CheckSmart

Founded in 1987 in Dublin, Ohio, CheckSmart now operates over 200 stores across 10 states. CheckSmart has built their empire on providing fast, genial service, affordable loans and a wide range of alternative financial solutions.

In addition to offering payday loans, Checksmart also cashes all kinds of checks, they offer car title loans, car insurance, prepaid debit and credit cards, money transfers and money orders, and even provide knowledgable tax professionals to help customers file their taxes. CheckSmart also offers printing, copying and faxing services. Customers can also pay their utility bills directly to the company at any CheckSmart location.

The CheckSmart website is an incredible educational resource, chalk-full of information regarding the payday loan industy, how payday loans work, and how to manage money effectively. Customers can apply for loans online 24 hours a day, and can even print out an official copy of their credit score from any or all of the big three credit bureaus – Equifax, Experian and Transunion.

All you need in order to take advantage of Checksmart’s services is a valid ID, proof of steady income and residence, an active checking account, and a valid phone number. Interest rates, fees, loan amounts and stipulations are all subject to specific state laws, so they vary from state to state. One of the company’s core principals is careful observation of state laws.

CheckSmart also has a long-standing history of philanthropy and community involvement. Not only do they contribute generously to causes like the Children’s Hunger Alliance and Habbitat for Humanity, they have an ongoing project of their own called the Community Cares Program, that aims to bolster the communities that CheckSmart locations call home through active support of local food drives, food pantries and fundraisers, and by providing financial literacy education.

Despite seemingly well-intentioned efforts, surveys indicate that only roughly 60% of CheckSmart’s customers say they would consider taking out another loan through them. Survey takers were also less than enthusiastic about the overall costs of their loans. In one survey, costs ranked 3.3 out of 5, while in a second costs dipped down even further to 2.8 out of 5. Perhaps the most shocking evidence from the surveys is that CheckSmart’s customer service, where they like to think they hang their hat, received only lukewarm endorsement with scores of 3.4 and 4.3 out of 5.

To contact CheckSmart, walk into one of their many locations, call 1-800-837-0381, or visit their website, www.checksmart.com