Know Before You Owe

Disclosures for Utah Revolving Line of Credit

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Who Is the Creditor?

CASH 1, LLC Loans

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Annual Percentage Rate

Your Annual Percentage Rate (APR) and minimum payments will be calculated depending upon the payment method you choose at the origination of your Line of Credit.
If you choose to repay your Line of Credit via an Employer-Initiated Payment, your Annual Percentage Rate will range between 99% and 299% based on your credit limit.
If you choose to repay your Line of Credit via a different payment method, your Annual Percentage Rate will range between 185% and 390% based on your credit limit.

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Important Notice

A Revolving Line of Credit is an expensive form of credit intended to meet short-term cash needs. It is not intended to meet long-term financial needs. If you make larger payments, you will pay less interest and you will pay down your Line of Credit sooner.

Terms For Employer-initiated Payment Method

Credit Limit Range $0 to $700

APR

Biweekly Payments

Repayment Time

Total Payments

Total Interest Paid

299%

$97

7.75 Months

$1,571.44

$871.44

Credit Limit Range $701 to $1,000

APR

Biweekly Payments

Repayment Time

Total Payments

Total Interest Paid

199%

$97

10.25 Months

$2,038.79

$1,038.79

Credit Limit Range $1,001 to $1,300

APR

Biweekly Payments

Repayment Time

Total Payments

Total Interest Paid

149%

$117

8.75 Months

$2,122.20

$822.20

Credit Limit Range $1,301 to $2,000

APR

Biweekly Payments

Repayment Time

Total Payments

Total Interest Paid

99%

$97

13.25 Months

$3,287.91

$1,287.91

Examples are based on a single advance in the largest allowable amount per the applicable Credit Line tier, and assume that minimum payments are made on time and that the first payment is due 14 days from the advance date.

Terms For Other Payment Methods

Credit Limit Range $0 to $400

APR

Biweekly Payments

Repayment Time

Total Payments

Total Interest Paid

390%

$108

2.75 Months

$626.83

$226.83

Credit Limit Range $401 to $700

APR

Biweekly Payments

Repayment Time

Total Payments

Total Interest Paid

345%

$133

4.5 Months

$1,277.95

$577.95

Credit Limit Range $701 to $1,000

APR

Biweekly Payments

Repayment Time

Total Payments

Total Interest Paid

280%

$140

7 Months

$2,001.43

$1,001.43

Credit Limit Range $1,001 to $1,300

APR

Biweekly Payments

Repayment Time

Total Payments

Total Interest Paid

225%

$143

8.75 Months

$2,653.26

$1,353.26

Credit Limit Range $1,301 to $2,000

APR

Biweekly Payments

Repayment Time

Total Payments

Total Interest Paid

185%

$180

10.5 Months

$4,079.55

$2,079.55

Examples are based on a single advance in the largest allowable amount per the applicable Credit Line tier, and assume that minimum payments are made on time and that the first payment is due 14 days from the advance date.

 
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Fees

Document Preparation Fee: $0

Cash Advance Fee: $0

Annual Fee: $0

Maintenance Fee: $0

Processing Fee: $0

Prepayment Penalty: $0

Delinquency Charge: $20 if any minimum payment is not paid on its scheduled due date.

 
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Warning: If You Default On Your Installment Loans, You Could Be Sued!

If you miss a payment and default on the Line of Credit Agreement, it is possible that a lawsuit could be brought against you and your wages could be garnished.

 
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Questions To Ask Yourself

  • Is it necessary for me to borrow the money?
  • Do I understand how the Line of Credit works and what my obligations will be?
  • Can I afford to make the payments on this Line of Credit?
  • Will I be able to pay my regular bills and repay this Line of Credit?
  • Can I afford the extra charges, interest, and fees that may be applied if I miss or fail to make a payment?
  • Are other credit options available to me at this time?

Contact Information For Consumer Counseling
Please see the following link to the U.S. Department of Justice website for a list of federally approved credit counseling agencies: http://www.justice.gov/ust/eo/bapcpa/ccde/cc_approved.htm

Spanish Translation
A Spanish translation of this entire document is available upon request. Una traduccion en espanol de este acuerdo esta disponible bajo peticion.