King of Kash offers several types of expensive loans, none of which require credit checks. These loans can be used for any purpose and you do not need to disclose the purpose of your loan in order to be approved. All loans are unsecured, meaning no collateral is needed.
A personal loan can be used for any purpose. Personal loans tend to come with lower interest rates than other types of loans and are intended for borrowers who need immediate financing.
Signature loans come with a simple application and immediate funding. These loans are uncollateralized loans that don’t require a credit check. The only thing required is a borrower’s signature.
Signature loans are intended for borrowers with poor or no credit. Almost anyone can get a signature loan.
An installment loan is a loan that the borrower agrees to repay over time through a set amount of payments. The set payments are referred to as installments. Installment loans usually come with fixed installment dates, rates, and payment amounts, meaning you won’t be caught by surprise.
The length of time can vary from several months to up to 30 years. Installment loans tend to involve longer repayment periods than most other types of loans and target a broad range of borrowers.
A personal line of credit works like a combination of a personal loan and a credit card. You get approved for a certain amount and then you can spend it as you wish, just like any other loan. As you pay off the loan, the amount you are approved for becomes available again, like a credit card.
You can use the money again and again as long as you pay it off in accordance with the company’s terms. You won’t have a line of credit forever, though. The loan usually comes with a set end date and will need to be renewed if you wish to continue accessing funds past that date. Line of credit loans target people who will have continual funding needs over a period of time.
Loan terms offered by King of Kash vary depending on the state you live in and your personal income. Loans terms can vary between 4 and 14 months.
King of Kash’s interest rates vary from state to state, and the full list of the company’s typical rates for each state they operate in can be found on their website. Specific APR information isn’t available for every state, but in the company’s home state of Missouri, King of Kash lists a maximum APR of 1,200%.
If you are unable to determine the standard APR for your state through the website, contact the lender to request an estimate before taking out a loan.
Your first loan with King of Kash will be capped at $800. If you make timely payments, your future loans can increase to a maximum of $3,000. On average, payday loans are under $1,000.
King of Kash has very fast funding. In many cases, you will receive your funds the very same day you get approved for a loan. Few other lenders can promise such a prompt turnaround time for loan payouts, making King of Kash an ideal choice for borrowers who need funding quickly.
Once you have been approved, King of Kash will issue your loan funds in one of the following ways:
Although King of Kash doesn’t perform credit checks, they still have many requirements that borrowers must meet in order to be eligible for a loan.
Some of these requirements include:
You can apply for a loan in one of three ways: online for a fast decision, at one of their physical locations in Missouri, or over the phone.
There is not much information available in terms of the pre-qualification and formal application process for King of Kash. Since the company requires no credit check, the process may not be like most other lenders.
Unlike other lenders, where your credit score will play a major role in what loan terms you are eligible for, there is no need for a pre-qualification step of the process. You don’t need anything other than the above personal information and proof of income to be eligible for a loan through King of Kash.
King of Kash doesn’t charge any origination fees. When you get approved for a loan, you can receive funds without an upfront charge.
King of Kash charges late fees and can also decrease your credit limit and ability to borrow from them in the future if you miss payments. Late borrowers may also be subject to return item fees.
There are no early payment fees. King of Kash lets you repay your loan on your own terms and does not charge you for making payments before the loan due date.
Borrowers have multiple options to repay their loans, including:
If you decide to pay your loan off early, there are no early repayment fees.
While King of Kash doesn’t report late or defaulted borrowers to traditional credit bureaus, they do claim to take advantage of some non-traditional credit reporting agencies to report accounts with negative payment history. Borrowers who do not remain in good standing could have their ability to borrow from other lending agencies affected, even though their FICO credit score may not be directly impacted.
Customers can call 1-800-892-3006 during regular business hours.
You can also use the store search tool on the King of Kash website to find and visit a physical location near you.
King of Kash 8304 Wornall Road Kansas City, MO 64114
A-1 Premium Acceptance Ltd t/a King of Kash 20-22 Wenlock Road, London, N1 7GU
King of Kash is not accredited with the Better Business Bureau with a C+ rating. The Better Business Bureau reports thirteen closed complaints against the company in the past three years and two single-star reviews.
King of Kash has no verified profile on Trustpilot, and therefore no customer reviews available from the website. It is not uncommon for small lenders like King of Kash to have a scarce online presence, as many of their loan applications are filed in person and over the phone.
We recommend that everyone avoid taking a loan from King of Kash, as we recommend for all lenders with lenient standards charing an APR above 36%.
King of Kash’s lack of BBB accreditation and online reviews from reliable sources like Trustpilot makes the company a somewhat risky choice for borrowers. Less information from other borrowers means that you won’t always know what to expect when taking out a loan from King of Kash. However, lax standards for loan approval and quick payout times make King of Kash a good option for borrowers with poor credit history in need of fast funding.
King of Kash Loans was founded in 1978. The company has served thousands of customers and endeavors to create a high-quality loaning business “characterized by integrity and fairness.” Headquartered in Kansas City, Missouri, the company has grown over the last 40 years to serve borrowers in ten different states.
Loans offered by King of Kash tend to be more affordable than title loans and payday loan companies. The company’s clientele is typically borrowers with poor credit.