Frequently Asked Questions

How do I qualify for a loan?

How do the pay day loans work at 123 cash?

How do I make a payment on a loan?

How much can I borrow?

What are your fees?

What if I have poor credit?

What is a payday loan?

How long does it take to get approved?

What if I cannot pay the amount owed by the due date?

What if I plan on filing for Bankruptcy?

After paying off a loan when can I get another one?

How do I qualify for a loan?
You must live in Delaware. You need a job or a proven source of income, your most recent pay stub or awards letter, valid Photo I.D., Social Security Card, A bill with your name and address on it, Checking account in good standing. For your checking account to be considered in good standing it must fall into the following categories:
- Can not have more than two non-sufficient fund transactions
- Must be active for for at least 30 days
Then fax all documents to : 302-366-7564
- Photo ID, and Social Securtiy Card
- Most recent paystub, or awards letter
- Most recent bank statement
- A Bill with your name and address on it.
- And a Voided check that goes to your checking Acct.

How do the pay day loans work at 123 cash?
Once you are approved, we will send a direct deposit credit into your checking account. The money will be available on the next business day.

How do I make a payment on a loan?
You can make your payment either by mailing a Money Order, or by the ACH Process.

How much can I borrow?
Depending on what your monthly income is, our loans range from $100 to $1000.

What are your fees?

Table(14 day period)

Advance amount	Finance Charge	Total Loan amount
$100	$20	$120
$200	$40	$240
$300	$60	$360
$400	$80	$480
$500	$100	$600

What if I have poor credit?
We don-t do credit checks, We only do inquiries thru Teletrack that check for other
outstanding payday loans.

What is a payday loan?
A Pay Day loan is a short term loan that helps you fill a need for cash until your next payday. This is not a long term financial solution, it should only be considered for short term needs like an unexpected car repair etc.

How long does it take to get approved?
Once you fax us the necessary information, we can have you approved in 10-15 minutes. If approved, you would have the money in your checking account, on the next business day.

What if I cannot pay the amount owed by the due date?
In the state of Delaware you are allowed to rollover the loan up to (4) times. If you rollover the loan, the minimum payment would be the the Finance Charge on the Loan Agreement.

What if I plan on filing for Bankruptcy?
Unfortunately we will be unable to give you a loan if you file for personal bankruptcy.

After paying off a loan when can I get another one?
Three Days.