What is a cash advance or short-term loan?
A cash advance is an unsecured, short-term cash loan to help you until your next payday. Customers choose cash advances to cover small, unexpected expenses while avoiding costly bounced-check fees and late payment penalties.
At Dollar Loan Center, apply online for a short-term loan and your advance can be electronically deposited to your checking or savings account.
Is bad credit a problem?
No! Dollar Loan Center is the leading authority in rapid cash loans for people with many types of credit scores. We’re not like the standard bank only able to lend to people with a perfect credit score.
Although we want to help absolutely everyone who applies, there are some circumstances that might prevent us from being able to approve a short-term loan. You will find on our FAQs page, we do our very best to find a method to help you when possible.
A credit score does not have an impact on a short-term loan or signature loan.
What if I only need to borrow money for a short time?
Fantastic! That is a perfect fit for Dollar Loan Center. We will only charge interest for the amount of time you need to have the money! You only pay interest the days that you have the loan.
Our FAQ page tells you there are never any upfront fees. This is a better deal than a payday loan where you would pay the same up-front fee, whether you need the loan for 6 days or 14 days.
Does Dollar Loan Center run a credit report?
On our Signature Loans, yes. However, we’re not looking for a perfect credit score to receive a signature loan or short-term loan. We do want to make sure that we are lending responsibly and protecting all parties involved from fraud on their signature loan.
I need to build credit. Do you report to the credit bureau?
We sure do! We report your payment history monthly. If your payments are on time, that in turn can quickly raise your credit rating with the various credit bureaus.
That’s just another great reason to choose Dollar Loan Center over a traditional payday loan company.
Is it all online or can I come into a store?
Normally, we can process short-term loans or signature loans for first-time customers in 30 minutes or less. If you’re an existing customer, processing a short-term loan normally takes less than 10 minutes.
How much can I borrow?
Each customer situation is different and the actual amount that we can lend can only be determined by fully processing the loan application, but we do make every effort to get you the amount that you request.
Does my credit line ever increase?
Absolutely! As your income improves or as you develop a good payment history your credit line may increase. Additionally, good payment history might affect your credit score, a short-term loan can have great benefits.
How often can I get a short-term loan?
We are available any time you need financial help between pay periods. We urge all of our customers to use the short-term loan or signature loan responsibly keeping in mind that a signature loan is a short-term solution to an urgent cash need; they should not be used repeatedly to deal with frequent budgeting issues, or to increase a credit score.
Do you hold checks for security on my loan?
No. Unlike a traditional payday loan, Dollar Loan Center’s short term loan doesn’t hold checks or need any collateral for you to get a loan.
What if I don't have a checking account?
Dollar Loan Center doesn’t require you to have a checking account to set up a credit line. The only time a checking account is required is when you want to get funded online and not come into a store.
What are your interest rates?
Rates vary from state to state however Dollar Loan Center offers a highly competitive interest rate. We comply with all state and federal laws and guarantee to beat the rate of any “payday loan” company in your area.
If we can’t, your loan interest is FREE*. Check out the Dollar Loan Center Guarantee and contact the store nearest you for more information.
*FREE means that no interest will be accrued on the loan. You will still be required to repay the principal amount of the loan.
Do I have to fill out an application every time I take out a loan?
No, if you have established your credit line with us within the last 12 months, all that you have to do is bring in your most recent paycheck stub and we can process you a new cash advance in minutes.