You need cash…

You don’t want to be a pain by asking your boss.

You’ve come to the right place. I’m Money Boss, welcome to my office. I know that horrible feeling when you’re out of cash and you NEED IT NOW!

Hang in there.

I’ve spent months conducting research on short-term lenders so that you don’t have to. There are a huge number of short-term lenders in Australia. Too many to sit down and compare. I’ve come up with a table that compares your top 7 options.

Unlike your actual boss, I can get you paid today – within 60 minutes.

Top 7 solutions for first-time advances:
Fees are current as at March 2011

PROVIDER HOW QUICKLY THEY PAY COSTS (for a $300 advance)
1. Cash Doctors Within the hour (instantly after your first advance) Special offer: $0.01
(first time customers only)
2. Cash Stop Same day as you apply $69 – $105* (depending where you live)
3. Dollars Direct The following day (Monday – Friday), if you apply on a weekend it typically takes until Tuesday. $75* + $7 flat fee
4. Cash Converters You need to go into their store front location Approx. $115*
5. Cash Australia A few hours or the next day (they don’t specify which one) $115*
6. Cash Today 1 – 2 days $66 + 0.13% daily interest
7. Payday Mate 1 – 2 business days $87.94*

* Prices increase when you increase the advance amount

Money Boss Recommendation…

If you need a little extra cash, I recommend you use Cash Doctors.
I’ve done my research and they pay you up to $600 and are also the fastest – within 60 minutes during business hours.

  • Only costs you 1 cent on top of what you borrow.
  • After your first time you an use you mobile phone to get advances
  • Everything is really clear and simple
  • Their customer service team is outstanding – you can contact them on pretty much any medium, phone, email, live chat, SMS and Facebook.
  • Their online application takes only 4-5 minutes.

How did I reach my conclusion?

I made a list of things that you DON’T want to have to deal with:

  • Hidden or unclear fees
  • Heaps of paperwork and messing around to apply
  • Dodgy looking site
  • Paid too slow – a day or two to get your money
  • Not an Australian company – dealing with Canadians or US based companies is scary

I then did a test drive for the companies that passed the above test but…

  • Some didn’t pay when they said they would
  • I couldn’t get people on the phone
  • Contracts and fees were sketchy and ambiguous

At the end Cash Doctors and Cash Stop got my approval – and I’m actually quite impressed by them!

 

Comments on this entry are closed.

*Maximum funded amount of loan depends on lender’s qualification criteria. **Funds are deposited within 60 minutes during business hours if you confirm your cash advance before 3pm. Some customers may be required to submit additional documentation for identification purposes due to qualification criteria. ***Money Boss will attempt to find you a lender despite your credit history. If you are not approved by my lender of first choice, a further lender will be suggested, provided you qualify. Loan approval is at the discretion of the lender.