123 Cash Store
123 Cash Store are short term loans that help people make ends meet in between pay periods. While they are not intended as a long term solution, 123 Cash Store are available anytime you need them. Trying to make the process easier, 123 Cash Store accept applications online or in person.
The advantages of getting payday loans from 123 Cash Store include:
- Immediate cash availability for urgent requirements
- Available even to individuals who have bad credit history
- Can be obtained through Internet from the comfort of home
- No need to provide security or collateral
- Cash is available immediately in emergency situation
- No need to borrow from any other person
- Safe and secure online transaction
- 123 Cash Store guarantees protection of personal and financial data provided by the applicant
123 Cash Store Process
Taking only a few minutes to complete, most applications are approved within an hour. Although the approval rate is high, the loan amount depends on your income. Only applicants with a complete application will receive a quick approval. Omitting or including false information slows the application process.
Qualifying for LoanThere are minimal requirements for each applicant. Those requirements include:
- being of legal age
- having a verifiable source of income
- having an active bank account
- applicant must be a US citizen or permanent resident
The exact rules and laws governing those offering 123 Cash Store vary from state to state. After a loan officer receives and approves your application, depending on the time and day you apply you will receive the money directly deposited into your back account within 24-48 hours. Because 123 Cash Store are the same as cash advancements, lenders expect you to repay the loan on your next pay period. The exact repayment terms are outlined in the loan agreement contract.
Your repayment method depend on the how you submitted your application. Those who applied for a 123 Cash Store in person are expected to return to the lender and repay the loan on the loan's maturity date. As a form of collateral, before receiving the money, the borrower writes the lender a postdated check for the loan amount, accrued interest and any other fees. If the borrower does not return to redeem the postdated check, the lender has the right to deposit the check as a form of payment.
Those applying for 123 Cash Store online have an easier repayment method. The lender simply debits your bank account on the agreed day for the agreed amount. The amount of time you have to repay the loan depends on the amount of money borrowed. You'll never have to speak or contact a loan representative unless problems arise with repaying the loan. Although full repayment is expected on the repayment date, those who are unable to pay the full amount must contact the lender to discuss extending the repayment in advance. Failure to contact the loan company may result in other fees such as bank fees for insufficient funds. Normally, when you are unable to make the full payment, the lender will allow you to pay the interest and extend your due date until the following pay period.
It's not required, but those who wish to repay all or part of the loan before the due date may do so. Any payment received before a pay date is credited towards the upcoming payment. Any excess amount of money paid on a repayment date is applied towards the principle balance and you'll make a regular payment on your 123 Cash Store as usual.