Lee’s Summit Personal Loans

Who is King of Kash?

Serving numerous customers all throughout Missouri, King of Kash was first established and founded in 1978. Since then, King of Kash has been relentless in providing financial solutions to people who are in need and don’t want to get involved with the risks that are so often associated with payday and title loans.

King of Kash has continued to expand its reach through the loyalty of our customers as well as their network. We are not just a company who helps give you fast and affordable cash solutions, we are here to genuinely and sincerely help you get up your feet after your financial struggle.

How do I get my Cash?

For your convenience, we’ve streamlined our online loan application process so you’ll know if you’ve been approved in a matter of minutes! After you’ve been approved, you can claim your loan a number of ways:

• Stop by the nearest King of Kash location
• Have the money deposited directly into your account
• Receive the money the next day via ACH
• In most cases, bank wires are released the same day, Monday – Friday

Lee’s Summit Personal Loans by King of Kash

King of Kash specializes and focuses on personal loans, a type of unsecured loans that’s very helpful to people in financial distress. Our personal loans are non and/or less risky compared to other types of loans because we do not require collateral or impose hefty charges and rates.

King of Kash personal loans are available based on the borrower’s ability to pay back the loan. We will consider your loan amount, employment and credit history into the application yet we have a high (77%) rate for loan approvals. We’ve also designed a very simple and streamlined loan application process that enables borrowers to get their funds almost immediately and not wait for days.

Without credit check, collateral and hidden fees, King of Kash personal loans can certainly provide you with relief in your financial struggles. That is the reason why we are called The Easy Loan Store™!

Credit Scores and Installment Loans in Lee’s Summit

Installment loans are small personal loans, and residents in Lee’s Summit can use them for any emergency situation they might have. Typically for less than $1,000, these loans can help with appliance replacements, home repair projects, vehicle repairs, and a lot more. Before applying for loans, many of Lee’s Summit residents may be worried about what their credit score is and whether it will impact their chance of being approved.

What is a Credit Score?

A credit score is a culmination of someone’s recent credit history. The score ranges from 300 to 850. The score is determined by the amount of credit someone has relative to their income, how much of the credit has been used, whether they make payments on time and a lot more. Credit scores are commonly used to determine if an applicant is able to receive a loan or a line of credit by many lenders. This is done because someone’s credit history can be an indication of whether they’ll be able to repay the new loan or keep a line of credit in good standing.

When Credit Scores Go Down

Credit scores should be a good indication of whether someone can repay a loan, but they aren’t always. Sometimes, credit scores will be poor because of something that may not be in the applicant’s control. For instance, credit scores can lower fast if someone misses a payment because they were out of work for a few months, if someone has significant medical bills they cannot pay, or if someone has added debt from going through a divorce. The credit score can improve, but it will take time.

Soft and Hard Credit Checks

When a credit score is checked by a lender, it’s usually a hard credit check. This means it shows up in the applicant’s credit history. This is something to be aware of whenever an applicant is searching for a loan. If they receive a few hard credit checks that show up on their credit history, the score will go down. It may only go down a point or two, but that could be enough to make it less likely they’ll be approved for the loan they need. With installment loans, the credit check is a soft credit check. This means it’s not going to count against them as it won’t show up on the applicant’s credit history.

Credit Scores and Installment Loans

Most lenders do check an applicant’s credit to determine whether someone should receive a loan or not. Credit scores under 629 are considered poor, so applicants may not be approved for most loans. Credit scores ranging from 750 to 850 are considered excellent, so applicants don’t have to worry as much about being approved for the loan. With installment loans, however, this works a little differently. While the credit score is checked, it’s not what lenders of installment loans are looking at. Our company does check the credit score, but we will offer loans to those who have a low credit score.

What’s More Important to Check

Instead of basing our decision on the credit score like so many other lenders, we base it on someone’s ability to repay the loan. This isn’t obvious when looking at the credit score because, as mentioned, there are reasons a score could be low even though an applicant pays their bills on time and can repay the loan. That’s why we check the applicant’s employment history, as well. We make sure they can repay the loan, not that they have perfect credit.

Repaying a Loan and the Impact on Credit Scores

Though we don’t base approval on the credit score, applicants should check their own credit score to know where they stand. If they do not have a high credit score, an installment loan can provide one more benefit. When the loan is repaid on time every month and fully repaid by the deadline, this could look good on the applicant’s credit history and can help their credit score improve.

Though there are plenty of lending opportunities in Lee’s Summit, most rely heavily on the applicant’s credit score. However, no matter what your credit score is, if you need a little bit of emergency money, we can help. We offer installment loans with a fast application and low monthly payments, so you can get the money you need without having to worry about anything. Fill out our online application today to see how easy it is for you to get the money you need.

Types of Money Lenders & The King of Kash Difference

A financial struggle can easily be addressed by taking loans from one of the money lenders you can find. However, it is important that you know exactly what these loans are and how they differ from one another so you make the best decisions.

Title Loans

Title loans are loans that require collateral, usually a vehicle, in order for a borrower to qualify. Lenders of title loans tend to lean more on the value of the vehicle rather than on the borrower’s credit standing. These loans belong to the higher scale in terms of the amount, but it is worth bearing that lenders have their own limitations on the maximum amount that they can provide.

If you qualify for a title loan, you can get the money that same day and still be able to keep the vehicle. The problem begins if you default on your loan because the lender can actually take the vehicle away from you, therefore adding more stress than what you already have.

Payday Loans

Also called check or cash advances, payday loans are small loans that you can borrow to help you tide over until your next payday. These loans are usually offered in smaller amounts and you need to pay on your next paycheck. Payday loans tend to be one of the most expensive loans you can find in the market nowadays, with some lenders charging you as much as $30 for every $100 of your loan.

Some lenders have extra charges, such as lender’s fee and other charges along the way. The lender may also ask you write a post-dated check scheduled on your next pay schedule. However, if the funds don’t come in on time, the check could bounce and you have to pay the overdraft fees as well, on top of the principal amount of the loan plus interest.

King of Kash Difference

King of Kash loans are different in that we do not require you to submit your vehicle as collateral which you run the risk of losing if you default on your loan. King of Kash loans offer a very manageable, convenient and affordable loans that are payable within a 12-month period. We do not impose hidden fees or charge you extras. King of Kash loans are just honest-to-goodness financial solutions that can help you recover from a financial simply by following a very streamlined application process.

or CALL (816) 627-5348

Other King of Kash Locations Near Lee’s Summit

Blue Springs

716 NW M-7Hwy
Blue Springs, MO 61014
(816) 627-5354 Map

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