Thank you for visiting www.checkintocash.com. For information about our products and services, including assistance with processing an application for credit, please call 877-276-9958 toll-free.Skip to main content
Affected by COVID-19? Here are a few resources to help during this unprecedented situation.
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law to aid individuals and businesses impacted by the COVID-19 pandemic. This bill is the largest of its kind in U.S. history.
Individuals will receive tax credits in the form of a check or direct deposit. No action is required to receive this benefit. This includes $1,200 per adult and $500 per child to individual filers earning less than $75,000 annually, along with other stipulations. Track your Stimulus Check here.
This CARES Act also includes expanded unemployment benefits. Requirements now include self-employed, independent contractors, gig economy workers, and more. To apply, contact your state unemployment office. Find their contact information on the U.S. Department of Labor website.
At this time, mortgage lenders and servicers can provide payment deferral of up to 180 days on federally backed loans. If needed, contact your mortgage provider to discuss deferring mortgage payments.
If you cannot pay rent, talk with your housing provider, as you may be protected under the CARES Act. Read more about COVID rent relief here.
Does your next paycheck feel a bit too far away? Wish there were an easy way to financially bridge the gap? We’ve got you covered with a Payday Loan (also known as a Cash Advance).
What is a Payday Loan?
In a nutshell, a Payday Loan is a short-term loan typically used for emergency expenses. It can provide from a few hundred dollars up to $1,000, depending on your area. Then, simply repay the loan, plus fees, on your next pay date.
Are you still asking yourself, “What is a Payday Loan and why would I need one?” We’ve got answers. Here are a few common questions and qualifications for you.
Getting a Payday Loan is quick and easy. Each state is different, so you may need some or all of the items listed below:
An Active Bank Account
Your Government-Issued Photo ID
Proof of Income
Most Recent Bank Statement
Checking Account + Bank Routing Number
Social Security Number or ITIN
Why Do We Need Your Personal Information?
When you apply for a Payday Loan, loan professionals — known as underwriters — collect a variety of information to determine how much cash you’re eligible to receive through your Payday Loan.
Like with any other financial transaction, every bit of information gathered helps the underwriters have a clear picture of your eligibility. This helps underwriters determine the best Payday Loan amount for your situation.
Additional Information Might Be Needed
Payday Loan laws vary from state to state. So, some states require more documents than others. Because of this, you may have to submit additional information to get approved for your loan.
For example, in states like Illinois, where Payday Loans are heavily regulated, we may require additional documents in order to fund your loan.
Why Would I Choose to Take a Payday Loan?
Payday Loans can be a lifesaver for certain situations. Here are 6 reasons why you may choose to use a Payday Loan:
1. My Credit Isn’t Perfect
Don’t sweat it. Since Payday Loans offer smaller amounts, they’re still an excellent option for those who have less-than-perfect credit. As a result, bad credit isn’t necessarily an obstacle to receiving a Payday Loan.
Some folks prefer not to deal with big banks. And that’s okay. We’re here to help with your financial needs. And we’ll treat you like family, too.
4. I Need Flexible Repayment Options
Instead of having your loan drag on for months or years, a Payday Loan is normally paid in full within two weeks to one month, depending on your next pay date.
5. I Want to Avoid Using Credit Cards
Credit cards can spiral out of control very quickly. If you prefer not to use credit cards in a financial emergency, look no further than Check Into Cash.
Typical Payday Loan Terms
Regardless of how much you borrow with a Payday Loan, the loan terms are relatively similar. As you can tell from the name of the loan, the due date is typically on your next pay date, which is usually within two to four weeks.
When you agree to your loan, you should understand the exact fee you will pay to borrow your funds, which includes interest. When your next payday comes, simply repay the loan and the agreed-upon fee.
Because Payday Loans are created to be short-term fixes that are paid off within a month, the interest rate is typically not a factor. In fact, average fees are around $15-20 per $100 borrowed.
Can You Be Denied for a Payday Loan?
When seeking a Payday Loan, it is possible to be denied. In general, one common reason for Payday Loan denial is an inability to repay the loan. This is done to protect you, the customer, as well as the lender. After all, there is no sense in piling on debt that you will not be able to repay.
If you do not have a steady income, you cannot get a Payday Loan. If you find yourself in this situation, be careful not to pile up debt on credit cards. Instead, contact loved ones or local non-profit organizations to seek the financial assistance needed to make ends meet.
How to Get a Payday Loan Fast
Ready to receive your Payday Loan? All you’ve got to do is go through the short, simple application process, and then relax.
Prefer to apply online? If your state offers Online Payday Loans, your cash should reach your bank account by the next business day. Start your online application.
So, if you need help making it to your next paycheck and are looking for loan options, come to Check Into Cash. We’ll work with you to help determine if a Payday Loan or other loan option can help you get back on your feet.
Learn More About Our Loans
Did you know Check Into Cash provides more than Payday Loans? That’s right, we also allow Check Cashing, Money Transfer, Bill Pay, and more. Discover all we have to offer by clicking below.
Learn How to Exchange Your Gift Cards for Cash Tom Hartford, Senior Editor August 17th, 2020 Affected by COVID-19? Here are a few resources to help during this unprecedented situation. CARES Act On...
Ready to Get Started?
Whether you want to apply for an online loan or prefer to visit your nearest store, it all starts with the click of a button. Click below to take the first step toward improving your financial situation.
The information provided on this website does not, and is not intended to, constitute legal or financial advice. Rather, all information, content, and materials available on this site are only meant for general informational purposes. Information on this website may not include the most up-to-date legal, financial or other information. This website contains links to other third-party websites. Such links are only for the convenience of the reader, user or browser. We do not recommend or endorse the contents of the third-party sites nor are the owners’ such third-party sites recommending or endorsing our services. Check Into Cash is not affiliated with nor endorsed by any of the websites, companies or entities mentioned in this blog. See a licensed attorney for legal advice and see a certified public accountant or financial planner for financial advice. No reader, user, or browser of this site should act or refrain from acting on the basis of information on this site without first seeking professional advice. All liability with respect to actions taken or not taken based on the contents of this site are hereby expressly disclaimed. The content on this posting is provided “as is,” and no representations are made that the content is error-free.
For rates and terms in your state of residence, please visit our Rates and Terms page. As a member of CFSA, Check Into Cash abides by the spirit of the Fair Debt Collection Practices Act (FDCPA) as applicable to collect past due accounts. Delinquent accounts may be turned over to a third party collection agency which may adversely affect your credit score. Non-sufficient funds and late fees may apply. Automatic renewals are not available. Renewing a loan will result in additional finance charges and fees.
For online Customer Support please contact us at 1-877-262-2274.