Frequently Asked Questions
Small Installment Loan companies make loans to consumers which are repaid in equal monthly installments. CashCo Loans range from $700 up to $3,000 and typically are paid over the term of 1 year.
We look at each application independently and never use credit scores or a scoring model alone to determine credit-worthiness. We examine the borrower’s stability, ability and willingness to repay the loan. We use budgets, references and credit reports, among other things to make our decision. Budgets in particular help us to ensure that the loan is AFFORDABLE. We consider our history with the borrower, many of whom are loyal customers who come back year after year.
We have many bilingual team members on hand to help you.
Our dedicated application department will do everything they can to get you a decision as quickly as possible. We strive, when possible, to get your application approved and funded in about an hour.
Once you have been approved, we will get the loan documents to your phone for signature and then transfer funds to your debit card.
Your payments will be due monthly with the first payment due one month from the date of your loan. Your loan document will clearly show all relevant information about payments. Before you receive your loan proceeds we will thoroughly explain your contract. We want to make doing business with us as simple and hassle-free as possible. You can make your payments in any CashCo branch in person where we gladly accept cash, money order, check, or debit card or pay by phone, by mail, or on-line.
Yes. You can repay any amount in advance at any time. Depending on the amount of your loan and when you make a pre-payment, it is possible that part of the finance charges will be rebated.
The payments, of course, depend on the amount of the loan and the length of the contract. Please let your Customer Service Representative know if our standard loan will not be ideal for your particular situation. We will try to be as flexible as possible and accommodate you if we can. Here is what a pretty typical loan looks like:
A Sample Contract
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