Check 'n Go is a payday lender operating both online and in stores. They serve borrowers who face life's unpredictable circumstances and need help making ends meet. They offer an easy process and quick decisions on their various loan options and aim to give customers who are often ignored by banks the flexibility to pay bills, cover unexpected expenses, or get back on track.
Founded in Covington, Kentucky, Check 'n Go opened the doors to the first of over 1000 stores in 1994. Now, Check 'n Go has expanded its services to the internet, offering payday loans, installment loans, check cashing, and the Netspend Prepaid Mastercard.
Check 'n Go has grown into an industry leader and is a source of money solutions for real-life problems. Check 'n Go is a founding member of the Community Financial Services Association, an association that monitors consumer protection and promotes responsible lending practices. Check 'n Go Payday Loans is also a part of the Online Lenders Alliance (OLA).
In this article, you'll learn:
There are two main types of loans you can obtain through Check 'n Go: payday and installment loans. Each is suitable for different situations, but both help with unexpected expenses. For this article, we will be focusing on Check 'n Go's payday loans.
Payday loans are convenient short-term loans usually taken out to help with a temporary budget issue or shortage of cash. The loan, which is unsecured, allows borrowers to stretch their monthly budgets if the unexpected happens. They are easy to obtain and have very few requirements. Payday loans are granted for a variety of reasons, including but not limited to:
Check n' Go offers payday loans both online and in brick and mortar locations. Online payday loans are available in:
If you would rather apply for a payday loan in person, Check n' Go has brick and mortar locations in the following states:
Payday loans have, on average, ten-day to two-week terms, but in some states, the term can reach 45 days. The general rule of thumb is that the full payment on the loan is due on the pay period after you take out your loan.
While rates for payday loans may seem incredibly high, federal law requires that the rates or fees of any financial transaction be posted in terms of annual percentage rate (APR). To calculate APR, the universal formula is based on the assumption that the loan term will last at least a year. Because the typical term for most payday loans is only two weeks, the APR will seem very high. For example, if you take out a loan for $100 and incur a $15 fee, the APR is 391%. In reality, the rates are not as outlandish as they seem.
When you take out a Check 'n Go payday loan, there is a one-time, flat fee. This fee varies slightly depending on the amount you borrow and the term of your loan. Check 'n Go payday loan fees are regulated and mandated by the state in which you live. Check 'n Go promises that they charge competitive fees that are within industry standards as well as in compliance with federal and state laws. Based on a 14-day repayment average, fees range between 10% to 25% of the loan amount. When shown as a rate in APR, fees range between 260.71% to 651.79% annually.
When repaying a Check 'n Go payday loan, you will not incur any late fees. However, if Check 'n Go is unable to withdraw funds from your checking account as agreed upon, the payment will automatically be sent to a collections agency. Check 'n Go generally does not collect any additional fees, but in some states, there may be a returned check fee.
Check 'n Go payday loans allow for “refinancing” of your payday loan, but borrowers only have this option in some states. Refinancing in this case enables you to extend the amount of time you have to repay your loan by applying for additional financing. If you choose to go this route, you must first pay off your existing finance charge. Depending on your state, you may also have to pay a portion of the principal on your current loan. There are three options:
The number of times you can refinance your Check 'n Go payday loan will vary depending on your state. Check 'n Go does inform you if you are eligible for refinancing on your account page online, as well as how many times you can take advantage of refinancing.
Check 'n Go payday loan amounts vary by state and are income-based. Sometimes, borrowers may find it easier to secure a higher loan amount when applying online rather than in-store. Generally, Check 'n Go payday loan amounts range from $225 to $1,500.
Check 'n Go payday loan funding time varies depending on your state and whether you are applying online or in-store.
In-store loans typically have a faster turn-around, but coming prepared with all the required documents is key. The approval is instant and done while you wait for the clerk to verify your documents. You will leave with cash in hand.
Online payday loan funding times often depend on whether your state allows no-fax payday loans. Faxless online loans can be completed in mere minutes, with funding occurring on the same day in some cases. The longest funding will take is by the next business day. When faxes are required, the loan cannot be approved until you fax in your required documents. Once you do so and the approval goes through, funds are directly deposited into your account and available the next business day.
Getting a Check 'n Go payday loan is meant to be easy and stress-free. The purpose is to help borrowers in a pinch that may not be able to easily get other types of loans. Qualifying is simple.
One of the most appealing aspects of Check 'n Go payday loans is how quick and easy they are to obtain. There are very few requirements for securing a loan, and almost everyone is approved.
When applying for the Check 'n Go payday loan, you will typically only need the following items:
Depending on your state or situation, you may be asked to provide additional information.
During the loan review process, Check 'n Go does not require a credit check. Due to the quick nature and low financial cap on the loans, credit scores are not factored into whether or not you qualify for a loan.
Repaying your Check 'n Go payday loan is a reasonably straightforward process. The loans are short-term, paycheck-based loans that are paid off in a lump sum.
The borrower's next pay date after the loan is approved is considered to be the payment due date. The borrower will generally owe their payment two weeks from the time the contract is signed.
Check 'n Go payday loans can be paid back in two ways. If you apply online, you will have an automatic withdrawal taken out of your checking account on your next payday. For in-store loans, you will leave a post-dated check for the loan amount plus the service fee. The check will then be deposited on the agreed-upon repayment date. Depending on your state, some other available in-store payment options may include check, cash, debit, or automatic checking account withdrawal.
Check 'n Go does not penalize borrowers for early payment, but the one-time service fee does not change, even if the lump-sum payment is made early.
Check 'n Go payday loans do not require credit checks and do not get reported to the major credit bureaus. However, if your payment is late and your balance is sent to collections, that activity will be reported and can affect your credit score. Check 'n Go does not report any activity in Ohio, Texas, or Illinois.
Online Customer Service Hours: ( all times in EST)
In-store customer service hours vary by location.
Check 'n Go is not accredited by the Better Business Bureau but has an A+ rating as of this article. The BBB has posted an alert warning borrowers of a potential scam involving a spoofer who is using the business's name to solicit customers.
On Trustpilot, Check 'n Go has a TrustScore of 4.7 out of 5 stars and an 83% “Excellent” rating. The next most common rating is “Great,” at 9%. Reviews of Check 'n Go on Trustpilot agree that:
The general theme of the reviews emphasizes a painless process that is well-explained—so there are no hidden factors—and is easy for borrowers.
Check 'n Go is a reputable company with years of experience helping high-risk borrowers find temporary money between paydays. Even though some payday loans get a bad rap, Check 'n Go Payday Loans are up-front, viable, and simple options for borrowers who need short-term financial assistance.