St Joseph Personal Loans

Who is King of Kash?

Founded and established in 1978, King of Kash has been serving St. Joseph, MO by offering affordable loans to borrowers who need a quick financial relief. King of Kash aims at providing our customers with better and less risky financing options than the predatory title and payday loan companies that trick people into a vicious debt cycle.

Almost four decades after King of Kash was built, we have now served more customers in Missouri than payday loan companies, banks, and credit unions have combined. With the recommendations of our loyal customers, King of Kash is set to continue providing personal loans in St. Joseph.

To see why King of Kash has stood out from the rest of the companies and institutions in the local lending industry, give the nearest store a visit!

Difference between personal and payday loans

When people get in a financial bind, they tend to run straight to the payday lender for help. Getting a cash advance loan is the worst possible option. A payday loan is a short term loan that’s normally under $1,000 and taken out against your next paycheck.

While that doesn’t sound bad on the surface, paycheck loans are jam packed with additional fees. They will typically have a fee on the amount borrowed. For instance, you could have a $15 fee for every $100 in your loan so if you take out a $1,000 loan, you have $150 in additional fees tacked onto it. That may not sound like a lot, but it’s actually a 400% APR on a 2 week loan and if you don’t pay it back on time, you can incur late fees and additional penalties making even harder to pay back.

This is why many people that take out a payday loan end up having to roll it over into another one just to pay off the initial loan. AND there’s typically a fee for rolling your loan over too. This is why payday loans have been called predatory because they are.

Personal loans, on the other hand, are typically funded on the borrower’s ability to repay the loan. Therefore, if a potential borrower doesn’t have the capacity to repay the loan, they aren’t approved for one. This prevents them from digging themselves into a deeper financial hole than they already are.

You’re also able to fund up to far higher amounts ($10,000+) and space out the payments over a year or longer which makes them easier to pay off. There also aren’t any fees for paying off your loan quicker so you can avoid much of the additional cost due to interest.

If you’re in a financial bind, be sure to pass on payday loans and go with a personal loan instead.

Do I need good credit for a loan?

No, you do not have to have the perfect credit score to qualify for one of our loans. You don’t even need to have good credit since we base your credit worthiness on your ability to repay the loan, not your credit history.

Along with your proof of income, employment and citizenship, King of Kash will process your loan application quickly and you can get approved within just a few minutes.

No matter who you are and where you are financially in your life right now, as long as you file a loan application and meet our lending criteria, King of Kash will take your application seriously.

In rare cases, King of Kash may still take your credit score into consideration and require you to provide additional documents for qualification, but your installment loan can still be part of the 77% of the total loan approval that the company grants.

How can I qualify for a loan from King of Kash?

Getting a personal loan from King of Kash is easy. Simply provide the following documents and your application is set for processing:

• Your current proof of employment or fixed income (pay stub, award letter, etc.) to prove that you are employed and have the capacity to repay the loan.
• If employed, it must be permanent with a minimum of 36 hours/week.
• You must have an 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. We may need to call you to discuss the details of your application and the terms of your loan.
• You must be at least 18 years old and a U.S. citizen
• Verifiable Social Security number
• Valid government issued photo I.D.

Is an Installment Loan the Right Option for Residents in St Joseph?

St Joseph residents may need a little extra cash from time to time. Perhaps they spent all of their savings dealing with a burst pipe in the kitchen, and the next week their vehicle breaks down. Without the extra money, they’ll need to find some way to repair the car so they can get to work and anywhere else they need to go. That’s where an installment loan can help. We offer an easy way for St Joseph residents to get the money they need.

Various Lending Options Available

Today, there are a lot of lending options available, depending on what the money will be used for. Some options, like mortgages, are only offered in specific situations, like purchasing a home. Others, like personal or payday loans, can be used for a variety of reasons. Installment loans are smaller loans, usually for around $1,000 or less, and can be used for anything the resident might need. They can get the car fixed, fix the garage door, replace an appliance, or handle any other emergency that has come up.

The Downside to Lending Options

Most lending options do have a downside to them. A personal loan from the bank is typically for $10,000 or more, so it’s not for a small emergency. Most banks also limit what the loan can be used for, and they will check the credit history for applicants before approving the loan. Payday loans, on the other hand, are for smaller amounts. The major downside to them is the loan has to be repaid in full with the resident’s next paycheck. This could put a huge strain on their finances for another pay period, which is not the goal when borrowing money.

The Benefits of Installment Loans

Installment loans are different. They don’t have the downsides that personal loans or payday loans have, and they offer a ton of benefits. This makes them the perfect option for most St Joseph residents. Some of the benefits include the following.

• Smaller Loan Amount – Installment loans are for a smaller amount. First-time applicants can borrow up to $1,000, while repeat customers may be able to borrow up to $3,000. This is perfect for many different types of emergencies, like plumbing or vehicle issues.
• Use for Anything – We don’t limit what the installment loan can be used for. If an applicant needs a new refrigerator and finds one on sale, they can use the remaining funds to fill the new fridge with food and drinks.
• Less Strict Approval Guidelines – We don’t require a specific credit score for applicants to be approved. This means more St Joseph residents are able to be approved for one of our loans. We simply check to make sure they will be able to make the payments each month.
• Payments Made Over Time – Unlike a payday loan, our installment loans are repaid over time. There’s no need to worry about how the electric bill will be paid since the repayment amounts each month are as low as possible.

How We Help You Get Money Fast

Our installment loans make it as easy as possible for you to get the funds you need right away. We offer an online application, so you don’t need to leave your home to apply or be approved. Once you’ve filled out the fast application, our team handles the review. When you’re approved, we’ll direct deposit the funds into your bank account, and you’ll be able to start spending the money. In most cases, it’s only going to take a few hours for all of this to happen.

We strive to make it as easy as possible for you to get the money you need and to make sure it gets to you fast. We know how important it is to have the money right away, especially when the emergency is something that can’t wait to be handled until tomorrow. That’s why we offer a fast application and direct deposit. Without leaving home, you can easily get the funds you need.

Do you need to borrow a little bit of money to handle an emergency? We know that things happen and, when they do, you might need a little extra help to get past it. We offer installment loans so you can get all of the benefits of a loan without any of the downsides. Fill out our fast application now to find out how much you could be approved for, or contact us if you have any questions.

or CALL (816) 627-5351