Utah Money Center: FAQ


1What is a cash advance?
A cash advance is a short-term, unsecured loan to help you until your next payday. Customers choose cash advances to cover small, unexpected expenses while avoiding costly bounced-check fees and late payment penalties. At Utah Money Center, it is easy and quick to get a loan. First, apply online or over the phone for your short term loan. A customer representative will reach out to finalize your loan. Once approved you come in to one of our 4 locations to pick up the money.
2Is bad credit an issue?
Nope! Utah Money Center is a leader in helping people with all types of credit scores get rapid cash loans. We are not like the regular bank only able to lend to individuals with a perfect credit score. While we desire to assist everyone that applies, there are some limited circumstances that may prevent us from being able to approve a short term loan. Be sure that we do our very best to find a method to assist you whenever possible. A credit score does not have an impact on a short-term loan or signature loan.
3What if I only need to borrow money for a short time?
Perfect! You’re definitely in the right place! You only pay interest for the days that you have the loan. What else? There are never any upfront fees. This is a much better deal than a payday loan where you would pay the same up-front fee, whether you need the loan for 6 days or 14 days.
4Does Utah Money Center run a credit report?
Yes. However, we’re not looking for a perfect credit score to receive a signature loan or short term loan. We do want to make sure that we are lending responsibly and protecting all parties involved from fraud on their signature loan.
6How long does it take to get a loan?
It’s fast! Under normal circumstances, we can process short term loan or a signature loan for first-time customers in 30-minutes or less. If you’re an existing customer, it’s even quicker. Processing a short term loan normally takes less than 5 minutes!
7How much money can I borrow?
Each customer’s situation is different and we must fully process the loan application in order to determine the total amount that we can lend. We’ll make every effort to get you the amount that you request.
8Does my credit line ever increase?
Yes! As you develop a good payment history and your income improves, your credit line may increase. Additionally, good payment history might affect your credit score. A short term loan can actually have great benefits.
9How often can I get a short-term loan?
We are available any time you need financial assistance between pay periods. We encourage all of our customers to use the short term loan or signature loan responsibly. Keep in mind that a signature loan is a short-term solution to an urgent cash need – they shouldn’t be used repeatedly to increase credit score or deal with frequent budgeting issues.
10Do you hold checks for security on my loan?
No. Unlike a traditional payday loan, Utah Money Center’s short term loan does not require any collateral for you to get a loan.
11What if I don’t have a checking account?
A checking account is NOT required to qualify for any loan at The Utah Money Center.
12What are your interest rates?
Utah Money Center offers a competitive interest rate. In fact, guarantee to have the lowest rates! If we can’t, your loan interest is free. We comply with all state and federal laws.
13Do I have to fill out a new application every time I want to take out a loan?
If you have had a loan with us before all you need to do is call and we can get your loan approval started WITHOUT filing out another application.