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Vola finance loan Review
Vola loan review quick summary
Is Vola Finance safe? Yes.
Vola Finance is safe to use but used with caution. This is based on our analysis of NLP (Natural language processing) of the more than 5,718 user reviews taken from the Appstore and the appstore aggregate ratings of 4.5 / 5.The Vuse Finance Justuseapp Safety Score is 26.8/100.Is Vola Finance Legal?
Yes. Vola Finance is legal, but not 100% legal to us. This conclusion was reached by using more than 5,718 Vola Financial User Reviews through our NLP machine learning process to determine whether users believe the app is legal or not. Based on this, Vola Finance's Prudentj2 Legitimacy Score is 26.8/100.Is Vola Finance not working?
Vola Finance works most of the time. If it does not work for you, we recommend that you use patience and try again later.
How does Vola Loan Finance works?
Vola monitors your bank account and keeps an eye on your finances to help you budget and save. If your account is less than $ 35, it sends a warning - and you will be able to borrow up to $ 300 in advance to prevent overdraft payments and insufficient funds (NSF). Transfers are made as soon as you start, making it easy to avoid payments.
Maximum Withdrawal: Up to $ 300
Cost: Membership fees start at $ 4.99
Change: One business day
Vola also uses a different Vola Score to show how well you manage your finances. It improves as you avoid NSF payments, increase your bank account balance and learn Vola financial tips.
How Payment Works with Vola?
Finance
Vola automatically deducts payments from your bank account, but you can pay in advance without any advance payment. And if you know you will not have a refund in advance, you can request an extension of up to 10 days.
If you have paid in advance, there is a cooling period of five days before you can borrow again.
How much does it cost to use Vola Finance?
Vola charges a monthly membership fee to achieve development - but the app itself is free to use. The basic membership category starts at $ 4.99, and Vola says the average subscription fee is $ 7.99.
What are the advantages and disadvantages of Vola Finance Loans?
Advantages
- The amount already deducted is not determined by the hours previously worked
- Financial learning tools
- Notifications when bank account balance is low.
Disadvantages
- The first minimum is $ 300
- You must be logged in to a bank account to view membership categories and expenses
- Central bank account balance of $ 150 + required
- Many problems reported with the app.
Is Vola Finance safe to use?
Vola Finance has a detailed privacy policy that includes personal information that we collect, when it is collected and how it is shared. It will not share or sell your information to third parties for commercial purposes, but may be shared to verify your accounts and payments.
However, Vola Finance does not specifically state how to keep your bank account details secure. Contact Vola Finance to ensure that your information is secure when using its application.
How do I use the app?
Follow these steps to get ahead by downloading the Vola Finance app via the App Store or Google Play.
- Click Sign Up Today.
- Select the App Store or Google Play download link and install the app.
- Open the app and click Create Account. Enter your name, choose your location, enter your email address and create a password. Click Create Account Again.
- Verify your email by entering the 4-digit code sent to your email address.
- Enter your phone number and click Continue. Enter the verification code sent to you.
- At this point, you have the option to create a profile to increase your Vola score or create a passcode to protect your account — or click Skip if you would like to return to this step later.
- Click Advance now to apply in advance.
- Follow the guidelines to supplement your bank account and complete your loan application.
Qualification requirements for Vola Finance
Vola Finance supports more than 6,000 banks and credit unions, but your bank account must meet certain requirements to qualify for cash advance.
- 3+ months old
- Medium balance is over $ 150
- Shows income and deposits
- It shows some activity on most days of the week.
Conclusion
Should I use the Vola Finance app?
Vola Finance can help you manage your finances and keep your bank accounts in good condition, which makes them a useful tool if you are just learning to budget. But it is a new service and still has problems with its application. Read our prepaid apps guide to learn more about the process and compare some of your options.
