Payday Loans Blog

I was laid off from work almost seven months ago. My wife and I ran our savings dry while I searched for new employment. Just when we were about to give up hope we got an unexpected phone call. They told me that I needed to be in for an interview in two days. This might not have been a problem if the company wasn't across the country. I needed a plane ticket fast but my wife wasn't going to get another paycheck for a week. Desperate, we looked online for some help. I had heard about Check City before and so we thought we would give it a try. Our Payday Loan was so much more affordable than I thought it would be and they had the money we needed in our bank account by the next morning; just in time to by my ticket to make it to the interview. Talk about fast. And the best part of all, I got the job! Thanks Check City!

Do you need a Payday Loan to get you by?

If you have:

• A steady income
• A bank account
• A valid ID

You can get the money you need; No credit check required.

Why choose Check City?

For over 23 years we have been getting people approved for the money that they need when they need it. Whatever your reason may be for needing a Payday Loan, Check City is there to help get you the money you need; fast, easy and more affordable than you thought possible.

For all of those out there who have not heard about the wide range of financial services and an ever-increasing spand of locations that make up Check City, let us just give you a brief run-down.

Check City is your go-to place for all of your short-term financial needs. They have been in the business for over 23 years and specialize in getting people the money they need when they need it most! Check City has a number of convenient locations spread across the nation, and have made their handy financial services available to a great deal more through offering their services online!

If you need anything from an affordable Payday loan, to a place to sell your scrap gold where you will get the most cash possible, Check City is the place to go!

 Check them out for yourself today and see why so many people trust Check City for all of their short-term financial needs!

I couldn't believe that it happend again; but somehow I miscalculated how much was in the bank account and there was still a few more days until my next paycheck was going to be coming in. I was so relieved that I caught it just in time; the last time this happend it went unnoticed for a few days and everytime there was a withdrawal in my account, anything from a $5.00 trip to the coffee shop to an automatic bill pulling, the bank slapped us with a $35.00 overdraft fee. My wife and I were shocked to say the least when we finally figured out what had happened after literally racking up a couple hundred dollars worth of overdraft fees from our bank. We've tried to be extra cautious since then, but lets face it; life happens. This time, we applied online for a quick payday loan. They had the money in our account by the next day just before a bill pulled. What a lifesaver! 

A Payday Loan Can Save You Big Money

Not only can payday loans save you from expensive overdraft fees and late fees, but did you know that by not paying a bill or even being late on a bill can ding your credit score making it harder for you to get lines of credit, or good rates that could literally save you hundreds to thousands of dollars in the long run? Payday Loans are more affordable than you think, and perhaps even a lot more necessary in a tight situation than you thought.

When you either apply online or in person, make sure you chose a payday loan company that you can trust; like Check City, who have been in the industry for over 23 years and are known amongst their guests for having great affordable rates. 

By now you have most likely heard about the payday loan industry or you have at least heard about payday loans. A Payday loan can be explained simply; getting the cash you need now, before your next payday. However, when it comes to getting a payday loan, there are some factors that should be taken into consideration before deciding if this handy tool is right for you. There are also many myths about payday loans out there along with people who just want to tell you what they think you want to hear. What you need is to get the straight up facts. 

Here is a great listing of sources for you to get all the information you want:

Is Getting a Payday Loan Right for you?

Debunking Payday Loan Myths

Questions and Answers about Payday Loan APRs

Payday Loan FAQs

The In's and Out's of Payday Loans

12 Tips When Applying for a Payday Loan 

When I apply for a payday loan, how do I receive the money?

When you apply for a payday loan, when approved the money that you apply for will be automatically deposited into your designated bank account. The funds will be deposited and available for you to use as soon as the very next business day. In other words, if you apply for a loan on a Tuesday, the funds can be available, in your account and ready for you to use, by Wednesday morning. This may vary a little depending on weekends or holidays. When you go into a payday lender store location to apply for a loan using a personal check, you can be approved for your loan and walk out in as quickly as 15 minutes with your cash in hand.

How do I pay the money back once I receive my paycheck?

Before signing for the loan, you will know exactly what day the loan will need to be paid back by. Whether you applied for the loan in person using a personal check, or whether you applied online, on the day that the loan is due to be paid back (usually on your next payday or shortly after) the loan amount along with a small fee will be automatically withdrawn from your designated account.

How much will my payday loan cost and what is the APR?

For more information regarding payday loan costs and APRs, check out Questions and Answers about Payday Loan APRs.

You are usually planned, packed prepared and ready to go once your summer vacation trip arrives! But how do you planned for the unexpected while you are on your vacation? Luckily, with a fast Payday Loan availible at the click of a button, you don't have to worry about the unexpected. Whether you have unexpected car troubles, or realize that you need more money than expected, Check City can get you approved online without a credit check or even having to fax anything. Even when you are far from home, Check City makes is easy to get the cash you need now!

As long as you have a checking account and a steady source of income, you can get the cash you need in your bank account by as quickly as the very same day. This summer, while you are on the road, remember that if you find yourself in a pinch or have a financial emergency, you can count on Check City to get you the cash you need, at very competitive rates, and when you need it; NOW!

With numerous locations across the nation, you can apply for a payday loan either in store, or for your convenience, online!

Check City is fast, easy, and more affordable than you thought possible!

Are you tired of getting turned down for the money that you need because of having bad credit? Many people have bad credit score due to problems that were beyond their control or issues that occurred several years back and yet still cannot get approved for the money that they need now!

If this sounds like you, stop fretting. Your solution lies within Check City.

Check City, a leading lender in the short-term industry specializes in getting people approved for the cash they need now. For over 23 years, they have been approving padyday loans and cash advances without even requiring a credit check!

If you have a:

• Steady source of income
• ID
• and a checking account

You can be approved and get the cash you need either same day, or by the very next business day.

Need even more cash? Well, along with offering great customer services and very competitive rates on all of th Cash Advances and Payday Loans, Check City offer great rates on all of their Title Loans as well.

Want cash without getting a loan? Bring all of your scrap gold down to Check City near you or mail it in today to get more cash! Check City offers 3 to 5 times as much as other Gold Buyers, because they deal locally.

It is no wonder why so many people only trust Check City for handling all of their short-term financial needs!

By this point in time, most of us know that our credit score affects nearly all of our financial options availible to us:

• Loans amounts we can receive
• The rates we reiceive on borrowed money
• The type of car we can afford
• Where we can afford to live/the type of house we can buy
• Even where we can get a job!

Though, surprisingly, many people do not even know exactly what their credit score is! It is actually simpler than you might think. Basically, your credit score is made up of five factors. The score of these five factors together make up your credit score:

• Bill paying history; one critical portion of your credit score is whether or not you pay your bills on time. This is a lot more important than people think. If you know that you are going to be short for a bill before your next paycheck, you should strongly consider finding a way to get that bill paid on time; such as a payday loan.
• Outstanding Credit and Debt; Or in other words, how much money do you owe.
• Length of Credit History; How long have you had credit? The sooner you get your credit started and take good care of that credit, the better!
• New Credit; Did you know that new credit actually hurts your score? And having a lot of new credit really hurts your score. Think twice before getting a new credit card!
• Credit Variety; Make sure to have a good variety of credit such as loans and cards. Too much reliance on credit cards hurts your score.

Here are some good tips to keep in mind as well:

• Closing credit cards can lower your credit score; this may change in the near future, but for now, be careful about closing your cards instead of just not using them.
• Pay those library fees and traffic tickets! Surprisingly enough, these types of fines can get repoted to credit bureaus and lower your score!
• Pay your taxes! If you do not pay the taxes you owe, and you get a federal tax lean, that looks very bad on your credit and will stay on for 7 years!
• Check your score! Only annualcreditreport.com is actually free and you can check your score once a year to make sure that there are no mistakes (which 80% of credit report DO have mistakes!)

The Payday Loan industry has been around for quite some time now. Since the beginning, they have been greatly looked down upon by banks and credit institutions. These financial institutions have even stooped so low as to attack the payday loan industry; refering to the industry as evil "loan sharks". But why does the payday loan industry receive so much hatred and disgust from the banks and credit unions? Do these banks dispise the payday loan industry "loan sharks" because they are trying to look out for the best interest of the people? Or is it because these "loan sharks" have helped to wipe out a huge portion of the banks' profits from the banks' outrageous fees-feeding-frenzies?

Think about it. If you were running short in your bank account and you knew you still had a bill and a couple of other expenses that needed to pull from your account, which would you prefer: Going to a payday lender and paying $8 for a $100 loan for the week, or would you rather run short in your account and have overdrafts start pulling from your account at up to $35 a pop? And it doesn't stop with just one fee; three or more of those fees and you're looking at $105 in fees from your bank. The choice is pretty obvious.

In the year 2007 alone banks made over 29 billion dollars in just overdraft fees. Perhaps trying to protect that precious 29 billion dollars a year is enough for these banks to get aggressive against the payday loan industry.

Now, let's take a bank's dream into consideration for a moment; let's say that we wiped out all of the payday loan industry. (Wouldn't that make those banks smile more than ever.) Now, without the payday lenders on the game bored, where are people to turn when they need a small loan amount to cover unexpected expenses? The bank? Try again; banks don't loan small amounts, especially without doing a credit check. Any other ideas? Looks like those in need of the money are just flat out of luck. At least your bank won't mind when they start collecting all of those glorious fees again.

Arizona recently passed a law taking away the payday option. If you ask me, it is sad that all of those people who responsibly use and pay back their payday loans there have now had that option taken away from them. Obviously, if there was not a need, the industry would not have thrived there. Now where are people in Arizona suppose to turn when they are in need. It would be a very safe bet to say that bank overdraft fees are going to rise...I'm sure the banks in Arizona are not distraught over the new law by any stretch.

Today, we hear the term payday loan thrown around everywhere. Yet, surprisingly, many people are still not exactly sure what a payday loan is, how it works, or when they might use one.

Payday loans are handy financial tools that can be used for a number of different reasons and can be very beneficial for a person, especially when they are in temporary financial pinch.

What is a Payday Loan?

A Payday Loan (also referred to as a Payday Advance) is a small, short-term loan that is intended to cover the borrower's expenses until his or her next payday. The rates on payday loans tend to be higher than typical loans at a financial institute since they are unsecured loans and borrowers typically do not have to undergo a credit check to obtain the loan. Though when used properly, a payday loan is an affordable alternative to expensive overdraft or late fees while waiting for another paycheck.

Are Payday Loans Expensive?

By law, payday lenders must disclose the annual rate of their loans, which over such a long period of time will appear expensive. However, these short-term loans are only intended to be used for a short period of time, and in this way the rates can be viewed as more of a small fee; less than the cost of half of an overdraft fee. It is the same concept as using a taxi to get accross town. Taxi fees are reasonable when used for short distances, however, one should not use a taxi to travel across the country, as the rates would be outrageous. Just as one should never use a payday loan for long periods of time.

How does a Payday Loan Work?

To qualify for a Payday Loan, you just need:

• A steady source of income
• A state or federal ID
• A checking account.

You can get a Payday Loan in person by writing a personal check for the amount of the loan along with a small fee or by applying online. If you apply in person, you can have the money you need the same day or if you apply online, you can have the money you need by the very next business day.

Why use a Payday Loan?

The reasons for getting a payday loan are as various as the people who get them. People from all walks of life get payday loans when unexpected or unforeseen expenses come their way. Perhaps it is an unexpected medical bill for the month. Or maybe it is to fix an unforeseen car problem. Whatever the reason may be, if your bank account is short for the month, getting a Payday Loan can not only save you from expensive overdraft and late fees, but it can also protect your credit from being affected from unpaid bills which could end up really costing you in the long run.

Where should I go to get a Payday Loan:

Today, you will find a payday lender on nearly every corner. Make sure that the company that you choose is one that you can trust and one that will give you the best rates (since lenders can pretty much charge however much they want). Check City has been in the business for over 23 years and has built a recognizable reputation for their great customer service and very competitive rates. Check City is fast, easy, and more affordable than you thought possible.