You've likely seen the Check 'n Go storefront around. The familiar green and orange sign of this payday loan store can be found all over Houston. In addition to providing single-payment short-term loans to those with no credit or bad credit from its stores, Check 'n Go also offers an online loan option.
The company has been around since the early 1990s, and although its APR is high, its fees are relatively reasonable compared to other payday advance services. Still, you're paying for the convenience of getting cash in the moments you need it most. If you apply for a loan in a store, you only have to wait for approval before getting the funds, which means if you need the cash immediately, it's possible.
Payday loans from Check 'n Go require you to have proof of income, a checking account and a valid ID. If your income comes from government benefits, such as social security or disability benefits, you could be eligible for a payday loan. Many payday loan services won't consider those who are self-employed or work as sub-contractors, but Check 'n Go gives them a fair shake.
The annual percentage rate is comparable to the national average, which is around 391 percent for a 14-day loan, but usually only on Check 'n Go's 30-day terms. The shorter-term loan comes with a much higher rate. However, the Credit Access Business, or CAB, fee is often much lower than some other services.
Two benefits Check 'n Go has going for it is that it offers online or in-store applications, so you can choose the convenience of not having to leave home to get a loan, or go into the store to apply and get approval and cash in hand before the end of the day. Another is that as an in-store option, you get to work with and speak to people who understand the business and can help you with the process, and answer any questions you may have. Online payday loan services are less helpful in the customer service department.
Check 'n Go is a trusted name in payday loan services, and it offers its customers the convenience of online payday advances, or in-store services for immediate approval and cash. Its rates are similar to other loan services, and its fees are actually a bit lower.