing.
- Very low loan amounts.
- Bad credit loans tend to come with high interest rates.
- ClickCashGo provides little specific information about its lender network.
- The company may be hard to contact if you require assistance.
Author:
Kevin Mercadante is a freelance personal finance blogger and the owner of his own personal finance blog, Out of Your Rut. A recent transplant to New England, he has backgrounds in both accounting and the mortgage industry.
