Checkmate is a payday lender based in Phoenix, Arizona. The company, which was launched over 20 years ago, is a direct lender and has stores in five states. Checkmate is a member of the Financial Service Centers of America and the California Financial Service Providers Association.

How Does Checkmate Work?

Checkmate provides loans through its stores. You can start the process applying online, which will save time when you arrive at your local store, but you must collect the cash from one of its stores. The only exception is Washington, where you can apply for a Checkmate Express loan and have the cash deposited in your bank account or Visa debit card.

What Are Checkmate's Interest Rates?

Interest rates range from 165.12% to 912.5% depending on how much you borrow, which state you live in and how long you take to repay the loan. This translates to a finance charge of $16 to $17.50 for every $100 you borrow.

How Much Money Can I Borrow?

Maximum loan amounts vary by state but range from $50 to $1,000. State laws also determine maximum loan amounts. In New Mexico, the maximum loan is $300, in California it's $255, in Colorado and Arizona it's $500, and in Washington it's $700. The cost of a loan also varies widely by state. For instance, a $500 loan with a 14-day term will cost you $75 in Washington. The same loan in Arizona would set you back $87.5.

What Is the Application Process Like?

The application process only takes a few minutes to complete and you'll know if you're approved on the spot. Checkmate will not check your credit but in some areas it does use a risk assessment service to make sure you don't have any outstanding loans with other payday lenders.

How Is Checkmate Better Than Other Lenders?

Checkmate is registered and licensed in all the states it operates. It doesn't check credit ratings and offers fast loans at competitive rates when compared to other payday lenders. However, it's only an option for borrowers in Arizona, California, Colorado, New Mexico and Washington. Checkmate stores also offer title loans, check cashing services and installment loans.

  • Advance Fee APR
    165.12% - 912.5%
  • Desired Loan Amount
    $50 - $1000
  • No Credit Check
  • No Other Outstanding Loans
  • Direct Deposit
  • Instant Decision
  • Online Application
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0 votes

Very quick process, to get emergency funds that are needed. Customer service rep was very friendly and very professional.It was fast easy and I had my answer in 2 minutes! Great way to get cash fast.

0 votes

I would recommend Checkmate to all my friends application process is easy no hassles from customer service speedy approval process I had my money in less than 24 hours from when I applied. Checkmate you guys rock!

0 votes

I was in desperate need of some quick cash and when I searched on-line I found you. Thank goodness for a quick and easy way to get some money in my bank account. I am very pleased with the service and speed that I received!

0 votes

this was the worst place ive ever been. had me wait for 40 mins to tell me they cant cash my check. i am signing only to write this review. if you could give a zero star rating i would because 1 star is far too generous for these clowns. They called my company verified amount verified id made phone calls to the mgr. ask me to wait while they helped someone else. then after 40 mins simply said the owner doesn't want to do it. What a huge waste ... of my valuable time. I only went there because my bank was closed. I'll never go there again. More Less

0 votes

I have always had fair luck when it comes to Checkmate payday loans. The majority of the work is online, then you go into a store ready to go and get the loan amount you need/qualified for. They take the lines out of the process and it makes happier customers, and happy customers will come back

0 votes

The interst rates here are higher than most places, but the customer service and the amount of time they have been in business makes me believe they somewhat know what they are doing. You will end up paying around $20 per $100 that you borrow, But If you need the money fast, it is a small price to pay

0 votes

Checkmate got me exactly where I needed to be. I needed a small short-term payday loan to pay my deductable to get my car repaired and back into my driveway ASAP. I dont know a lot of people who just have $500 extra just ready for the mechanic. Maybe I need to find more successful friends, and I can ask them to borrow money next time

0 votes

My bank who I have been with for over ten years in good standing denied me a loan, so I came into Checkmate and I wish I could open up a bank account here instead. They made it so easy and didnt hastle me with big financial words like the bank did. And I actually got the loan

0 votes

I got denied from this place because of the credit of past residents in my home. I guess when someone defaults on a loan, the address can go onto a do not loan to this address list. Well I have never taken out a loan of any kind, but I am still getting treated as though I am a chronic defaulter

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