This company no longer offers payday loans.

About 1st Money Center

1st Money Center is a Texas corporation based in Hurst that provides short-term installment loans, lines of credit and payday loans in 28 states. It was founded in 2011 and its entire corporate stock is owned by Michael Brent Turner, the President and CEO of 1st Money Center.

How Does It Work?

1st Money Center offers lines of credit, single payment loans, installment loans, title loans and in some states it also provides an instant cash advance loan on the federal tax refund borrowers expect to receive. Some products are not available in all the states where 1ST Money Center operates.

What Are The Interest Rates?

Interest rates vary widely depending on state lending laws. The APR range in California is 51.48% to 244.33% APR depending on the amount borrowed and the loan term.

How Much Money Can I Borrow?

Loan amounts range from $500 to $3,000 depending on the state you live in. Notice that although marketed as installment loans, the APR is similar to the equivalent interest rate charged by payday loans and the terms are two to three months long.

Which States Does 1st Money Center Operate In?

1st Money Center operates in California, Arizona, Utah, New Mexico, Wyoming, Idaho, Oregon, Washington, Delaware, Missouri, New Mexico, Ohio, South Dakota, Kansas, Louisiana, Missouri, Tennessee, Wisconsin, Texas, Michigan, Alabama, Florida, South Carolina, Virginia, Maryland, New Hampshire, Ohio and Rhode Island.

What Is the Application Process Like?

Borrowers can either complete a short application form online or call one of 1st Money Center and get a loan officer to help complete the application. The application process takes only a few minutes and applicants know immediately whether or not they qualify.

How Is 1st Money Center Better Than Other Lenders?

1st Money Center provides a wide selection of loan products for people with poor credit. Its interest rates can be as high as 245% APR but these are still competitive when you compare it to the rates charged by payday lenders. There are no prepayment penalties on installment loans, so customers can save money by paying early.

1st Money Center offers flexible repayment plans and loan amounts of up to $3,000. Applications receive an approval decision immediately and the funds can be deposited within the next business day. 1st Money Center also offers tax loans to Liberty Tax customers by using their future tax refund as collateral.

  • Credit Score Range
    300 - 640
  • Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    • Unemployed
  • Funding Time Range (in days)
    1 - 3
  • No Credit Check
  • Direct Deposit
  • Online Application
  • Loan Amount
    $500 - $3000
  • APR
    51.48% - 244.33%
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