Is qualifying for an Inheritance Cash Advance as hard as getting a bank loan or line of credit?

If you’re waiting for a probate process to end, and it seems to be going on forever, you might have been snooping around the web in search of options and found something called inheritance advance. You might be fuzzy on the details, though, so we’re here to clear things up.

Is an inheritance advance the same as a loan?

No, the two are fundamentally different.

A loan means borrowing money from a bank (or any other lender). Both sides agree on a set date by which the money has to be repaid, and you’re personally liable for the debt. This means that, should you fail to adhere to the terms of the contract you signed with the lender, you and your property have to suffer the consequences.

Even though an inheritance advance may seem similar, it has more in common with a sale than with a loan. As the heir, you have the right to an estate, even if you’re not the owner yet. You can sell this right—or just a part of it. This is precisely what you do when you apply for an inheritance advance—sell a part of your property in advance. Once you conclude the sale (i.e., sign the contract), you don’t have anything to do with that part of the estate. You’re not personally liable for the repayment, and there is no deadline—it’ll be done when it’s done, and the money will be taken from your inheritance directly.

The two distinctions that make inheritance advanced a by far better option are, therefore:

  • Lack of personal liability
  • Absence of deadline

Is applying for an inheritance advance as bothersome as applying for a loan?

Taking an advance on your inheritance seems like a much better choice, but is it difficult to apply for?

With Inheritance Advanced—not at all! It takes next to no time, and the application process is a piece of cake when compared to its counterpart for loans, credits, and the like.

When you want to apply for a loan, you need to provide the following:

  1. Good credit score. This is probably the most critical item on the list, and it’s the most problematic one. If you have a bad credit score, you can kiss almost any loan goodbye.
  2. Employment and income details. Lenders will look into everything, from the length of employment to job security, before they approve your request.
  3. The purpose of the loan. Banks want to know exactly what you mean to do with the money you’re trying to borrow from them.
  4. Proof of identity and address. Banks will use your address to evaluate your lifestyle and living situation. The nicer the neighborhood, the more likely you are to get the loan.

These are the essential requirements for a loan, but there are many other minuscule annoyances to go through. It’s a complicated process, especially when you compare it to the process of getting an inheritance advance. All we need from you is:

  1. Your name and contact info. We need it to get in touch after you’ve completed our online application.
  2. Probate details. These include the name of the decedent, probate case number, and probate state and county. We need this info to make sure the contract heeds the laws and regulations of the areas in question.
  3. Details on the estate. To determine your eligibility for an advance, we need to know how much you expect to inherit and how big of an advance you want.

And that’s it! If you apply for an advance on our website, the entire process takes just a few minutes of your time! We’ll get back to you in no time, and—if all goes well—you’ll have your advance in three days or less!