About lender
Approved Cash is an American lender that offers a variety of financial services, including payday loans, installment loans, and title loans. The company was founded in 2004 and is headquartered in Cleveland, Tennessee.
Approved Cash has over 200 locations across several states in the United States, including Alabama, Michigan, Mississippi, Tennessee, and Virginia. The company's mission is to provide its customers with fast and easy access to the cash they need, regardless of their credit history.
One of the key features of Approved Cash is its online application process, which allows customers to apply for a loan from the comfort of their own homes. The company's website is easy to use and provides customers with all the information they need to decide whether to apply for a loan.
Approved Cash offers payday loans, which are short-term loans that are typically due on the borrower's next payday. Payday loans are designed to provide customers with immediate cash when they need it most, such as to pay for unexpected expenses like car repairs or medical bills.
In addition to payday loans, Approved Cash also offers installment loans, which are longer-term loans typically repaid in monthly installments over several months. Installment loans are ideal for customers who need to borrow a larger amount of money and prefer to repay it over time.
Finally, Approved Cash also offers title loans, which are secured loans that use the borrower's vehicle as collateral. Title loans are a good option for customers who own their own vehicle and need to borrow a larger amount of money.
Overall, Approved Cash is a reputable lender that provides a variety of financial services to customers across several states in the United States. The company's commitment to fast and easy access to cash makes it a popular choice for those who need to borrow money quickly. However, customers should carefully consider the terms and conditions of any loan they apply for and make sure they can afford to repay it on time to avoid additional fees and charges.
Key Features
Approved Cash is an American lender that provides various financial services to customers across several states in the United States. Here are some of the key features of Approved Cash:
- Payday loans. Approved Cash offers payday loans, which are short-term loans that are designed to provide customers with immediate cash when they need it most. Payday loans are typically due on the borrower's next payday and are ideal for customers who need to borrow a small amount of money.
- Installment loans. In addition to payday loans, Approved Cash also offers installment loans, which are longer-term loans typically repaid in monthly installments over several months. Installment loans are ideal for customers who need to borrow a larger amount of money and prefer to repay it over time.
- Title loans. Approved Cash also offers title loans, which are secured loans that use the borrower's vehicle as collateral. Title loans are a good option for customers who own their own vehicle and need to borrow a larger amount of money.
- Online application process. Approved Cash has an easy-to-use online application process that allows customers to apply for a loan from their homes.
- Multiple locations. Approved Cash has over 200 convenient locations across several states in the United States, where a branch manager will assist you with what you need.
- Fast approval process. Approved Cash has a fast approval process, which means that customers can often receive their cash the same day they apply for a loan.
- No credit check. Approved Cash does not require a credit check for payday loans, making it a popular choice for customers with poor credit or no credit history.
- Transparent fees and charges. Approved Cash provides customers with clear information about the fees and charges associated with their loans, so they can decide whether to apply for a loan.
Overall, Approved Cash is a reputable lender that provides a variety of financial services to customers across several states in the United States. The company's commitment to fast and easy access to cash makes it a popular choice for those who need to borrow money quickly.
Pros and Cons
Like any lender, Approved Cash has both pros and cons that should be considered before taking out a loan. Here are some of the pros and cons of Approved Cash:
Pros
- Fast approval process. Approved Cash has a fast approval process, which means that customers can often receive their cash the same day they apply for a loan.
- No credit check. Approved Cash does not require a credit check for payday loans, making it a popular choice for customers with poor credit or no credit history.
- Multiple loan options. Approved Cash offers payday loans, installment loans, and title loans, giving customers a variety of options to choose from based on their needs.
- Easy-to-use online application. Approved Cash has an easy-to-use online application process that allows customers to apply for a loan from their homes.
- Transparent fees and charges. Approved Cash provides customers with clear information about the fees and charges associated with their loans, so they can decide whether to apply for a loan.
Cons
- High-interest rates. Like most short-term lenders, Approved Cash charges high-interest rates on its loans, which can make them expensive for customers.
- Potential for debt cycle. Customers who are unable to repay their loan on time may be subject to additional fees and charges, which can make it difficult to pay off their loan and may lead to a debt cycle.
- Limited availability. Approved Cash has locations in only a few states, which may limit its availability for some customers.
- Not a long-term solution. While Approved Cash loans can provide customers with immediate cash when they need it, they are not a long-term solution to financial problems and should not be relied upon as a regular source of income.
Approved Cash can be a good option for customers who need to borrow money quickly and have limited options due to poor credit or other financial constraints. However, customers should carefully consider the fees and charges associated with their loan and ensure that they can repay it on time to avoid additional fees and charges.
Products
Approved Cash offers various financial products to customers, including:
- Payday loans. A payday loan is a short-term loan designed to provide customers with immediate cash when they need it most. Payday loans typically have high-interest rates and are due on the borrower's next payday. There are also known as cash advances.
- Installment loans. Approved Cash also offers installment loans, which are longer-term loans that are repaid in installments over several months. Installment loans can be a good option for customers who need to borrow more money and prefer to repay it over time.
- Title loans. Title loans are secured loans that use the borrower's vehicle as collateral. Customers can borrow money against the value of their vehicle and repay the loan over time.
Overall, Approved Cash provides a range of financial products to help customers meet their short-term financial needs. However, customers should carefully consider the terms and conditions of any loan they apply for and ensure that they can repay it on time to avoid additional fees and charges.
Reliability
Approved Cash is a legitimate lender with over 200 locations across several states in the United States. The company has been in business since 2004 and is committed to providing its customers with fast and easy access to the cash they need, regardless of their credit history.
Approved Cash Advance employees working at its branches undergo training to ensure they have the knowledge and skills necessary to assist customers with their financial needs. The company also has policies and procedures in place to protect the privacy and security of its customers' information. Former employee reviews highlight decent health insurance but state the work was underpaid.
In addition, Approved Cash is licensed and regulated by state and federal authorities, which ensures that the company operates in compliance with all applicable laws and regulations. The company also discloses all fees and charges associated with its loans upfront, so customers can decide whether to apply for a loan.
While no lender is perfect, Approved Cash has generally positive customer reviews and a reputation for providing reliable and professional service. However, customers should carefully consider the terms and conditions of any loan they apply for and ensure that they can repay it on time to avoid additional fees and charges.
Funding a Loan
If you are approved for a loan from Approved Cash, you can receive the funds in one of several ways, depending on the type of loan you have applied for:
- Payday loan. If you have applied for a payday loan, the funds will typically be deposited directly into your bank account. This can happen as soon as the same day you apply for the loan.
- Installment loan. If you have applied for an installment loan, the funds will also be deposited directly into your bank account. However, with installment loans, the funds may be released in multiple disbursements over the life of the loan.
- Title loan. If you have applied for a title loan, most probably, you will receive the funds in the form of a check. You must bring your vehicle to an Approved Cash location to have it inspected and complete the loan process before receiving your funds.
Regardless of the type of loan you have applied for, it is important to carefully review the terms and conditions of the loan before accepting it. This will help you understand when and how you can expect to receive the funds and any fees or charges associated with the loan.
Loan conditions
The loan conditions for Approved Cash loans may vary depending on the type of loan you apply for and the state in which you live. However, here are some general loan conditions that may apply:
- Loan amount. The loan amount you can qualify for with Approved Cash will depend on your creditworthiness, income, and other factors. Payday loans typically range from $100 to $1,500, while installment loans and title loans may allow you to borrow more.
- Repayment terms. Repayment terms for Approved Cash loans will depend on the type of loan you apply for. Payday loans are typically due on the borrower's next payday, while installment loans may be repaid over several months. Title loans may also be repaid over several months, depending on the terms of the loan.
- Interest rates and fees. The interest rates and fees associated with Approved Cash loans will depend on the type of loan you apply for and the state in which you live. Payday loans typically have higher interest rates and fees than installment loans or title loans. It is important to carefully review the terms and conditions of any loan before accepting it to ensure that you understand the fees and charges associated with the loan.
- Eligibility requirements. To qualify for an Approved Cash loan, you must be at least 18 years old, have a regular source of income and have a valid bank account. You may also be required to provide proof of income and identification.
- Repayment options. Approved Cash offers several repayment options for its loans, including in-person payments, online payments, and automatic payments. It is important to understand the repayment options available to you and to make sure that you can make your payments on time to avoid additional fees and charges.
Overall, Approved Cash loans can provide customers with quick access to cash when they need it most. However, it is important to carefully consider the terms and conditions of any loan before accepting it to ensure that you can repay it on time and avoid additional fees and charges.
Additional Services
In addition to the loans offered by Approved Cash, the company also provides its customers with Check cashing services, which allow customers to cash their payroll, government, and personal checks. The company typically charges a fee for check cashing services.
Approved Cash vs. ACE Cash Express
Approved Cash and ACE Cash Express are both lenders that offer payday loans, installment loans, and other financial services to customers. Here are some key differences between the two companies:
- Availability. Approved Cash has locations in several states in the United States, including Alabama, Michigan, Mississippi, Tennessee, and Virginia. ACE Cash Express has locations in 23 states, including Arizona, California, Florida, and Texas.
- Loan terms. The loan terms for Approved Cash and ACE Cash Express loans may vary depending on the state in which you live. However, in general, ACE Cash Express may offer longer loan terms than Approved Cash, with some installment loans that can be repaid over a period of up to 3 months.
- Interest rates and fees. The interest rates and fees associated with loans from Approved Cash and ACE Cash Express may vary depending on the type of loan and the state in which you live. However, ACE Cash Express may generally charge higher interest rates and fees than Approved Cash.
- Additional services. While both companies offer loans, ACE Cash Express also provides a range of additional services, including check cashing, prepaid debit cards, and bill payment services. Approved Cash also offers some additional services, such as check cashing and money orders, but has a more limited range of options.
- Reputation. Both companies generally have positive customer reviews, but there may be differences in the reputation of the companies depending on the state and location.
Overall, both Approved Cash and ACE Cash Express provide customers with a range of financial services. The key differences between the two companies may depend on the customer's specific needs, the state in which they live, and the availability of services in their area. It is important to carefully review the terms and conditions of any loan or service before using it to ensure you understand its fees and charges.
Approved Cash vs. Check into Cash
Approved Cash and Check Into Cash are both lenders that offer payday loans, installment loans, and other financial services to customers. Here are some key differences between the two companies:
- Availability. Approved Cash has locations in several states in the United States, including Alabama, Michigan, Mississippi, Tennessee, and Virginia. Check Into Cash has locations in 20 states, including California, Florida, and Texas.
- Loan terms. The loan terms for Approved Cash and Check Into Cash loans may vary depending on the state in which you live. However, in general, Check Into Cash may offer longer loan terms than Approved Cash, with some installment loans that can be repaid over a period of up to 24 months.
- Interest rates and fees. The interest rates and fees associated with loans from Approved Cash and Check Into Cash may vary depending on the type of loan and the state in which you live. However, Check Into Cash generally charges higher interest rates and fees than Approved Cash.
- Additional services. While both companies offer loans, Check Into Cash also provides a range of additional services, including check cashing, prepaid debit cards, and money orders. Approved Cash also offers some additional services, such as check cashing and money orders, but has a more limited range of options.
- Reputation. Both companies generally have positive customer reviews, but there may be differences in the reputation of the companies depending on the state and location.
Overall, both Approved Cash and Check Into Cash provide customers a range of financial services. The key differences between the two companies may depend on the customer's specific needs, the state in which they live, and the availability of services in their area. It is important to carefully review the terms and conditions of any loan or service before using it to ensure you understand its fees and charges.
Approved Cash vs. Speedy Cash
Approved Cash and Speedy Cash are both lenders that offer payday loans, installment loans, and other financial services to customers. Here are some key differences between the two companies:
- Availability. Approved Cash has locations in several states in the United States, including Alabama, Michigan, Mississippi, Tennessee, and Virginia. Speedy Cash has a wider reach, with locations in 12 states, including Arizona, California, Florida, Texas, and Canada as well.
- Loan terms. The loan terms for Approved Cash and Speedy Cash loans may vary depending on the state in which you live. However, in general, Speedy Cash may offer longer loan terms than Approved Cash, with some installment loans that can be repaid over a period of up to 36 months.
- Interest rates and fees. The interest rates and fees associated with loans from Approved Cash and Speedy Cash may vary depending on the type of loan and the state in which you live. However, Speedy Cash generally charges higher interest rates and fees than Approved Cash.
- Additional services. While both companies offer loans, Speedy Cash also provides a range of additional services, including check cashing, prepaid debit cards, and money orders. Approved Cash also offers some additional services, such as check cashing and money orders, but has a more limited range of options.
- Reputation. Both companies generally have positive customer reviews, but there may be differences in the reputation of the companies depending on the state and location.
Overall, both Approved Cash and Speedy Cash provide customers with a range of financial services. The key differences between the two companies may depend on the customer's specific needs, the state in which they live, and the availability of services in their area. It is important to carefully review the terms and conditions of any loan or service before using it to ensure you understand its fees and charges.
Approved Cash vs. Check `n Go
Approved Cash and Check `n Go are both lenders that offer payday loans, installment loans, and other financial services to customers. Here are some key differences between the two companies:
- Availability. Approved Cash has locations in several states in the United States, including Alabama, Michigan, Mississippi, Tennessee, and Virginia. Check `n Go has locations in more states, including Alabama, Delaware, Idaho, Michigan, Missouri, Oklahoma, South Carolina, Texas, Utah, and Wisconsin.
- Loan terms. The loan terms for Approved Cash and Check `n Go loans may vary depending on the state in which you live. However, in general, Check `n Go may offer longer loan terms than Approved Cash, with some installment loans that can be repaid over a period of up to 12 months.
- Interest rates and fees. The interest rates and fees associated with loans from Approved Cash and Check `n Go may vary depending on the type of loan and the state in which you live. However, Check `n Go generally may charge higher interest rates and fees than Approved Cash.
- Additional services. While both companies offer loans, Check `n Go also provides a range of additional services, including check cashing, prepaid debit cards, and bill payment services. Approved Cash also offers some additional services, such as check cashing and money orders, but has a more limited range of options.
- Reputation. Both companies generally have positive customer reviews, but there may be differences in the reputation of the companies depending on the state and location.
Overall, both Approved Cash and Check `n Go provide customers with a range of financial services. The key differences between the two companies may depend on the customer's specific needs, the state in which they live, and the availability of services in their area. It is important to carefully review the terms and conditions of any loan or service before using it to ensure you understand its fees and charges.
