Cash 1 Loan Reviews

cash 1 loans
cash 1 loans

Article Title: How Does This Lender Stack Up?

Short Description: This lender offers personal loans, installment loans and car title loans. They are a direct lender that operates in Arizona and Nevada only. Therefore, if you live outside either of these locations, you may not be eligible for their loan products. But is a loan from this lender worth it in the end? We investigate...

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  • Customer Support
  • Cost of Loan
  • Funding Time
  • Application Process


This lender offers multiple loan products, and the rates and terms will vary depending on many factors.  However, typical interest rates can be anywhere from 204% to as high as 469.29% APR.  For installment loans, you can borrow as little as $100 or up to $1,500.  Car title loans are a bit different.  With this type of loan, you can borrow as little as $100 up to $50,000.  It depends on your vehicle’s value, your vehicle equity, along with many other factors.

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  • Decent option for those with bad credit
  • Decent option for emergency expenses that come up
  • Lender is a local company with offices in Nevada and Arizona, and thus governed by state and U.S. federal laws
  • Application process is easy and effortless
  • Offer several different types of loan products


  • A very expensive form of borrowing, with interest rates as high as 469.29% APR
  • Not a good option for people with average to excellent credit
  • If you choose a title loan, you could have your vehicle repossessed if you fail to make payments

When researching short term lenders, it’s comes as no surprise that you have an endless supply of options to choose from.

Fast cash lenders all promise the same benefits; so, how do you differentiate between them?

Doing in-depth research on potential lenders is the main way to find a reliable short term loan.

Ideally, you should always review the following points before submitting an online loan application for any lender, including Cash 1 Loans:

  • Research the lender’s businesses practices
  • Review the lender’s loan terms (APR, fees, payment schedule, etc)
  • Analyze customer reviews from third party review platforms (Google, Facebook, Trustpilot, etc)

That said, we’ve done quite a bit of the leg work for you regarding Cash 1 Loans.  

After reading our guide, you should have a more comprehensive and realistic view of how this lender operates.

Overview of Cash 1 Loans

Cash 1 Loans was established in 1997 and provides consumers with short term installment loans, who otherwise cannot secure financing through conventional financing.

Traditional banks and lenders are much more restrictive.  To get the best rates on a personal loan, you’ll need excellent credit history.  Unfortunately for many people with bad credit, this simply isn’t an option.

Especially when emergency expenses come up.

The good news for people with bad credit is this:  Cash 1 Loans works with you even if your credit sucks.  

In addition to that, Cash 1 Loans is a direct lender. A direct lender simply means the funds you receive come directly from Cash 1 Loans.  Not a middleman.

Your financial information and personal details will not be shared with a dozen other lenders trying to sell you the same thing either.  The funds will come directly from Cash 1.

While Cash 1 Loans offers online installment loans, they also have various locations in the state of Nevada and Arizona.

Let’s discuss the different loan options below, shall we?

What Type of Loan Can I Get?

Cash 1 Loans offers different types of loans depending on a borrower’s location.  This is due to state regulations that prevent certain types of loans from being offered.

Cash 1 Loans offers the following types of loans:

  • Short term installment loans
  • Personal loans
  • Title loans
  • Smart loans

In Nevada, Cash 1 Loans offers short term installment loans, as well as auto title loans.

However, in Arizona, this lender can only offer car title loans.

Installment loans are basically short-term loans that are repaid over a set period of time, according to the lender’s terms.  

This makes it easier for you to budget finances and pay your loan on time.

What is the APR and How Much Will It Cost?

When deciding on a lender, you should always know the terms of the loan.

This leads us to the APR – which is the annual percentage rate.

The APR ultimately depends on the total amount of money borrowed, the type of loan requested, as well as your financial situation and credit history.

Auto title loans provided by Cash 1 have an APR that can reach as high as 204 percent, depending on the total amount of the loan.

Usually, the higher the total amount of the loan, the lower the APR will be. Aside from this, keep in mind that larger payments also equal less interest.

On the other hand, in Arizona, for installment loans, the APR can reach as high as 390% if the loan term is up to 90 days.

A short term installment loan in Nevada, provided by Cash 1 Loans will have an APR of 469.29%.

Minimum and Maximum Loan Amounts

How much money can you borrow from Cash 1 Loans?

It all comes down to the type of loan you request.

With an installment loan, you can borrow $100 to $1,500.  Your job or income will be considered collateral.

The application process is effortless and hassle-free – you can do everything online very quickly.

Car title loans, however, allow you to borrow a significantly higher amount.  Depending on several factors such as your income, credit history, value of vehicle and vehicle equity, you can borrow money against your title in an amount ranging from $100 to $50,000.

Title equity loans, on the other hand, allow you to borrow from $100 to $2,500.

Provided you meet eligibility criteria, Cash 1 Loans offers same day approval.  However, the funds may not be deposited into your account until the next business day, depending on the time of day you submitted the application.

You can still apply for a loan with Cash 1 Loans if you have bad credit.

That said, you should be very cautious with this type of alternative loan and only borrow what you need.

Loan Rates and Terms

The loan terms represent another topic that interests most borrowers. You will get a lot of useful insight by reading Cash 1 Loans reviews. Aside from this, you should also scan the website for more information. That’s because there are different terms for each type of financing. As you’ve seen, Cash 1 Loans isn’t the type of company that supplies just one category of loans – there are three different categories.

What are the terms that apply to installment loans, for instance?

Installment loans work similarly to other loans on the marketplace. There is a number of payments you have to make over the duration of the loan. These are basically short-term loans, and you make relatively low repayments, depending on the type of loan you’ve applied for.

You have the possibility to pay larger amounts, granted that you have the financial means to do so. This approach can help you to save money over the course of time. So, you should use this alternative to your advantage. Aside from this, you don’t have to worry about any early payoff penalty, which is also reassuring.

In case you’re planning to pay off the loan early, you can do that without worrying that you will have to pay a lot of money. In Nevada, for example, a personal installment loan has to be repaid within three months, or 90 days. In the case of title installment loans, though, the term is of 210 days.

Once again, we advise you to have a look at the firm’s website, as each type of loan has specific terms. It’s best to get acquainted with the terms before signing any official documentation.

How Can I Get Approved?

According to some Cash 1 Loans reviews, the eligibility criteria for getting a loan with Cash 1 Loans are lenient. For example, you need to facilitate proof of income. This might mean that you have to provide proof that you are employed. But this isn’t mandatory – another proof of income might also be your retirement income.

Bad credit isn’t an issue, as we’ve stated beforehand. But this is usually compensated due to the high APR. This is the norm with online lenders that are less restrictive in comparison with traditional banks. Therefore, your credit score shouldn’t come in the way of getting financing. Besides the proof of income that we’ve already mentioned, you also need an open checking account and a valid government issued ID.

The pre-approval process for a loan with Cash 1 Loans is very efficient; you can receive an answer in as little as 15 minutes, which is a huge advantage. Nevertheless, to contribute to the fast expenditure of the loan, you should provide everything that is required of you ASAP.

Aside from this, you should, of course, be at least 18 years old of age. As you can see, the eligibility criteria aren’t restrictive in any way – something you will most likely find in the majority of Cash 1 Loans reviews on the web.

What Do Consumer Reviews Point Out?

As we mentioned in the beginning, Cash 1 Loans reviews are important if you’re considering this company’s lending services.

The good thing is that they are positive, for the most part. If you were to look for Cash 1 Loans reviews on the Internet, you would find that many former customers were fairly satisfied with their services, the convenience of the services as well as the fact that they are hassle-free.

Of course, not all reviews are on the positive side. Some people had negative experiences with the company. Some have complained that the customer support service isn’t the most reliable, indicating that some of the claims on the website are false.

That being said, you will see that there is a mix of good and bad mentioned on the majority of reviews websites. One possible explanation might be that the customer support department consists of several employees – some might be better qualified than others.

Perhaps, this might explain the discrepancy between the reviews. However, the issue with the high interest rates can be problematic, as many borrowers fail to take this into account because they are desperate to get the money they need.

Therefore, in order to avoid ending up in the same position, you should carefully weigh the ins and outs of dealing with an online lender.

The Bottom Line

To conclude, we couldn’t argue that Cash 1 Loans is a scam. The company is legit, as you can clearly see on their website. They actually advise potential borrowers to think things through before applying for financing.

And this is a sensible approach to lending.

However, reviews are mixed, some pointing out a positive experience whereas others indicate a negative one.

The thing is that you should carefully assess the pros and cons before making a decision. You should acknowledge what an installment loan is and whether you absolutely need one or not.

You must be prepared and know what to expect, especially when it comes to the APR you’ll have to pay, the consequences of defaulting on the loan, so on and so forth.

Cash 1 Loans Review: Read Our Reviews on This Fast Cash, Short Term Lender to Find Out

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