Online Loans FAQs

When you think about borrowing money in an emergency, online loans appear as one of the convenient and fast options. If you are new to getting a loan online, we know that you might be having plenty of doubts in your mind. A more comprehensive understanding and in-depth knowledge of online loans can help you make an informed decision.

We have deliberately divided all the frequently asked questions about our online loans into different categories below to help you quickly find the answer you're looking for.

Loan Basics

CASH 1 offers online loan services within select states. Our online loan offerings include loans commonly referred to as installment loans, cash advances, and lines of credit.

Online Installment loans are short-term personal loans that you pay back in installments over time. Once you receive your approval for an online loan with installment payments, you'll typically get the loan amount deposited in your bank account the next business day. The loan terms vary by state and typically range between 3 and 18 months.

A line of credit is an open-ended borrowing option. Unlike a traditional payday or installment loan, a line of credit remains active even after you have paid it down to a zero balance. You can draw the entire amount or smaller amounts over time, as long as you have available credit and your account is in good standing. Interest is only charged on the part of the money you use, not your entire credit limit.

Cash advances are small-dollar personal loans that come in a variety of terms. Payments will include the principal loan amount and a finance charge. These online loans are commonly used for unexpected expenses like emergency car repairs or non-recurring bills.

Online installment loans, online cash advances, or a line of credit are borrowing options that you can complete 100% online. The process begins with filling out a loan application online. Once you submit your application, the lender will provide you with a lending decision. If approved, you will select your loan amount and sign your loan documents electronically.

After your loan documents are signed, your money is sent directly to your bank account, typically the next business day. Your repayment of the loan, most commonly, is in the form of electronic payment from your bank account on your due date. Here's a tip: To make repayment easy, set up automatic payments.

For over 20 years, CASH 1 has provided hassle-free loans to people denied by traditional banks and other lenders. At CASH 1, we know you're more than just a credit score. Our approval process is streamlined, providing you with access to cash when you need it.

Loan Application

As a direct lender, we currently offer online Installment loans and cash advances in Arizona and Nevada. The Line of Credit is currently offered in Utah, Louisiana, Kansas, Missouri, and Idaho.

Once you are ready to apply for the Online Loan of your choice, simply click "Apply Now" at the top of the page. Remember that the application documentation will vary by state and loan type. Below are the easy steps you'll need to complete to apply.
Step 1: Start your online application and provide your personal information.
Step 2: Receive your pre-approval amount in seconds.
Step 3: Accept your loan and set up payments.
Step 4: Electronically sign your loan agreements.
Step 5: Recieve your cash directly deposited in your bank account.

In most states you will only need the following to apply for an online loan:
  • 18 Years of Age or Older
  • Open Checking Account
  • Proof of Income
  • Not on Active Duty in Military

Loan amounts and credit limits will vary by state. Please review our Rates and Terms page to learn more about the loan product available in your state of residence.

Suppose we approve your application before 10:00 AM PST, your loan funds the same business day. Approvals after 10:00 AM PST will typically fund the next business day.

Our online application guides you through each step, and if you have any questions, our loan agents are available to answer. The amount of your loan approval and repayment terms are clearly defined upfront without any hidden fees. Our goal is always to ensure that your new loan and terms are as straightforward as possible.

If your application is approved and processed before 10:00 AM PST your loan can be funded the same business day.

Even with a poor credit history or previous bankruptcy filing, you still may be eligible to receive an online loan. We believe you are more than a credit score, and we use a proprietary method to assess loan worthiness and approval limits.

The fees are specific to your state. For online loans available in your state, you can view fee information here.

Our Online Loan process is paperless in most cases, making it easy to get the money you need. In some states, you may be required to provide additional documentation, but you can always send or email your documents to us.

Loan Repayment

On your loan payment due date, we send an electronic request to your bank for the specified amount of loan fees and/or principal that is outlined in your loan agreement. Usually, your payment(s) will be withdrawn from your checking account on your loan's due date via ACH (Automated Clearing House) or other electronic repayment methods. Keep in mind that there may be other repayment options available, depending on your loan type.

Yes, CASH 1 has an option to sign up with AutoPay. If you consent to AutoPay, your payments will be automatically processed on your due date with the information you provided.

An Online Cash Advance Loan will most commonly be due on your payday schedule. Online Installment Loans typically allow for a longer time to pay back via multiple installment payments. Each state has its laws and regulations for your loan repayment.

CASH 1 will work with you to establish payment arrangements for your Online Loan and get you back on track. And We're committed to collecting past due accounts in a professional, fair and lawful manner. If you cannot pay your loan on time, please contact us as soon as possible or visit your nearest local store or our toll-free number.

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