Check Into Cash payday loans review
This licensed payday lender offers fast online loans, but watch out for short terms and high fees.
finder.com’s rating: 4.5 / 5.0
Bottom line: This payday lender can get you $50 to $1,000 as soon as the day you apply. But rates often top 300% APR and terms can be as short as 14 days. Save Check Into Cash for when you just need a few extra days to cover an emergency expense.
1 to 2 business days
|Product Name||Check Into Cash Payday Loan|
|Loan Term||Varies by state|
|Turnaround Time||1 to 2 business days|
|Costs||Varies depending on the amount and your state of residency.|
|Requirements||Active bank account, government-issued photo ID, proof of income, most recent bank statement, checking account and bank routing number and Social Security Number or ITIN (for Indiana residents only)|
- Loans from $50 to $1,000, depending on the state
- Same-day funding if visit store
- Online application available for in-store loans
- Typical APR over 300%, depending on the state
- Must be over 21 in most states
- Terms usually around 14 days, depending on the state
Anna Serio is a trusted lending expert and certified Commercial Loan Officer who's published more than 1,000 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Business Insider, CNBC and the Simple Dollar feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.
Check Into Cash is a licensed payday lender that specializes in emergency financing for people with bad credit. It offers loans as low as $50 — though this amount is usually only available in stores. And in some states, you can qualify for as much as $1,000.
If you apply in person, you can get your money the same day. Otherwise, it can take up to 24 hours to receive your loan. But it charges a fee that can reach over 1,000% APR in some cases. And loans are often due within 14 days, depending on where you live.
Like with all payday loans, save Check Into Cash for emergencies. If you think you’ll need more time to pay it back, consider another payday lender.
Check Into Cash rates, fees and terms
Like other payday lenders, Check Into Cash doesn’t charge interest on its payday loans. Instead, you pay a flat fee usually of around $15 to $30 per $100 borrowed, depending on your state.
Loans in most states come with a term of 14 days. Based on these fees and terms, the annual percentage rate (APR) on a Check Into Cash Payday loan can be close to 400%. But in some cases, it can top 1,000% APR. Usually, the more you borrow, the lower the rate — though that’s not always the case.
Before you apply, go to the rates and terms page for your state on the Check Into Cash website, as the effective APR varies by state. You can confirm the fees charged and work out the total cost of the loan to make sure it fits your budget.
What is Check Into Cash and is it legit?
Check Into Cash is a legitimate, licensed payday lender that offers loans online and in stores. It also offers title loans, lines of credit and installment loans. Installment loans are similar to payday loans but available at higher amounts and usually give you more time to pay it off.
Since Check Into Cash is one of the biggest payday lenders in the country, it is licensed in every state where it offers payday loans both in person and online. That’s why fees, loan amounts and payment terms vary depending on where you live. And that’s also why it doesn’t offer loans nationwide.
Check Into Cash reviews and complaints
|BBB customer reviews||2.6 out of 5 stars, based on 5 customer reviews|
|BBB customer complaints||28|
|Trustpilot score||4.5 out of 5, based on 918 customer reviews|
|Customer reviews verified as of||11 February 2021|
Check Into Cash gets mostly positive online reviews — especially compared to other payday lenders. Many were happy with the quality of customer service they received at a Check Into Cash location. The few complaints tend to involve technical issues — a few caused borrowers to miss a payment and be charged late fees.
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See how Check Into Cash compares to other payday lenders before you apply for a loan.
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Am I eligible?
Check Into Cash has a few basic criteria you need to meet before you can apply for a loan.
- At least 21 years old, 19 in Alabama
- Active checking account open for at least 90 days
- US citizen or permanent resident
- Active phone number
- Valid email address
You must also live in a state where Check Into Cash offers payday loans.
What states is Check Into Cash available in?
Check Into Cash has stores in 22 states across the US. It serves 28 states overall.
|State||In-store or online||Loans available|
|Alabama||Both||Payday loans, in-store cash advances, title loans|
|Arizona||In-store||Payday loans, in-store cash advances, title loans|
|California||Both||Payday loans, in-store cash advances|
|Colorado||In-store||In-store cash advances, installment loans, title loans|
|Florida||Both||Payday loans, in-store cash advances, installment loans, title loans|
|Georgia||In-store||In-store cash advances, title loans|
|Idaho||Both||Payday loans, in-store cash advances, title loans|
|Indiana||Both||Payday loans, in-store cash advances|
|Iowa||In-store||Payday loans, in-store cash advances|
|Kansas||Both||Payday loans, in-store cash advances, title loans|
|Kentucky||In-store||Payday loans, in-store cash advances|
|Louisiana||Both||Payday loans, in-store cash advances, title loans|
|Michigan||In-store||Payday loans, in-store cash advances|
|Mississippi||Both||Payday loans, in-store cash advances, title loans|
|Missouri||Both||Payday loans, in-store cash advances, title loans|
|Nevada||Both||Payday loans, in-store cash advances|
|South Carolina||In-store||Payday loans, in-store cash advances, title loans|
|Tennessee||Both||Payday loans, in-store cash advances, installment loans, title loans|
|Texas||Both||In-store cash advances, installment loans, title loans|
|Wisconsin||Both||Payday loans, in-store cash advances, installment loans, title loans|
|Wyoming||Both||Payday loans, in-store cash advances|
What information do I need to apply?
Check Into Cash asks for the following information and documents when you apply for a payday loan:
- Bank routing number
- Personal contact information
- Social Security number
- Details about your employment status and income
- Recent pay stub or proof of income
- Government-issued photo ID
- Recent bank statement
If you apply in a store, you can bring a check instead of providing your routing number. Residents of Oklahoma and Indiana might also need to provide proof of a Social Security number.
How do I apply?
You can get started with your application by clicking the Go to site button on this page or going to Check Into Cash’s website. Then, follow these steps to complete the application:
- Fill out the prequalification form with basic information to view your potential rates and terms.
- If you prequalify, view your offer and follow the instructions to complete the application. If you opted to get the loan online, connect your bank account information.
- Wait for a call from a customer service representative to verify the information on your application. Or visit a store if you’ve opted to verify your information in person.
- Wait to receive your funds.
If you apply online, it can take between one to two business days to get your money. If you apply in the store, you can get your funds the same day you apply.
What are my payment options?
Check Into Cash automatically deducts your payment from your bank account the day it’s due. If you need more time, call customer service to request an extension before your due date. Usually, you’ll pay a fee similar to one you paid when you first took out the loan.
But save extensions for real emergencies. The more you extend your loan, the more likely you are to owe multiple times the amount you borrowed. This puts you at risk of getting trapped in a cycle of debt.
Check Into Cash late fees
In many states, Check Into Cash charges a fee of around $25 or $30 if you miss a payment. If you’re more than 15 days late, you might also pay a late fee of around 5% of the loan amount. But these fees, like all other fees, loan amounts and terms, depend on where you live.
More loans and services available through Check Into Cash
Check Into Cash provides customers in certain states secured loans and other financial services. Confirm the service you’re looking at is offered in your state by checking on its website.
- Title loans. If you own a car, you can use the title as collateral for a secured loan, which allows you to borrow more when you need it.
- Line of credit. Lines of credit allow you to borrow as much as you need whenever you need it.
- Installment loans. You’ll typically be able to borrow a larger amount over a longer period with this type of loan.
- Check cashing. You can cash almost any check onto a prepaid debit card or cash.
- Reloadable prepaid cards. Check Into Cash provides prepaid debit cards through Visa that you can reload.
- Sell gift cards. Sell your gift cards for cash — even ones that have been partially used.
- Money transfers. Some stores now have Western Union money transfer services.
- Flex loans. Open-end loans, that act as a renewable credit line, are available for up to $4,00 to Tennessee residents.
See how Check Into Cash compares to other payday lenders — and the alternatives — to make sure you’re getting the best deal available to you.
Frequently asked questions
Answers to common questions about Check Into Cash payday loans.
How many times can you borrow from Check Into Cash?
You can borrow from Check Into Cash as many times as you need. But it only allows you to have one loan out at a time. So for example, if you already have a Check Into Cash payday loan, you can’t apply for a Check Into Cash installment loan or title loan.
Does Check Into Cash affect your credit?
A Check Into Cash payday loan won’t affect your credit if you pay back the loan on time. But if it gets sent to collections, it will show up on your credit report as a charge-off, which will lower your credit score.
How much interest does Check Into Cash charge?
Check Into Cash doesn’t charge interest on its payday loans. Other loan products, like installment loans, title loans and lines of credit typically come with interest. The interest rates available to you vary depending on your state.
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