First Cash Direct Review

First Cash Direct ReviewIf you reside in the state of Texas, First Cash Direct may be a fast and easy way to get the cash you need into your account as soon as the next business day. When trying to determine whether to do business with a company like this, there are a few signs and signals to watch out for.

The first thing we noticed is that this is a business that is conducted both online and off-line payday loans. This is a good sign because it shows that they are following the rules mandated by the state of Texas, as well as offering you a convenient and private way to take out a loan from the comfort of your home.

It’s important to note that they are not a direct lender. They only help to facilitate the process of finding you a loan. Basically you fill out one application with them, and they will send your data out to lenders that are willing to work with you to get you the money. It’s a way of streamlining the process so that you don’t have to fill out dozens of applications, get rejected, and start the process over again.

First Cash Direct Review

The requirements of First Cash Direct are pretty reasonable, including a fairly low requirement for your monthly income. They only require you to bring home a minimum of $500 per month, which is about half the amount that some lenders require. This comes in handy when you only need a small amount to smooth things over with your checking account, and means that even if you only have a part-time job may still be eligible to to take out a loan.

The maximum amount you can borrow is $1000, which should be enough to weather most financial storms. Of course to qualify for that amount you’ll need to make more than $500 per month, and you’ll be paying significantly higher fees. You’ll also want to be sure that you’ll be able to pay that amount back on your next payday. Lenders you have it set up so that they will lend you more than you can reasonably pay back with your next paycheck, as a way to keep you in the payday loan trap.

Secure Application
It may sound strange, but some payday lenders don’t have a secure application for you to fill out. But here you’ll end up on an encrypted application page. When you stop to consider that the information you provide is very sensitive you’ll appreciate that the information is sent over a secure connection.

Physical Locations
If you want to visit them in person and there’s a First Cash Direct store near you, you’re able to. Not many online lenders maintain a physical location, or vice versa, not many physical lenders are up and running with an online presence. It’s always nice to know that a lender actually operates stores, even if you never visit one. It’s simply to easy for a shady company to start a website and make it look legit. But it’s not very easy to open a physical branch and conduct business according to state rules and regulations. It’s a huge plus that goes in their Pros column.

Loan Rates for Texas
Their rates are going to be regulated by the state of Texas, so you won’t have to worry that another lender is going to be able to beat their rates. No matter where you end up in the state, as long as they’re legit and are doing business as they should they will have the same rate. This is something that is set up by the state in order to protect consumers from extortionary loan fees.

Our Recommendation
Texans should definitely put this o their shortlist of lenders to consider, since they are doing everything you’d expect them to do, and can have the money into your account as soon as the next business day. It’s a way to make everything go more smoothly and can be a real time saver. Once you fill the application out and obtain a loan, you’ll be able to quickly reapply if you ever need money again in the future

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