2021 AmeriCash Loans Review – a Full Overview

2021 AmeriCash Loans Review – a Full Overview

(11 customer reviews)
Loan Ammount
$50 minimum. Installment loans up to $4,000
Loan term
Variable depending on the location.
Min. credit score
Not specified
Est. APR
up to 499%
Add to compare
8.2/10 (Expert Score)
Product is rated as #12 in category Reviews on Payday Loans

The company name AmeriCash Loans is a synonym of last hope for people out of time and cash. The lender is a relative newcomer to the lending business with rights reserved to offer short term loans. Like many others, AmeriCash offers a swift application service for personal installment loans. Even if you have a less-than-good credit score, AmeriCash never uses credit check information to assess a customer application.

If you need a bank account boost, they could still provide you with money. Any due payments that need finalization may get solved sooner than you think. AmeriCash has an effective customer service that can make fast loan amount payments to you on the same day you apply.

AmeriCash Loans contact options make it easy to apply. Choose between registering an online account through their website, www.americashloans.net, or via email. Or, if human communication is more your preference, contact their Illinois HQ call center. AmeriCash Loans helpful customer service is also available by phone or email to resolve any issues you may have.

Despite valuable benefits, limited AmeriCash Loans locations (12 states) may not cater to your needs. Moreover, different state credit terms and steep APR payback interest rates may see you forced into extra-financial issues. Scroll through this review to find out more.

Customer Experience
  • Less-than-perfect scores accepted
  • No early payment penalties
  • Cash rewards of up to $100 for referring friends
  • Quick application and approval
  • APRs have not disclosed upfront
  • Not available in all states
  • Inflexible repayment terms
  • Obscene interest rates, so refinancing is likely
Editorial Note: This content is not provided or commissioned by any financial institution. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by the financial institution.

Company (Lender) Loan Amount Loan term Min. credit score Est. APR Funds available in
Final logo mark hi res 3000x1750 1 $50 minimum. Installment loans up to $4,000. Variable depending on the location. Not specified up to 499%


The company name AmeriCash Loans LLC symbolizes its strive to respond to the outcries of distressed US borrowers. Though the lender may not be frank enough on the rates, borrowers can estimate the overall cost of the loan pre-approval process. The company invests a lot of energy to be helpful and provide same day funding, so it processes applications quickly.

Alternatively, if you choose to be helpful and tell your friends about them, you may even get rewarded. Financial prizes come when the referral is successful, and the person applies and gets approved with AmeriCash.

However, besides all the good sides and perks you get, unusually high interest can knock you off your feet. Beware of the repayment terms and ancillary fees and do your calculations upfront.  If you believe you can settle your debt on time and you genuinely need the money now, you’re good to go.

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The Lowdown on AmeriCash Loans. Are They Legitimate?


Credit check issues, review scores, APRs, and primary contacts are the first points of call to judge whether a loan provider is legitimate. Every lender must provide easy access to these critical details, including past company records.

Legitimate companies make it easy to find such information. Plus, they usually display crucial financial advice through a blog at the company’s site. Company sites that have conflicting or missing information are typically the felonious money lenders you should avoid. Close down immediately if you detect this.

AmeriCash Loans corporate office in Illinois is a reliable loan company that may please your varied concerns. AmeriCash Loans is a rights reserved loan company that reviews each customer’s situation and pays cash directly to their bank account.

At the onset, short payday loan financial assistance offers were AmeriCash Loans direct point of business in 1997. Advancing from their payday money lending services, today AmeriCash Loans focuses on installment loans. Loan amounts start from $50 and stretch up to $4,000, depending on your state and location.

Cash advance or payday loans are no longer product offers you can get with AmeriCash Loans. Yet, the short-term installment loans are still changing and easy to misinterpret. AmeriCash is free to charge high-interest rates that can often reach three digits.

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AmeriCash Loans Interest Rates and Fees

The company isn’t transparent enough on their interest rates and fees. Only after you get approved may the lender reveal the repayment terms. However, clients can see that general information is available online for referential purposes only.

For instance, clients of AmeriCash Loans Kansas City, MO, are subject to exorbitant interest rates that hit triple digits up to 499%. On the other hand, in AmeriCash loans Chicago, IL, the maximum fee per $100 is $15.50, which translates to approximately 463% APR.

Indeed, short-term loans pose a potential risk. Many borrowers have reported unusually high rates, so it’s of utmost importance you read the fine print and get informed upfront. We suggest you go through the entire paperwork thoroughly and elaborate on the repayment requirements before signing. High-interest rates above 400% APR can make small short-term loan amounts seem pointless.

When it comes to fees, AmeriCash is relatively straightforward. They don’t impose any early repayment penalties, so clients can settle their debt earlier and save on interest. Moreover, no loan origination fee gets charged in most of their locations, which is a big plus for the company. Last, expect to pay a late payment penalty if you default on the loan and your state allows that.

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Using the AmeriCash Loans Platform

The website is intuitive, easy to navigate, and offers relatively detailed information. Rates and terms are displayed by state. The lender also runs a blog that abounds in budget-friendly tips and ways to take control of your finances.

The personal loans they offer to US residents are only available in 12 states. These are Arkansas, Florida, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Oklahoma, South Carolina, and Wisconsin. Unfortunately, residents beyond these states cannot apply in the first place. There are rumors that the lender is planning to extend its business activities across the current boundaries.

Go under the AmeriCash Loans near me section on their website locator to find your closest neighborhood store. When applying online, hit the “Apply Now” button and insert the required information about the loan and your contact details. Then, you’ll have to upload banking data and income testimony to have your application assessed. If your application goes through, you’ll receive a response within minutes and e-sign the final documentation set.

If you plan to apply via the phone, contact their customer service at 1-888-907-4227. Arrange the loan with a representative who will guide you through the process in a professional fashion. Last, to apply in-person, grab your set of documents and head to the nearest store.

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People applying with AmeriCash must remember that approval depends on several factors, and received money may be subject to change. As helpful as their customer service is, sometimes there are state-mandated loan limits. If you choose to apply before 11:30a CST and submit all documents and signatures, expect your balance to increase the same day.

AmeriCash Loans Eligibility Requirements

This lending company specifies several documents that potential borrowers must provide upon applying online. Such documentation may be subject to change, but overall, people should submit the following evidence:

  • A verified and active bank account
  • Proof of income (must be within the last 30 days)
  • State ID or a valid Driver’s License
  • Proof of residency (a total of two recent business email)
  • Sometimes you may need to provide a voided check

Once they review your application and establish that you qualify, expect to receive the money within one business day. Note that you can apply both online and in-person at your nearest customer service department. Repayment for any loan received should start with your next pay stub.

AmeriCash Loans Reviews on the Customer Service Experience

The following are verified reviews from ConsumerAffairs and BBB by customers who have first-hand experience with the lender:

“If you need a fast loan go to Laura in AmeriCash Loan in Arlington Heights, IL. She’s very friendly and always willing to help. I always and only go to Laura in Arlington Heights. If you want great customer service, she’s the one. I wish there were more like her – always friendly with a smile. I recommend anyone to go to her if they want great customer service!”                              

MaryAnn of Arlington Heights, IL

“I took out a $1700 loan and had to pay back $5000. I can’t believe this is legal. I was broke for 7 months because of them. Don’t take a loan from AmeriCash. The people were cool on the phone but way too much interest.”

Brian of Elmwood Park, IL

“During the 2020 Covid19 crisis, they are still accumulating daily interest to loans.”

Sharay T

Deciding if AmeriCash Loans Are Right for You

Their customer service department is always helpful and available online, via phone, or email. If you choose to visit the nearest location, you should know that every financial agent would strive to please your call for help. Above all, AmeriCash locations are convenient, widely-dispersed, and offer superb customer service.

Nevertheless, you need to know that you have several payment alternatives. The first and most opted for is the installment payment under which borrowers pay back the total amount plus accrued interest. In short, you have scheduled payments over the specified term of the loan. Second, you can execute full payment of the total amount due at any time without penalties. Last, you can pay part of the debt earlier without additional fees.

If you choose that a loan like that of AmeriCash Loans Chicago isn’t right for you, call a friend or family member.  Even better, if you’re not in a rush, take some time to save up the money or seek a cash advance from work. Alternatively, carefully read this review page and prepare for all the pros and cons.

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Final Thoughts

Work or business issues still keeping your cash flow down? If you have reached a financial dead-end and have no other alternative to borrow money, AmeriCash would assist you. Loan pre-approval and one business day funding from this helpful lender will undoubtedly balance your money woes. For detailed information, check their site, contact them by email, or visit your neighborhood store.

Anyways, consider their products to be the last card up your sleeve. If you are in financial distress in the first place, think about the excessive interest rates short-term loans entail. Make sure you have a sound repayment strategy before considering applying and considering all the points in this helpful review.

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Are There AmeriCash Loans Complaints?

When you deal with clients and offer products that may tap into their pockets, complaints are inevitable. According to the site Better Business Bureau, which deals with clients’ complaints, AmeriCash Loans Des Plaines Il has an excellent rating of A+. In the last three years, a total of 12 complaints got received, most of which approved. The majority of issues related to billing or collections got resolved to the satisfaction of the customers. From what we could see on the site, the lender is responsive and willing to cooperate for faster settlement of loan disputes. They are helpful and never ignore payday loan reviews from people who applied with them.

Does AmeriCash Loans Check Credit?

No, this lender never runs a credit check. They eagerly please applicants with bad credit scores and not-so-perfect borrowing history. So, if you belong to this group of troubled clients, don’t hesitate to choose their offers. However, since no credit check gets imposed, the company is quite stringent regarding reliable income proof. Moreover, the assigned due dates are strict and inflexible so that the company protects itself from missed or belated repayments.

Does AmeriCash Loans Rock Hill SC Approve Bad Credit Scores?

Yes, they do. Even if you suffer from less-than-perfect credit, this will not affect your loan application. Neither would poor credit prevent you from being eligible for personal loan products. What matters to this loan provider is that you have a verifiable income source and can repay in due time.  In case other lenders have turned you down, they’ll be more than happy to please you. Expect to get approved for a credit option that fits your budget and needs within a short time.

Terms: 2021 AmeriCash Loans Review – a Full Overview

Loan amount $50 minimum. Installment loans up to $4,000
Loan term Variable depending on the location.
Min. credit score Not specified
Est. APR up to 499%
Minimum loan term 112 days
Maximum loan term 180 days

Photos: 2021 AmeriCash Loans Review – a Full Overview

11 reviews for 2021 AmeriCash Loans Review – a Full Overview

4.2 out of 5
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  1. Marco L

    Very nice company. Although they have high interest rates, for someone like me with bad credit report they are the only option. The personal is pleasant and helpful. Thank you very much.

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  2. Rachel

    They do not do credit checks and this is the best advantage they have. I took a loan and I had to pay high interest rates. But I need cash fast and they provide that for me.

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  3. Logan Dale

    If you need a fast approval this is the right loan for you. People who are working there are friendly. You will get your loan fast. Good company.

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  4. Jack London

    They have enormous interest rates. And by enormous, I mean really huge. For a small amount I had to pay triple the sum I borrowed. Never again!

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  5. Grace M

    They do not operate in every state. They are not accessible everywhere. That is a huge disadvantage they have. I’ve tried to get a loan but without a result.

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  6. Billy J

    Easy application, you can do everything online and have the money transferred in 24 hours on your bank account. Easy solution for fast cash.

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  7. Sammy K

    AmeriCash Loans is the best company for fast payday loans. I have borrowed from them couple of times and I am very satisfied with their service. Fast approval, quick cash.

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  8. Robert P

    Here in Michigan, the AmeriCash Loans are available, Apply online, get all the necessary documents, approval is fast and you will receive the money within one day. Perfect!

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  9. Patricia J

    They display their interest rates by state on their platform. But it looks like to me that they sometimes charge more. I know that I had to pay very high interest rates on a small amount of money.

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  10. John J

    If you need a loan fast you don’t usually ask how much you will pay. And this is a mistake. They charge tooooo much.

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  11. Jennifer M

    AmeriCash Loans is really good solution if you have no other options and you need cash. Despite their huge interest rates, if you are able to repay the debt earlier you will save on their fees.

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