Check Into Cash Review: Is It A Scam?

check into cash review

Financial hardship is often unavoidable – even the best penny pinchers can find themselves without enough money to cover unexpected expenses.

Going through traditional banks and lenders can be too time-consuming when money is needed and needed quickly.

That’s where Check Into Cash comes in.

Check Into Cash is a payday and title loan lender that provides a solution for those in a money bind. With over 1,200 brick-and-mortar stores across the United States and an easy-to-use online application, Check Into Cash is a leader in the loan lender market.

Here’s everything you need to know if you’re considering Check Into Cash as your loan lender.


What is Check Into Cash?

Check into Cash Logo

Check Into Cash is a small loan retailer that provides personal loans and emergency funding to its borrowers.

After over 27 years in business, it has accrued over one thousand storefronts in 30 states. Check Into Cash also has an easy-to-use online system that’s available nationwide. So whether you prefer working with lenders online or in person, Check Into Cash has you covered.

Check Into Cash is a founding member of the Community Financial Services Association of America (CFSA), which is the country’s premier short-term loan trade organization.

Check Into Cash is a direct lender that offers three primary types of loan products: payday loans, title loans, and installment loans.

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Payday Loan

A payday advances is a short-term, high-cost loan that is due on the recipient’s next payday. The amount borrowed is a small loan, with a maximum loan amount not more than $1500 (depending on your state maximum). In exchange for quick money, recipients pay a high-interest rate. You can get online payday loans by visiting Check Into Cash’s website. Upon approval you can get your cash in as little as 1-2 business days


Title Loan

A title loan is a loan that requires an asset as collateral, and that typically is a person’s car. If the loan recipient does not pay the amount owed, Check Into Cash can legally own the car or other asset used as collateral.


Installment Loan

An installment loan allows individuals to borrow the set amount of money in a lump sum rather than in fixed payments over time.

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Other services that Check Into Cash offer include:

Money Transfers

Many brick-and-mortar Check Into Cash stores have a partnership with Western Union, so borrowers can purchase money orders and transfer their money. However, this process can take three to five days to complete.


Prepaid Debit Cards

Prepaid debit cards through Visa are available at Check Into Cash. Prepaid debit cards are reloadable, so users have complete control over the amount spent. In addition, there is a $10 minimum balance, and there are no overdraft or interest fees on the prepaid debit card.


Flex Loan

A flex loan is an open line of credit that allows its borrowers to secure up to $2,500. The investment is renewable. Borrowers are able to take out money from their line of credit and repay the principal while the available credit refreshes.


Gift Cards

Check Into Cash will buy gift cards from most major retailers, used or new, as long as the balance is over $20. A government-issued ID must be provided to sell your gift cards to Check Into Cash.

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How Does Check Into Cash Work?

A person can get started with Check Into Cash either in person, online service or over the phone. The company is legally approved to work in 30 states.

Check Into Cash specializes in short-term loans, so they are great for those looking for quick financial relief.

Their speedy payments work well for those with poor to moderate credit, as it is often quicker to go through short-term loan providers than traditional banks and lenders.

The application process is quick, easy, and, most importantly, confidential.

If you’re worried about lowering your credit score by inputting your information, don’t be – you can prequalify online and request a loan without a hard inquiry that would hurt your credit score. Only once you’ve seen the rates you’re eligible for and agree to terms will a credit pull be completed.

To get started with Check Into Cash, prospective borrowers can call their toll-free number, apply online, or visit one of their many locations across the United States.

There are three steps borrowers must follow when filling out a free online application.

First, applicants must provide their basic personal information. The Check Into Cash application will ask for:

  • Full name
  • Email address
  • Phone number
  • Zipcode


Next, additional personal information will be needed, such as:

  • Driver’s license number
  • Address
  • City and state
  • Zipcode
  • Whether or not you rent or own your home


Lastly, Check Into Cash requires financial information such as:

  • Bank account type
  • Routing number
  • Account number
  • Social Security Number
  • Date of birth
  • Source of income
  • How you get paid
  • How often you’re paid
  • Gross paycheck amount


The entire process only takes minutes. A Check Into Cash customer service representative will call to confirm your information once your application is received.

Upon verification and loan approval, an official loan agreement will be sent. It is crucial to fully review the terms of the loan before signing. Once the loan agreement is signed and returned, the funds will be deposited Into your checking account. Any received money should be available on the next business day.

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Check Into Cash Eligibility

While it is often easier for people to receive small loans from short-term loan lenders, that doesn’t mean these services come without stipulations.

Check Into Cash doesn’t want to offer loans to exceedingly risky borrowers, so there are some criteria that prospective borrowers must hit.

While there isn’t a minimum credit score that a borrower must have, Check Into Cash typically lends to borrowers with a credit score between 300 and 700.

To qualify for a payday loan from Check Into Cash, borrowers must:

  • Be at least 21 years old
  • Live in one of the 30 participating states
  • Have a regular source of income
  • Be a United States citizen or permanent resident
  • Have an open checking account

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Check Into Cash Financing and Loan Details

There are many factors that impact specific financing and loan details. Fees depend on the loan type, state you reside in, income, and credit score.

All fees will be outlined in your loan offer, so it is very important to read it thoroughly.

Once you accept the loan offer and money is deposited Into the provided checking account, you are required to repay the principal loan amount and any interest accrued. The typical due date is two or four weeks after signing the offer.

There is no fee to apply for a Check Into Cash loan, but you can expect to pay a fee on a payday loan. A payday loan between $100 and $1,500 can expect to pay a fee between $15 and $79, which equates to a 390% annual percentage rate (APR).

This incredibly high rate is due to the short length of the loan. A longer-term loan can expect to have a shorter APR.

Payday loan terms, fees, and rates are available on the Check Into Cash website, and they are available state by state.


Check Into Cash – Pros and Cons

Check Into Cash exists to quickly provide financial assistance to those who don’t benefit from traditional lender practices, and there are pros and cons to the service they provide.

Pros of Check Into Cash

  • No minimum credit score
  • Quick loan approval
  • Manageable loan requirements
  • Easy loan application process

Cons of Check Into Cash

  • High APR
  • High payday loan fees
  • Potential hit to credit score


Check Into Cash Review and Reputation

Check Into Cash currently has an A+ rating on Better Business Bureau (BBB).

Trustpilot lists a rating of 4.5 out of 5 for Check Into Cash. At the moment of this review, there are 918 reviews, and 716 give this loan lender an “excellent” rating. Many reviews cited its excellent customer service.

Only 27 Check Into Cash reviews called the service “bad”, listing its questionable debt collection practices, hit to their credit score, or high fees as their reasoning.

Consumer Affairs lists Check Into Cash’s overall rating at 4.9 out of 5. Over 2,000 customers rated their service.


Is Check Into Cash Worth It?

Check Into Cash is a short-term loan lender that’s quickly available to those in a financial pinch. If you need money quickly, Check Into Cash is one of the best loan providers on the market.

The application is free, easy to navigate, and quick to complete. It takes only moments to get their verdict, so there is no time wasted while pursuing this option.

Yes, there is a high-interest rate associated with these loans, but if you’re low on credit and even lower on time, Check Into Cash is a great option.


Wrapping It Up

Check Into Cash is a great last-resort option for those in need of short-term financial needs such as cash payday loans, especially if you have bad credit.

They complete a hard credit pull that may briefly lower your credit score, but that is the only unknown when working with Check Into Cash. Their loan agreements are up-front about all fees and interest that will be owed on top of the principal payment, and they have stellar customer service in case any issues arise. Depending on the state of residence, you may qualify for up to a $1500 loan.

If you are ever in need of a short-term loan and are certain you can pay it off on time, we recommend using Check Into Cash.

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