Cash America Payday Loans Review

Cash America Payday Loans is a short term loan offering by First Cash Inc, a direct lender based in Jersey City, NJ. Founded in 1983, First Cash Inc offers access to payday loans in 10 states across the USA.

What are the Cash America Payday Loans rates & fees?

Cash America Payday Loans offers payday loans with loan fees ranging from $13 to $102. These loans are meant as a short-term source of credit but if you calculate the annualized percentage rate of those fees you get rates ranging from 235.58% to 533.4%.

How much can you borrow from Cash America Payday Loans?

Loan amounts start at $100 and go up to $1,500.

What are the Cash America Payday Loans minimum approval requirements?

• Applicants with a credit score of at least 300 can apply for a loan via Cash America Payday Loans.
• Cash America Payday Loans will also consider borrowers who are unemployed .
• Active duty servicemembers and their covered dependents cannot apply for a loan via Cash America Payday Loans. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.

Does Cash America Payday Loans run credit checks?

No, Cash America Payday Loans will not run your credit with the three national credit reporting agencies (Equifax, Experian, and TransUnion). However, they may look at other databases to check your payment history.

What is the estimated funding time for a payday loan via Cash America Payday Loans?

Cash America Payday Loans will typically provide a credit approval decision in less than an hour and fund the loan within 7 business day .

For more information on payday loans, tribal loans, and their alternatives, read this guide.