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Check Into Cash, a well-known payday loan provider, has business operations that are similar to other payday lenders. The process is summarized as follows:

(physical store)

* Provide identity, employment and checking information to store associate

* With the basic information, the company will try to approve the loan

* (if not approved) Provide copies of paystubs to store associate

* Once approved, you will find out how much the organization will lend you

* Write a postdated check to Check Into Cash for the amount being lent (dated for your next payday)

* Check Into Cash will give you the amount less the "origination" fees associated (generally $7 to $25 per $100 lent)

* In between now and payday, you may go back to Check Into Cash and extend the loan by paying "extention" fees (same as the origination fees)

* When you finally reach payday, after all extentions, Check Into Cash will cash your check

(internet/online/kiosk)

* Enter identity, employment and checking information into web form

* With the basic information, the company will try to approve the loan

* (if not approved) fax pay stubs to the company

* If approved, you will be asked to authorize your checking account for electronic payments (in and out) of the account

* Check Into Cash will depost the money into your account (less origination fees) the next business day

* In between now and payday, you may go back to the website and extend your loan, whereby the extention fees will be debited from your account

* When you finally reach payday, after all extentions, Check Into Cash will debit your account for the original loan amount

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14y ago

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