|Basic requirement to get the loan|
DC, ID, IL, MH, MI, NM, TX, UT, WI
|APR up to||780%|
|Time to money||Next business day|
|Funding Method||Bank account|
Cashstore Loans – Online Cumulative In-Store Lender for Payday & Installment Loans
Are you worried about finding a credible in-store lender? Is your aim to find a fast lender with not so exorbitant fees on their payday or installment loans?
Then, start considering Cashstore loans. They are specifically tailored to consumers with damaged or no credit scores. This lender is speedy too, offering loans not in a couple of hours or days, but in minutes.
Cashstore Loan Review: Things to Know
Cash Store has a long-established history of offering loans. They began operating in 1996. That makes the company over 20 years old. They have over 300 physical loan stores in six states, including Michigan, Illinois, Idaho, Texas, Utah, Wisconsin, and New Mexico.
Cashstore Financial Services
The lender offers 3 essential services:
- Installment/personal loans
You can access a max loan amount of $5,000. Cash Store has a high approval rate. They grant loans to over 90% of all customers who apply. The loan amount might defer from state to state, for instance, customers in Illinois, Utah, and Wisconsin can only borrow up to $3,000 due to state lending laws.
- Cash advances/payday loans
Their small-dollar cash loans allow you to borrow up to $865. The loan amount available is influenced by the state’s regulations, for instance, in Michigan, you can only access $600.
You’ll have 14 days to repay the amount in one lump sum payment. While payday loans are easy to obtain, their interest rates might be higher than other forms of credit. For instance, Cash Store charges an APR ranging from 300% to 400%. Still, there are sometimes cheaper than bank overdrafts.
- Car title loans
Their auto loans provide you with higher loan amounts. You get to borrow up to $25,000. The loan amount will depend on the value of your vehicle. One advantage is that you keep using your vehicle.
Cashstore Online Loan Application Process
Step 1: Complete the online application
The first step is visiting their website. For instance, if you need their installment loans, from the main menu select “Cash Loan Options > Installment loans.”
You’ll find a short loan form asking for basic details. The information you provide helps you save time when you visit a Cash Store location near you.
Step 2: See which documents are required
When you visit their stores, you’ll need to bring some documents with you. For instance, for installment loans, Cash Store will need copies of recent paystubs and statements of your checking account. One requirement is that your account needs to be 30 days old. You may also have to bring a government-issued ID such as your driver’s license.
Step 3: Visit their store to receive your funds
In a normal loan store, you would spend so much time filling the paperwork, but since you have begun the process online, it will take just 20 minutes to get your cash at their store.
What Have People Said About the Service Provided by Cashstore loans?
Some customers love that they provide a variety of loans, in addition to payday loans. One customer liked that Cash Store provides multiple ways to repay their loans, using either personal checks or debit cards. The service reps at the stores have received praise for being helpful, greeting customers with a smile, and offering professional services.
Cashstore Loan Review of Benefits
- Get pre-qualified online
You’ll know how much you can borrow without incurring a hard credit check that will ruin your scores.
- Quick process
Your wait time at their stores is cut significantly.
- High approval rate
Cash Store has a high approval rate because they are less concerned about your credit scores. You only need to prove that you’re earning a stable wage.
Is Cashstore Legal?
Cashstore is a legal entity that has been in business for many years. They provide loans that meet both federal and state lending laws. You can visit their stores and speak to people working for them. They also engage in community activities like offering scholarships and sponsoring charity events.
What’s the Cashstore Late Fee?
The fee is normally charged for missed or late payments, for instance, when your check bounces. Their late fee is up to $30. The fee charged is per the recommended amount by lending regulations. Cash Store also conforms with Fair Debt Collection Practices when dealing with customers who have failed to meet payments as expected.
Bottom Line: Cashstore Review
You can get one of their loans if you live in a state where they have their stores. They might be faster than other online lenders since they offer in-store cash pickups.
Normally, you will have to wait an average of one business day to get funds through a direct electronic deposit. So, Cash Store is a good alternative in a really immediate emergency.