Cash Store Review

Urgently getting money today is not a problem. You can take the required amount quickly and simply at the offices of microfinance organizations (MFIs), which are located at almost every intersection.

The problem is that you often have to repay a lot more than you took. And many cannot do this. That’s the issue many clients face when turning to the Cash Store.

Cash Store is available only in 6 states (Idaho, Illinois, Michigan, New Mexico, Texas, Utah, and Wisconsin) throughout the USA, so you have less chances to be scammed by them.

Interest on microloans in Cash Store is several tens of times higher than interest rates on loans. And therefore, as the experts of the Central Bank explained to us, first of all, you need to weigh your financial capabilities. Not everyone can pay interest on a microloan, and it is not always possible to repay it before they begin to accumulate.

That’s why you should thoroughly check the company you want to deal with. And we are here to help you.

  • APR – ‎390% – 780%
  • min max loan amount – $100 – $5,000
  • max loan term – 1 – 30 months
  • number of states – 6

How Cash Store Works?

Getting a microloan from CashStore is possible for any citizen of the USA, whose age is 21 – 65 years (different states set different age limits) if he is an able-bodied individual.

To get a loan in Cash loans Stores, you must go through the registration procedure on the site of the MFI and fill out a questionnaire indicating all the necessary data.

After the questionnaire is verified, a Cash Store representative will contact you to clarify additional data. Next, you select the method of receiving funds. Cash Store arranges loans, both on a bank card and on electronic wallets.

In general, the period in which the application is considered and money is transferred can range from 15 minutes to one or two hours. Sometimes this process can take a whole day, but even if there are delays, you can always get Cash Store payday loans faster than taking a loan from a banking organization.

What else should be noted?

The loan is issued in fairly small amounts. Cash Store provides loans, the limit of which reaches $5,000.

Microloans from Cash Store are the so-called short-term loans. Basically, the time period for using borrowed funds is from one week to one month.

Registration of such loans is very, very fast. Cash Store considers the application of the borrower in just a few minutes, while others – within a few hours. Filing an application and receiving a sum of money sometimes happens in one day.

The main advantage of a loan from Cash Store is the ability to receive funds even if you have a bad credit history. If this fact is very often the reason for refusing to obtain a bank loan, this lender simplifies the process of obtaining a loan (usually the borrower’s credit history is simply not taken into account).

In addition, to obtain a microloan, a person should simply have a state-issued ID or driver’s license of the USA. Other documents are simply not needed.

Cash Store Services

Citizens from Idaho, Illinois, Michigan, New Mexico, Texas, Utah, and Wisconsin have the ability to try three next options:

  • Installment loans. Designed for borrowers aiming to repay their loans over time and take out a larger sum.
  • Cash advance loans. A service that offers a very “narrow” field of financial activity. They feature a short-term repayment period and not so large amount of money to borrow. These loans are available only for residents of Illinois ($865 cap), and Michigan ($600 cap).
  • Title loans. Whether you have a vehicle, this loan may offer you to take a large credit of up to $25,000. You need to use your car or a truck as collateral.

Cash Store Loan Requirements

The eligibility criteria for Cash Store typically requires you:

  • Live in a state serviced by Cash Store
  • Have a regular source of income
  • Have an active checking account
  • Have a state-issued ID or driver’s license
  • Have a lien-free car title (for title loans)
  • Are at least 18 years old

Required documents

In order to complete your in-store application successfully, you need to provide the following documents in most states:

  • Proof of income
  • A recent checking account statement
  • A personal check
  • A state-issued ID
  • Lien-free title (for auto title loans)

Is Cash Store Legit?

According to our information, the Cash Store is legit. But if you want to check Cash Store legitimacy on your own check on their official website, whether it is in the state register of MFIs.

In past years, more than 1.4 thousand illegal creditors were identified in the USA. On the website of the Central Bank, you also need to find out if a particular organization is included in the list of self-regulatory companies (SROs). The data in the contract must fully comply with the data in the registry: PSRN, TIN, full and abbreviated name, address of the location.

Directly in the Cash Store, ask the employee for a single tabular form of the contract. Each organization is obliged to use only it.

On the first page in the upper right corner in a square frame in front of the tabular form of individual conditions must be indicated the full cost of Cash Store payday loans online in percent per annum.

And remember that you have five days after contacting the Cash Store office and before signing the contract to consider the proposal. During this time, the conditions of the transaction will not change, including the amount of Cash Store interest rates.


As you see, dealing with this store is quite a pleasant and quick activity from first glance. But if we look deeper, we can see a lot of misconceptions that clients of the Cash Store like to share on the Internet.

Here is what one customer said: “They made a mistake loading my “credit card” a card they charge $18 for without telling you they have a debit card that costs 5, incorrectly. I was charged the full amount of my loan without a credit for the difference. When I asked for a “manager,” she completely lied in my face, and they refused to admit any mistake.”

Thus we can admit that these employees are trained to lie their clients as well as cheat on different levels of cooperation with high interest rates.

We strongly don’t recommend turning to these guys.


  • Enough time prior to sign a contract and change your mind
  • Credit score monitoring
  • Rewards for returning customer


  • Limited availability
  • High APRs
  • Multiple fees
  • Payday loans don’t help you build credit
  • Available only in 6 states
  • Not transparent
  • Multiple complaints


Is Cash Store a Payday Loan?

Yes, it is a traditional short-term lender providing fast cash solutions to its clients.

How much can you borrow from Cash Store?

Depending on your state of living, credit history, source of income, and the type of loan you chose, you can borrow up to $5,000 ($25,000 for title loan).

What are Cash Store rates?

Cash Store rates are incredibly high. You can face APR of about 800%.

Does Cash Store Check your credit?

Yes, they check even obviously bad credit scores.

Does the Cash Store report to the credit bureau?

Cash Store does not report to the credit bureau.

What do I need to get a loan from the Cash Store?

You need to live in a state serviced by Cash Store, have a regular source of income, have an active checking account, have a state-issued ID or driver’s license, have a lien-free car title (for title loans) and to be at least 18 years old.