Questions and answers
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Is CashGo a lender?
No. CashGo doesn't lend money or make lending decisions. We match your application with partner lenders in our network. If a lender accepts it, that lender contacts you directly, provides the loan, sets its own rates and fees, and handles your payments.
Does applying commit me to a loan?
No. You only agree to a loan when you sign a lender's contract, after it has shown you the full cost.
Do I have to repay my loan on my next pay?
No. These aren't payday loans. Installment loans from lenders in our network are typically repaid over 90 to 120 days, in payments that follow your pay schedule.
How much money can I get?
Most lenders in our network offer $300 to $3,000. A lender may approve a lower amount than you asked for after reviewing your application, so the payments fit your budget.
What will it cost?
Most lenders in our network charge an APR of 22% to 32%, depending on the risk of the application. Membership fees may apply. Your lender shows you the full cost of borrowing before you sign.
Example: a $300 loan at 32% APR over 98 days is repaid in 7 bi-weekly payments of about $44.99, for a total of $314.93. Use the payment calculator for your own estimate.
When will I get the money?
Your lender deposits the funds once you sign its contract. Many lenders in our network deposit the same day, though it can take up to 24 hours to show in your account.
Can I get a loan if I'm self-employed?
Yes. Self-employed applicants can apply as long as they have steady income that fits the payment schedule.
Do I need to send ID or other documents?
No. Lenders verify your bank account online with Instant Banking Verification (IBV). There's no ID, utility bill or paperwork to send, and nothing to fax.
What is an IBV?
Instant Banking Verification (IBV) lets a lender see a read-only copy of your bank statement. It protects you from identity theft, means you don't have to send bank documents, and protects the lender from fraud.
Using IBV doesn't give anyone access to your bank account or your password.
Can I be refused for having too many loans?
It can affect a lender's decision. Having many loans at once usually means being in a loan cycle, which makes it hard to budget. Some lenders in our network offer consolidation loans that replace several loans with one payment. See debt consolidation below.
What happens if I can't make a payment?
Contact your lender before the payment is due. Most can move a payment or set up a plan you're comfortable with; their rules and fees are in your contract.
Loans that aren't repaid can be reported to Equifax and other credit bureaus, which will hurt your credit score. Please borrow responsibly.
Caught in a loan cycle?
Debt consolidation replaces several loans with one larger, less expensive loan. It's one of the most effective ways to deal with high consumer debt, and paying it down can help you qualify for regular bank credit.
Mention it on your application, or get free advice from a non-profit credit counsellor.
Free credit counselling
We work with Consolidated Credit, a non-profit organization. Their counsellors can review your situation, help fix errors on your credit report, and find ways to repay your debts at lower interest rates.
Call 1-844-871-1426 for a free, no-obligation consultation, or request a free consultation online.