The Check Cashing Store offers a simple and convenient online loan application process. To apply, visit their website, go to the loans page, and click "Apply Now." You'll need to provide personal information, employment details, and checking account information. After reviewing and accepting the borrower identity statement, submit your application. The system will then notify you of the approval or denial of your loan. The Check Cashing Store loans are designed to provide quick financial assistance with an easy application process, making them accessible for those in need of immediate funds.
How to Apply for The Check Cashing Store Loan
Visit the Website. Go to The Check Cashing Store's official website. Navigate to the loans page and click on the "Apply Now" button. Fill in Personal Information. You will be directed to a form requesting your personal details. Provide your full name, date of birth, social security number, email address, residence address, length of stay at your residence, government ID type and number, and cellphone number. Provide Employment Details. In the next step, fill in the details about your job as requested on the screen. This typically includes your employer's name, your job title, and income information. Enter Checking Account Information. Proceed to the next stage to input your checking bank account details. This is crucial for loan disbursement and repayment purposes. Review and Accept. Carefully read the covered borrower identity statement displayed on the screen. Once you have understood the terms, accept and apply by confirming your agreement. Submit Your Application. After completing all the required information, submit your application. The system will then process your application and direct you to a page indicating whether your application has been accepted or declined.
Conditions
Loan Term. The loan term can range up to 90 days.
APR. The Annual Percentage Rate (APR) may be up to 390.8%.
Loan Amount. You can borrow up to $1,000.
Requirements
Age Requirement. Applicants must be at least 18 years old. This ensures that they are legally able to enter into a loan agreement.
Valid Checking Account. A valid checking account is necessary to facilitate the disbursement of loan funds and the repayment process. This account will be used to deposit the loan amount and to deduct repayments.
Steady Income. Proof of a steady income is required to demonstrate the applicant's ability to repay the loan. This can be in the form of pay stubs, bank statements, or other verifiable income sources.
Active Phone Number. An active phone number is essential for communication purposes. The Check Cashing Store uses this contact information to reach the applicant for any updates, reminders, or issues regarding the loan.
Valid Government-Issued Photo ID. A valid government-issued photo ID, such as a driver’s license, passport, or state ID, is required to verify the applicant's identity. This helps prevent fraud and ensures that the loan is issued to the correct individual.
Reasons for Rejection
Inadequate Credit History. Limited or no credit history can make it difficult for The Check Cashing Store to assess your creditworthiness.
High Debt-to-Income Ratio. A high ratio of debt to income indicates that you might have difficulty managing additional loan payments.
Unverifiable Information. Inability to verify the personal, employment, or income information provided in your application.
Employment Status. Lack of stable employment or a verifiable source of regular income.
Incomplete Application. Failing to provide all required information or documentation can result in your application being rejected.
It typically takes 15 minutes for the cash disbursal after approval in-store and immediate approval or rejection on completion of the application process.
How trustworthy is the company?
The company is a well-known brand in Florida, USA, with over 800 payday loan lenders and cash checking stores nationwide. Money Mart, its sister store with locations in 12 states, rebranded as Money Mart Financial Services Group to reflect its expanded services within the Dollar Financial Group Inc. aegis.
Do they verify income?
Yes, the lender will verify the applicant's income because it requires them to give their most recent income proof.
Does the Check Cashing Store hurt your credit score?
Your credit score will be negatively affected if you miss or delay repayments.
