Being a TaskRabbit contractor is not an easy task. You can indeed enjoy the feeling of being your own boss or use your spare time to earn a little extra money. However, as independent contractors, TaskRabbit workers often face fluctuating income streams and unexpected expenses. For TaskRabbit contractors who are searching for immediate access to funds, GigsMoney helps you find the best cash advance for TaskRabbit contractors. One more thing, there are no credit checks, no long waiting, just simple and hassle-free funding in your hand through Taskrabbit cash advance apps.
10 Cash Advance Apps for Taskrabbit Contractor
GigsMoney
GigsMoney is a new and trending cash advance app that offers up to $5,000 with no credit check, accepting all types of credit scores, including bad credit. It provides advances not only to regular employees but also to gig workers like those on Taskrabbit, Instacart, and UberEATS. Both the application and approval processes are fast, and you can receive funds on the same day after approval.
Pros
- No credit checks, no long waits
- Simple, hassle-free funding
- Offer up to $5,000
Cons
- Interest rates on higher side
- Required sign up through a third-party partner
- Mixed customer reviews
Fundo
Fundo offers merchant cash advances up to $10,000 for gig workers, freelancers, independent contractors, and small business owners. No personal guarantee is required, and discounts are available for early payment. But some customers have complained about high rates and processing fees.
- Same-day approval and funding
- Maximum advance amount of $10,000
- Discounts on early repayments
Cons
- Rates may be higher than average
- Mixed customer reviews
- Rates and fees are not disclosed on the website
Giggle Finance
Giggle Finance, like Fundo, offers merchant cash advances to gig workers, self-employed, and small business owners. A quick application, approval, and funding process, typically within minutes. Cash advances up to $10,000, lower than other providers. No rates or fees are listed, and customer reviews are not particularly positive.
- Quick approval & funding
- Accept gig workers, self-employed, and small businesses
- Credit score not required
- High interest rates and fees
- Mixed or poor customer ratings
- Not transparent rates and fees
EarnIn
EarnIn lets gig workers (including TaskRabbit contractors, self-employed and freelancers) access a portion of their earned wages before the next payday. No interest, just tips. Pay a small fee for instant funding or wait a few days and it’s free.
- Instant funding
- Works with most banks
- No interest and no credit check
- Must have consistent income
- Limited to your earnings
- Daily and pay period limits
Brigit
Brigit not only offers cash advances up to $250 but also provides other useful financial tools, including an expense tracker, credit monitoring, and budgeting insight. Unlike other apps, Brigit focuses more on financial management, notifying users when their account balance is low and automatically advancing funds to prevent the risks of overdrafts.
- Provides financial insights and budgeting tools
- Helps avoid overdraft fees
- No interest or late fees
Cons
- Limited advance amount
- Monthly membership fee
- Requires bank account access
GigsHelp
GigsHelp is a dedicated financial platform, specifically designed for independent rideshare and delivery drivers, as well as TaskRabbit contractors. It offers cash advances up to $5,000 with no credit check and no early repayment penalties. So, if you need hassle-free and large advances with fewer restrictions, GigsHelp could be a great option. Remember, you could pay a higher interest rate and fees.
Pros
- Fast turnaround time
- Maximum amount up to $5,000
- No credit check & accept all credit
- APRs could be on the higher side
- Does not disclose rates and fees before applying
- Mixed customer reviews
MoneyLion
MoneyLion is a good option for individuals who want to borrow a small amount of money to rebuild their credit. Typically, it offers loans of up to $1,000, including gig workers such as TaskRabbit contractors. It reports to all major credit bureaus, which means you could really build your credit by paying on time each month.
- Same-day funding available
- No credit check
- Access TransUnion credit scores every week
- All of your funds aren’t immediately available
- $19.99 monthly membership fee
- High maximum APR of 29.99%
SoFi
If you’re a TaskRabbit worker with a good credit score of over 650, SoFi is a really helpful option for you. It offers fast funding on personal and debt consolidation loans up to $100,000, starting at just 8.99% for eligible borrowers. They have lenders who never charge fees, not even late fees.
- Same-day funding with some applications
- Borrow up to $100,000
- No prepayment penalties or late fees
Cons
- The minimum loan amount is higher than that of some competitors
- Origination fee required to buy down the interest rate
- Some complaints of higher-than-expected rates
Upstart
Upstart doesn’t follow traditional underwriting criteria so many borrowers find this app easier to use, get approved and get funded. You get the funds in 1 business day with no membership fee. But it can be expensive for borrowers who barely meet the minimum requirements.
- Loans up to $75,000
- Considers education and career in the underwriting process
- Rates starting at 6.7%
Cons
- APRs as high as 35.99%
- Only offers two loan terms
- Origination fees up to 12%
Cleo
Cleo is an instant cash advance app that also helps you improve your financial health with budgeting tools in the app. Its AI driven insight and financial coaching is super helpful for managing your finances. Essentially it gives you cash advances up to $250 so it’s a good option for gig workers like TaskRabbit workers and other independent contractors who need financial support.
- Offers up to $250 in cash advances
- Includes AI-powered financial insights and budgeting tools
- Financial coaching for long-term money management
Cons
- $5.99 monthly membership fee
- A monthly subscription fee is required for full features
- Transfers can take a few days unless expedited for a fee
Top 5 Alternatives to Cash Advance Apps for Taskrabbit Contractors
- Credit unions: Credit unions and community and cash advance banks usually offer small personal loans at lower interest rates than payday loan apps.
- 0% APR credit cards: Some credit cards offer 0% APR for new purchases or balance transfers. If you qualify for one, it’s a cost-effective way to cover your expenses without paying interest during the promotional period.
- Peer-to-peer lending: Platforms like Prosper let you borrow money from investors rather than traditional banks or lenders. These loans come with affordable rates and relaxed terms.
- Personal loan: If you need a large loan, compare the best personal loan lenders. Remember, if you have good credit score, you can get a large loan with lower rates.
- Employer advance: If you need cash before payday, your employer may be willing to advance part of your paycheck.
Sally is the Growth Marketer at GigsMoney. With years of experience as an independent contractor, she understands both the fulfillment and challenges that come with the gig economy. Now, she is enthusiastic to help build a collective voice to put gig workers at the forefront and drive meaningful change.