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The Dollar Loan Center is a payday loan alternative store located in South Dakota, Utah and Nevada. Customers living in these states have the option of applying for a loan online or in person at one of their many stores. At The Dollar Loan Center, you are not required to leave them with a post-dated check or any other form of collateral for your loan.

How The Dollar Loan Center Loans Differ From Payday Loans

The Dollar Loan Center offers what is called a signature loan. That means that you can be approved for a loan with just your signature and no other information required. The company does not charge an application fee or any other up-front fees, and charges interest on a daily basis. You may repay your loan at any time without penalty, and you are charged interest on a daily basis so the interest stops accruing the moment you pay off the loan.

If you are able to make additional payments toward the loan before it is paid in full, any excess amount will go toward lowering the principal balance, which automatically lowers the amount of interest that you pay. Another difference between The Dollar Loan Center and typical payday loan companies is that you are not required to have a checking account established in order to get a loan. For this reason, people often consolidate several payday loans with a personal loan from The Dollar Loan Center.

The Dollar Loan Center Will Beat the Rate of Payday Loan Companies

Customers who live near one of the several Dollar Loan Centers may bring in the contract from their current payday loan and The Dollar Loan Center will offer a better interest rate, guaranteed. There are some stipulations on this guarantee, including meeting The Dollar Loan Center's minimum requirements, having a payday loan from a local company and producing the payday loan contract in person. If these qualifications are met and The Dollar Loan Center is unable to match or beat the rate charged by the payday loan center, they will give the customer the loan for free.

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12y ago

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