Frequently Asked Questions
What types of loans does King of Kash provide?
King of Kash provides personal, signature, and installment loans to customers in multiple states.
What is a Signature Loan?
Signature loans, also known as personal loans or installment loans, are unsecured loans which do not require any collateral to be held or a traditional credit check to be performed for loan qualification purposes. All that is typically required is the borrower’s signature as a promise to repay the balance of the loan.
Why should I get a King of Kash Signature Loan vs. a payday or title loan?
A King of Kash Signature Loan offers a number of advantages:
Simple application—you won’t have to deal with a complicated application- Immediate funding—once approved you’ll have the funds before you leave
- Fixed monthly payments—allows you to budget for regular monthly payments
- Higher loan amounts—up to $5000
What do I need to qualify for a King of Kash loan?
Qualifications include:
- Open and active checking or savings account (for a minimum of 30 days)
- Debit or Credit Card in your name with a Visa or MasterCard logo
- Verifiable home or cell phone
- You must be at least 18
- U.S. citizen
- Verifiable Social Security number
- Valid photo I.D.
Does King of Kash perform credit checks?
We do not perform traditional credit checks, which means even if you do have bad credit it is possible to get approved for a loan from King of Kash. We use a variety of qualifications, based on the information we collect from you, to determine whether you will be approved or not.
Do I need to fax any information?
Depending on several factors, the requirements to be fully approved may vary. However, King of Kash loans can be fully approved without faxing or scanning any information.
How long does the application process take?
The application process is streamlined to fund your loan as quickly as possible. King of Kash is the Easy Loan Store.
How long does it take for loans to be funded?
Loans are funded immediately upon approval.
What are King of Kash’s hours of operations?
Store Locations:
- Monday – Friday: 10am until 6pm
- Saturday: 10am until 1pm
Customer Services & VIP Phone Center:
- Monday – Friday: 8am until 6pm
- Saturday: 9am until 1pm
King of Kash is closed on the following holidays:
- New Year’s Day (January 1)
- Memorial Day (Last Monday in May)
- Independence Day (July 4)
- Labor Day (First Monday in September)
- Thanksgiving Day (Fourth Thursday in November)
- Christmas Day (December 25)
How much can I borrow?
You can borrow from $100-$5000
- First loan can be as much as $800
- Future loans—based on timely payments—may increase up to a maximum of $5000. Most payday loans are under $1000
Do I need collateral to get an installment loan?
No.
Can I qualify for an installment loan if I have bad credit?
Yes. We don’t perform traditional credit checks however, additional qualifications do apply.
How do I get my loan?
Once a King of Kash customer is fully approved for their loan, King of Kash has the ability to issue the loan funds via the following methods:
- Physical check that can be printed and picked up at any of our convenient loan store locations
- Wire transfer, which is sent to your bank the same day between 9am and 3pm Modnay – Friday and sent to the bank the next banking day if full approved after 3pm Monday – Friday or on Saturday
- ACH transfer, which is sent to your bank the next banking day
Can I pay my installment loan off early?
Yes, there are no penalties for paying your loan off early.
How can I make my monthly installment loan payment?
Payments can be made in many different ways:
- Payments can be made by phone or in person using a debit or credit card.
- Payments can be made by money order at any of our store locations.
- Payments can be made via ACH if ACH Authorization is given
- If payments are not made by one of the methods listed above, loan payments are automatically withdrawn from a checking account saving a trip to our stores.
What penalties are there for not paying on time?
Paying your loan on time is very important in order to build a positive credit history with King of Kash which will allow you to increase your available credit for future loans.
By not paying your loan on time, you may experience the following:
- Late fees
- Return item fees
- Decrease in your available credit limit
- Decreased ability to borrow in the future
King of Kash does not report to traditional credit bureaus; however, we do utilize several non-traditional credit reporting agencies and report negative payment history on accounts. With that being said, you may also experience a negative impact on your ability to borrow from other lending companies as well.
What is King of Kash’s Refund Policy?
King of Kash offers a 24 hour grace period on all loans. If a customer repays the entire amount borrowed within 24 hours then King of Kash will not charge any interest.
For payments made, King of Kash provides a 100% Refund Policy if any payment is taken in error or not according to the terms of the Loan Agreement signed by the customer.
Where can I conduct business with King of Kash?
Any of our stores will be glad to serve you.
- Any of our locations may issue you an installment loan, whether it’s your first or future loan.
- You may call our Loans By Phone Hotline at 1-800-892-3006
- Any of our loan store locations will accept payments regardless of what King of Kash location issued your loan(s).
What if I have other questions?
If you still have questions, please use our contact us page to send us a message and we will get back to you as soon as possible.
Cary Silverman is a consummate entrepreneur having sold multiple companies during his 20 years of business experience in the financial industry, but for him, it isn’t about the money. His success is rooted in his passion to focus on doing something better today than it was done yesterday. These days, he’s the CEO of Waldo General, Inc. that oversees the operation of King of Kash.