Delaware Fast Funds
delawarefastcash.com
P.O. Box 165
Wilmington, DE 19899
Delaware Fast Funds is a locally owned and operated payday loan website based in Wilmington, DE. This company, while web only, understands the particular laws put in place by Delaware and can operate in a capacity to get you the maximum loan possible if you need it. This company actually skips interest entirely and instead charges a series of fees with a very small $10 “fast cash” fee that covers the entire application process (if you’re approved) and gets you money in as little as 60 minutes.
Something interesting about this company is that since they don’t technically call their loans “payday” loans, they can operate outside of the legislature that puts caps on those loans. This means you can actually borrow more than the state limit of $500. In some cases, you can borrow up to $1000.
What They Offer
Delaware Fast Funds offers you short-term and medium-term loans of various dollar amounts and you can receive your cash in two ways. There’s the standard transfer which deposits funds the next business day or the “fast cash” way which deposits your funds within one hour. This service does require you to fax them certain information and meet the requirements.
The requirements for this service are similar to traditional payday loan institutions in that you need to have employment for 3 or more months and have a checking account in good standing for at least that long. Being paid via direct deposit is also a factor. These all contribute to just how much you can borrow. If you don’t meet these requirements, they may still work with you, just offer you a smaller loan the first time you use them.
Where They Are Located
Delaware Fast Funds is headquartered in Wilmington but it’s primarily an online only company. This allows people to use this service no matter where they are located across the state. You are required to fax certain items so you must be able to use a scanner or fax machine in your area. These are commonly located in grocery stores and print shops. If you have a newer phone, you may be able to simply take a picture of the required information and send it in. This isn’t recommended if your camera resolution is less than 8 megs however.
Rates/Terms
This company has extremely competitive rates. You can borrow up to $1000 according to the website and you’ll pay back $30 for every $100 plus $10 if you choose to use the “fast cash” option. There are no APRs stated on the website so they seem to operate using fees only. This is beneficial so you don’t have to worry about accruing too much interest if you decide to use extensions. You’ll still be subject to extension fees however.
Additional Info
If you use this company more than once, you will automatically become a VIP member. This stores all your information so you don’t have to do any more faxing or fill out a new application. This can save you time if you need a second loan in the future.
