Our short-term payday loans put a cash deposit directly into your checking account. In general, the due date of your loan is tied to your next pay date. See HOW YOUR DUE DATE IS DETERMINED below for details. When your loan is due, we automatically access your checking account via an authorized electronic withdrawal or, if you have provided it, the debit card associated with your checking account. For alternative repayment options, please contact us.
NOTICE OF FEES CHARGED FOR SERVICES
Deferred deposit loan fee .....$27.00 per $100
A 14-day payday loan of $300.00 has an APR of 703.93% and a finance charge of $81.00. Community Choice Financial® deferred deposit loan fees charged are $27.00 per $100.00 borrowed. Pursuant to the Nevada Payday Lender Best Practices Act, as effective October 1, 2015 the lender discloses that the fees charged for providing this deferred deposit loan will be: $81.00.
To view additional examples of payday loan fees, select a loan amount and duration from the drop-down menus below. Your results will be shown below once you select a loan amount, duration, and click the ‘Submit’ button.
This payday loan fee calculator is only for illustrative purposes and provides an example of a typical payday loan we offer to qualified applicants. If approved, the specific rates and terms of your loan agreement will depend on your qualifications.
This deferred deposit business is licensed and regulated by the Nevada Department of Business and Industry Financial Institutions Division. Deferred deposit loans should be used for short-term financial needs only and not as a long-term financial solution. Customers with credit difficulties should seek credit counseling before entering into any deferred deposit loan transaction.
NOTICE OF RIGHT TO CONTACT THE OFFICE OF THE COMMISSIONER OF FINANCIAL INSTITUTIONS REGARDING CONCERNS OR COMPLAINTS
YOU MAY CONTACT THE OFFICE OF THE COMMISSIONER OF FINANCIAL INSTITUTIONS REGARDING CONCERNS OR COMPLAINTS ABOUT THE SERVICE PROVIDER WITH WHOM YOU ARE DEALING BY CALLING THE FOLLOWING TOLL-FREE TELEPHONE NUMBER IN NEVADA: 1 (866) 858-8951.
You can also visit the Nevada Department of Financial Institutions website: http://fid.nv.gov/. Complaint forms may be found on that website, and the form can be sent by mail, email, or fax to the State of Nevada, Department of Business and Industry Financial Institutions Division: Address: at 3300 W. Sahara Avenue, Suite 250, Las Vegas, NV 89102 | Phone: (702) 486-4120 | Fax: (702) 486-4563 | E-mail: FIDMaster@fid.state.nv.us
NOTICE OF RIGHT TO ENTER INTO A REPAYMENT PLAN
IF YOU DEFAULT ON A LOAN, WE MUST OFFER A REPAYMENT PLAN TO YOU THAT IS IN COMPLIANCE WITH NRS 604A.5027, BEFORE WE COMMENCE WITH ANY CIVIL ACTION OR PROCESS OF ALTERNATIVE DISPUTE RESOLUTION.
The term of these payday loans is 4-35 days. The system will set your loan due date to coincide with your next payday, unless your next payday is less than 4 days away. If you need a different due date, please call 1-800-460-4305 for assistance. Whenever possible, we suggest making your loan due date on your next payday.
When your loan is due we will automatically withdraw the total amount due from your checking account via an authorized electronic withdrawal or, if you’ve provided it, the debit card associated with your checking account. Under Nevada law, we cannot extend or refinance your loan for a period longer than 60 days from the initial execution date of your loan. If you need an alternative method of payment, please call 1-800-460-4305. Please remember that if you cannot repay your loan in full on its due date, you should contact us one banking day before your loan is due.
If you do not want us to withdraw the total amount due you have the option to refinance your loan until your next payday. Refinances result in more finance charges paid over the life of the loan. The cost to refinance your loan is $27.00 per $100.00 borrowed. The $27.00 fee covers earned interest for the extended period. We recommend paying an additional amount toward the principal balance to reduce the amount of fees you will pay for refinancing your loan.
The refinance fee will be withdrawn from your account on your due date. You have the option to refinance your payday loan three (3) times. We must receive your refinance request before 7:45 PM Eastern, one banking day before your loan is due.
For more information on repayment options such as courtesy moves, refinances, and extended or variable payment plans, please contact us at 1-800-460-4305, or visit our FAQ page.
Your online agreement will be governed by the laws and regulations of the state of Nevada. If your authorized ACH debit is returned for any reason you agree to the following:• You are authorizing us to initiate electronic debits or drafts to your account in the amount up to, or less than the amount owed, until the amount owed is paid in full. Your authorization shall remain in effect until we have received written notice of its termination. We must also have had a reasonable opportunity to act on this authorization.
You have the right to rescind your loan without incurring any charges by notifying us of your desire to rescind and by returning the loan amount to us on or before 7:00 PM Eastern, on the next banking day following the date on which the loan was executed.
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