Triangle Cash Review | Loans Like Triangle Cash | Credit Raters us-lenders

Triangle Cash Review

When unexpected expenses catch you financially off guard, a short-term loan is always an ideal way to respond. Rather than visiting one bank after another filling out applications, a quick search on the Triangle Cash platform can land you a reliable lender within minutes, right at the comfort of home. 

The platform is entirely free to use, and its primary purpose is to match you with a lender based on the information you provide. All the lenders in this platform are reliable, legitimate, and ready to help you through your financial challenges, regardless of your credit history. 

To understand more about Triangle Cash, here is a comprehensive guide of its features, costs, and requirements. 

Costs

Triangle Cash is not a lender itself and therefore, it doesn’t source any loans. The repayment rates and terms that you will be offered will be set by the lender that you’ll be connected with. Also, since it has multiple lenders, it doesn’t show the specific rates you will get from its partner lenders. 

The rates may depend on factors such as your credit profile, a lender’s policy, loan amount, level of income, and your state, among others. On its website, Triangle Cash gives an interest rate estimate of 200% to over 600%. Here is a summary of the loan details;

  • Loan amounts- $100 up to $1,000 
  • Average APR – 200% to over 600%
  • Loan term – varies by lender
  • Average turnaround time – same day to 1 business day 

Key features 

Triangle Cash platform is free to use and available 24/7. Since it’s not a lender, it isn’t involved in decisions regarding your loan terms. When you apply for a loan, it will match you with a lender, but a match is not guaranteed. If you are matched with a lender, you’ll be directed to the lender’s website for further application. 

The lender may require you to provide supporting documents before qualifying you for a loan. Once you’re approved, the funds will be available as soon as the same day or the next business day. However, there is no guarantee also that you will qualify for the maximum loan amount, especially if you are a first-time applicant. However, as you build trust, you may qualify for higher loan amounts. 

Even with a bad credit profile, you may still be connected with a lender. However, with most short-term loans, a bad credit profile is associated with very high APRs. The primary factor that determines whether you’ll qualify for a loan is your level of income. 

Furthermore, you don’t require collateral to qualify for a loan. However, you will be charged for late payments – the rate may vary from lender to the other. On the other hand, if you default your loan, legal actions such as collections may be applied. Please review your lender’s late payments and non-payment policy so that you know what to expect if you are unable to repay your loan. 

One major upside of using Triangle Cash is that it’s not upfront with the rates and repayment terms that you’ll be charged for your loan. The suggested APRs are also very high, ranging from 200% to over 600%. Besides, you may be charged additional charges such as origination fees and late repayment fees. Borrowers with bad credit can end up paying higher. 

While the loan may help you solve your current financial situation, it may hurt your financial goals in the long term if handled irresponsibly. Therefore, if you are not comfortable with the repayment terms that you’ll be offered, kindly decline the offer. You are not under any obligation to accept every loan offer presented to you. 

Other advantages and disadvantages of using Triangle Cash include;

Pros 

  • Fast funding 
  • Easy online application 
  • Access to a vast network of lenders 
  • Few requirements 
  • Accept bad credit 

Cons 

  • Not available in all states 
  • High APRs 

FAQs 

Does Triangle Cash check my credit? 

No, however, if you are paired up with a lender, and you wish to proceed with the loan application, the lender may perform a soft pull of credit. However, there’s nothing to worry about since it won’t hurt your rating. 

I have a question regarding my loan, who should I contact? 

Unless you have a complaint regarding one of the lenders in the platform, any other questions, inquiries, or concerns regarding your loan, should be directed to your specific lender. 

Is my state eligible? 

Due to state limitations, Triangle Cash services can only be accessed by individuals of all other states except West Virginia, Vermont, New York, Connecticut, and Arkansas. 

Eligibility Criteria

To apply for a loan through Triangle Cash, you must;

  • Be 18+ years old 
  • Have a steady source of income 
  • Be a U.S permanent resident or Citizen 
  • Have a steady source of income 

State Availability

If you live in the following states, you don’t qualify to apply for a loan through Triangle Cash;

  • Connecticut 
  • Arkansas 
  • New York 
  • Vermont 
  • West Virginia 

Customer support

The Triangle Cash Customer support team is attentive and ready to answer all your inquiries. You can reach them via +1 (855) 462-5019 or write to them at support@trianglecashloans.com. 

Application process

The application is super easy and only takes a few minutes. Follow these steps to complete;

Step 1 – Visit the Triangle Cash website application page and click Apply 

Step 2 – Select the preferred loan amount and your personal and employment information including; 

  • Your name 
  • Date of birth 
  • Social Security Number 
  • Email address 
  • Residential address 
  • Your employer’s details 
  • Monthly income 
  • Bank details 

Step 3 – Read and agree to terms of use. 

Step 4 – If you qualify, you’ll be offered a loan offer. If you accept, you’ll be directed to the lender’s website. Provide any additional information and wait for a response. 

Step 5 – If your loan request is accepted, you’ll be offered a loan contract to e-sign. Read the contract carefully so that you can understand all the terms and conditions involved. 

Step 6 – Wait for the money to be deposited in your bank account, either on the same day or the next business day. 

Conclusion

If, after reading this review, your thoughts about Triangle Cash are positive, then go ahead and try your luck. Remember to borrow responsibly. Irresponsible borrowing can get you trapped in cycles of un-ending debts.