When you’re waiting on an inheritance, you may consider taking out a loan to cover immediate financial needs. But not all loans are created equal. It’s important to understand the difference between an inheritance advance and a traditional loan.
A traditional loan—like a personal loan or home equity loan—is based on your credit score, income, and repayment ability. You must make monthly payments with interest, regardless of your inheritance timeline.
An inheritance advance (also called an inheritance loan), on the other hand, is based on the value of your future inheritance. There are:
- No credit checks
- No monthly payments
- No repayment until the estate is settled
The loan is repaid directly from the estate once your share is distributed. That makes inheritance loans ideal for heirs who don’t want to take on new debt or who may not qualify for traditional financing.
At Approved Inheritance Cash, we specialize in quick, fair inheritance advances. We’ll help you access your money now—without the stress of credit checks or monthly bills.
