CALL (866) 525-CASH (2274) for the location nearest you!
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Frequently Asked Questions | |
Payday Advances A payday advance is a short-term financial management tool, which is designed for anyone who is need of emergency cash until his or her next payday. An increasing number of consumers choose a payday advance to cover unexpected expenses or to bridge a short-term cash need without incurring revolving debt. Payday Advances are a sensible alternative to costly bounced checks, late payment charges, and tarnished credit. It's Simple. A person who qualifies will write a check today for the amount borrowed plus the fee. He or she would then receive instant cash for the amount borrowed (minus the fee). The check written would be held until your next payday, not to exceed 31 days. Applying for a payday advance is quick and easy. All you need in order to qualify is an open checking account, verifiable home phone number and a verifiable source of income. Helpful: When applying for a payday advance it is helpful, however not necessary to have a copy of your most recent pay stub and/or phone bill. Providing this information will make the approval process even faster. 5-10 minutes! That's right! Once you have completed the payday advance application and submitted it to one of our friendly staff members, it only takes about 5 minutes to have your payday advance approved. There is no credit check and the process is completely confidential Our fees are in compliance with applicable state and federal law. This service is performed for a one-time flat fee of $17.65 per $100 borrowed. Example: If you needed $200 cash today you simply would write West Coast Cash a check for the amount of $235.30 Date the check for your next payday or the following business day and receive instant cash of $200. Amount paid directly to you $200.00 Total Prepaid finance charge $35.30 Total advance amount $235.30 The Annually Percentage Rate if your $200 advance is due 14 days from today is 460.16%. The Annual Percentage Rate (APR) will increase if the term is less than 14 days or decrease if the term is more than 14 days.See Fee Schedule State law regulates the maximum advance amount available to consumers. Within the allowed range, you qualify for a particular advance amount based on your current income. No. West Coast Cash is in business to assist customers in the time of short-term financial need. We do not review your credit report, but base our lending decision on your ability to repay the advance. We wouldn't really be helping if you received more than you have the ability to repay. No. State law stipulates that a payday advance service provider may transact only one payday advance per customer at any given time. Absolutely. West Coast Cash recognizes that you have the right to privacy. We also recognize that you have the right to expect your personal financial information to remain private and secure. Therefore, the safe keeping of customer information is a priority at West Coast Cash. written on the payday advance agreement/disclosure form? If we deposit your check and your bank returns it unpaid, you will be responsible for payment in full plus a $15 returned check fee. West Coast Cash is committed to collecting past due accounts in a professional and fair manner. Also, if necessary and appropriate, we may seek civil remedies to collect past due accounts. West Coast Cash charges a small percentage of the face amount of the check. We are not like other check cashing stores; we never charge for a check because of the amount thereof. If you have a payroll check for $400 or $5000, the rate stays the same. It is our goal to charge a competitive rate in all of the communities in which we do business. All branch locations have their rates posted as well as an informative rate sheet to take with you. Absolutely! It is our goal to do everything we can to cash your check. Many banks today won't even look at a check from out-of state. If they do, you probably won't receive the funds until the check clears their banking system. Many banks now refer customers to West Coast Cash because they are unable to process the transaction due to the bank's stringent guidelines. Yes. West Coast Cash gives you immediate cash rather than requiring you to wait days for your money. The Quick Collect® service allows you to send a payment directly to a participating lender in the United States. You will receive a Money Transfer Control Number [MTCN] as your confirmation that the payment was sent to your lender. With the MTCN you can contact your lender and confirm receipt of the payment. Most lenders participate at their own choice. You may contact your lender directly. The fee to send a Quick Collect transaction is $11.95. You will need the lender's CODE CITY, CODE STATE, and your billing account number in order to process the transaction. The lender can provide the correct CODE CITY and STATE if the lender accepts payments through the Quick Collect® service. |
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