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Membership Application Tarjeta de Information Covered Borrower ID Statement Payday Advance Application

Payday Loans

A payday loan (or payroll advance) is a short-term loan of up to $600 that is repaid on the customer's next payday. You can use a payday loan to cover small, unexpected expenses between paydays to avoid expensive bounced check fees, late payment penalties and other cash flow problems.

Our customers use payday advances for all kinds of good reasons:

  • Avoid bounced check fees and penalties
  • Avoid late charges on credit card and bill payments
  • Avoid damage to your credit rating due to late payments
  • Solve temporary cash flow problems in a responsible and affordable way.

How It Works

The payday advance application process is fast and simple. It requires only the following documents, and there is no credit check:

  • Most recent pay stub
  • Most recent bank statement (positive balance NOT required)
  • Blank check from that account
  • Current, government-issued photo I.D.
  • Telephone or utility bill (if you have one)
  • Completed Payday Loan Application

If approved, the customer reads and signs an agreement containing disclosures required by the Truth in Lending Act (TILA) and writes a personal check for the amount of the advance plus a fee. Cash Plus advances the customer funds immediately, in CASH, but holds the check until an agreed-upon date, usually within two to four weeks, when the customer receives his or her next paycheck. When you pay off your loan with us we can consider you for a re-loan immediately!

The "Financial Taxi"

Just as a taxi is a convenient and valuable service for short distance transportation, payday advance customers know that this is a convenient and economical service that should be used to meet short-term cash needs. While it should not be used to meet long-term financial obligations, a payday advance is a dignified and cost-efficient "financial taxi" to help you get from one payday to the next when faced with an immediate or unexpected need for cash.

why cash plus of traverse city?

Cash Plus of Traverse City is your friendliest, most convenient resource for payday loans. But don't take our word for it: Ask our customers about the Cash Plus customer service difference! It's what makes Cash Plus the preferred place for a variety of personal financial services.