Legit or Scam? Examining ClickCashGo’s Credibility

Sometimes we get in a tight spot and need money immediately for a one-time emergency or to simply to put food on the table. That has many people looking to bad credit loans and cash advances to help them get by in today’s economy. ClickCashGo is a marketplace to put people in touch with bad-credit loan service providers. Is it a good option for you if you’re in need of cash right now? Here is my honest ClickCashGo review.

What is ClickCashGo?

ClickCashGo.com is a loan marketplace that puts people with bad credit in touch with lenders. Because the site is geared towards people with bad credit, credit checks aren’t always necessary. However, interest rates can be extremely higher on many of these high risk credit loans.

The site is designed to help match people with small personal loans and other types of financing. Purposes for financing can vary widely and can be as little as $500. Here are the requirements for loan consideration:

Be at least 18 years old
A United States citizen
Steady source of income (no exact amount disclosed)
Have a bank account with direct deposit
Credit rating from good to poor

You also won’t be able to submit information to ClickCashGo if you are located in my state (Georgia) or any of the following states:

Arizona
Arkansas
Massachusetts
New York
Ohio
Pennsylvania
West Virginia

My ClickCashGo Review

Personally, ClickCashGo isn’t something I would ever use myself. There is no reason my husband or I would look into a high-interest payday loan or cash advance. If I was looking for a loan today and my credit worthiness limited my options, would ClickCashGo.com be a good option?

ClickCashGo is a site that puts you in connection with loan service providers. While it is not the provider itself, it collects information and passes it to lenders who may be willing to take on your risk. For people with bad credit, ClickCashGo, or Click Cash Go as some might prefer to it as, can find loans that can cater to your specific needs (up to $35,000). The unfortunate element here is that ClickCashGo.com does partner with some not-so-great lenders. Interest rates on loans through the marketplace can run from 3.99% up to 35.99%. I wouldn’t hold my breath on anything close to 3.99%.

Thankfully, you are not obligated to pay anything unless you accept the term agreement. If you do not accept, you will not be held responsible for payments. If you’re not clear on the terms, seek legal assistance from someone or an entity that has your best interest at heart.

Click Cash Go Contact Information

As you navigate the webpage, you’ll notice it is missing a “Contact Us” section. For a company that initially requires your SSN to conduct business, it is surprising that there is not a simple means to contact an actual representative to answers questions and address concerns. A contact phone number is asking too much. But there is in fact a way reach the marketing team behind ClickCashGo.com.

If you scroll to the bottom of the FAQ section of the webpage, you’ll find an email address and mailing information which can be used to contact Dynomite Marketing, and yes, that is the correct spelling. For even more contact information, navigate to dynomitymarketing.com and you will find their telephone number (1-888-342-0007) and additional email addresses.

A General Note on Transparency

When you look at other ClickCashGo.com reviews posted online, most outlets note transparency being an issue. Some sites have the service as low as three out of 10 stars for transparency. In many cases, this is due to the terms not being very clear. This website itself is extremely basic with not much contact information on the business itself. To make matters worse, the service uses a sneaky tactic to collect your personal information.

Even if you decide to stop here due to cold feet or second thoughts due to privacy concerns, ClickCashGo now has your address, name, email address, and phone number to be used as they please. ClickCashGo may also give your information out to loan service providers which my lead to predatory practices even if you’re denied a loan. While an questionable business practice, it doesn’t mean that ClickCashGo is a scam.

Is Your Low Credit Score Holding You Back?

High interest rate loans are directly tied to your credit score and payment history. Self Inc offers a Credit Builder Account which allows you to build your savings and credit score at the same time by reporting your monthly deposits to the 3 big credit bureaus; Equifax, Experian, and TransUnion. The average user who make on time payments can expect to see a credit score increase of 49 points.

Conclusion

When it comes down to it, ClickCashGo is legit, but still a payday loan and/or cash advance service. Unless it is absolutely necessary, these types of loans should be avoided at all costs. Not only do they come with a much higher interest rate, but they will keep you in the mindset that living with debt is simply a part of life. If you’ve ran out of options, it’s still ok to shop around and try to find lenders to beat your last offer.

To truly further your own debt freedom goals, make loans like this mentally not an option. This will help keep you from falling victim to predatory lending or picking up unneeded debts along the way. Here are 4 daily habits to keep you motivated and put a dent in your debt.

If you’ve been struggling with debt, your credit has likely taken a hit as well. For me, having a low credit score and a high level of debt caused me to panic. How was I going to survive? The scary thing is – predatory lenders know when you’re feeling overwhelmed. That’s when the “Guaranteed Payday Loan No Third Party” envelopes begin coming in the mail.

How to Spot Predatory Lenders

Predatory lenders are everywhere. These lenders are referred to as being predatory because they tend to target people with bad credit, a lot of debt, and low incomes. Most of the time, they don’t truly care whether you can pay the loan or credit card off. Not to mention, most types of predatory lending also comes with a high-interest rate.

Consolidation loans and other quick-money loans can be tempting, especially if you are struggling financially. However, taking on new debt with a high-interest rate will only add to your financial stress in the long-run. You can typically identify predatory lenders by the wording used in their offer. They will use the words “guaranteed approval,” “payday loan,” “bad credit, no credit,” or “money now.”

Avoid Offers Like “Guaranteed Payday Loan No Third Party”

I’ve had a number of these “Guaranteed Payday Loan No Third Party” offers come through my email and land in my mailbox. At times, it can be hard to turn down the extra cash. Many of the lenders even market the offers as a “consolidation loan.” Having read/seen the mistakes myself and others have made, I know better than to fall victim to one of these lending traps. Here’s why…

They simply continue the cycle of debt and feed into it. Payday loans, guaranteed approval loans, and most bad credit loans are feeding into the cycle of debt. Generally, the interest is so high on these loans they are practically impossible to pay off.
No loans are guaranteed. If anyone guarantees you approval for anything, especially if your credit is bad, it should be a huge red flag. You’ll likely end up paying three times the amount of the loan.

Almost all of the “guaranteed” loans come with a high-interest rate. We are talking 22% interest and higher. If you’re already struggling, this will be nearly impossible to keep up with.
You may have to provide collateral to be approved. Some guaranteed approval loans require you to put up your house or car as collateral on the loan. Don’t do it! You don’t want to
These lenders don’t honestly care about your ability to pay off your loan. As mentioned above, many of these companies are feeding into the cycle of debt. If they are guaranteeing you money without knowing anything about your finances, they don’t care about your ability to pay it off or your financial freedom.

Even in the tightest financial situation, you should avoid these predatory loans at all costs. Consider getting a loan from a friend or transferring some of your debt to a credit card with a lower interest rate. Whatever you do, try to avoid anything that guarantees approval.

If You Must Get a Debt Consolidation Loan, Here is How

ClickCashGo Review: Should You Avoid At All Costs?