COMMONLY ASKED QUESTIONS
Yes! If your attorney does not work with BYDcash currently, we can speak with them to help meet your needs.
To qualify, you must be 18 or older and have a signed attorney fee agreement for your immigration process. If you are a minor, your parent, guardian or sponsor may apply on your behalf.
On average, the loan process takes 5 to 7 business days.
This time frame varies depending on how quickly you can submit the documents needed to process the loan. Once you’ve submitted your documents, loan approval typically occurs within 24 hours. Following approval, the client needs to sign and send the loan documents for our team to process the Loan Origination Fee and verify the bank account, which usually takes 3 to 5 days (this can be done concurrently with the application process to accelerate loan execution).
Not necessarily, but it is a requirement for applications to show that you or your cosigner has stable income in order to be approved.
The requirements are the same, whether you are in the United States (U.S.) or outside of the U.S. You will need a sponsor with legal status in the U.S. and a U.S. bank account, as well as a signed attorney fee agreement from a U.S. law firm. If the firm is not already working with BYDcash, we can speak with them to get them signed up.
Once you have moved to the U.S. and established a personal bank account with 3 months of usage, we can change the monthly payments to be debited from that account.
You will need to provide an ID card (Driver’s License, Passport, Consular ID) and 3 recent United States (U.S.) bank, rent, cell phone, and utility (water, gas, or electricity) statements. You also will need a cosigner with U.S. legal status. This can be your sponsor or anyone with U.S. legal status.
We strive to assist all our clients. If your circumstances are unique, our team can discuss alternative qualifications.
BYDcash charges 3% per month on the outstanding principal, similar to or less than a credit card (~22% APR). With BYDcash, you also choose your payment terms (6 to 60 months), so you can select a monthly payment that fits your budget. You may choose a longer term to get a lower monthly payment today, then after 6 month, you may pay it off as quickly as you want to reduce the overall cost.