Cash 1 Loans

Frequently Asked Questions

Have questions about Installment Loans? Below is a list of questions that are commonly asked by CASH 1 customers. If you don't see your question here, please feel free to contact us to ask it. If it becomes a frequently asked question, you may see it on this list in the future.

What Is An Installment Loan?

Unlike traditional short term cash loans, an Installment Loan is spread out over a specified number of months making it possible to borrow more money and repay the loan over time with a lower associated payment. The Nevada Personal Installment Loan for CASH 1 is for a period of 90 days, or a three month term. A CASH 1 Nevada Title Installment Loan has a repayment period not to exceed 210 days. As with all of the installment products offered by CASH 1, there is never a prepayment penalty, so you can pay your loan back prior to the term and only pay interest on the money you borrow for the time you borrow it.

How Can I Apply For An Online Installment Loan?

Completing an online application at our website at https://www.cash1loans.com/installment-loans.aspx, or by calling our toll free number 1 (844) 831-4198 can get you pre-approved for an installment loan in as little as fifteen minutes. Once you are pre-approved, the loan can be finalized and you can receive your funds at any one of the six CASH 1 store locations in Las Vegas or our store in Reno, Nevada.

How Much Can I Borrow On An Installment Loan?

CASH 1 offers Nevada Personal Installment Loans from $50 to $1500 for residents of the state of Nevada. For a Nevada Title Installment Loan, customers may borrow from $50 to $50, 000, based on their income and ability to repay, and the equity available in the vehicle.

What Are The Steps To Get An Installment Loan?

To complete the process to get a CASH 1 Installment Loan, simply start the quick loan process at our website at https://www.cash1loans.com/installment-loans.aspx, or by calling our toll free number 1 (844) 831-4198. Once you are preapproved, simple go to the nearest CASH 1 location in Las Vegas or Reno to sign your loan documents and receive your cash. For a complete list of locations in Nevada, please visit our website at https://www.cash1loans.com/locations/nevada.aspx.

How Long Does It Take To Get Approved For An Installment Loan?

The pre-approval process for a CASH 1 Personal Installment Loan can usually be completed in as little as fifteen minutes! To help expedite your loan, have the following items available: Proof of income such as your most current bank statement or last two paystubs, a valid government issued ID, and an open and active checking account or direct deposit card. For a Nevada Title Installment Loan, your vehicle title will be required.

How Do I Check The Status Of My Installment Loan Application?

If you have any questions about the status of your online application or where you are in the loan process, simply call one of our call center professionals at (844) 831-4198. Our trained call-center representatives can get you preapproved and direct your application onto the nearest store, providing you the location, phone number and operating hours of the location where you can pick up your cash..

Can I Get An Installment Loan With Bad Credit Or No Credit?

At CASH 1, your traditional credit score does not come into play for getting you the cash you need. As long as you have proof of income, a valid government issued ID, an open checking account or direct deposit card.

When Will I Receive The Funds From My Installment Loan?

In most instances, funds are disbursed on the same day the loan is finalized. Often this is as short as fifteen minutes.

What Are The Limits Of An Installment Loan With CASH 1?

For a Personal Installment Loan, the maximum that can be lent is $1500 since there is no collateral in place to secure the loan. With the Nevada Title Installment Loan, however, CASH 1 can lend as much as $50, 000 providing that the customer's income qualifies to support the loan amount and that adequate equity is available in the vehicle.

How Do Installment Loans Work?

Installment Loans work the same as other loans where a set number of payments are in place to pay the loan back in full. Nevada Personal Installment Loans are short term loans with smaller payments spread out over a set number of days, depending on the Installment Loan type (personal or title based). Customers are free to pay larger amounts, saving themselves interest on the loan by increasing the amount that goes to principle. Additionally, all loan products offered by CASH 1 have no early payoff penalty. Just another reason the choose CASH 1 for your loan needs.

How Long Do I Have To Pay Back My Nevada Installment Loan?

The term, or maximum time you have to pay back your Nevada Installment Loan depends on the type of loan that is secured. The Personal Installment Loan with CASH 1 has a term of three months, or 90 days to repay. The Title Installment Loan, however, has a term of 210 days to repay.

Do I Need To Be Employed? Can I Be Retired?

Because the loan qualification requires proof of income and not proof of employment, it is possible to be approved for a CASH 1 Installment Loan using your retirement income to satisfy the proof of income requirement.

What Happens If I Can't Pay Back My Loan On Time?

We understand that sometimes a customer may need some extra time to come up with all the funds they need for a payment. We will do our best to work with you with the understanding a loan is a financial obligation tied to an agreement. In the event of unforeseen circumstances that would prevent you from making your loan payment when scheduled, immediately contact the store to discuss alternative payment arrangements and a commitment date for making your scheduled payment. Always review your contract and the "Know Before You Owe" document provided during lending to understand the full scope of possible outcomes, what you should expect of CASH 1 as well as what CASH 1 expects from the borrower when it comes to payment fulfillment.

Frequently Asked Questions About Title Loans

How Do I Get a Title Loan?

Are you looking for answers about Title Loans? We've compiled a list of commonly asked questions about CASH 1 Title Loans. If you don't see your question here, please contact us to ask it and we'll get back to you as soon as possible with an answer.

What Is A Title Loan?

A Title Loan is a loan secured by the title on a personal vehicle such as a car, truck, RV or motorcycle in which the lender becomes the lienholder until the loan is satisfied. In order to secure a Title Loan, the title has to be in the personal name of the borrower and not other title options, such as the name of a business. The title is then held by the lender until the loan is satisfied. Once the loan is paid off, the lien is released and the borrower is reissued a clear title.

How Do Online Title Loans Work?

Cash Title Loans work by using the title of your vehicle as collateral. With a CASH 1 Title Loan, get cash today and keep your car!

How Much Can I Get for a Title Loan?

When you need money fast, CASH 1 will lend $150-$50, 000 with a Title Loan. Let one of our trained representatives complete a vehicle evaluation to determine what we are able to lend. Other factors, such as net income, will determine the maximum loan amount and payment options.

Does It Matter If I Have Bad Credit Or No Credit?

Whether you have bad credit or no credit at all, CASH 1 can get you approved for a loan based on your vehicle's value and your ability to repay. Your title and your proof of income are your credit for a Title Loan with CASH 1!

When Will I Receive My Loan?

Once your application is received in the store and reviewed, a quick appraisal on the vehicle will be performed to determine the amount we are able to lend. The entire process from start to finish typically takes less than fifteen minutes to complete and have you on your way with the cash you need.

What If I Lost My Title, What Do I Do?

If you have misplaced your title, a duplicate can be reissued at the MVD or DMV in the state where the vehicle is registered. While the cost of the title may be slightly more, you may also visit a third party MVD or DMV. Some of our CASH 1 stores are able to perform this function, making it a “one stop shop” from getting your title to getting you the cash you need.

I Have Two Cars. Can I Get One Loan Based On Both?

Yes you can! It is not uncommon for customers to utilize more than one vehicle to secure the funds they need. As long as the income supports the loan amount, multiple vehicles can be used to lend a greater amount than can be supported by one vehicle alone.

How May I Know That I Am Qualified For Credit Services And A Loan?

There are a number of ways to complete the application and get preapproved for the funds you need. Completing the online application, calling into our call center to get preapproved or visiting one of our store locations in Arizona or Nevada are all ways our customers have the option to use to get qualified. Regardless of the option you choose, let CASH 1 get you the cash you need in as little as thirty minutes.

How Long Does It Take To Get A Loan Approved?

Once you have been approved your cash can be picked up in store. Typically that approval process will be quick and have the customer on their way in about fifteen minutes or less.

What If There Are Two Names On The Title? Will It Be A Problem To Get A Loan?

How the names appear on a title is important in determining how the loan is processed. This is due to regulatory compliance issues and MVD or DMV regulations. If the title of the vehicle is in an individual's name, only that individual needs to be on the loan application. An "or" title allows either party named to take out a loan on the title, even when the other party is not present. When "and" or "and/ or" join the parties names, both parties need to sign the agreement acknowledging the loan/ lien even if only one party is going to be financially responsible for the payments.

What If I Am On Disability Or Retired? Can I Still Be Approved For A Title Loan?

Yes! Disability and SSI can both be considered as income to determine the amount we are able to lend. Providing all other loan requirements are met (no active duty, a valid state or federal ID, clear car title, and an appraisal of the vehicle), retirement and/ or disability can be used to determine loan approval and the amount a customer is eligible for.

Do I Have To Go Into The Store To Make A Payment?

While some people chose to conduct business in person, it is not necessary to visit the store to make your payments with CASH 1. Payments can also be made through credit/debit cards, over the phone. Whichever payment options you choose, CASH 1 does not charge additional fees for any of the payment options provided.

Can I Extend My Title Loan Due Date?

While payments or commitments may be made for a time later than the scheduled payment due date, it is important to know this DOES affect the amount of the payment that goes toward interest and what goes to principal. Interest accrues daily on Title Loans, so if payments are made late a smaller or even no principal reduction will occur on the balance of the loan.

Do I Have Full Use Of The Vehicle During The Term Of The Loan?

While a lien is placed on the vehicle, the customer is still the owner and reserves full use of the vehicle during the duration of the Title Loan. It is important to pay the loan on time and stay in contact with the store that holds the loan should payment arrangements need to be made. Failure to stay in contact or make payments on your Title Loan can result in loss of the vehicle per the loan agreement. Always review the "Know Before You Owe" document prior to entering into the agreement.

I Have An Older Car, Will That Affect My Interest Rate?

Only the amount borrowed is a determining factor in the interest rate. Providing the value of the vehicle supports the loan, CASH 1 is able to lend on your vehicle regardless of the age. While an older car may at times increase the value because they are antiques, not all old cars are antique or collector cars when it comes to vehicle value. With CASH 1, typically the higher the loan amount, the lower the interest.