When you’re waiting on an inheritance, it can feel like your money is locked away. Probate in California can take months—or even years—before beneficiaries receive their share of the estate. For many people, this creates financial stress: bills pile up, debts grow, and life expenses don’t pause. That’s when beneficiaries start looking at their options.
One common question is: “Should I get a traditional loan, or is an inheritance loan (advance) better?” Let’s compare the two so you can see why an inheritance advance from Approved Inheritance Cash may be the smarter choice.
What Is a Traditional Loan?
A traditional loan is money borrowed from a bank, credit union, or private lender that you agree to pay back—with interest—over a set period of time. It usually comes with strict requirements:
- Credit checks: Lenders will review your credit score to decide if you qualify.
- Income verification: You’ll need proof of steady employment and income.
- Collateral: In some cases, you may have to put up property or assets as security.
- Monthly payments: Regardless of your financial situation, you must make payments each month until the loan is fully repaid.
While traditional loans are useful for many purposes, they can add pressure if you’re already dealing with probate delays and uncertain timelines.
What Is an Inheritance Loan (Advance)?
An inheritance loan—more accurately called an inheritance advance—is different. Instead of borrowing money that you have to repay with interest, you’re simply getting access to a portion of your inheritance before probate ends. Here’s how it works:
- No credit checks: Your eligibility is based on the inheritance you’re entitled to, not your financial history.
- No monthly payments: You don’t owe us anything until probate is finished.
- No risk of default: Repayment comes directly from your inheritance share.
- Fast access to funds: Approved Inheritance Cash can get money to you in days, not months.
Key Differences Between Traditional Loans and Inheritance Advances
| Feature | Traditional Loan | Inheritance Advance |
|---|---|---|
| Credit Check Required? | Yes | No |
| Monthly Payments? | Yes | No |
| Collateral Needed? | Often | No |
| Risk of Default? | Yes | No |
| Timeline for Funding | Weeks (or longer) | A few days |
Which Option Is Right for You?
If you have excellent credit, a steady income, and want to borrow money for a specific purpose, a traditional loan may work. But if you’re waiting on an inheritance and don’t want the burden of monthly payments, an inheritance advance is the better choice.
Remember, with a traditional loan, you’re adding new debt on top of your existing obligations. With an inheritance advance, you’re simply accessing money that already belongs to you—you’re not borrowing against your future, you’re just receiving it sooner.
Final Thoughts
Probate delays don’t have to put your life on hold. While traditional loans come with interest, credit checks, and repayment pressure, inheritance advances are simple, fast, and stress-free.
At Approved Inheritance Cash, we specialize in helping California beneficiaries get access to their funds quickly. If you’re tired of waiting for probate to finish, reach out today and see how we can help you get the money you need—without the risks of traditional loans.
