Do Inheritance Advances Affect Credit Scores?

If a loved one has passed away, the probate process can unfortunately extend how long it takes for you to receive your rightful inheritance. With an inheritance advance, it’s possible for you to get some of your inheritance right away — sometimes even on the same day.

How Do Inheritance Advances Affect Credit Scores?

Because of how lengthy the probate process is, it’s not uncommon for heirs to wait well over a year before they are able to receive their inheritance money. However, even if the estate is still in probate, you can receive an inheritance cash advance.

An inheritance advance is different from a loan. Instead of having to provide collateral, make payments or even pay interest, you can specify how much of your inheritance money you’d like to receive right now. Most importantly, this process doesn’t consider — or even impact — your credit score.

Anyone, no matter their credit score, is eligible to take an advance from their inheritance as long as the decedent’s estate meets a size minimum. Here at Inheritance Funding Company (IFC), we’ll walk you through every step of the process.

Why Our Inheritance Advances Are Superior to Loans

There are several advantages to choosing an inheritance advance over a loan. With a loan, a poor credit history involving bankruptcy, defaults or foreclosures will impact your ability to borrow money. With an inheritance advance, though, credit is not an issue. You can still receive funds even if you don’t know what your credit score is or haven’t developed it. Our advances won’t even show up on your credit report.

Whether you decide to borrow a small portion or a significant amount of your inheritance, you won’t have to worry about any hidden fees. We don’t charge you any interest or even collect any repayment from you. Instead, we’ll wait for the estate to settle and repay your advance to us.

Also, unlike loans, there are no limitations on what the advance money can be used for. Access your inheritance and use the money for whatever is needed most.

Receive a Free, No Obligation Quote Today

Since 1992, IFC has been helping heirs access their inheritances. As the largest, oldest and most trusted company in our industry, we’ve developed a fast, easy process that has allowed us to advance tens of millions of dollars to thousands of heirs.

Ready to access what’s yours? Simply fill out our online form to receive a free, no obligation quote.