FAQ
What do I need to get a loan?
Steady income of at least $1000.00/month that you can document.
Current active bank account and most recent statement.
Valid driver’s license or state id
Proof of residence
Is my transaction confidential?
Yes. Information about your account is confidential. We do not share your non-public personal information with unaffiliated third parties.
How do you determine if I qualify?
Many factors are taken into consideration but the three most important are monthly income, length of time at your current residence and length of time at your current place of employment.
What if my bank balance is in the negative or I have some returned checks on my statement? Will that disqualify me?
Not necessarily. Some factors (such as how long you have been employed, how much your earn each month or how long you have lived at your current residence) carry more weight than other. For instance, higher income amounts, long-term continuous employment by the same company and long-time residence in one place would increase your chances of being accepted more than a few returned checks or a negative balance on your bank statement would do to reject it.
How do you determine how much I can borrow my first time?
State laws determine the maximum amount you can borrow. Within those limits we subscribe to a company that provides us with a “risk assessment analysis”. They assign a number to your application-the higher the number the more you can borrow, up to the maximum. (Note: this number is not your credit score and has nothing to do with your credit report-we do not pull credit reports).
Is the payday loan industry regulated?
Yes. All payday loan companies in the state of Missouri are required to obtain a license from the Division of Finance. In order to maintain that license a store must receive an acceptable rating on their annual review performed by state regulators.
How are your fees determined?
We shop our local competition and consistently price our services at or below the area’s lowest. If you take the time to shop around, you will find many companies higher, a few the same but none lower.
What if I cannot pay the entire loan on my due date?
You may renew or “roll-over” your loan for another two weeks. If you do, it is strongly recommended that you pay a significant portion of your original principal amount toward the loan. This rollover feature is limited to six by state law, but only three as our company policy.
Your loans are for 14 day periods. What if I get paid monthly?
We can setup your account on a monthly basis.
What if I pay my loan off early?
Our interest is pro-rated. If you come into one of our offices and pay your loan off early with cash you can pick up your check and you will only be charged interest for the number of days you kept the loan out.
What do I need to bring with me?
Driver’s license (or State ID), most recent bank statement, most recent paycheck stub, checkbook and piece of mail (Payday loan) or utility bill in your name (Title loan).