B3 Cash Solutions Review

B3 Cash Solutions Review

B3 Cash solutions specializes in providing lending services to borrowers with less than stellar credit. They make the borrowing fast and painless so you can get the money you need to solve your financial woes. They’ve built their business on building relationships, providing better services, and offering the best experience.

SERVICES PROVIDED

B3 Cash Solutions is an online loan provider of title loans, payday loans, installment loans, and bad credit loans.

Payday Loans

Payday loans are also referred to as paycheck loans, cash advances, or deferred deposit loans. They are very short term loans that require the borrower to sign a post-dated check or schedule a payment from their bank for the amount of the loan to be approved for said loan. These loans don’t require a credit check or additional collateral which makes them incredibly easy to qualify for, but they typically cause borrowers to fall further in debt due to their high interest rates and large amount of fees.

Title Loans

Title loans are secured loans that require potential borrowers to sign over the title for their vehicle in order to be approved for a loan. The loan amount is determined by the value of the vehicle rather than your credit history or credit score. These short term loans are also high interest loans due to the amount of fees involved and 1 in 5 borrowers will lose their vehicle while trying to pay off their title loan. There’s a reason why title loans are banned in roughly 25 states.

Installment Loans

Installment loans are your average, run of the mill loan. When approved for a loan, the total amount of the loan is divided up into equal payments for its duration so you have a single monthly payment that will never fluctuate. This type of loan is one of the easiest to work into your budget since it has a standard payment amount. They’re also very easy to qualify for as they don’t take your credit score into account nor do they require collateral to be put down.

Bad Credit Loans

These loans have relaxed approval criteria that let potential borrowers with less than stellar credit be approved for loans. These are typically personal loans or signature loans and you can find them at banks, credit unions, and various online loan providers. One thing to keep in mind is that bad credit loans will usually have higher interest rates or additional fees to account for the higher risk that comes with lending to individuals with bad credit.

B3 CASH SOLUTIONS LOAN PROCESS

B3 Cash Solutions’ loan process is incredibly straight-forward. Visit their website and fill out the online form with your basic details, you’ll be approved within 10 minutes, and you can get your money in 24 hours or less.

LOAN REQUIREMENTS

Government Issued ID
Social Security Card
Proof of Residence
Proof of Income
Personal Check (payday loans only)
Lien free car title (title loans only)

LOAN DETAILS

Loan Amount: $200 - $2,500
Loan Duration: 14 - 154 days
Collateral Needed: No
Interest Rates: 208% - 661%
Minimum Credit Score: Not Listed
Approval Time: ~1 Business Day
Loan Deposit Time: ~1 Business Day
Late Fees: Yes
Insufficient Funds Fees: Yes

B3 CASH SOLUTIONS REVIEW

B3 Cash Solutions is one of the less known online lenders. They’ve been in business since 2013, but have been growing in popularity these last few years. They owe their success to their payday and title loan services which serve the widest audience possible because of their low qualification criteria. However, this isn’t a good thing.

Every single one of the loans that B3 Cash Solutions provides is predatory. They’re aimed at individuals with poor credit that have no no other options when it comes to borrowing money and their loans are structured to put these people further and further into debt. Under no circumstances should you ever take out a title loan, payday loan, or bad credit loan. They are not in your best interest, ever, especially when personal loans and signature loans are just as easy to qualify for while having more borrower friendly terms and rates.

We’ve mentioned elsewhere about how we are vehemently opposed to companies that hide information about their goods and services. B3 Cash Solutions intentionally makes their loan rates difficult to find. That coupled with their high interest rates on what are already predatory loans should clue you in on what our final verdict is going to be.

IS B3 CASH SOLUTIONS GOOD FOR YOU?

No. Not even a little bit. Like the saying goes, just because you can do something doesn’t mean that you should and B3 specializes in doing things they shouldn’t. It would be one thing if B3 provided regular loan services and also provided title / payday / etc. loans as a means of helping people with bad credit, but they specialize in these vicious loans. Hard pass on B3 Cash Solutions.