Loans 101 Tips from the Cash Academy

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What is the Debt Avalanche Method?

The debt avalanche method prioritizes paying off debts with the highest interest rates first. Find out if it's the right strategy for your financial situation.

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How Does Compound Interest Work?

Compound interest is when your savings earn interest, and that interest earns interest too. Discover how it can boost your savings.

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What is an Authorized Credit Card User?

An authorized user is an individual added to a credit card account by the owner who can make purchases but isn't responsible for payments.

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What is a Credit Builder Loan?

Learn how to build your credit and show financial responsibility to qualify for future opportunities with a credit builder loan.

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What is a Secured Credit Card and How Do They Work?

Think you need perfect credit to qualify for a credit card? Think again. A secured credit card can establish or rebuild your credit no matter where your financial health stands.

Frequently Asked Questions

A payday loan is a short-term loan due on the borrower’s next pay date. It’s a type of loan that can help when borrowers have emergency expenses.

A personal loan is a type of loan that’s paid in installments and used by borrowers for various personal reasons.

An installment loan is a type of loan that’s paid in installments, or segmented payments, over a certain period of time.

A title loan is a type of short-term loan that uses the title of the borrower’s vehicle to secure the loan funds.

Loan interest works by applying a percentage to the loan amount that the borrower pays in addition to the loan principal.

Prime and subprime loans have to do with the credit score ranges of the borrowers who qualify for these types of loans and their rates.

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Payday Loans are also commonly referred to as Cash Advances, Payday Advances, Payday Advance Loans, and Fast Cash Loans. Check City may, at its discretion, verify application information by using national consumer loan underwriting databases that may include information relating to previous cash advance transactions that Check City may take into consideration in the approval process. Approval, products, and loan terms may vary based on applicant qualifications and applicable state or federal law. See Rates and Fees for specific information and requirements. Some customers applying for payday loans or installment loans may be required to submit additional documentation due to state law and qualification criteria. CheckCity.com provides loan services in: Alabama, Alaska, California, Idaho, Kansas, Mississippi, Missouri, Nevada, Ohio, Utah, Wisconsin, and Wyoming. In Texas, CheckCity.com acts as a credit services organization/credit access business (CSO/CAB) and will not be the lender for loans obtained through this site; CheckCity.com will instead attempt to arrange a loan between you and an unaffiliated third-party lender.
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Customer Notice: A single payday advance is typically for two to four weeks. However, borrowers often use these loans over a period of months, which can be expensive. Payday advances are not recommended as long-term financial solutions. Loan proceeds issued through our website are generally deposited via ACH for next business day delivery if approved by 8pm CT Mon. – Fri.
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This is an invitation to send a loan application, not an offer to make a short-term loan. This service does not constitute an offer or solicitation for payday loans in Arizona, Arkansas, Colorado, Georgia, Maryland, Massachusetts, New York, Pennsylvania, or West Virginia. The maximum funded amount for payday loans or installment loans depends on qualification criteria and state law. See Rates and Terms for details. Utah Customers: For consumer questions or complaints regarding payday loans and/or title loans you may contact our Customer Service Department toll-free at (866) 258-4672. You may also contact our regulator, The Utah Department of Financial Institutions at (801) 538-8830. In California, CheckCity.com is licensed by the California Department of Financial Protection and Innovation pursuant to the California Deferred Deposit Transaction Law, Cal. Fin. Code D. 10.
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Please see Rates and Terms to check the availability of online loans in your state. Check City does not provide loan services in all states.

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