We cash all types of checks, regardless of amount, at very competitive rates.
After you complete the application, either online or in one of our conveniently located stores, we ask that you please bring:
- Valid ID
- Your most recent checking account statement
- Proof of income
- and a personal check
You must also be at least 19 years of age (or 18 and married) to qualify for a payday loan.
We do require that you have an active checking account.
At Check Depot, we lend from $50 to $500 on a payday loan. The amount of the payday loan is determined by your net income. We work very hard to lend you the amount you requested; however, we don't want to lend more than your income will support.
The loan must be repaid generally on your next payday. By law, the advance is due between 10 and 31 days of the contract date.
No, we will not obtain a credit report from any of the three major credit bureaus. Unlike many other financial institutions, we do not require that you have a good credit rating or credit history.
No, payday advances are not reported to traditional credit bureaus.
We are committed to collecting past due accounts in a professional, fair and lawful manner. We will work with you to arrange an orderly and timely repayment. Remember, you are responsible for full repayment of your account (including a returned check charge, when appropriate). We will contact you to collect the amount due and, if necessary, may turn your account over to a collection agency.
The agreement you read and sign prior to receiving a payday advance is a contract that complies with all applicable state and federal disclosure requirements. It fully outlines the terms of the payday advance transaction including the cost of the service fee both as a dollar amount and as an annual percentage rate (APR). Full disclosure provides all the information needed to make an informed financial decision.
