Check Into Cash installment loans are a medium term loan that offers you more money and is paid back over a longer period of time. Typical installment loan repayment terms last 6 to 12 months. Installment loans can be paid early without a pre-payment penalty.
Check Into Cash installment loans are only offered in specific states. Please see the State Center to find out what products are available in your state.
Can I pay my installment loan early? Does it save me money?
Yes. Paying your installment loan before the maturity date is allowed without a pre-payment penalty. Paying your loan early does save you finance charges since interest is charged on a daily basis on any outstanding principal amount.
Does Check Into Cash offer installment loans?
Check Into Cash does offer installment loans, however they only offered in specific states. Please see the State Center to find out what products are available in your state.
How much does an installment loan cost?
The amount of the finance charge for Check Into Cash installment loans is different per loan. This is because the amount of interest charged per loan is based upon the principal loan amount and the length of the loan term.
How much can I borrow with an installment loan?
Check Into Cash offers installment loans from $500 to $3, 000. However, state law generally regulates the minimum and maximum installment loan amount available, therefore ranges are different by state. Please visit the State Center for more information about installment loans in your state. Within the allowed range you will qualify for an amount based on your current income.
What is the difference between a payday advance and an installment loan?
A Check Into Cash installment loan has a longer term than a payday loan and typically has a higher principal loan amount. Also payday loans are designed to be paid off on their due date. With installment loans you make payments during the term of the loan, eventually paying the loan off with your final payment.
How do I get an installment loan?
As part of the application process Check Into Cash will review your information to see if you qualify for an installment loan. If you are conditionally approved for an installment loan we will notify you on the website at the time of submission. Your application could be approved for a variety of products and will be presented with the options to choose between them.
When will my installment loan be due?
Your installment loan payments will be due on your payday.
How long does it take to get an installment loan?
It takes just minutes to fill out our online installment loan application. An approval is given immediately on the website at the time of submission. Once the application is received, a customer service representative will then verify your application information. If all information is verified, your funds will usually be available on the next business day.
Do you check my credit rating for an installment loan?
Yes. We gather information from several risk assessment and national databases.
Can I have a payday advance and installment loan?
No. Check Into Cash only allows you to have one credit product at a time.
How do I qualify for an installment loan?
To be approved for an installment loan, you only need:
- A verifiable source of income
- An open and active checking account
- A working home and/or cell and work phone number
- A valid email address
- Be at least 21 years of age
- Be a citizen or permanent resident of the United States
How do I receive the money?
Once your installment loan is finalized, the money will be electronically deposited into your checking account. Typically funds are received on the next business day.
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Interest on installment loans. Hearing, Ninety-first Congress, first session, on H.R. 255 to authorize banks, savings and loan associations, and other regulated lenders in the District of Columbia to charge or deduct interest in advance on loans to be repaid in installments. April 29, 1969
Book (U.S. Govt. Print. Off.)