We know payday loans and cash advances can get confusing. Our goal is to make this process as quick and painless as possible. Below are some of our most commonly asked questions and policies.

Cash Advance Loan FAQs

QWhat is a cash advance?

AA cash advance is a short-term, small dollar advance that covers unexpected expenses until your next payday. You simply write a check for the amount of cash you want plus the fee. We hold your check until your next payday, at which time you can come in and pay back the advance. *A single payday loan or cash advance is typically for two to four weeks. However, borrowers often use these loans over a period of months, which can be expensive. Payday loans and cash advances are not recommended as long-term financial solutions.

QHow much will I be able to get?

AState law generally regulates the maximum advance amount available – the range is generally between $100 and $1,000. Within the allowed range, you will qualify for a particular advance amount based on your current income or additional state requirements. Unfortunately, you may not be able to get as much as you’d like; however, a cash advance from Check Into Cash may be part of your financial solution. We want to help you use your cash advance responsibly, and make sure that you have the ability to repay.

QWhy do people use cash advances?

AAn increasing number of payday consumers choose to get a cash advance to cover unexpected expenses in between paydays without incurring revolving debt. Check Into Cash is offering you a short-term, small dollar credit option that may provide a sensible alternative to costly bounced checks from other merchants, late payment charges from other creditors, and tarnished credit ratings.

Make sure to evaluate the costs and benefits of alternatives before borrowing money from Check Into Cash. Some other forms of short-term credit may be less expensive – such as a loan from another institution, asking for help from family or friends, a credit card cash advance, account overdraft protection with your bank, or a salary advance from your employer.

QWhat happens if I change my mind after taking out a cash advance?

AAs a founding member of the Community Financial Services Association of America (CFSA), Check Into Cash follows a set of Industry Best Practices – and in some cases, state law – that enables you to rescind the transaction at no cost before the end of the next business day by returning the full amount of the advance.

QHow much does an in-store cash advance cost?

AThe fee from Check Into Cash is competitive and in compliance with applicable state or federal law. It is our goal to offer you the best service at the best price possible!

A typical payday loan can be less expensive than many other alternatives.*

• $100 cash advance with a $15 fee = 391% APR**

• $100 credit card balance with a $37 late fee = 965% APR**

• $100 utility bill with $46 late/reconnect fees = 1,203% APR**

• $100 bounced check with $54 NSF/merchant fees = 1,409% APR**

*Other costlier alternatives to a two week cash advance were obtained from bankrate.com.
**Based on a fourteen (14) day advance with one (1) payment.

QHow do I qualify for a cash advance or payday loan?

ATypically, all you need to bring into one of our cash advance stores is:

• A current pay stub or some other form of income

• A state or federally-issued photo ID

• Your most recent active bank checking statement

• A Personal Check

Please Note: Oklahoma and Indiana residents must provide proof of a social security number

QCan I fill out my application for a cash advance online?

AYes! We are now offering online in-store applications that you can print, fill out at home, and bring to our store for ever faster service from Check Into Cash. Bring in the applications, required paperwork, and your photo ID and you’ll be on your way to getting fast cash now.

The Annual Percentage Rate (APR) for payday loans varies in each state and depends on the advance amount, fees, and terms of the transaction. The APR for a $100 single-payment payday loan may range from 260.71% to 782.14% on 14 day terms. 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.