The Check Cashing Store, a Dollar Financial Group, Inc. brand, is trusted and offers many financial services. With multiple locations in Florida, we offer fast, secure and convenient services so you can manage your finances with ease. Our simple and easy solutions are for individuals and small businesses so you can feel comfortable managing your financial needs.

Pros and Cons

Pros

1. Many Financial Services. The Check Cashing Store offers check cashing, payday loans, Western Union money transfers, money orders, prepaid cards and small business services.

2. Easy Application Process. The loan application process is 3 simple steps and can be done online, in-store or through The Check Cashing Store app. So easy and hassle free to get a loan.

3. Immediate Access To Funds. Once approved, you can choose to get your funds in-store or have them deposited directly into your checking account. So you can get cash when you need it.

Cons

1. High APR On Loans. Payday and Payday Plus loans from The Check Cashing Store have high Annual Percentage Rates (APR) – 390.8% for Payday loans (14-day term) and 203.27% for Payday Plus loans (61-day term). So borrowing can be expensive.

2. Only In Florida. The Check Cashing Store services are only available to Florida residents so if you live outside of Florida you are out of luck.

3. In-Store Application Required For Some Services. Although you can apply online, some services still require an in-store visit which may not be convenient for everyone.

How to Apply for a Loan?

1. Choose Your Application Method. Apply online or in-store whichever is more convenient for you.

2. Fill Out Application. Fill out the application and provide all required personal and financial information.

3. Have Required Documents Ready. Have government-Issued ID, proof of income and bank account information ready.

4. Submit Application. Once you have filled out the application and all required documents, submit.

5. Wait For Approval. The review process is fast and you will be notified soon.

Conditions and Requirements

Conditions

1. Loan Types. The Check Cashing Store offers Payday loans and Payday Plus loans. Each type has its own terms and conditions. Payday loan 390.8% APR (14-day term) and Payday Plus loan 203.27% APR (61-day term).

2. Loan Amount. You can borrow up to $1,000 depending on your eligibility and the loan product you choose.

3. Repayment Terms. Repayment terms vary depending on the loan type and your pay frequency and pay date. Repayment schedule will be determined during the loan approval process.

Requirements

1. Age. You must be 18 or 19 years old to apply for a loan.

2. Residency. You must be a resident of the state you are applying in.

3. Government-Issued ID. Valid ID such as a driver’s license or passport to verify your identity.

4. Proof Of Income. Pay stubs or bank statements to prove your income.

5. Active Checking Account. You must have an active checking account where the loan funds can be deposited and from which payments can be withdrawn.

How to Choose a Lender

1. Verify Licensing. Make sure the lender is licensed in your state. Check with your state regulator or attorney general to confirm. This is important to avoid illegal lenders and protect your consumer rights.

2. Check Membership In Reputable Associations. Look for lenders that are members of reputable associations such as the Community Financial Services Association of America. Membership in these organizations means they are reliable and follow industry standards.

3. Read Terms And Conditions. Read all the terms and conditions of the loan agreement. Read the fine print to understand the lender’s policies, fees and your obligations as a borrower.

4. Review Interest Rates And Total Loan Cost. Review the interest rates on the loan and make sure your contract has a breakdown of the total cost of the loan. This will help you understand the full financial impact of borrowing and compare offers from different lenders.

5. Know Your Right Of Rescission. Take advantage of your right of rescission which is usually 3 days after signing the agreement. Or use the “cooling off” period to review the contract and make an informed decision before committing to the loan.

Check Cashing Store. Apply Online