Check Into Cash Review
Financial emergencies happen. Your car breaks down. An unexpected medical bill comes in the mail. Sometimes you need money and don’t have access to savings or credit card to help. In these situations, you can opt for a payday loan.
Payday loans, also called payday advances and cash advances, are small, short-term, unsecured loans that can range anywhere from $100 to $1000. The maximum amount you can borrow with a payday loan depends on your state. States limit the allowed amount to keep borrowers from taking out too many of these costly loans.
Check Into Cash offers payday loans for borrowers that have an immediate and short-lived financial emergency. Most banks and other financial institutions do not have accommodations for these types of needs. When you know you’ll have the ability to repay the loan by your next payday, a payday loan is a viable option.
You can get a payday loan from a Check Into Cash center in your area. To receive the loan, you are required to post-date a check for the amount you need plus the loan fee. Fees vary from $10 to $30. When your payday comes, you can either pay the amount of the loan in person or Check Into Cash will deposit your check.
If there’s not a Check Into Cash center in your location, you can fill out an online application for a payday loan. Once your application has been received, the loan will be deposited in your account the following business day. When your payment is due, payment will be drafted from your checking account.
You might change your mind about getting a payday loan shortly after you receive it. Or maybe your financial emergency wasn’t such an emergency after all. Check Into Cash allows you to rescind your payday loan within one business day of the transaction, without any cost to you. After that time, you are responsible for repaying the loan plus applicable fees.
Payday loan borrowers should be aware that payday loans aren’t meant to be a permanent fee. If you repeatedly roll over payday loans or make frequent applications for payday loans, you should make sure you aren’t overextending your budget. Having an emergency fund can remove the need to take out payday loans completely.
Check Into Cash is a privately owned company that offers payday loans. The company was founded in 1993 and is headquartered in Cleveland, Tennessee.
Note: We are not affiliated with Check into Cash. This is only a review and consumer information regarding this choice for payday lending.