Payday Loans Blog

If you having been needing a Visa card, but can't qualify, you are in luck because Check City offers pre-paid visa cards.  These are great because if you don't have a bank account and don't want a credit check than you are still able to use the little plastic card to make your spending quick and easy.

These cards can be used exactly like any other visa card.  Through this service you can be sure that you have full control over your credit card and whether or not you use the credit or not.

Anytime that you start to run low on funds on your card all you need to do transfer money from an online bank account to your online pre-paid credit card account.  You can also add money to your pre-paid credit card by paying cash at one of our Check City locations.

This can also be a safer form of using a visa, because you can set up your account to give you warnings and alarms that go off whenever your card is used to make a transaction.  Make your life safer and convenient by getting a pre-paid visa card and paying for things the way you want to.

South Carolina is creating more regulations on payday loans. A bill just passed in their House that would limit the number of loans anyone could get to just one at a time.

This is a decently thought out bill because it aims at prohibiting self-destructive behavior. Payday loans in and of themselves are not bad things. The APR is very high, but the term is very low, so no one actually has to pay that much in fees.

The problem comes when someone tries to borrow too much. Most lenders will cap the amount you are approved for at 35% of your income so that no one borrows more than they can pay back.

However, what if a borrower comes in and requests a loan for 10% of their income. They come back one week later saying they need 25% of their income, thus getting to the 35% cap. Well, they will be out of luck in South Carolina. Until they have paid back the first loan and passed the cooling off period, they cannot get another loan.

So legislation like this bill in South Carolina has good intentions, but all payday lenders already have safeguards against borrowers asking for too much money. It is more of a regulation on payday borrowers than payday lenders. All it does is restrict freedom when it comes to payday loans.

Did you know that Check City will help you find insurance if you need to?  You might be surprised to find that a payday loan lender would worry about something like insurance for their customers.  It is just another effort on Check City's part, to better serve its customers.

 If you have been looking for insurance and you need help to compare pricing and coverage than you should talk with one of the Check City employees at one of our locations in your area.  This is the perfect stop for you if you are busy and never seem to find the time to get the things done that keep your life safe and functional.

 Whatever kind of insurance you are looking to you should ask Check City if they can help you identify a company that would fit your needs.  Check City can help with auto, boat, life, home and more insurances that will simplify your life.

The incredible thing is that you can stop by anytime and your quote is free.  If you decide to get the insurance policy then you can sign up, right away, at one of our locations.  You can even call for this information.

 If you are looking for insurance let Check City help you.  It's always good to get the help of a friend if you need to make a decision on buying insurance.

Check cashing is offered at Check City!  What is check cashing?  What happens if you get your paycheck on Friday and don’t get off work until after the bank closes?  Or what if you don’t even own a bank account?

Check City is your answer.  You can go into one of Check City’s several locations carrying almost any type of check and get it cashed right then and there.  Most of the stores perform check cashing until midnight and some stores are even open all day long, seven days a week.

When you need to use check cashing, make sure to bring a state or federal identification with you and be prepared to fill out a customer information form.  Also be sure to bring an empty pocket so you can fill it with cash!

For a small fee, Check City will cash payroll checks, cashier checks, government checks, insurance drafts or checks, money orders, tax refund checks, personal checks, and out of state checks.  They are convenient, affordable, and the best choice anytime.  When you need check cashing, go to Check City.

Check City is pleased to announce that residents of Michigan can now apply for a payday loan at Check City's website! Michigan is now the twenty first state where Check City is licensed to sell payday loans.

A payday loan, or cash advance, is a short-term, high interest loan that is designed to be paid back quickly. Loans are typically small amounts that should be paid back on the customer's next pay day.

Currently Check City is working on getting licensed in Texas and Indiana as well. Some states have enacted strict legislation to prevent payday lenders like Check City from offering a loan. But we will keep on working to offer loans in as many states as we can.

Sometimes unexpected financial troubles hit, and it's good to have options for short-term credit available. If you are in a bit of financial stress, look into payday loans today!

Legislation referred to as the Sunset Clause in Arizona will put businesses that offer payday loans out of business. The law would force all payday lenders out of the state in 2010. The state legislature is soon to tackle this issue.

Unfortunately there are people in Arizona like Ken Clark, campaign manager for Arizonans for Responsible Lending. Clark said compromise is not an option. They are only willing to put a 36% APR cap in the state and that is all.

You might think that a leader in a group that calls for responsible lending would be able to perform some simple mathematics and calculus. Dramatically decreasing the rate would require a significant increase in the term of the loan to be profitable. Perhaps Clark and others have not figured out that payday loans are appealing precisely because they are short-term.

I would think that in a time of financial crisis in this country that people would be promoting business, not trying to tear it down. As if unemployment is not already high enough, Clark and his crowd want to put an outright ban on payday loans. There are 92 payday loan locations in Mesa alone! Banning them in the whole state would leave a lot of tellers without a job.

We call on legislators and other policy makers in Arizona to seriously research payday loans and learn the truth for themselves. Don't fall for the scare tactics of these supposed "consumer advocates."

Most people know that Check City offers payday loans, but not everyone has heard that Check City also offers title loans at all Utah locations.  If you are looking to get a loan and you want a better rate with more options than looking into a title loan might be the route for you.  This service was added so that customers would have additional choices and further convenience.

Many people forget that their vehicle is very useful collateral.  By using a title loan Check City knows that you have financial backing and can give you better rates or a better option than you would normally have.  At every Utah location customers can come in and ask about the opportunity to get a title loan when they need money fast.

There are only a few things that you need when you come to Check City in search of a title loan.  Remember to bring your car, its title, registration, a picture id and proof of residence.  After that you only need to fill out a short application and allow someone at the loan location to give a quick inspection of your vehicle.

You will receive your cash right on the spot, like all other Check City loans.  You still get to drive away in your car with a better loan than you would have gotten otherwise!  If you are thinking about getting a loan and you own a vehicle then come in and work out a title loan with one of our customer friendly employees today!

With the option of mortgages Check City is becoming even more beneficial to its customers, because it gives visitors numberous options for their financial needs.  Not only can the average customer get a payday loan when they come in a Check City, but they can also receive a mortgage.

This includes the option to buy, build or refinance a home with the help of Check City.  This gives a great opportunity to those who have already had the experience entering one of the loan locations.  The next time you are in one of them all you have to do is ask one of the customer reps about how these mortgages are arranged.

With these mortgages you have all the ability to create exactly the mortgage that you would need.  Check City mortgages are offered both with debt consolidation and equity line of credit.  To make sure all customers can receive a variety of options 15, 20, 30 and 40 year fixed interest loans along with adjustable-rate mortgages are made availiable.

If you are thinking of any kind of mortgage loan, come down to Check City and let us see if we can help you to acheive your goals.  Payday loans is not all we do.  We do mortgages too!

Clemson University recently concluded and published a study regarding payday loans in which they found that payday loans are not a contributor to bankruptcy. They performed all kinds of statistical analysis to come to this determination.

The study was lead by Dr. Petru S. Stojanovici and Prof. Michale T. Maloney. The rest of the findings from the study can be read here.

The results of this academic research are not surprising to those of us in the payday loan industry. Payday loans are often the only access consumers have to short-term credit. Payday lenders are often accused of being "loan sharks" because of their high rates. But the truth is that these rates are off-set by the incredibly short term of the loan.

Perhaps the greatest impact of this study can be its impact on legislators and policy makers. Often these individuals are influence by lobbyists and special interest groups to ban payday loans outright. Maybe the facts can speak louder than the rhetoric.

Payday loans can be a valuable option to those who need cash fast. Always borrow responsibly.