About Company
A-1 Cash Advance, or A1 Cash Advance, is a reliable provider of in-store payday loans, catering to the financial needs of individuals in Indiana and Tennessee who encounter unforeseen expenses between paydays. Specializing in payday advances, A-1 Cash Advance offers a swift and convenient solution for those situations where traditional banks and financial institutions may not provide immediate assistance.
Securing a payday loan or payday advance from A-1 Cash Advance is a streamlined process, eliminating the need for prolonged waiting periods. To initiate the process, individuals are required to present a valid photo ID along with current bank statements. Additionally, proof of a steady income source is essential to facilitate the loan approval process.
Key Features
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Regional Focus. A-1 Cash Advance operates exclusively in Indiana and Tennessee, catering to the financial needs of residents in these states.
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Online Approval. One of the standout features is the online approval process. A-1 Cash Advance facilitates a streamlined and efficient online application process, ensuring convenience for individuals seeking financial assistance.
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Availability 24/7. The application process is available round-the-clock, allowing individuals the flexibility to apply for financial assistance at any time, day or night.
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No Credit Check. A distinguishing feature of A-1 Cash Advance is its commitment to providing financial solutions without the need for a credit check. This inclusive approach ensures that individuals with various credit histories have access to the assistance they need.
Pros and Cons
Pros
Cons
Reliability
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Licensing. A-1 Cash Advance is licensed by the Department of Financial Institutions in both the State of Indiana and Tennessee. This licensing indicates that the company operates within the legal framework established by these states, ensuring that it adheres to regulatory standards and guidelines.
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CFSA Membership. A-1 Cash Advance is a member of the Community Financial Services Association (CFSA). Being a member of this association is a positive indicator as CFSA members are expected to uphold a set of best practices and ethical standards in the payday advance industry. This membership reflects a commitment to responsible lending practices and customer protection.
How to apply for an A-1 Cash Advance loan?
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Visit the Website. Go to the A-1 Cash Advance website.
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Click "Apply Now". Locate and click on the "Apply Now" button on the website.
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Enter Personal Information. Fill in your name, email address, phone number, and select your state.
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Click "Submit". After entering your basic information, click the "Submit" button to proceed.
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Enter Loan Details. Specify the desired loan amount you are applying for.
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Provide Personal Details. Enter your address, date of birth, duration of residence, driver's license number, and Social Security Number (SSN).
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Provide References. Include references as part of the application. This may involve providing the names and contact information of individuals who can vouch for your reliability.
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Employment Information. Enter details about your employment, such as your current job, employer's name, and how long you've been employed.
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Funding Details. Specify where you would like the funds to be deposited. Provide the necessary banking information for a smooth transaction.
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Submit Application. Review the information you've entered for accuracy, then submit your application.
Conditions and Requirements
Conditions
In Indiana, payday loans range from $50 to $715, with an APR (Annual Percentage Rate) between 322.70% and 391.07%. The associated fees fall within the range of $15 to $88.50, and the repayment term is set at 14 days.
For Tennessee residents, payday loans are available in amounts from $50 to $425, with a fixed APR of 443.21%. The fees for these loans range from $17 to $72.25, and, similar to Indiana, the repayment term is 14 days.
Additionally, A-1 Cash Advance provides title loans in Murfreesboro, Tennessee, ranging from $200.00 to $2,500.00.
These conditions outline the specifics of each loan type, encompassing loan amounts, APRs, associated fees, and terms. It is imperative for potential borrowers to thoroughly comprehend these conditions and ensure that they align with their financial circumstances before considering any loan from A-1 Cash Advance.
Requirements
A-1 Cash Advance has outlined minimal requirements for loan applications, as stated on their website. While the website lacks detailed information, it mentions that applicants need the following:
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Photo ID. A valid photo ID is required as part of the application process. This could be a driver's license, state-issued ID, or another acceptable form of identification.
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Current Bank Statement. Applicants are required to provide a current bank statement. This document helps verify financial stability and may be used to facilitate the loan transaction.
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Proof of Income. A-1 Cash Advance requires proof of income. This could include pay stubs, bank statements showing regular deposits, or other documents demonstrating a steady income source.
In addition to these specific requirements mentioned on the website, it's common for lenders to have general eligibility criteria. While not explicitly stated, some general requirements for payday loans and similar financial products may include:
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Age Verification. Applicants are typically required to be at least 18 years old.
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Residency Status. Proof of residency may be necessary, often in the form of a utility bill or other official documents.
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Active Bank Account. While not explicitly mentioned on the website, having an active bank account is a common requirement for loan transactions.
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Contact Information. Applicants may need to provide a valid phone number and email address for communication purposes.
Ways to receive the money
A-1 Cash Advance typically disburses the borrowed amount to borrowers by depositing it directly into their bank accounts. This method of fund transfer provides a quick and convenient way for borrowers to access the funds they need. Once a loan application is approved, and the borrower has provided the necessary banking information, A-1 Cash Advance initiates the transfer of the approved amount directly into the specified bank account.
Products
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Payday Loan Services. A-1 Cash Advance provides payday loans, offering a quick and accessible solution for individuals facing unexpected financial challenges between paychecks.
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Check Cashing Services. The company offers check cashing services, providing a convenient way for individuals to access funds without the need for a traditional bank account.
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Prepaid Visa or Mastercard. A-1 Cash Advance offers prepaid Visa or Mastercard options, providing customers with a flexible and convenient alternative for managing their finances.
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Title Loans in Tennessee. In Tennessee, A-1 Cash Advance extends its services to title loans, allowing individuals to leverage the value of their vehicle for additional financial support.
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Online Loans in Indiana. Exclusive to Indiana residents, A-1 Cash Advance offers online loans, providing a digital solution for those seeking financial assistance.
Other Loans
Alternatives
Speedy Cash
Speedy Cash is a financial services company that provides various lending options, including payday loans, installment loans, and lines of credit. They operate in multiple states, offering a range of services to meet short-term financial needs.
World Finance
World Finance is a consumer finance company that offers installment loans with fixed rates and terms. They aim to provide small, manageable loans to individuals who may not have access to traditional banking services.
Mariner Finance
Mariner Finance specializes in personal loans, offering a variety of loan products, including personal loans and secured loans. They have branches in multiple states, providing financial solutions to individuals with different credit profiles.
ACE Cash Express
ACE Cash Express is a national financial services company offering payday loans, installment loans, check cashing, and other services. They have multiple locations in Indiana, providing convenient access to financial solutions.
Editorial Opinion
Important
How to Choose a Lender
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Make sure to confirm whether the lender is licensed to operate in your state. You can verify this information with your state regulator or attorney general.
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Check if the lender is a member of a reputable association, such as the Community Financial Services Association of America. Membership in such organizations may provide an extra level of reliability.
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Carefully review all the terms and conditions of your payday loan contract.
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Thoroughly examine the interest rates on payday loans and ensure that your contract includes a detailed breakdown of the total cost of the loan.
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Take advantage of your right of rescission. Usually, you can rescind the loan within three days after signing the agreement. Alternatively, there is typically a "cooling-off" period, which allows you several days to thoroughly review the contract before making an informed decision to enter into a consumer loan agreement based on the terms specified by the lender.
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Choosing a payday lender is a significant decision that demands careful consideration and a good understanding of how such organizations operate.
Methodology
At Finanso, we've carried out a comprehensive analysis of over 100 lenders, assessing them based on 35 different parameters across six key categories: accessibility of loans, customer relations, quality of service, interest rates, and transparency of conditions.
In each category, we carefully considered the most critical factors in selecting a lender. These factors include the interest rates, available loan amounts, minimum credit score, minimum income, application fees, and the speed at which funds are transferred.
At Finanso, we highly value our users, which is why we also focus on the quality of customer service, user reviews, and additional features that can aid our users in making a well-informed decision.
Our ultimate goal is to provide insightful recommendations and expert advice to assist you in selecting a lender that best caters to your specific needs.
