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Welcome to Checkmate

What do I need in order to qualify for a payday loan?

Getting a loan at Checkmate is easy. All you need is a transactional account, a working telephone number and a verifiable source of income. At Checkmate there are no lengthy credit checks, your loan is approved and processed in minutes. You walk into fast, friendly service and walk out with cash!

Find your nearest Checkmate store today.

Payday loans can solve short-term cash flow problems

Payday Loans are designed to meet temporary, short-term cash flow needs. As an analogy: While you would not choose to take a taxi from San Diego to Las Vegas, it is common to take a taxi for a short distance such as from your hotel to a nearby restaurant. Similarly, you would not choose a payday loan to finance a large purchase over a year's time, but you may choose one to meet a temporary cash shortfall until your next payday.

A convenient alternative for short term financial help

Financial plans can be disrupted by unexpected expenses that occur between paydays. A payday loan is a convenient alternative to pawning personal property, borrowing money from family and friends, or bouncing checks. Consumers also use payday loans to avoid late-payment penalties and tarnished credit ratings. Ideally, individuals have money saved from each paycheck to prepare for financial shortfalls or unexpected expenses. Realistically, many people have a periodic need for convenient, short-term financial assistance. Payday loans are less expensive than overdraft fees charged by a bank, and when used responsibly, payday loans are a good choice for many people. See the following chart as an example:

apr chart
Sources: CFSAA.com; Stephens, Inc. 2011; Moebs Services 2010 Fee Revenue Study; Bankrate.com; Readex Research National Data on Short-Term Credit Alternatives 2003; Moebs Services 2010 Financial Pricing Survey

Loans range from $50-$1000 depending on which state you reside.

  • $50 to $255 in California
  • $200 to $500 in Colorado
  • $50 to $1000 in New Mexico
  • $50 to $700 in Washington
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