Magnum Cash Advance

Your initial loan is up to 30% of your monthly take home pay, or your monthly recurring income which is deposited into your bank account.

There are four ways to receive your funds:

• ACH Transfer- overnight, no charge.
• Western Union- Western Union money transfers are guaranteed to arrive within minutes of your loan’s approval. There is a fee associated with this transfer. To avoid reducing the amount of your loan, Magnumcashadvance.com will finance the Western Union Fee. Western Unions are good for weekends and Holidays when ACH transfers are not available). This option is only available to a returning customer.
• Wire Transfer- Wire transfers that are executed before 11:00 AM usually arrive the same day, but are not guaranteed to arrive on the same day. There is a fee for wire transfers.
• Check via the mail- this method of delivery is available, but not recommended, as prompt delivery cannot be assured.

Unlike our competitors who require you to repay the loan on the next pay day, Magnumcashadvance.com will allow you to take multiple pay days to repay the loan. By extending the number of payments, you avoid rollover fees and save money. In addition, you may obtain additional funds before your loan has been paid off. These additional funds are obtained via our Rapid Cash Extension.

Our fees are based on the amount of your loan and the length of time of your loan. For example, someone that pays off their loan in 45 days will pay less fees than someone who borrows for 51 days. The actual amount that you pay will be clearly stated on your loan paperwork, in compliance with US Truth In Lending (TILA) disclosures.

For your convenience, Magnumcashadvance.com will electronically debit the account where your pay is directly deposited. No need to worry about sending a check or money order.

To reschedule a payment, you must contact Magnumcashadvance.com at least three (3) working days prior to your pay day. A processing fee will be assessed against your account. A payment may not be rescheduled during the three days prior to a pay day. Payment changes are not permitted on the first loan taken with Magnumcashadvance.com.

Magnum’s Rapid Cash Extension allows you to obtain additional funds before an open loan has been paid off. When you become eligible, you will receive an E-mail informing you of the additional amount that you may borrow. Simply follow the links in the e-mail, and we will forward the additional funds.

A Rapid Cash Advance is a fast and easy way for a returning customer to obtain a loan from Magnum. For example, if it has been two months since you have taken a loan, visit our web-site and click ‘My Account.’ Then select "Apply for a New Loan". It is that easy! If you prefer, you may contact customer service at 866-406-6800 and we will process your request via telephone.

• You must be 21 years or older.
• You must be employed full time with at least 3 months on the job.
• Your net monthly take home pay must be $1000 dollars or more.
• Your pay must be electronically direct deposited.

We verify all borrowers through TeleTrack & CL Verify.

Please contact our customer service department via telephone or e-mail with the new information. Please provide at least 3 business days for verification of new bank information. Bank accounts on file will be debited if new information is not confirmed before the scheduled debit date.