King of Kash ReviewsKing of Kash is a payday loans provider and was founded in 1978. Within each of the states they operate in, they are licensed and regulated by state laws. With convenience and friendly customer service, thousands of customers trust the company. The lender seeks self-differentiation through fair practice and integrity. Wesbite: kingofkash.com
King of Kash is a short-term loans lender that was founded in 1978. They specialize in offering installments, signature, and personal loans in several states across the US.
The company claims to uphold a culture of dedicated customer service. This has earned them a reputation for convenience, friendly and honesty in their dealings. The company offers competitive loans and claims to be a better option amongst several traditional and payday lenders.
King of Kash offers unique loans services that are cleverly branded. Their signature loans are simply unsecured personal loans that will only require a signature for approval. Installments loans are also unsecured and with no credit checks during the application, any one may qualify for money.
The loans can be applied online, on phone, and at the physical stores. The online applications are very simple and all that is needed is filling out an easy form with personal details and submit. The details required include:
- Your full names and proof of identity from a government issued ID
- A valid social security number
- An active phone number and address
- A valid saving or checking account, which has been active for a month
- Some proof of a stable source of income
After submitting the application, a decision is reached in minutes and you will be informed about the loan status. When a loan is approved, you can choose to collect the money at any of the kingofkash.com storefronts or have the money sent to your bank account.
If a loan is approved between 9:00 am to 3:00 pm Monday through Friday, the money is sent to your account on the same day. However, for applications that are approved after 3:00 pm Monday through Friday, or weekends, the money is deposited on the next business day. With the ACH option, approved loans are funded on the next business day.
Although the company doesn’t perform typical credit checks like the banks, they confirm that they will use an alternative means for verification. To a large extent, the lender uses the information provided during the application process to determine your credit worthiness.
To repay the money, the lender has provided several methods through which you can use at your convenience. These include:
- Over the phone or in person payments using a credit or debit card
- Where applicable, ACH payments can be made
- You can pay by money order at any of their stores
- Automated payments from a checking account
To qualify for a loan with King of Kash, you have to fulfill the following requirements:
- Proof of a stable source of income, which can be a current pay stub or a letter of award
- If you are a permanent employee, you must be working for at least 36 hours in a week
- You must have a valid checking or savings account that has been active for the last 30 days
- Have a valid phone number
- You must have a credit or debit card registered in your name and bear a MasterCard or Visa logo
- You must be at least 18 years of age or above
- You must be a permanent resident or citizen of the US
- You must hold a government-issued ID
Have a valid social security number
The lender offers installment loans that offer flexibility and convenience. When dealing with issues that demand bigger amounts of money, installment loans are the best option because the lump sum is sufficient for most needs. The loan term allows proper planning and the lender lets you know how much is required on every payment cycle. The duration of the loan can range from six months to five years depending on location.
King of Kash offers personal loans that can be repaid over a period of 12 months. They are also branded bad credit loans where persons with poor credit score are allowed to access between $100 and $3000. Another term for their payday loans is the signature loans which allows customers to borrow without collateral.
The title loans offered by this lender allow you to access a bigger amount of money with only a title as collateral. There are several properties that can be used to get the loan which includes; a vehicle, home, or savings. However, a vehicle is the most preferred collateral.
When making payments you can walk into any of their storefronts and make a payment. Typically, you do not have to pay where you borrowed.
The fees and charges vary depending on your state of residence and the amount borrowed. In Missouri, the loans will be charged an APR of 407.41%. To get the exact APR figure and all applicable charges, view the terms and rates for your state.
However, there are several penalties that may be applied to the loan if a payment is missed. For instance, return item fees for Missouri is $25 on any loan.
The company offers a simple application that can be completed in minutes. Upon approval, the funds can be accessed instantly or on the following business day depending on your preferences.
Besides having the opportunity to access high sums of money, the fixed repayment amount is predetermined to help in budgeting. If you decide to pay the loan early, the lender doesn’t charge any fees on the loan.
Occasionally, you can take a loan but between approval and receiving the money, you change the plan. The company offers a 24-hour grace period where you can rescind the total amount borrowed without incurring any additional fees.
King of Kash applications can be fully approved without using fax but that will vary between applicants.
Being among the oldest loan providers, you can be sure and confident when submitting personal information.
The company is headquartered in Kansas City in Missouri but has extended its services to the following states:
Delaware, Missouri, Utah, Wisconsin, and New Mexico
King of Kash offers discount codes to their customers. The codes can be used when making an application and a discount will be effective depending on the coupon. To stay updated on the times of issuance, follow the lender on social media or sign up for their newsletter.