Navigating your loan journey can be difficult and even scary sometimes. But we want to make things as easy as we can. Here, you’ll find commonly asked questions along with helpful answers and guidance.
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Can I still get an Installment Loan even if I have bad credit?
Yes. Even if you’ve had bad credit in the past, or still have less-than-perfect credit, you may still be eligible for an Installment Loan from Check Into Cash. If you meet our basic eligibility and underwriting requirements, you could still receive the quick money you need, so don’t hesitate to apply.
How do I receive money for my Installment Loan?
If you apply in a store, you will receive same-day cash and walk away with your money, once approved.
If you apply online, your funds are electronically deposited directly into your active checking account, once approved.
Can I have a Payday Advance and Installment Loan at the same time?
No. Check Into Cash only allows you to have one credit product at a time.
Do you check my credit rating for an Installment Loan?
Yes. We gather information from several risk assessment and national databases.
How long does it take to get an Online Installment Loan?
It takes just minutes to fill out our Online Installment Loan application. After you apply, you will receive your loan decision notice by email. You may receive a call from a customer service representative shortly thereafter.
Do I have to send in documents for an Online Installment Loan?
You may need to provide more information, such as a bank statement and/or pay stub, in addition to your Online Installment Loan application.
When will my Installment Loan be due?
Installment Loans have longer payback terms compared to Payday Loans. So your scheduled payments are spread over weeks or even months. These due dates are aligned with your pay schedule, too.
What’s the difference between an Installment Loan vs. Payday Loan?
A Check Into Cash Installment Loan has longer repayment terms and typically higher principal loan amounts compared to Payday Loans.
Also, while Payday Loans are designed to be paid off on their specific due date, an Installment Loan involves regular scheduled payments spread out over weeks or months.
Why would I need an Installment Loan?
Installment Loans can provide more money to take care of larger purchases. Perhaps you need a new appliance, a house or car repair, want to consolidate debt, or just need extra money this month. An Installment loan can help cover some of life’s larger costs.
What do I need to apply for an Installment Loan?
Where available, each state has its own Installment Loan requirements. You may need some or all items below: An Active Bank Account, Government-Issued Photo ID, Proof of Income, Most Recent Bank Statement, Social Security Number/ITIN
How much money can I borrow?
State laws regulate the maximum Installment Loan amount. These typically range from $50 to $5,000, depending on your state. The Installment Loan you receive is based on your eligibility and ability to repay.
Can I pay my Installment Loan early? Does it save me money?
Yes, you can pay your Installment Loan before the maturity date without a pre-payment penalty. Plus, paying your loan early saves finance charges since interest is charged daily on an outstanding principal.