Very likely. Surveys show that while
most people are good at managing household budgets, many of us need occasional help. An
increasing number of consumers choose a Payday Loan to cover
unexpected expenses or to bridge a short-term cash crunch between
paydays, without incurring revolving debt. A Payday Loan is a
short-term financial management tool that can provide a sensible
alternative to costly bounced checks, late payment charges and
tarnished credit ratings. However, you should evaluate the costs and
benefits of all alternatives before borrowing. Other forms of
short-term credit that may be less expensive include a loan from
another institution or from family or friends, a credit card cash
advance, an account with overdraft protection or a salary advance.
Cash 1 gives you an opportunity to rescind the transaction at no
cost before the end of the following business day by returning the
full amount of the loan.
When an immediate need arises, we’re here to help. But a Payday
Loan is not a long-term solution for ongoing budget management, and it is not intended for repeated use in carrying an individual
from payday to payday. Repeated or frequent use can create serious
financial hardships. Should you need help with budgeting or debt
management, call the National Foundation for Credit Counseling at
1-800-388-2227. The NFCC is a national network of nonprofit Financial Care
Centers™, dedicated to helping people learn how to better budget their
money and use credit wisely. With one toll-free call you will be
connected to the center nearest you.
We respect our customers’ desire for privacy in managing their
personal financial matters. The Payday Loan transaction is
confidential, and we will treat your personal information accordingly.
Cash 1 qualifies you to borrow only an amount you can reasonably
repay from your next paycheck. State law generally regulates the maximum loan amount
available. However, whether or not you qualify for the maximum amount
is determined by your current income.
Select your state below and click on Go, to view the
loan amounts in your state:
Cash 1 charges a small percentage of the face value of the check.
While rates are regulated in certain states, it is our goal to charge
a competitive rate in all locations.
Select your state below and click on Go, to view the
fees for your state:
Cashing a check with Cash 1 is quick and simple. Cash 1 is open
extended hours when most banks are closed. Cash 1 gives you immediate
cash rather than requiring you to wait for days or even weeks while
the bank holds funds for verification. Because it has
become more common for banks to refuse to cash some types of checks,
cashing your check at Cash 1
offers a fast, convenient alternative.
No. Cash 1 does not
obtain a complete credit report and does not require that you have
good credit or, for that matter, any credit history at all. We base
our lending decision on your ability to repay your loan.
The Loan Agreement is a contract between you and Cash 1. It complies with all applicable state or
federal disclosure requirements. It fully outlines the terms of the
Payday Loan transaction, including the cost of the service fee both
as a dollar amount and as an annual percentage rate (APR). Although a
Payday Loan is a short-term financial solution and not intended as
a long-term source of credit, you are provided with the APR as our
practice of full disclosure and compliance with federal law. Cash 1
wants you to have all the information available to make an educated
financial decision.
Because this is a short-term loan rather than a revolving credit
option, Cash 1 requires you to repay your loan in full on the due
date. Some state laws allow rollovers, while most do not. Even where
rollovers are permitted, many companies limit rollovers to four
or the state limit, whichever is less. The limiting of rollovers, where permitted, is a consumer
protection designed to ensure responsible, short-term use of the
service.
We know that it is your intention to repay your loan on the due
date. But in case you can't, Cash
1 is committed to collecting past due accounts in a professional, fair
and lawful manner. If your check is deposited and returned by your
bank due to insufficient funds, Cash 1 may charge a returned check
charge if permitted by applicable law. (You should be aware that most
financial institutions will also charge an NSF fee for a returned
check and in some circumstances might revoke your checking account
privileges.) You will be responsible for full payment of your account,
including the returned check charge. We will contact you to collect
the amount due. If necessary and appropriate, your account may be
turned over to a collection agency.
No. Cash 1 does not pursue criminal actions against customers. Our company policy
is not to pursue criminal actions against a customer as a result of
the customer’s check being returned unpaid. If it becomes necessary
and is appropriate, however, we may seek civil remedies to collect
past due amounts.
Customers often compliment Cash 1 for providing the friendliest and
most professional customer service. But an occasional problem
may arise. If you have a concern that is not resolved to your
satisfaction by the Store Manager, we invite you to call our Customer
Comment Line toll-free at 1-800-683-9683. We welcome the opportunity
to address your concerns. In the unlikely event that your concern
continues to be unresolved at that point, our agreement states that
you can take your issue to small claims court or request arbitration
by a neutral third party who hears both sides of the issue and makes a
binding decision.
