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Check Into Cash Review

Check Into Cash is a reputable lender with a huge amount of physical stores across 30 states

Our Verdict

Check Into Cash is one of the bigger names in the payday loan industry, a popularity which is partly due to its many locations, it is currently among the most widespread of the payday loan companies in the United States. Lending rates are around industry standard, and the company receives generally positive reviews. As with all short-term loan companies though, they should only be used as a last resort when other loan options have been exhausted.

For

  • 1,100 physical storefronts, operational in 30 US states
  • Straight forward quote process
  • Funds delivered within two business days for online applications
  • Funds available in person for in-store applications

Against

  • Rates are average, but cheaper options can be found

Check Into Cash: What you need to know

Check Into Cash was founded in 1993 in Tennessee. The company is a direct lender with physical stores across 30 US states as well as phone and online services. 

It specializes in providing online payday loans, in-store cash advances, in-store title loans and check cashing among other financial services. It typically serves customers who have come up against unexpected expenses, need to get an advance on a pay check or who have other short-term financial assistance needs. 

The company offers loans to people with low credit ratings and their loan amounts range from $50 to $1,000, although first-time customers can usually only borrow up to $750 (or their state maximum). You can see how it compares to other lenders in our round-up of the best payday loans.

Editor’s Note: Even the best online payday loans are a bad idea overall. If you are looking for a payday loan to pay bills or other expenses, we recommend exploring getting a personal loan instead. Before applying for a payday loan for an emergency expense, we recommend considering a cash advance on your credit card or an overdraft line of credit. 

Check Into Cash: Loan costs

  • Rates of interest are variable
  • Customers must also reside in one of the 30 states where it operates

Rates of interest are variable down to the individual’s specific financial circumstances and geographic location. For our purposes, we took a quote for a married, 45-year old man with two children and no credit rating. We sought to borrow $500 for their maximum total period of 31 days. The total repayment quoted was $625, equaling a total charge of $125, this being equivalent to an Annual Percentage Rate (APR) of 399%. 

To qualify for a Check Into Cash payday loan, customers must have a Social Security number, some proof of identity and of regular income as well as a checking account. Customers must also reside in one of the 30 states where Check Into Cash operate. 

Check Into Cash: Products

  • Credit check is run on new customers
  • Does not typically penalize customers for early repayments

Check Into Cash offers a one-month, single payment payday loan solution for people with low credit. 

Customers must usually have a credit score of between 300 and 700 to qualify as eligible, and a credit check is run on new customers. Customers with low credit can also apply for installment loans (typically larger amounts paid back over a number of months or years) and title loans, where customers use their vehicle as collateral on a larger loan (up to $25,000). Check Into Cash do not typically penalize customers for early repayments. 

Check Into Cash: Quote process and delivery of funds

  • Over 1,100 stores across 30 states
  • Decision made normally within an hour

Check Into Cash offers customers various options when they want to secure a quote for a payday loan. Since it has over 1,100 stores across 30 states, it’s relatively easy to apply for a payday loan in person. Customers living in eligible states can, of course, also apply online through the website, or over the phone with one of its customer service agents. 

Customers - even those applying for the first time with Check Into Cash - are typically informed of a decision on their payday loan application within an hour of the initial query. If successful, the agreed funds can be delivered to the customer’s checking account within two business days. If applying in person at one of its stores, the funds can sometimes be made available immediately. 

One of the best features about Check Into Cash is the relative widespread availability of physical stores. As stated, the company has over 1,100 places of business, so it is much easier to apply for a payday loan in person than with many of its competitors. Something which many customers prefer.  

Check Into Cash: Usability and user reviews

  • Accredited with the Better Business Bureau
  • Founding member of the CFSA

Check Into Cash has been accredited with the Better Business Bureau since 2000, and the institution currently awards them an excellent A+ rating. 

Check Into Cash is a founding member of the payday loan industry’s national trade association, the Community Financial Services Association of America (CFSA). The company states that the CFSA, in association with Check Into Cash, has created consistent and widely-applied ‘best practice’ standards for all association members. 

The website is very easy to navigate, and payday loan applications only require a basic amount of personal information during the early stages. Customers can also check boxes so that they do not receive a huge amount of sales calls.   

Check Into Cash: Verdict

It’s important to note that all short term, payday loan solutions are among the most expensive forms of borrowing money, and they should only be used as a last resort. 

Check Into Cash is a relatively well-known brand, and the large number of physical storefronts is reassuring to many customers. Its rates fall well in line with industry averages, and funds can be made immediately for customers applying for payday loans in person. It is as reputable as any of the major names in the industry, and at least states its commitment to best practices and ethical behaviour.