Check Into Cash Loans Review [2021]

Check Into Cash is a short-term, direct lender that has been operating for more than 25 years. Check Into Cash is a national leader in short-term credit solutions, offering everything from online payday loans to walk-in bill pay.
Our Rating
3.0
Nerdwallet
Credit Karma
Bankrate

Installment Loan Facts

APR
6.69% to 460%
Minimum Credit Score
300
Loan Amount
$100 to $4000
Minimum Age
21
Loan Term
14 Days
Time to Funding
24 Hours
Origination Fees
None
Hard Credit Check
Yes

Pros and Cons

Pros
  • Low barrier to entry for the borrower
  • Fast funding
  • Nationwide availability
  • Online application process
  • Easier for those with bad credit or short-term needs to attain
  • Friendly customer service
Cons
  • High percentage rate
  • Aggressive collections if loans are not paid back as agreed
  • Accelerated payment schedule
  • Risk of vehicle loss with title loans
  • A restricted amount of money that can be borrowed
  • Additional restrictions imposed by federal and state regulations

How Check Into Cash Compares

Opploans Logo
Industry Average
Amount
$100 to $4000
$500 to $5,000
APR
6.69% to 460%
79% to 299%
Origination Fee
None
1% to 3%
Minimum Credit Score
300
Any
Time to Funding
24 Hours
1 Day
Hard Credit Check
Yes
Yes


About the Company

Check Into Cash was founded in 1993 by Allan Jones, a philanthropist, and businessman. Jones is also the founder of Creditcorp and Jones Management Services LLC, and partners with Steve Scoggins (COO) in the daily operations of Check Into Cash. The original company was founded in Cleveland, Tennessee, but has since developed a network of more than 1,000 locations across 30 states.

Jones, via Check Into Cash, was a founding member of the Community Financial Services Association of America, and in 2000, he began the Allan Jones Foundation, designed to support various charitable causes and give back to the Cleveland community.

As a financial company, Check Into Cash focuses on small loan products that can be secured with collateral or paid back quickly by consumers with amenable credit. The company partners with third-party lenders to remain in compliance with state and federal regulations.

In this article, you’ll learn:

  • What kinds of loans/services are offered by Check Into Cash
  • How much can be borrowed
  • Specifics on rates, terms, and fees
  • Borrower qualifications
  • Check Into Cash customer service experience

What Types of Loans Does Check Into Cash Offer?

Check Into Cash offers a variety of loans with a focus on short-term lending products and others secured by collateral.

1. Payday Loans/Cash Advances (Online and In-store)

Payday loans (or cash advances) are designed to be short-term solutions for anyone who needs to borrow a small amount of money until their next pay period. A person can use their employment history and pay stubs to secure a small amount. Check Into Cash offers these types of loans in 22 states, with rates that vary from state to state. These loans are not designed for long-term use.

2. Title Loans

Title loans work by taking out a lien against the title of a vehicle that a consumer owns outright. The title cannot have a previous lien against it, and the vehicle owner must not owe any additional amount on the vehicle. These requirements will be verified by Check Into Cash before a consumer can secure a loan for any amount.

Title loans can only be completed at brick and mortar locations. Representatives of the lender will have to physically see the vehicle and perform a cursory inspection prior to lending any amount.

3. Installment Loans (Online and In-store)

Installment loans are paid back over a slightly longer period of time. These loans can be paid back using weekly, bi-weekly, or even monthly installments with an interest rate attached. Check Into Cash doesn’t offer installment loans in every state, so be sure to check the guidelines for your state of residence.

4. Flex Loans/Lines of Credit

Check Into Cash borrowers in Virginia can apply for lines of credit based on their ability to repay a revolving account. In some other states, Check Into Cash is able to extend a line of credit through flex loans. Again, eligibility for these loans is largely determined by location and all borrowers should check the state-imposed regulations.

Who are These Loan Products for?

Check Into Cash payday loans and cash advances are advertised as a solution for anyone who needs to access up to $1,000 fast. Online products have a turnaround time of 24 hours, while in-store loans can be funded in as little as 15 minutes with the proper documentation.

Installment loans are for people who need more time to pay back a relatively small amount, and who have a steady income and credit background to qualify. Check Into Cash title loans are the largest product offered, and are always secured using a lien against a clear property title (like a vehicle or a home in certain circumstances). Title loans are for anyone who needs a larger amount of cash and who possesses the property necessary to secure the amount being borrowed.

Check Into Cash Loan Details: Rates, Terms, and Amounts

Terms

Check Into Cash offers products that are centered around short-term lending solutions. Payday and cash advance loans are usually required to be paid within 14 days. Repayment for other loan types varies based on borrower and state. Full details on Check Into Cash’s loan terms by state are available on the lender website.

Rates

Annual rates for payday loans or cash advances can exceed 300%, but as with loan terms, rates vary by borrower and by state. 

Check Into Cash offers payday loan rates of up to 460% APR in some states, while the rates on title loans can be as low as 6.99% fixed APR. Before signing on to a loan, be sure to research the average rates for your state and be sure that you fully understand the terms being offered.

Loan Amounts

Check Into Cash isn't designed for long-term, high-dollar loan amounts, and offers small, short-term loans to borrowers who need cash quickly.

  • Payday Loans/Cash Advances: For payday loans and cash advances, Check Into Cash has a loan cap of $1,000 in most states. The loan cap may vary by location.
  • Title Loans: The company has a lending cap of $25,000 for a title loan secured with a vehicle lien. The amount of the title loan can vary from location to location, but is largely based on the value of the vehicle.
  • Installment Loans (Online and In-store): Installment loans start at $100 and have a cap of $3,000 with longer repayment terms. The amount is determined by the borrowers' ability to pay back the amount in a reasonable time frame and general creditworthiness.
  • Flex Loans/Lines of Credit: Check Into Cash offers lines of credit up to $1,500 for borrowers based in Virginia. Flex loans for borrowers in other locations are usually capped at $4,000.

Borrower Qualifications for Check Into Cash Products

Check Into Cash does not list a minimum credit score or any required credit history for taking out a loan. The lender offers loan options to borrowers with bad credit history, though a hard credit check may be necessary before being approved for a loan. Specific details on credit requirements vary by state, so borrowers should contact the lender with any questions about the credit check or pre-qualification process before applying for a loan.

1. Payday Loans/Cash Advances

Check Into Cash online and in-store cash advances and payday loans both require similar documentation for a borrower to secure funding. These loans are paid back when the borrower receives their next paycheck and are secured by proof of ongoing employment. 

Borrowers must be at least 21 years of age in most states, and will be asked to provide the following information:

  • Social security number
  • Government-issued driver’s license or photo ID
  • Personal checking account number
  • Personal bank’s routing number
  • Proof of income, in the form of a pay stub or other proof of income (Social security, etc.)

2. Title Loans

Title loans are for anyone who has a clean title to a running vehicle. The borrower will be asked to input the vehicle's information to get an initial appraisal and to provide proof that the vehicle is in the condition promised.

Borrowers are also required to provide:

  • Proof of identity
  • Social security number
  • Government issues driver's license or photo ID
  • The title to a running vehicle
  • Proof of income
  • Any additional documents required by state regulations

3. Installment Loans

Installment loan qualifications are also dictated by federal and state regulations. The borrower will need to provide the same documentation as payday loan or cash advance requirements, but may also be subject to additional credit checks. Installment loans are unsecured, and the borrower will need to meet income and credit requirements to be approved online or on-site.

4. Flex Loans/Lines of Credit

Eligibility for flex loans and lines of credit varies from state to state. On average, the lender will require:

  • Social Security Number
  • Proof of Income
  • Valid email address
  • Active checking account, open for at least 90 days
  • Current cell/home and work phone number

The Check Into Cash Customer Service Experience

The Check Into Cash application process is simple and involves a few simple steps for online cash advances/payday loans and installment loans. The borrower’s state will determine the documentation necessary to move forward, and the loan can be funded in as little as 15 minutes in-store or 24 hours online. 

Customer Support

Check Into Cash customer support can be reached during normal business hours in any of their 1,000 stores across 30 states. In addition to in-store support, customers can also reach support representatives through any of the channels outlined below.


Physical Location of the Customer Service Department:
201 Keith Street – Suite 80
Cleveland, TN 37311


Online Loan Customers:
Phone: 877-577-7977
Fax: 877-577-7978


In-Store General Support:
877-262-CASH (2274)


Email Check Into Cash:

customersupport@checkintocash.com

Customer Feedback and Reports

Check Into Cash has a 4.5-star rating on Trust Pilot with a 78% "Excellent" rating. Common descriptions include:

  • Great customer service
  • Friendly employees
  • Prompt service
  • Consistent and easy to use

Check Into Cash is not accredited by the Better Business Bureau, but many state divisions of the lender have been given an A+ rating by the BBB.

Summary

Check Into Cash is a nationally recognized lender for short-term payday loans, cash advances, installment loans, and title loans. The company offers a wide range of additional products decided by the state the borrower resides in. In spite of high rates and variable terms, Check Into Cash is widely used as a solution for anyone who can't get or doesn't want a traditional bank loan.

Check Into Cash has been operating in the U.S. for over 25 years, and has a reputation as a stable and trustworthy lender for those who don't need large sums or who have less than perfect credit. Customer service has an excellent rating and the application process is both simple and fast.