What Is an Installment Loan?

Frequently Asked Questions

Have questions about Installment Loans? Below is a list of questions that are commonly asked by CASH 1 customers. If you don't see your question here, please feel free to contact us to ask it. If it becomes a frequently asked question, you may see it on this list in the future.

Unlike traditional short term cash loans, an Installment Loan is spread out over a specified number of months making it possible to borrow more money and repay the loan over time with a lower associated payment. The Nevada Personal Installment Loan for CASH 1 is for a period of 90 days, or a three month term. A CASH 1 Nevada Title Installment Loan has a repayment period not to exceed 210 days. As with all of the installment products offered by CASH 1, there is never a prepayment penalty, so you can pay your loan back prior to the term and only pay interest on the money you borrow for the time you borrow it.
Completing an online application at our website at https://www.cash1loans.com/installment-loans.aspx, or by calling our toll free number 1 (844) 831-4198 can get you pre-approved for an installment loan in as little as fifteen minutes. Once you are pre-approved, the loan can be finalized and you can receive your funds at any one of the six CASH 1 store locations in Las Vegas or our store in Reno, Nevada.
CASH 1 offers Nevada Personal Installment Loans from $50 to $1500 for residents of the state of Nevada. For a Nevada Title Installment Loan, customers may borrow from $50 to $50,000, based on their income and ability to repay, and the equity available in the vehicle.
To complete the process to get a CASH 1 Installment Loan, simply start the quick loan process at our website at https://www.cash1loans.com/installment-loans.aspx, or by calling our toll free number 1 (844) 831-4198. Once you are preapproved, simple go to the nearest CASH 1 location in Las Vegas or Reno to sign your loan documents and receive your cash. For a complete list of locations in Nevada, please visit our website at https://www.cash1loans.com/locations/nevada.aspx.
The pre-approval process for a CASH 1 Personal Installment Loan can usually be completed in as little as fifteen minutes! To help expedite your loan, have the following items available: Proof of income such as your most current bank statement or last two paystubs, a valid government issued ID, and an open and active checking account or direct deposit card. For a Nevada Title Installment Loan, your vehicle title will be required.
If you have any questions about the status of your online application or where you are in the loan process, simply call one of our call center professionals at (844) 831-4198. Our trained call-center representatives can get you preapproved and direct your application onto the nearest store, providing you the location, phone number and operating hours of the location where you can pick up your cash..
At CASH 1, your traditional credit score does not come into play for getting you the cash you need. As long as you have proof of income, a valid government issued ID, an open checking account or direct deposit card.
In most instances, funds are disbursed on the same day the loan is finalized. Often this is as short as fifteen minutes.
For a Personal Installment Loan, the maximum that can be lent is $1500 since there is no collateral in place to secure the loan. With the Nevada Title Installment Loan, however, CASH 1 can lend as much as $50,000 providing that the customer's income qualifies to support the loan amount and that adequate equity is available in the vehicle.
Installment Loans work the same as other loans where a set number of payments are in place to pay the loan back in full. Nevada Personal Installment Loans are short term loans with smaller payments spread out over a set number of days, depending on the Installment Loan type (personal or title based). Customers are free to pay larger amounts, saving themselves interest on the loan by increasing the amount that goes to principle. Additionally, all loan products offered by CASH 1 have no early payoff penalty. Just another reason the choose CASH 1 for your loan needs.
The term, or maximum time you have to pay back your Nevada Installment Loan depends on the type of loan that is secured. The Personal Installment Loan with CASH 1 has a term of three months, or 90 days to repay. The Title Installment Loan, however, has a term of 210 days to repay.
Because the loan qualification requires proof of income and not proof of employment, it is possible to be approved for a CASH 1 Installment Loan using your retirement income to satisfy the proof of income requirement.
We understand that sometimes a customer may need some extra time to come up with all the funds they need for a payment. We will do our best to work with you with the understanding a loan is a financial obligation tied to an agreement. In the event of unforeseen circumstances that would prevent you from making your loan payment when scheduled, immediately contact the store to discuss alternative payment arrangements and a commitment date for making your scheduled payment. Always review your contract and the "Know Before You Owe" document provided during lending to understand the full scope of possible outcomes, what you should expect of CASH 1 as well as what CASH 1 expects from the borrower when it comes to payment fulfillment.

Are you looking for an Installment Loan in Arizona or Nevada?

If you have additional questions about Installment Loans in Nevada or Arizona contact us at 844-831-4198.