Rideshare drivers and independent contractors often have difficulty securing cash advances because they lack “regular employment”. Ualett promises to change that by providing easy access to cash when freelancers need it most.
What Is Ualett?
Ualett is a mobile app that provides independent contractors and rideshare drivers access to a percentage of their future receivables when they need cash fast.
Freelancers, delivery drivers, and rideshare drivers can download the app, complete their information, and get evaluated for their financing needs. If approved, Ualett buys the accounts receivables and provides funds within 24 hours.
Cabicash Solutions Inc services Ualett and has been in business for five years. Ualett aims to support freelancers, delivery, and rideshare drivers, providing simplified cash advances to avoid unnecessary roadblocks in their business and personal lives.
History
Ualett was a work in progress for three years before it launched in July 2018. The founders’ main goal was to provide a seamless experience for freelancers and independent contractors to access their funds since most financial systems turn them down for financing.
The app started with promoters walking the streets, talking to rideshare drivers to share their app and spread the word.
Today, they’ve grown to have over 85,000 users across 40 states and thousands of repeat clients who, through Ualett’s loyalty program, have earned them access to more funds and greater benefits.
What Trustpilot Has to Say
The reviews on Trustpilot all rave about Ualett and how it saved them when most other financial institutions turned them down for their financing needs. Overall, 97% of the ratings on TrustPilot are five stars.
How Ualett Works
Ualett sounds like a complex program, but they make it easy to use and get access to your accounts receivable when you need them most.
Overview
Using Ualett is easy, starting with downloading the app and creating an account. Everything is AI-based, so the evaluation process is fast, and if approved, they send funds within 24 hours.
If approved, you select the amount you want to borrow and the repayment terms. You’ll receive your funds once you sign the agreement, usually within 24 business hours.
You can request higher credit limits, reactivate your account, and refer friends throughout the process. You can also view your cash advance history and talk with specialists about your financing needs.
Terms
Ualett offers flexible terms to allow freelancers, delivery, and rideshare drivers the flexibility they need to afford payments.
Fees and Charges
Ualett is a cash advance app. They don’t charge a percentage of your amount borrowed. Instead, they keep it affordable and predictable by charging a flat fee for the amount borrowed.
Location
The Ualett app is available nationwide, the only exclusions being Puerto Rico and Hawaii, with its headquarters located in Delaware.
User’s Security
Ualett takes customer security seriously. They don’t store any data received to process your cash advance request and never ask for your Social Security number. Ualett uses Plaid to securely collect and transfer your private information to qualify you for a cash advance, but no information remains in their system.
Customer Support
Ualett takes customer support seriously, providing clients with various options to contact them, including chat, email, and phone calls. They also offer after-hours phone support, via a virtual assistant, for any questions after regular business hours.
The Ualett App
Users can download the Ualett app for free from the App Store or Google Play and seamlessly apply for funding, ask for increases, and make payments. The Ualett app is user-friendly and helpful for all financing situations for gig workers.
Pros And Cons
Like any financial app, there are pros and cons to be mindful of when considering Ualett.
Pros
- Gig workers can secure funds fast, usually within 24 business hours after approval
- Qualified specialists are available to help users apply for funds, answer questions, and handle concerns
- A loyalty program that rewards members for repeat use
- Flexible repayment options
- Transparent pricing and no hidden fees
- Easy qualifying requirements including no credit check or Social Security number
Cons
- Ualett doesn’t partner with most electronic banks
- Participation is by invitation only
User Testimonials
Ualett has many user testimonials praising the ease of using the app and accessing the necessary funds. Here are two testimonials.
Rosana
Rosana didn’t expect approval because every other financial institution declined her application. She assumed we would charge her an exorbitant fee. But, to her surprise, she was approved and got the help she needed to keep working.
Nofe Liberty
Nofe Liberty was an Uber driver in NY. She didn’t believe Ualett was real because it sounded “too good to be true.” Then, one day she had a situation with her car brakes and no one to turn around for quick cash or help. She found the flyer (one of Ualett’s promoters handed her) and downloaded the app to apply. Then, ended up liking it so much that she became one of Ualett’s promoters. She wanted to join the movement and help other drivers find the help they needed.
FAQs
Ualett is becoming more widely known. Here are some common questions.
Where Is Ualett Located?
Ualett is headquartered in Delaware but serves over 40 states currently and plans to expand.
Is Ualett a Legit Company?
Yes, Ualett is legit, it is backed by Cabicash Solutions, Inc., and the app has an average 4.9-star rating on TrustPilot, 3.8 stars on the Apple store, and 3.6 stars on Google Play.
Will a Cash Advance App Like Ualett Damage My Credit?
Ualett doesn’t pull your credit or report your cash advance to the credit bureaus. Of course, you should always pay your obligations, but your Ualett cash advance won’t be reported to the credit bureaus.
What Is the Maximum Amount I Can Get From Ualett?
The maximum amount you can get from Ualett varies by individual. The more times you use Ualett, though, the higher the cash advances they may be able to offer if you have a great repayment record.
Should You Use Ualett?
Ualett has been around for five years and continually builds a larger client base, helping freelancers and rideshare drivers get the cash advances they need to continue operating.
With no credit check or Social Security number necessary and their excellent customer service, it may be the answer you need when you are in a financial pinch.