Installment Loans Info
ThinkCash is Popular But Why?
Thinkcash.com is a very skilled advertiser when it comes to branding and traditional marketing. They have a nice little logo that runs around and does tricks on their video commercials and ads.
ThinkCash Compared to Others
Thinkcash.com puts itself in the position of of runner up in the installment loan industry. They are second to non except the famous LittleLoanShoppe.com which dominates the industry.
ThinkCash is NOT a rea Lender
Unlike Little Loan Shoppe ThinkCash.com is not a real installment loan lender. If you look at their disclosure at the bottom of the website it shows that they are just providing the leads to the First Bank of Delaware and claims at the same time to not be affiliated with that bank.
They Do Credit Checks – Ouch!
In there disclosure they show that approval of the loan is subject to a credit check. That means they check your credit. If you apply for a loan your credit report may reflect what is called a hard inquiry. Hard inquiries typically stay on your record for 2 years and also may reduce your credit score in some cases.
No Same Day Loans
They advertise that they can get you a loan tomorrow. This seems to indicate that they can’t get you the loan in as little as 2 hours. That seems like a long time to wait when you don’t have to. They send the loan to a bank who runs your credit and you may not even get a loan and if you do it may or may not be deposited to your account until the next day or later.
Borrow $2500 But Not Really
Thinkcash.com states that you could get approved for up to $2,500. Then they provide a disclosure that says not to be shocked if you don’t get approved for the maximum ammount. They allow borrowers to draw the installment loan out approximately 30 payments.
They Do Not Provide a Real Address
ThinkCash
Attn: Customer Support
P.O. Box 101842
Their registration provides a hidden address.
ATTN: THINKCASH.COM
c/o Network Solutions
P.O. Box 447
Herndon, VA 20172-0447
570-708-8780
