Loan Advice

Cash Advance Phone Number: 1 (844) 675-7424

by Jim Hughes   Sep 17, 2021

You can call to request a loan with our payday loan landline or mobile phone number. That’s right; you can dial a number to request a cash advance loan. If you’re ready to call right now, pick up your landline phone, cellphone, or any other type of telephone and dial 1 (844) 675-7424. Read on for more information about using this loan request method. Read even further for general tips about this type of short-term loan.

Request a Loan Today*
By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Site Use.
*By filling out the form above, you will be routed to OpenCashAdvance.com’s loan request form.

What is a Telephone Cash Advance?

Before we jump into the perks of getting a cash advance through a simple dial-up number, let us dive into the definition.

A cash advance via the phone is a short-term loan suitable to pay off for outstanding bills, emergency expenses, and other forms of cash urgencies. These loans can be received from a bank, other financial institutions, or even an online lender; but, the original request happens over the phone.

Woman making a phone call while looking at her desktop computer.

Typically, cash advances hold rather significant interest rates and fees. Despite those steep costs, they can be a way to receive fast cash in an emergency.

Their key selling point is the fast approval rates and quick funding options, which can help shed time during critical situations. An over-the-phone application may only take a few minutes to complete.

Phone Call Cash Advance Pros and Cons

A cash advance over the phone could be an option for someone in a crisis that needs a quick loan. Considering the benefits and disadvantages of this type of lending can help you decide if it’s right for you.

Pros of Cash Advance Telephone

  •  Fast Funding

Cash advances are one of the fastest ways to receive quick financing. The application process is a breeze, and the response rate is fast as well.

  •   No More Monthly Installments

Obtaining a fast cash advance means letting go of regular monthly installments that may drain your bank account. Usually, cash advances are closed off with a one-time prepayment plan.

  • Bad Credit? No Problem

In order to qualify for a traditional loan from a bank, you may need to present an above-average credit score. With cash advances through the phone, your credit score may not be a definitive factor in the process. While the lender may review your past financial history, they can be more interested in your current ability to pay off the debt.

  •  No Collateral

Some financing options require borrowers to put down collateral. This is a reliable way to secure funding. However, if the borrower is incapable of paying back the loan on time, the lender will have to resort to salvaging the debt from said collateral. However, when it comes to quick cash advance options, the borrower may not need to present collateral to secure the loan.

Cons

  •  An Expensive Type of Funding

Cash advances are not cheap. From their interest rates to a lack of grace period for late payments, cash advances, although a go-to solution, has to be a well-informed decision.

  • Additional Fees

There are fees coming your way when applying for a loan, and a cash advance is no exception. Some lenders have a minimum amount set for additional fees, and others issue them per percentage.

  • Debt Cycles are a Real Thing

Each time you extend a loan, also known as a rollover, a lender charges supplementary fees. This, in turn, increases your costs for borrowing the money. Rolling the loan over can sometimes add a lot more expense to the original two-week payment plan.

What to Expect When Using a Cash Advance Phone Number

Woman making a phone call in a modern building.

After you call the number above, you’ll be connected to an automated routing service that’ll ask you for some information. All of the questions can be answered using the keys on your phone. For example, you’ll be asked for your zip code. After you punch your zip code into your phone, you will be asked for the next piece of information. The entire process should only take a few minutes to complete. When it’s over, the system will attempt to connect you to a direct lender. If you’re connected with a lender, the system will try to connect you with the lender directly. That means you won’t need to hang up your phone and call another number. The lender will be the one who presents you with your actual loan agreement.

Phone Vs. Computer

If you’re trying to figure out which way will work better for you, you need to ask yourself a few questions:

  • How proficient are you with a computer?
  • When was the last time you answered questions using a telephone keypad?
  • How secure is your computer?

If you’re a pro with a computer, then you’ll likely have a better experience just using your desktop to request a loan. The form will likely take about the same amount of time to fill out online as over the phone – assuming you are comfortable using a computer.

Both the telephone system and the online form are available 24/7, which means you should be able to request your loan using either option at any time of the day or night, assuming you have access to either a telephone or a computer with an internet connection.

If you’re not good with computers or the Internet, then the form might be a little complicated to fill out online. In a situation like this, you may have a better experience using our cash advance phone number. One other thing to consider is how secure your computer is. If you’re using a public computer, like at a library, then you may not want to use it to enter your private and banking information. If that’s the case, then you’ll be better off using a phone to request your cash advance loan.

Finding a Lender Over the Phone

Customer service agent smiling on the phone.

Once again, we’d like to point out that we’re not a lender. When you use this cash advance phone number, you likely hope to reach a lender eventually. This lender may offer the same type of short-term loan that you’d be offered if you had started your loan request using our online form. So the end result should be the same. Using the phone number is just a different way to get you there.

Small Loan, Big Responsibility

The dollar amount of your loan may not seem that big, but if you aren’t careful, the debt can become a burden. Payday loans are known to have high interest rates. This is understandable when you consider the short repayment period. If a cash advance lender charged a small interest rate, they would make little back off the loan if it was paid on time.

For example, if you were taking out a loan for $200 and the interest rate was only 5%, and there weren’t any other fees, then the lender probably wouldn’t make enough from lending you the money to pay for the infrastructure to be able to lend you the money. But because this type of loan starts out expensive, you really don’t want it to hang around any longer than it needs to.

You do not want to have to take out another loan to pay off your first loan. This can get you into a cycle of debt that can be hard to get out of.

We strongly advise anyone thinking about taking out a cash advance to make sure you will be able to pay back the loan as soon as possible.

Remember, when you take out a cash advance, you basically agree to give a portion of your next paycheck to the lender. This money could be automatically withdrawn from your bank account. That means you’ll have that much less money the next time you get paid.

You need to figure out how you’ll be able to survive on a smaller paycheck before that paycheck arrives. You don’t want to wind up needing to take out another payday loan on your next paycheck.

Those Digits One More Time

If you’re ready to use the cash advance phone number right now and you don’t want to scroll back up to the top of the article to get started, here’s that number again: 1 (844) 675-7424. If you have questions about using this phone number that we didn’t cover in this blog, please feel free to reach out to us for more information. While we’re not a lender and can’t help you with those types of inquiries, we will be happy to answer any questions you have about the loan request process.

Before dialing up the number make sure that a fast cash advance loan is truly the way to go for you. More importantly, revise your current financial state to ensure your capabilities to repay the loan you take out.

Jim Hughes, author at OpenLoans
Director of Content
Look to Jim for advice on budgeting, savings, insurance, stocks, retirement funds, and other topics in personal finance.
Follow me: