If you need cash fast but don’t have great credit, your options are severely limited. Check Into Cash is an auto title lender that can help get you the cash you need while providing a good customer experience.
Read on to learn more about Check Into Cash auto title loans and whether they’re right for you.
Who are Check Into Cash auto title loans designed for?
“Auto title loans can be beneficial for people who need some quick cash but don’t have the credit for a more traditional loan,” says Korey Adekoya, business development manager at Shabana Motors.
Essentially, you need to have a car with equity — typically double the amount of cash you need. You get the cash, but you also get to keep driving your car.
Auto title loans have short repayment periods and high APRs (rates vary by state). What’s more, you’ll lose your car if you default on the loan. So, make sure that you have exhausted all other alternatives before considering a lender like Check Into Cash.
About Check Into Cash
Founded in 1993, Check Into Cash has grown to be one of the biggest payday lenders in the U.S. With more than 1,000 branches in 30 states, customers can get any of the following short-term cash products:
- Payday advances
- In-store cash advances
- Online payday loans
- Title loans
- Title pawns
- Check cashing
- Western Union money transfers
- Walk-in bill pay
- Reloadable prepaid money cards
While payday lenders get a bad rap for taking advantage of their customers, Check Into Cash has remarkably high customer reviews.
Because auto title loans don’t work unless you have the title in hand, you won’t qualify for a Check Into Cash auto title loan if you’re still financing the vehicle.
Check Into Cash auto title loans review
Check Into Cash offers both title loans and title pawns, depending on which state you live in. The two are very similar. In fact, the lender simply describes both as a way to use the equity in your car to get a short-term loan.
When you’re ready, simply bring your car and the necessary documents to a Check Into Cash location near you. You can even start the process by getting an estimated appraisal online.
Check Into Cash auto title loans can range up to $25,000, depending on where you live and how much equity you have in your car (new customers – up to $750 or state maximum).
What documents do you need for a car title loan?
Check Into Cash requires the following documentation when you apply:
- Your car’s clear title
- Vehicle registration
- A government-issued photo ID
- Proof of residence (e.g., utility bill, bank statement, lease agreement, etc.)
- Proof of income (e.g., pay stub, W-2 form, bank statements, etc.)
What are Check Into Cash’s interest rates and fees?
Interest rates will change depending on where you live. Check our review page of the lender to get the most up-to-date interest rates. Fees can also vary, depending on the state where you live. For example, if you’re borrowing $100 in Idaho, your fee would be $22. But if you’re borrowing in Florida, the fee is $13.
Make sure you know the interest rate and fee before you sign the loan contract. Auto title loans can be extremely expensive, especially considering they have such short repayment periods — as low as 14 days.
What are Check into Cash’s eligibility requirements?
Title loans and title pawns are only available in the following states: Alabama, Arizona, California, Georgia, Idaho, Illinois, Kansas, Louisiana, Mississippi, Missouri, New Mexico, Ohio, Tennessee, Texas, Virginia, and Wisconsin.
The lender has a credit range of 500 to 640, which is higher than most auto title lenders. It doesn’t share information about its income requirements on its website, so you’ll need to go into a branch to get more information about those.
How to apply for a Check Into Cash auto title loan
The application and approval process for a Check Into Cash auto title loan is fairly simple. Before you do it, check out our review page for more information and to apply.
1) Get an estimated appraisal online. When you head to the branch, this will help start the process by giving you an estimate of what you could qualify for.
2) Review your estimate then find the nearest branch using their store locator.
3) Bring all of your required documents to the nearest branch and complete the application process. Sign the paperwork and set up a repayment schedule. “Make sure to read the fine print on any contract you sign so there are no surprises down the line,” says Adekoya.
Should you get a Check Into Cash auto title loan?
Because of the high cost of auto title loans, consider them only as a last resort. “Interest rates can be higher than average on auto title loans, which means it easy to slip into a cycle of debt,” says Adekoya.
Other alternatives, such as personal loans, are much less expensive and will give you more time to repay the loan. If you’ve already exhausted all your other options and still need cash, Check Into Cash may be a good option.
Also, consider other top auto title lenders to make sure you’re getting the best deal, especially if your credit score is lower than 500.