Check Into Cash offers payday loans in 32 states through its more than 1,000 stores as well as online. The rates it offers are comparable to most other lenders in our review and fall within the average range for the payday loan industry. Rates and fees are posted on Check Into Cash’s website. In addition to payday loans, Check Into Cash also offers lines of credit, installment loans and check cashing services.
You can get an online payday loan from Check Into Cash in 23 states. The rates and terms are different for each state, so consult the website to see if the loans offered in your state have acceptable rates for you.
To apply for a payday loan online you’ll need to have an active checking account that’s been open for at least 90 days, be at least 21 years old, have a current phone number and a valid email address. Approval is relatively quick, and you should know how much you’ll be eligible to receive in a few minutes. One drawback to an online payday loan is that is can take between one to two business days to get your funding. When your loan is funded your money will be deposited into your account and once the payment period elapses your account will be debited for the amount you owe, so make sure you have enough in your account or have adequate overdraft protection.
To get an in-store cash advance at one of Check Into Cash’s many locations you’ll need a current pay stub, a state or federal photo ID, your most recent bank statement and a personal check. You’ll write a check for the amount you’re receiving, plus any applicable finance charges and post-date the check for two-weeks from the application date. Once that period elapses, the lender will deposit your check. You’ll want to ensure that you have enough money in your account to cover the full loan, otherwise you run the risk of incurring overdraft charges from your bank and other fees from the lender.
In addition to offering online payday loans and cash advances, Check Into Cash provides installment loans, online installment loans and lines of credits. As with its other loan offerings, check its website both to make sure what you want is available where you live and to see what rates are offered.
Check Into Cash locations also offer supplemental services such as check cashing, bill payment, wiring money and selling gift cards for cash.
Payday loans are an expensive way to get quick access to cash, but they are expensive and you run the risk of needing to take out another loan, also called rolling over, to pay off the first. A single payday loan can add up quickly. To avoid this, we recommend exploring alternatives before getting a payday loan. Alternatives to explore include a personal loan from a credit union, an overdraft line of credit, a cash advance on a credit card and finding someone to co-sign on a loan with you.