About Company
Easy Money, a locally-owned and family-run business, has been a cornerstone of financial services in western Kentucky and eastern Missouri since its establishment in 1997. Over the past two decades, the company has flourished, owing its success to a dedicated staff and a loyal customer base. Grounded in a set of values and a small business ethos, Easy Money has remained steadfast in its commitment to the prosperity of the local community.
What sets Easy Money apart extends beyond its financial services. The Easy Money family actively engages with the community, volunteering at numerous nonprofit organizations throughout the year. Furthermore, the company contributes donations and sponsorships to various local organizations annually, embodying a genuine dedication to the well-being of the community it serves. This unique blend of financial expertise and community engagement has solidified Easy Money's reputation as a trusted and socially responsible financial partner for the residents of Kentucky and Missouri.
Key Features
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Diverse Financial Services. Easy Money offers a range of financial solutions, including cash advance loans in Kentucky and Missouri, and installment loans specifically available in Missouri. This diversity allows the company to cater to a broad spectrum of financial needs for its customers.
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Transparent Loan Requirements. Whether applying for a cash advance or installment loan, Easy Money maintains transparency in its requirements. From recent bank statements and pay stubs to proper identification, the company ensures a straightforward and clear application process.
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Gold and Silver Purchases. In addition to loans, Easy Money provides a convenient solution for those looking to sell unwanted gold, silver, platinum, and coins. The company promises top-dollar cash payments, offering a hassle-free way for customers to liquidate precious metals.
Pros and Cons
Pros
Cons
Reliability
Easy Money has established itself as a reliable financial services provider in the regions of western Kentucky and eastern Missouri since its inception in 1997. Over the past two decades, the company has consistently demonstrated a commitment to reliability, a factor that has contributed significantly to its enduring success. The emphasis on a locally-owned, family-run business model has fostered strong ties with the community, reinforcing the perception of Easy Money as a trustworthy and dependable resource for financial assistance.
Customers have come to rely on Easy Money not only for its financial products, such as Cash Advance Loans and Installment Loans, but also for its transparent and straightforward processes. The company's adherence to ethical practices, coupled with a customer-centric approach, has built a reputation for reliability that extends beyond its diverse range of financial services. Easy Money's longevity and positive community impact further affirm its standing as a dependable option for individuals seeking financial support in Kentucky and Missouri.
How to apply for an Easy Money loan?
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Visit a Local Branch. Head to the nearest Easy Money location in western Kentucky or eastern Missouri.
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Bring Required Documents. Ensure you have the necessary documents, including a state-issued photo ID (such as a driver’s license), Social Security Card, and additional documents based on the type of loan: for Cash Advance loans it would be a bank statement, blank check, and recent pay stub. For Installment Loans (Cape Girardeau office only), it would be a driver’s license, Social Security Card, last 30 days’ bank transaction statement, blank check, last official pay stub, and, for Social Security customers, a rewards letter dated within the last 30 days.
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Verification of Information. Double-check that all information provided, including addresses, matches on all documents.
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Speak with a Representative. Approach an Easy Money representative at the branch to discuss your loan needs and present your documentation.
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Loan Application Process. Complete the loan application process, which may involve providing additional details and filling out necessary forms.
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Wait for Approval. Allow Easy Money to review your application and documents. Approval times may vary.
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Loan Terms and Agreement. If approved, carefully review the loan terms and agreement provided by Easy Money. Make sure you understand the terms and conditions.
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Sign the Contract. Sign the loan contract, indicating your agreement to the terms and conditions set by Easy Money.
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Receive Funds. Once the paperwork is complete, if approved, you'll receive the loan funds either in cash or through the specified method.
Conditions and Requirements
Conditions
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Loan Types. Easy Money offers cash advance loans in both Kentucky and Missouri. Installment loans are available at the Cape Girardeau office in Missouri.
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Payment Due Dates. In Kentucky, payment for cash advance loans is due in full on the contract due date, typically scheduled on the borrower’s next payday. In Missouri, borrowers can make scheduled payments until the loan is repaid, with the final repayment made in cash at the store on the contract due date.
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Check Redemption. In Missouri, if the borrower does not repay the loan, Easy Money redeems the check provided as collateral.
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Gold and Silver Purchases. Easy Money buys unwanted gold, silver, platinum, and coins, providing customers with an additional service option.
Requirements
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Identification. State-issued photo ID, such as a driver’s license. Social Security Card.
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For Cash Advance Loans. Bank statement or printout from an active checking account (dated within the last 30 days), lank check from the same account as the statement. Most recent employee pay stub (dated within the last 30 days) or verifiable direct deposit and ACH payment on the bank statement.
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For Installment Loans (Cape Girardeau office only). Driver’s License or state-issued photo ID, Social Security Card, last 30 days’ bank transaction statement, checking account with a local bank (open and active for at least 90 days), blank check, last official pay stub, rewards letter dated within the last 30 days for Social Security customers.
Ways to receive the money
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Cash Payment. If preferred, borrowers can receive the loan amount in cash directly at the Easy Money store upon approval.
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Direct Deposit. For added convenience, borrowers may opt for direct deposit into their active checking account. This electronic transfer allows for quick and secure access to the loan funds.
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Check Issuance. In some cases, borrowers may receive the loan amount in the form of a check. This check can be cashed or deposited into their bank account as per their preference.
Products
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Cash Advance Loans. Available in Kentucky and Missouri. Repayment is due in full on the contract due date in Kentucky. Missouri borrowers can make scheduled payments until the loan is repaid.
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Installment Loans. Specifically available at the Cape Girardeau office in Missouri. Requires a local bank account open and active for at least 90 days. Repayment involves making scheduled payments until the loan is repaid, with the final payment made in cash at the store on the contract due date.
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Gold & Silver Purchases. Easy Money buys unwanted gold, silver, platinum, and coins. Customers can bring in these items and receive top-dollar cash in return.
Other Loans
Alternatives
Ace Cash Express
A reputable provider of financial services, Ace Cash Express, caters to individuals confronting emergencies or unforeseen expenses by offering installment loans in multiple states. In Delaware, borrowers can access up to $2,000, while in Florida, Missouri, and Texas, loan amounts range from $100 to $2,000. This adaptable loan offering ensures customers swiftly and conveniently obtain the necessary funds. Ace Cash Express aims to provide a reliable solution to clients facing medical emergencies, urgent car repairs, or any unexpected financial burdens.
Check Into Cash
A trusted financial service provider, Check Into Cash specializes in offering Installment Loans. These loans allow individuals to borrow varying amounts, typically ranging from $50 to $5,000, depending on state laws. The maximum loan amount varies across states to comply with local regulations. With Check Into Cash, borrowers can access funds to cover unexpected expenses or manage financial challenges.
CashNetUSA
Since 2004, CashNetUSA has been a reliable source for swift financial assistance during emergencies. If you're in need of a $500 – $1,000 online loan, CashNetUSA may have the solution you're looking for. Their fast funding options enable them to address unexpected expenses requiring immediate attention, be it a medical emergency, car repair, or any unforeseen financial setback. CashNetUSA is committed to providing timely support.
Speedy Cash
A prominent financial institution serving residents in 27 states, Speedy Cash caters to urgent financial needs. Offering payday loans and various other loan types, Speedy Cash addresses financial requirements promptly. Whether customers need a small sum of $50 or seek larger assistance for significant expenses, Speedy Cash is ready to help with payday loans of up to $1,500. One of the key advantages of Speedy Cash is its remarkably swift turnaround time, processing and approving loan applications within just one day, ensuring individuals can access needed funds without unnecessary delays.
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.
