Check into Cash Personal Loans

Check into Cash is a lender in the United States that offers small dollar short-term loans to customers who are finding it difficult to obtain cash elsewhere. It has more than 1,000 branches in 30 states of America and is slowly spreading its presence in other states too. Customers can borrow money from Check into Cash for any of their short-term needs.

The lender has a good website with enough educational material available online. Customers new to applying loan can read different articles, understand the working of a loan and then proceed with their final decision. After all it is recommended to be well knowledgeable about loans before applying for one.

Check into Cash Installment Loan or Small Dollar Loan

Installment loan or Small Dollar Loan is becoming quite common in the USA. It offers more money than other types of short-term loans and gives customers more time to pay it off. There is no pre-payment penalty. Customers can choose bi-weekly or monthly payments as per their convenience. Check into Cash installment loans are available anywhere between $500 to $3,000.


Applying for a Short Term Loan

The application process is simple. Customers can walk into any of the Check into Cash store or fill up an online application form. The lender would require certain basic details such as name, phone number, address, Social Security Number, employment and income details.

The lender would verify all the information entered and if approved, you can expect funds transferred to your account the next business day. Borrowers who prefer to approach the lender’s store in person can walk out with the money required within minutes of completing the application form.

Interest Rates, Fees and Terms

Check into Cash charges extremely high interest rates that ranges from 153% to 1042%. Also, it has a loan fee that varies from state to state. Pay day loans are offered at a fixed fee of $15 to $25 for every $100 borrowed.

There is a difference between the amount of pay day loans, installment loans and title loans you can borrow. For example, the maximum payday loan customers can borrow is $1,000, whereas the maximum installment loan offered is $3,000.

On the other hand, customers can borrow as much as $25,000 towards title loans. This depends on the value of the vehicle used as collateral. Higher the value of the vehicle, higher will be your title loan and vice-versa.

Loan for Bad Credit

Check into Cash does not specify any minimum credit required in order to qualify for a loan. This brings a reason to cheer especially for those suffering from poor credit. However, you may have to be ready to shell out much more in the form of interest rates.

If you have enough time to shop around for a loan, you can look for other options that offer loans with lower interest rates. But if your credit score is not good enough and you do not qualify for a loan anywhere else, Check into Cash might be one of the few lenders ready to offer you a loan.

The Final Word

Check into Cash is one of the few lenders that offer flexibility in terms of application, approval and repayment. Customers who are not comfortable applying for a loan online, can walk into a nearby store and walk out with cash in hand.

Although its interest rates are high, they still seem to be competitive enough when compared to other payday lenders. It is one of the easiest ways to obtain cash for those with poor credit as approvals are instant and there is no credit check either.

Now calculate your personal loan
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