The Check Cashing Store

The Check Cashing Store are helpful solutions for borrowers with less-than-perfect credit or those who don’t want to jump through the hoops of a traditional bank loan, but before you get a payday loan, you should read on for an in-depth review of how these loans work and whether they are right for your situation.

What Are The Check Cashing Store?

The Check Cashing Store are small, short-term loans that are repaid when the borrower receives their next paycheck. These loans have become extremely popular in recent years because of their convenience and ease of use. Payday lenders offer instant approval for any applicant with a steady income, but there are some caveats to consider before applying for this type of loan.

How Do I Apply for a Payday Loan?

Applying for a payday loan is simple and quick — just fill out an application online or at your nearest payday lender location and wait for approval! Once approved, your funds will be deposited directly into your bank account within 24 hours.

How Much Can I Borrow?

You can borrow between $100 and $1,000 with most payday lenders; however, some lenders offer even higher amounts if necessary (up to $2k)

Fees to Get Loans from Payday Loan Online Lenders

When you get a payday loan, the lender will likely ask for some personal information. You will need to provide your name, address, social security number and other identifying factors that can be used to verify your identity.

You will also need to give permission for the lender to run a background check on you with the three major credit reporting agencies: TransUnion, Equifax and Experian. This process is required by law in most states and ensures that you aren’t taking out a loan under false pretenses.

The application fee is small — usually less than $20 — and it’s typically one of the first fees charged when you take out a payday loan online. The application fee usually covers the cost of running your credit report and verifying your identity with Equifax, Experian and TransUnion.

Origination fees are often rolled into the loan amount itself but can also be charged separately if you’re approved for a larger sum than expected. Origination fees are typically calculated as anywhere from 10% to 20% of the total amount borrowed, though some lenders may charge a flat fee instead of percentage-based origination fees. Expect origination fees to fall within this range even if they’re not disclosed upfront by

Steps to take before applying for The Check Cashing Store

Before you apply for a payday loan, there are some important steps to take.

1. Check your credit report and score. To ensure that you’re qualified for the best rates and terms, check your credit report and score before applying. You can do this free of charge on Credit Karma or Credit Sesame.

2. Make sure you have an emergency fund. The Check Cashing Store should not be used as your only source of funding during emergencies — they are meant to cover short-term cash flow issues only when you are unable to meet a short-term need through other means such as savings, personal loans or other financial tools.

3. Make sure you have income and employment documentation in order. Lenders will want to see proof that you have some sort of income coming in (such as pay stubs), so make sure that these documents are readily available (and up-to-date). You’ll also want to prepare an employer verification letter if necessary — this is essentially a letter from your employer stating that they will continue to employ you through the term of the loan (typically one month).

Basic Requirements for Getting an Online Loan

Instant The Check Cashing Store are regulated at the state level, so lenders must follow the guidelines of the states in which they operate. For this reason, requirements to get a payday loan will vary from lender to lender and state to state. In general, however, lenders require several basic things to qualify for a loan:

  • Be 18 years or older with a bank account (some states allow 17 year olds with parental permission).
  • Have steady income that you can track via pay stubs or bank statements.
  • Have access to a checking account or debit card for electronic payments.

While some lenders may require customers to have been customers for a few months before qualifying for instant The Check Cashing Store, others will allow new customers without credit checks or other underwriting requirements just by verifying their income and checking account information.

If you have been rejected, it’s good to know why. Here are some of the most common reasons:

You applied to a lot of jobs. The more jobs you apply to, the more likely it is that one will reject you, even if it’s not a good fit. It’s best to apply for a few jobs at once and wait until you get some responses before applying elsewhere.

Your resume wasn’t great. Check out our guide on how to write a resume and make sure your work experience and skills match what the company is looking for.

You didn’t provide enough information about yourself or attached an inappropriate cover letter. Read through this guide on how to write a cover letter so you can avoid these mistakes in the future!

Your interview wasn’t very good — either because of your own performance or because of something that happened on their end (like bad traffic!). If possible, try again once they’ve hired someone else (if they haven’t already).

Reasons why you might have been rejected

Although the requirements on The Check Cashing Store are more relaxed that with other loans, lenders still deny loan applications if they feel the risk of default on the loan is too high. If your application is declined, it may be because:

You don’t have a regular source of income and your paydays are irregular. Lenders often look at your income history and credit history before approving a loan. If you don’t have a steady paycheck or if you haven’t had an active credit card account for at least two years, it’s unlikely that you’ll be approved for a payday loan.

You have outstanding debt on other loans or credit cards. Some lenders may consider this “overindebtedness” and refuse to process your application. Overindebtedness means being unable to pay off existing debt because there’s not enough money left after paying essential expenses like rent or food.

Your bank account isn’t in good standing or has been closed by the bank due to nonpayment. If you’ve overdrawn your bank account recently or have had several bounced checks, this could be another reason why you might have been rejected when applying for a payday loan

How to Get a Payday Loan Online at The Check Cashing Store

1. Apply for a Payday Loan Online

Go to the The Check Cashing Store website and enter your information into the online application form.

2. Verify Your Financial Information

The Check Cashing Store will verify your identity by asking you to provide a fax number or email address where they can send a copy of your identification. They may also ask you to provide additional proof of identity such as a Social Security card, credit report and bank statements. This process can take up to two business days, but once it’s complete, you’ll be able to move forward with the rest of the application process.

3. Review Your Approval Options

The Check Cashing Store offers several different types of loans including:

Online The Check Cashing Store – These are short-term loans that last anywhere from one week to six months, depending on how much money you borrow and how soon you pay it back. The maximum loan amount is $1,500 per calendar year and lenders may charge as much as $30 in fees per $100 borrowed (that’s equivalent to an APR rate of 300%). However, if you can afford the higher fees and interest rates, an online payday loan may be worth considering because it doesn’t require collateral or credit checks and there are no late fees if you pay off

FAQ

1. Is it safe?

Yes, it is 100% safe. We do not store credit card information on our servers and all transactions are encrypted using the highest level of SSL.

2. How long will it take to get paid?

The Check Cashing Store pays out on Tuesdays and Fridays, so you can expect to receive your money within 2 days of requesting a payout.

3. Is there a minimum payout?

There is no minimum payout amount on The Check Cashing Store, but you must have at least $50 in your account before requesting a payout.

4. What forms of payment does The Check Cashing Store accept?

We accept all major credit cards (Visa, MasterCard, American Express), Google Checkout and PayPal as forms of payment. You can also choose to wire your money directly into your bank account via ACH transfer if you would prefer not to use one of these payment methods!