Start Your Case Right Away with an Immigration Loan from BYDcash
EA Law, LLC attorney Eric Adams knows that immigration applications are expensive. That’s why we offer BYDcash as a payment option to pay for attorney fees and government filing fees.
Let’s start with an example:
You are married to a U.S. citizen and want to apply for your green card so you consult with an attorney, who provides you a quote for legal services and the cost for the USCIS filing fees. Maybe you can afford to pay everything out of pocket, but it’s going to drain your savings. Or, maybe you don’t have enough money up front. So, you contact BYDcash for a $5,000 loan to help with the costs and they quote you approximately $180/month over 60 months. You agree, BYDcash sends the money to your attorney to start your immigration application immediately. Then, maybe after six months, you have extra cash, so you decide to pay off the loan balance. Your loan is closed and your immigration case already started six months ago. But, if you don’t have the extra money after six months, then that’s not a problem. Just keep making your fixed monthly payments. See the screenshot below from BYDcash’s online calculator.
BYDcash Calculator Example: $180.66 monthly payment for a $5,000 loan.
There are a lot of benefits to using BYDcash to apply for immigration benefits:
File for immigration benefits as soon as you are ready;
Avoid large upfront deposits that can strain your budget;
Prevent filing delays due to outstanding law firm payment plans and the need to save for your government fees;
Preserve savings for unexpected/emergency expenses or impending expenses such as travel and start-up costs in the US; and
Develop good payment habits, and establish a positive payment history to build credit in the U.S.
Applying for a BYDcash immigration loan is easy, with no Social Security Number (SSN) or credit score required.
You can borrow up to $15,000 with BYDcash. Payment plans run between six and 60 months with a fixed, monthly interest rate of 3% on the principal balance. This means that the average annual percentage rate (APR) is between 22% and 24%, the same or less than the cost of a credit card.
Using the BYDcash calculator, you can simply enter the total amount you want to borrow and your preferred monthly payment amount to determine your loan term. A longer term will give you a lower monthly payment, and a shorter term will give you a lower overall cost.
To give you the best of both, BYDcash allows you to choose a longer term while you’re going through your process, so you can get a lower monthly payment and establish a history of on-time payments. Then, after six months, you can choose to pay off your loan as quickly as you want, for a lower overall cost.
Not sure you qualify? Submit your questions to the BYDcash team at www.bydcash.com/contact.
Just follow the four easy steps below to complete the process, and your BYDcash Relationship Manager will help you every step of the way.
STEP 1 - Complete the Intake Form and Pay the Application Fee
Go online and complete the quick and easy online intake form.
Pay a $25 non-refundable application fee.
Provide your full name and contact details, general information about your case, and your attorney’s contact information.
STEP 2 - Submit the Required Documents with Help from Your BYDCash Relationship Manager
After you submit your intake form and pay the application fee, a BYDcash Relationship Manager will contact you to guide you through the application.
You just need to provide:
Identification: A valid ID (Driver's License, Passport, Consular ID)
Documents: Three (3) recent U.S. bank, rent, cell phone, and utility statements
Sponsor: A confirmed sponsor with U.S. legal status (e.g. U.S. citizen, Permanent Resident, TPS, etc.) to cosign the loan.
STEP 3 - Choose Your Payment Plan
Finally, select your payment term using the BYDcash calculator.
Put the total amount you wish to borrow (legal fees + government fees) and your preferred monthly payment to determine your loan term between 6 and 60 months.
STEP 4 - Decision, Payment, and Signature
Once you’ve submitted your completed application, BYDcash typically approves within 24-48 hours.
To accept your loan, you will need to:
Sign and return the loan agreement and the scheduled payment form.
Pay the $150 Loan Origination Fee.
The entire loan process generally takes 5 to 7 business days, but it can move faster or take longer, depending on how quickly you complete the loan application.
