| Payment Method | APR* | |
|---|---|---|
| Employer-Initiated Payment | 99% - 299% | |
| Terms for Employer Initiated Payment Method | ||
| Other Payment Methods | 185% - 390% | |
| Terms for Other Payment Methods |
A Revolving Line of Credit is an expensive form of credit and should be used for short-term financial needs only and not as a long-term financial solution.
If you make larger payments, you will pay less interest and you will pay down your Line of Credit sooner.
Examples are based on a single advance in the largest allowable amount per the applicable Credit Limit tier, and assume that minimum payments are made on time and that the first payment is due 14 days from the advance date.
Credit limit range
| Biweekly Payments | Repayment Time | Total Payments | Total Interest Paid |
|---|---|---|---|
| $97 | 7.75 Months | $1,571.44 | $871.44 |
Examples are based on a single advance in the largest allowable amount per the applicable Credit Limit tier, and assume that minimum payments are made on time and that the first payment is due 14 days from the advance date.
Credit limit range
| Biweekly Payments | Repayment Time | Total Payments | Total Interest Paid |
|---|---|---|---|
| $108 | 2.75 Months | $626.83 | $226.83 |
Document Preparation Fee:
$0
Cash Advance Fee:
$0
Annual Fee:
$0
Prepayment Penalty:
$0
Delinquency Charge:
$25 or 5%
$25 or 5% of the unpaid amount of the Minimum Payment, whichever is less, if any Minimum Payment is not paid in full within ten (10) days after its scheduled due date.
If you miss a payment and default on your Revolving Credit Agreement, it is possible that a lawsuit could be brought against you.
CASH 1 KS, LLC (“CASH 1”) is a Supervised Lender (SL 0026798) licensed by the Kansas Office of the State Bank Commissioner.
The contact information for the Kansas Office of the State Bank Commissioner is as follows:
Address: Jayhawk Tower, 700 SW Jackson St., Suite 300
Topeka, KS 66603-3796
Phone: 785-296-2266
Fax: 785-296-6037
Is it necessary for me to borrow the money?
Do I understand how the Line of Credit works and what my obligations will be?
Can I afford to make the payments on this Line of Credit?
Will I be able to pay my regular bills and repay this Line of Credit?
Can I afford the extra charges, interest, and fees that may be applied if I miss or fail to make a payment?
Are other credit options available to me at this time?
Customers with credit difficulties should seek credit counseling before entering into a Revolving Line of Credit.
Please see the following link to the U.S. Department of Justice website for a list of federally approved credit counseling agencies: