Check 'n Go Payday Loans Review [2021]

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.
Our Rating
4.0
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Bankrate

Installment Loan Facts

APR
260% to 651%
Minimum Credit Score
300
Loan Amount
$225 to $1,500
Minimum Age
18
Loan Term
14 to 45 Days
Time to Funding
Same Day
Origination Fees
Varies by State
Hard Credit Check
No

Pros and Cons

Pros
  • An easy application process that does not require credit checks
  • Fixed, up-front fees and terms, so you know what to expect
  • A viable option for those with poor credit to get out of a tight spot
  • Fast funding in as little as one day
  • Payment term extension options available through refinancing
Cons
  • Fees can be high
  • Borrowers can sometimes get in over their heads if they do not budget carefully
  • With refinancing options and unlimited loans, borrowers may become reliant
  • There is no grace period for late payments, which are automatically sent to collections

How Check 'n Go Compares

Opploans Logo
Industry Average
Amount
$225 to $1,500
$500 to $5,000
APR
260% to 651%
79% to 299%
Origination Fee
Varies by State
1% to 3%
Minimum Credit Score
300
Any
Time to Funding
Same Day
1 Day
Hard Credit Check
No
Yes

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.

About Check 'n Go Payday Loans

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:

  • The types of loans Check 'n Go offers
  • The amount you can expect to borrow
  • Details on rates, terms, and fees
  • What you need to do to qualify
  • Customer service information

What Types of Loans Does Check 'n Go Offer?

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

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:

  • Budget mishaps
  • Unexpected expenses
  • Bills that would otherwise be late, in order to not incur late fees
  • General cash shortages

Check n' Go offers payday loans both online and in brick and mortar locations. Online payday loans are available in:

  • Alabama
  • California
  • Delaware
  • Florida
  • Hawaii
  • Idaho
  •  Illinois
  • Indiana
  • Kansas
  • Maine
  • Michigan
  • Mississippi
  • Missouri
  • Nevada
  • New Mexico
  • North Dakota
  •  Oklahoma
  • South Carolina
  • Texas
  • Utah
  • Wisconsin
  • Wyoming


If you would rather apply for a payday loan in person, Check n' Go has brick and mortar locations in the following states:

  • Alabama
  • California
  • Delaware
  • Florida
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Mississippi
  • Missouri
  • Nebraska
  • Nevada
  • New Mexico
  • Oklahoma
  • Ohio
  • Rhode Island
  • Tennessee
  • Texas
  • Utah
  • Wisconsin

Check 'n Go Payday Loans: Rates and Terms

Terms

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. 

Rates

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.

Fees

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.

Late Fees

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.

Refinancing

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:

  1. Standard refinancing: You'll pay only the transaction fees due on your previous loan. There will also be additional fees since you are extending the principal for another term.
  2. Step up refinancing: If you qualify for more financing than you have borrowed with your previous loan, you have the option to step up the amount that you are refinancing. This process involves taking out a second loan that is larger than your current one. The money is automatically applied to the principal and fees of your current loan, and the extra cash goes directly to you. However, you are now also responsible for the new loan's larger principal and fees on the next due date.
  3. Pay down refinancing: Some states require this option, which allows you to extend your loan for another term. However, you must pay off your current fees, a part of your principal, and then accept any additional fees that will be charged onto your new principal balance.

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.

Loan Amounts

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.

Time to Funding

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.

Check 'n Go Payday Loan Requirements

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.

Qualifying

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.

Application Documents

When applying for the Check 'n Go payday loan, you will typically only need the following items:

  • A current bank account
  • Proof of income (income can include a job, disability benefits, pension, social security, or some other source)
  • An approved form of ID such as a driver's license
  • An active phone number

Depending on your state or situation, you may be asked to provide additional information.

Credit Scores & Checks

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. 

Repayment

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.

Payment Due Dates

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.

Accepted Methods of Payment

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.

Early Payments

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.

Reporting Payments

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.

The Check 'n Go Payday Loans Customer Experience

Customer Support

  • Phone: 1-800-561-2274
  • Address: 7755 Montgomery Road, Cincinnati, OH 45236

Online Customer Service Hours: ( all times in EST)

  • Monday-Friday: 8 a.m. to 8 p.m.
  • Saturday: 9 a.m. to 2 p.m.
  • Sunday: Closed


In-store customer service hours vary by location.

Customer Feedback and Reports

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 process is quick and easy
  • The representatives go above and beyond to be helpful and explain the process
  • There is no judgment by the representatives during the loan review process

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.

Summary

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.