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FAQS & POLICIES

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.

Virginia Line of Credit FAQ’s

QDoes it cost anything to apply for a line of credit?

AWe do not charge an application fee, but we do charge a $10 membership fee with every billing statement while your line of credit account is open.

QDoes my state offer line of credit?

AYes, Virginia currently offers an online line of credit. To apply, fill out and submit our online application form.

QWhat do I need to apply?

AYou must be 21 or older to apply. To get started, you will need your:

  1. Social Security Number
  2. Proof of income (pay stub, SSI statement, etc.)
  3. A valid email address
  4. Active checking account, open for at least 90 days
  5. Current cell/home and work phone number

QHow much money can I get with a line of credit?

ACheck Into Cash currently offers lines of credit in Virginia ranging from $100 – $800. Your maximum line of credit amount is provided after we process your application.

QHow long does it take to get a line of credit?

AAfter filling out and submitting our easy online application, you can be approved for a line of credit within minutes.

QHow do I get the money?

AOnce you have been approved for a line of credit, you can then choose how much cash you wish to draw from your available credit limit, and the money will be electronically deposited into your active checking account.

QCan I still get a line of credit if I have bad credit?

AEven if you have bad credit, you may still be able to get the money you need from Check Into Cash, so don’t hesitate to apply!

QHow often may I request a cash advance pursuant to my line of credit?

AAs long as your balance has not exceeded your line of credit, you can make as many cash advance requests as you want, whenever you want. Please see your line of credit agreement for details on minimum amount required to process a cash advance.

QDo I have to pay down the full amount of my cash advances each month?

AThere is a minimum payment requirement you must make, just like a credit card. This minimum amount includes the $10 membership fee, 5% of the principal amount you have withdrawn, and any applicable interest on that principal.

QWhat is the interest rate on the money I use?

AWe will charge simple interest on your account at an annual percentage rate of 299.99%, which is the equivalent to a daily periodic rate of 0.8219%.

QHow long does a line of credit last?

AThere is no set term date for a line of credit. So long as your account remains current, you will have access to your line of credit.

QHow do I close a line of credit?

AYou may close your line of credit at any time by calling us at 877-577-7977. Please review your line of credit agreement for more information.

Paperless Statements – Line of Credit

QWhat are paperless statements?

APaperless statements enable to you to receive your account statements electronically in lieu of paper statement which is provided via traditional mail. An email notification will be sent to you each month when your statement is available to view online.

QHow do I sign up for paperless statements?

ATo sign up for paperless statements, select to receive your statements electronically when you open your account. Once you have enrolled, you will receive an email notification each month when your statement is available to view online.

QWill I continue to receive my printed statement in the mail if I sign up for paperless statements?

ANo, when you sign up for paperless statements you will not receive a paper statement in the mail. If you would like to continue to receive your paper statement, please contact us at 877-262-2274 and will process your request.

QIs there a cost associated with receiving paperless statements?

ANo, paperless statements are provided at no cost to our online customers.

QIs there special software required to view my paperless statements online?

AYes, your paperless statement will be provided in PDF format. Thus you will need to have a PDF reader such a Adobe Acrobat Reader™ or Foxit Reader™ installed your computer or device. You may download such software by clicking the link below.

Adobe Acrobat Reader™ or Foxit Reader™

QHow will I know my paperless statement is available online?

AYou will receive an email notification when your new paperless statement is available to view online. This email will contain a link to permitting you to logon to your online account. Once logged in, you will be able to view your current and past (up 12 months) account statements.

QHow do I save or print my paperless statement?

ATo save your paperless statements, click on the print or save function within the PDF reader you are using to view your statement.

QHow secure are paperless statements?

APaperless statements are secure because we do not email you an actual statement. You are required to login to your secure and encrypted online account to be able to view your statement.

QWhat if I sign up for paperless statements and then decide I would like to receive paper statements again?

AYou may decide to receive paper statements at any time at no cost. Contact us to request paper statements at 877-262-2274.

QWho do I call if I have questions about my paperless statements?

AIf you have any questions concerning your paperless statements, please contact us at 877-262-2274.

QHow long will my paperless statements be available to view online?

AOnce logged in, you will be able to view your current and past (up 12 months) account statements. If you would like to receive a copy of statements that are older than 12 months, please contact us at 877-262-2274.

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.