Check City

Visit Site

Check City specializes in doing personal loans. They would be considered more of a pay day loan company then a debt settlement company. Since they give the money to you to decide what to do with it puts you in control of taking care of your financial obligations.

How the process works with Check City is after you apply with them you will get notified if you are approved. After the approval you can get your money deposited into your account in as little as 3 business days. Depending on what state you live in you could take a loan from them for up to 2 weeks. On your next scheduled pay day Check City will make a automatic withdrawal from your checking account the amount of money your borrowed plus the fees they charge.

The fees involved when working with a pay day lender can be steep. Check City is not different. Most of their rates hover in the 15% range. Each state has different restrictions on how much they can charge. For instance, if you were to borrow $100 one week, the very next day you are scheduled to get paid, Check City would take $115 from your checking account. The $100 to cover the loan and the $15 fee they charge for giving you the money. Most states will only let you borrow up to $1500 from Check City.

There are times when you can extend your loan and you will have to call Check City to do so. You will still be charged the interest rate you agreed upon on at the time of application. You can pre-pay your loan back at anytime without penalty. If you think you will not be able to make the payments on time then Check City will work with you to get a plan taken care of to keep your account in good standing with them. All customers who keep their account in good standing will have an easier time getting approved on future loans.

Working with Check City is not a long term solution. You will not be able to get large sums of money to take care of a lot of debt. Instead you will be able to get a small amount of money to take care of your financial obligations. This is more of a quick fix. Be prepared to pay a fee near 15% or more when taking a loan. Even though Check City is not a debt settlement company by definition, you can at least get some quick cash to help you out of a jam.